Global E-Bike Market by Type (Throttle Mode, Peddle Assisted Mode), Battery Type (Lithium-Ion, Lead- Acid Battery, Others), Application (City/ Urban, Cargo, Mountain/ Trekking), Sales Channel (Retail Distribution, Direct Sale) and Region, Growth, Trends, Covid-19 Impact, And Forecasts (2021-2026)

Report ID - MRC_386 | Pages - 340 | Category - Automotive Services

E-Bike Market Insights

Global E-Bike Market was estimated to be USD 10,937.3 million in 2020 and is forecasted to grow at a CAGR of 12.4% during the forecast period of, 2021 – 2026. An e-bike is a bicycle used to assist propulsion using an integrated electric motor.

Asia-Pacific accounted for highest revenue share region in global e-bike Market. Countries in Asia Pacific are showing promising growth e-bikes market. China is the largest consumer of e-bikes, thus increasing the sales of Asia-Pacific region. Electric Bike’s throttle Mode accounted for the largest market share in global E-bikes market. The throttle Mode of  electric-bikes segment accounted for 73% share of the global E-bikes market in 2020. Lithium Ion Battery segment of electric bike accounted for the largest market share segment in global e-bike market. It is being increasingly used in e-bikes as batteries in electric bikes end up being 25 to 50% portion of the final mass.

Variety of e-bikes are available globally, generally falling under two wide categories: bikes assisting the rider’s pedal-power and bikes adding a throttle, thus integrating a moped-style functionality. Rechargeable batteries are used in e-bikes and usually travel up to speed of 25 to 32 km/h i.e. 16 to 20 mph.

The key factors driving the e-bike market’s growth are increased affordability and benefits of using electric bike and increased use of e-bikes among individuals will propel the market for the global e-bike market. Owing to consumers understanding and awareness towards the use of e-bike, the e-bike sales are showing significant growth across regions such as Asia- Pacific, Europe and North America. Moreover, since the governments across the globe have started pushing for electrification of the vehicles, there has been a lot of awareness of sustainable travel and commuting.

Furthermore, the complexities with the mechanical design of components such as e-bike motor controller, motor and battery system tend to face fundamental design challenges. Thus the complex design related concerns may restrain the growth of global E-bike market.

Covid-19 Impact on Global E-bike Market

Covid-19 had affected the global E-bike market in the first half of 2020 due to the lockdown and government restrictions on outdoor and indoor spaces. The market of e-bikes was affected due to Covid-19 lockdown and the crashing economy globally and manufacturers slowed down the manufacturing process since the demand was all-time low.

Manufacturers of E-bikes reported a loss in sales revenue during the lockdown phase of 2020. Net year revenue for 2020 was USD 10,937 million which was lower than the previous year, as 2019 revenue was USD 11,506 million.

Covid-19 had a moderate impact on various regions of the E-bikes market. Nations like the United States and the UK experienced reduced biking since the lockdown went into effect which led to the reduction in revenue of the e-bikes market followed by a reduction in the revenue faced by major manufacturers during the COVID-19 lockdown.

E-bike Market Report Coverage

E-bikes Market is segmented by Type, Battery Type, Applications, Sales Channel and Region. By Type, the market is segmented into Throttle Mode, Peddle Assisted Mode. By Battery Type, the market is bifurcated into Lithium-Ion, Lead- Acid Battery and Others. By Sales Channel , the market is segmented into Retail Distribution, Direct Sale. By Application, the market is segmented into City/ Urban, Cargo, Mountain/ Trekking. The report also covers the market size and forecasts for the Global E-bikes Market in 18 countries across major regions.

Report AttributesReport Details
Study Timeline2015-2026
Market Size in 2026USD  20,976 Million
CAGR (2021-2026)12.4%
By Type
  • Throttle Mode
  • Peddle Assisted Bike
By Battery Type
  • Lithium Ion Battery Electric Bike
  • Lead- Acid Battery
  • Others
By Applications
  • City/ Urban
  • Cargo
  • Mountain/ Trekking
By Sales Channel
  • Retail Distribution
  • Direct Sale
By GeographyNorth America ( U.S., Canada, Mexico )

Europe (Germany, France, U.K., Spain, France, Russia ,Italy)

Asia Pacific (China, Japan, South Korea, Australia, India)

Latin America (Brazil)

The Middle East and Africa (Saudi Arabia, South Africa and UAE)

Global E-bike Market Segmental Analysis

Market Research Community provides an extensive analysis of the size, share, and major trends in each sub-segment of the Global E-bike Market, along with forecasts at the global, regional, and country levels from 2021-2026.

Electric Bike Segment Analysis By Type

Electric Bike’s throttle Mode accounted for the largest market share in global E-bikes market. The throttle Mode of  electric-bikes segment accounted for 73% share of the global E-bikes market in 2020 and is expected to grow at a CAGR of 12.5% during the forecast period, 2021-2026.

The throttle mode on an e-bike is same as an electric scooter or motorcycle such as when it is engaged, the motor propels the bike forward by providing power to it. The throttle mode on e-bike are most widely used owing to the comfort that it provides. Moreover, it also gives full power on demand without any involvement of automatic peddle assistance.

Global E-bike Market Revenue (USD Million), By Throttle Mode, 2015-2026

The key factor that is anticipated to drive the market is the option to ride without pedalling making it the best system for people with medical conditions who find pedalling difficult.

Electric Bike Segment Analysis By Battery Type

Lithium Ion Battery segment of electric bike accounted for the largest market share segment in global e-bike market. A lithium ion battery has high energy density and long cycle life, thus making it leading battery type opted for use in electric bikes. A lithium battery has the best combination of total weight and capacity. It is being increasingly used in e-bikes as batteries in electric bikes end up being 25 to 50% portion of the final mass.

Global E-bike Market Revenue (USD Million), By Lithium Ion Battery Electric Bike, 2015-2026

Moreover, number of recharge cycles of lithium-ion battery is about 400, which is two and a half times more than the lead-acid battery. The specific capacity of lithium-ion batteries is the highest of all existing types which provides it an upper hand in the market and this is their main advantage which will propel the market.

Electric Bike Segment Analysis By Application

City/ Urban segment of electric bike is the fastest-growing segment in global e-bike market. Public transportation systems in cities such as Paris, New York, and London typically are very crowded as they carry millions of people to shops and to work each day, resulting in roughly 1.5 billion trips each year. Post quarantine, people are preferring bicycles as ideal mode of transport, as they are comfortable, convenient, fast, and allows to be socially distant while being active.

Global E-bike Market Revenue (USD Million), By City/ Urban, 2015-2026

Moreover, Rad Power Bikes a Seattle-based company’s sales in April increased a whopping 297 percent year over year. It is observed from the sales of e-bike manufacturers that the use of e-bikes has increased in the cities and urban areas. For instance, Aventon Bikes, based in Ontario, California, claims to be packed with orders, with sales up in Massachusetts (+298 percent), California (+85 percent), and New York (+164 percent).

Electric Bike Segment Analysis By Sales Channel

Retail Distribution segment of electric bike accounted for the largest market share segment in global e-bike market. The Retail distribution segment accounted for 65% share of the global E-bikes market in 2020 and is expected to grow at a CAGR of 12.3% during the forecast period, 2021-2026.

Retail Distribution Channels are the routes which goods & services undertake to reach the consumer from a manufacturer. They involve distributors, wholesalers, or others who act as intermediaries. Although involvement of more intermediaries result in increasing price of the electric bikes, it is required in some areas where direct sales are impractical or infeasible.

Global E-bike Market Revenue (USD Million), By Sales Channel, 2015-2026

Owing to the reach in remote locations where companies cannot provide direct services retailers have more than 50% of share in the sales of electric bikes market globally. The customers prefer to test ride the bikes at the time of purchase and also want to have servicing done in their locality which only possible through retail distribution.

Electric Bike Segment Analysis By Region

Asia-Pacific accounted for highest revenue share region in global e-bike Market. Countries in Asia Pacific are showing promising growth e-bikes market. China is the largest consumer of e-bikes, thus increasing the sales of Asia-Pacific region. Moreover, reflecting the difference in the cost of the battery, e-bikes in China are much less expensive as low as USD 167. China is the most important market for electric bikes industry worldwide.

Asia Pacific E-Bike Market Revenue (USD Million), 2015-2026

Furthermore, Japan has seen steady annual sales of about 500,000 for several years, also the e-bike market in Korea, Taiwan and other East Asian countries appears to be growing.

Asian countries are the largest manufacturers of e-bikes. Approximately 83.2% of all imported e-bikes for the European Union originate in China. Also, Japan is Europe’s second top-most supplier with around 31,000 units of total imports. Presence of developing nations, rising population, government initiatives, ever increasing pollution low cost will propel the market of e- bike in the region.

Global E-bike Market Competitive Landscape

Global E-bike Market study is moderately competitive, with a considerable number of regional and global players. The key strategies adopted by these firms include expansions, mergers, partnerships and product innovations.

Key Players

  • YADEA
  • SUNRA (Jiangu Xinri e-vehicle co. ltd.)
  • Mahindra & Mahindra Limited (genZe)
  • Trek Bicycles Corporation
  • Yamaha Motor Company
  • Accell Group
  • Derby Cycle
  • Fujita
  • Giant Manufacturing Co. Ltd.
  • Pedego Electric Bikes
  • Pon Bikes
  • Tianjin Golden Wheel Bicycle Group Co. Ltd.
  • Incalcu
  • AIMA
  • Merida
  • Specialized Bicycle Components, Inc.

Diversification of its products with new types of technologies gives a competitive edge to the principal market players in Global E-bike Market. Furthermore, smaller players are widely involved in developing innovative products while larger players are mostly involved in expanding their market reach.

Recent Developments

  • May 2021 – Mahindra and Mahindra merges with Mahindra Electric, with enhanced focus on electric vehicles. It will bring the entire value chain under one umbrella.
  • March 2021 – Redwood material and Specialized teamed up to solve the problem of battery recycling for E-Bikes. With this partnership Specialized aims at a revenue growth in the future.
  • September 2020 – Sparta launched d-Burst, a powerful new speed pedelac. With this launch Sparta is targeting a new group of commuters who cycle between their work place and home.

Table of Content

  1. Introduction
    • Market Introduction
    • Market Research Methodology
      • Research Process
      • Primary Research
      • Secondary Research
      • Data Collection Technique
      • Data Sources
    • Market Estimation Methodology
      • Limitations of the Study
    • Product Picture of E-Bike
    • Global E-Bike Market: Classification
    • Geographic Scope
    • Years Considered for the Study
    • Research Methodology in brief
    • Parent Market Overview
    • Overall E-Bike Market Regional Demand
    • Research Programs/Design
    • Market Breakdown and Data Triangulation Approach
    • Data Source
    • Secondary Sources
    • Primary Sources
    • Primary Interviews
    • Average primary breakdown ratio
  2. Market Dynamics
    • Drivers
      • Drivers
    • Restraints
      • Restraints
    • Opportunity
      • Impact forces on market dynamics
      • Impact forces during the forecast years
    • Industry Value Chain
      • Upstream analysis
      • Downstream analysis
      • Distribution Channel
      • Direct Channel
      • Indirect Channel
    • Potential Customers
    • Manufacturing/Operational Cost Analysis
    • Pricing Analysis by Region
    • Key Technology Landscape
    • Regulatory Analysis
    • Porter’s Analysis
      • Supplier Power
      • Buyer Power
      • Substitution Threat
      • Threat from New Entry
      • Competitive Rivalry
    • PESTEL Analysis
    • Political Factors
    • Economic Factor
    • Social Factors
    • Technological Factor
    • Environmental Factors
    • Legal Factor
    • Covid-19 impact on Global Economy
    • Covid-19 impact on E-Bike demand
    • Post-Covid Impact on E-Bike Market Demand
    • Impact Analysis of Russia-Ukraine Conflict
  3. Global E-Bike Market Segmentation, by Volume (Units) & Revenue (USD Billion), (2022-2030)
    • By Type
      • Throttle Mode
      • Peddle Assisted Bike
    • By Battery Type
      • Lithium Ion Battery Electric Bike
      • Lead- Acid Battery
      • Others
    • By Application
      • City/ Urban
      • Cargo
      • Mountain/ Trekking
    • By Sales Channel
      • Retail Distribution
      • Direct Sale
  1. Global E-Bike Market Overview, By Region
    • North America E-Bike Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
      • US
        • By Type
        • By Battery Type
        • By Application
        • By Sales Channel
      • Canada
      • Mexico
    • Europe E-Bike Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
      • France
      • UK
      • Spain
      • Russia
      • Italy
      • BENELUX
    • Asia Pacific E-Bike Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
      • China
      • Japan
      • Australia
      • South Korea
      • India
      • ASEAN
  1. Latin America E-Bike Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
    • Brazil
    • Argentina
    • Chile
  2. Middle East and Africa E-Bike Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
    • GCC
    • Turkey
    • South Africa
  3. Global E-Bike Market Revenue: Competitive Analysis, 2021
    • Key strategies by players
    • Revenue (USD Billion and %), By manufacturers, 2021
    • Player Positioning by Market Players, 2021
  4. Competitive Analysis
    • YADEA
      • Business Overview
      • Business Financials (USD Million)
      • Product Category, Type, and Specification
      • Main Business/Business Overview
      • Geographical Analysis
      • Recent Development
      • Swot Analysis
    • SUNRA (Jiangu Xinri e-vehicle co. ltd.)
    • Mahindra & Mahindra Limited (genZe)
    • Trek Bicycles Corporation
    • Yamaha Motor Company
    • Accell Group
    • Derby Cycle
    • Fujita
    • Giant Manufacturing Co. Ltd.
    • Pedego Electric Bikes
    • Pon Bikes
    • Tianjin Golden Wheel Bicycle Group Co. Ltd.
    • Incalcu
    • AIMA
    • Merida
    • Specialized Bicycle Components, Inc.
  1. Market Research Findings & Conclusion

Disclaimer

Research Methodology

The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.

Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.
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