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E-bike Market segmented by product type (Scooter, Motorcycle, Pedelecs, etc.), Battery type (Lithium-ion, Nickel-metal Hydride, Lead Acid), Mechanism (Hub Motors, Mid-Drive, others), Demand analysis & Region, Industry Forecast | 2022 to 2027

Published: January, 2022
ID: 9783
Pages: 175

Market overview:

The global E-bike market size is expected to reach up to US$ 23.83 billion by 2026 from US$ 15.42 billion in 2021, garnering a CAGR of 6.21% during the forecast period 2022 - 2027. The E-bike is a bicycle, motorcycle or scooter with an integrated electric motor for the drive without any pollution.

The electric bike is classified base on of power of electric motor, speed, battery type, conversion kits & some other categories. E-bike market estimated that class -1 is the largest segment in the global market. These electric bikes are environment friendly and do not create pollution. Other vehicles are now available for transportation and daily use, for example, E-bus, E-4 wheelers, etc. 

In the electric bike market, batteries are highly-priced that cannot be afforded by all people. Also, these bikes run on different types of cells that require frequent charging. For the charging of electric bike, the challenge in front of the companies is less number of charging station and land. There is less number of charging stations in every country. 

E-bikes are considered to feasible transportation option due to its power capacity, moderate speed. In 2019, two electric scooters were launched in the Indian market, ETRANCE & EPLUTO with long-range 120km/charge. The Indian government has published that it would become a 100% electric vehicle nation by 2030. Based on government subsidies, demand from consumers, GDP growth, also urbanization the market forecasted the growth.  

Recent Development:

In 2019, Gurugram based electric 2-wheeler manufacturing company invested Rs.200 crore in setting up a second largest manufacturing plant in Rajasthan, that is Okinawa Autotech.

In 2019, Swiss e-bike group buys Protanium & Diavelo from Accell, the purchasing company (Protanium GmbH) acquired the license to the Protanium in-frame battery technology and also Accell retains ownership of the technology. 

In 2018, Hero Cycles Ltd. & Yamaha Motor Co. Ltd signed a joint venture, also trading, investment enterprise with Mitsui & Co. Ltd. of Japan. The main focus is the development of e-mobility products, manufacturing, marketing of a new range of e-bikes. In 2019, they launched the electric cycle in the domestic market.

4. Mercedes-Benz has decided to start the company’s first full E-car in India soon.

Drivers:

Cycling is beneficial for physical & mental health. Tourists prefer e-bikes for self-driving, even though they have no licensing requirements. Many of the cities provide awareness about the use of e-bike for transportations in cities, office places, etc. E-bikes have low carbon emission, and it can also be charged on solar power. The countries like China is facing the traffic problem in crowded places, and the government takes the initiative for manufacturing of e-bike as a solution, for reducing pollution and traffic.

Restraints:

E-bikes show continuous innovation, growth, & development. The primary concern is that the e-bike is the battery. These batteries are made of lithium-ion; due to this, they have a limited life span. There are limited companies that produce this type of batteries & the cost, and maintenance is more effective.

Market segmentation:

The E-bike market segmentation depends upon the product type as motorcycle, scooter, pedelecs. The pedelecs market is highly dominating with the adoption rate increasing rapidly. This is because of the speed difference & power. Global pedelecs market is growing at CAGR of 7.74% during 2018-2022, owing to the high demand for eco-friendly transportation of e-bike. E-scooter is adopted among the young population and the sale of e-scooter increases in the middle-class community in developing countries. The scooter is affordable for transportation. There is an increase in urbanization and move from one to another, which will increase the opportunity of e-bike. 

Based on battery type, Lithium-ion battery, lithium-ion polymer battery, lead-acid battery & others are notable. Lithium-ion batteries are of lightweight, low cost and high capacity. These are 12 or 18 amp hour batteries. The lead-acid battery is having a low cost & easy to recycle.

Depending upon the mechanism, hub motors and mid-drive are the main variants. The hub motors are leading in the market for e-bikes. Hub motors are heavy, and they are used as per the application in e-bikes. It degrades the greenhouse gas emission in the environment.

Geographical Overview:

The global electric bike market is analyzed in areas like North America, Europe, Japan, Asia Pacific and Others. Lithium-ion batteries & lead acid battery always represent the largest segment of e-bike sale. China is a leading player in the e-bike market for low cost & popularity. In 2019, China contributed around 84% of the overall revenue in the Asia Pacific. The adoption of nickel batteries is augmenting in the Europe & North America nations. 

The Asia Pacific region is the most dominating in the global electric bicycle market. The government of India is taking initiatives for e-bike manufacturing in its domestic market. The government of the nation also announced the financial support & schemes, and their subsidy. The growth in this area is accelerated because of an increase in the number of e-scooter manufacturing & their charging infrastructure, investments in some countries such as Taiwan, India etc. There is a rising demand for an e-bike in this Germany, France, Netherlands & the UK in the European area. 

Competitor Scenario:

The companies like Yamaha Motor Pvt Ltd and Mahindra applied their strategies in the market to expand their fleets to national as well as in international market the companies launched their e-bike & also invested in the installation of charging stations infrastructure in various countries. 

Major players in the Market:

  • Giant Manufacturing Co. Ltd.
  • Merida Industry Co. Ltd.
  • Leader 96
  • BH Bikes
  • Pedego Electric Bikes
  • Yamaha Motor Co.
  • Accell Group N.V
  • Energica Motor Co.
  • Mahindra & Mahindra Ltd.
  • Robert Bosch GmbH  

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 E-bike Market, By Product Type                 

                    6.1.1 Scooter

                    6.1.2 Motorcycle     

                    6.1.3 Pedelecs        

                    6.1.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 E-bike Market, By Battery Type                  

                    6.2.1 Lithium-ion   

                    6.2.2 Nickel-metal Hydride         

                    6.2.3 Lead Acid      

                    6.2.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.5 Y-o-Y Growth Rate Analysis         

                    6.2.6 Market Attractiveness Index         

          6.3 E-bike Market, By Mechanism          

                    6.3.1 Hub Motors   

                    6.3.2 Mid-Drive      

                    6.3.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.4 Y-o-Y Growth Rate Analysis         

                    6.3.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Product Type       

                    7.2.3 By Battery Type        

                    7.2.4 By Mechanism

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Product Type       

                    7.3.3 By Battery Type        

                    7.3.4 By Mechanism

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Product Type       

                    7.4.3 By Battery Type        

                    7.4.4 By Mechanism

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Product Type       

                    7.5.3 By Battery Type        

                    7.5.4 By Mechanism

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Product Type       

                    7.6.3 By Battery Type        

                    7.6.4 By Mechanism

8. Key Player Analysis                           

          8.1 Giant Manufacturing Co. Ltd.          

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Merida Industry Co. Ltd.                 

          8.3 Leader 96                   

          8.4 BH Bikes           

          8.5 Pedego Electric Bikes            

          8.6 Yamaha Motor Co.                

          8.7 Accell Group N.V                  

          8.8 Energica Motor Co.               

          8.9 Mahindra & Mahindra Ltd.               

          8.10 Robert Bosch GmbH            

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  1. Global E-bike Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global E-bike Market By Product Type, From 2022 - 2027 ( USD Billion )
  3. Global Scooter Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Motorcycle Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Pedelecs Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global E-bike Market By Battery Type, From 2022 - 2027 ( USD Billion )
  7. Global Lithium-ion Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Nickel-metal Hydride Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Lead Acid Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global E-bike Market By Mechanism, From 2022 - 2027 ( USD Billion )
  11. Global Hub Motors Market By Region, From 2022 - 2027 ( USD Billion )
  12. Global Mid-Drive Market By Region, From 2022 - 2027 ( USD Billion )

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