The e-bike market size will be worth around US$40.98 billion per

Tokyo, 07 Feb. 2022 (GLOBE NEWSWIRE) — The world electric bike market was valued at US$17.56 billion in 2021. Electric bicycles are considered a flexible and environmentally friendly mode of transportation. Customer perception of e-bikes is that they are an ideal substitute for smart cars, scooters and public transport. These bikes help to fight traffic jams, due to the compact size of the bikes and can achieve high speed with minimal effort and they also provide health benefits due to the act of peddling. These factors are increasing the popularity of e-bikes across the world.

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Global Electric bike Marlet Report Highlights:

  • Asia-Pacific captured the major revenue share along with a consumption share of over 90% in 2019. Large production of e-bikes in China is the major factor driving the market growth in the region.
  • Based on speed, up to 25 km/h is the most opportunistic segment due to the lack of regulations applied to the use of the electric bicycle in the speed range below 25 km/h. In 2020, the up to 25 km/h segment dominated the market with approximately 66.62% share in terms of total market revenue. Additionally, up to 25 km/h is expected to grow at the highest CAGR of 9.59% during the forecast period from 2021 to 2030.
  • Based on battery typeLi-ion are the most lucrative segment that records the fastest growth over the analysis period due to many ongoing researches to improve battery performance and reduce its overall operating cost and battery size. drums.
  • By class, in 2020, the class 1 segment dominated the market with around 45.80% share in terms of total market revenue. Additionally, Class 1 is expected to grow at the highest CAGR of 9.80% during the forecast period of 2021 to 2030.
  • Through type of engine, in 2020, the hub segment dominated the market with approximately 77.28% revenue share of the total market. On the other hand, mid-drive is expected to grow at the highest CAGR of 10.81% during the forecast period from 2021 to 2030.
  • Through mode, in 2020, the pedal assist segment led the market with approximately 43.86% share in terms of total market revenue. Additionally, pedal assist is expected to grow at the highest CAGR of 10.05% during the forecast period of 2021 to 2030.
  • Through aapplication, in 2020, the city/urban segment dominated the market with approximately 60.71% revenue share of the total market. On the other hand, mountain/hiking is expected to grow at the highest CAGR of 10.20% during the forecast period of 2021 to 2030.

Electric bicycle market revenue share, by class, 2020 (%)

By class 2020 (%)
Class 1 45.80 %
Class 2 21.98 %
Class 3 32.22 %

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COVID-19 impact analysis:

  • The automotive industry was hit hard due to the COVID-19 outbreak in 2020 and saw an almost 20% decline in automotive sales
  • The mobility services sector was among the industries hardest hit by the coronavirus pandemic, as the mass transit system and Uber saw a decline in ridership of around 90% to 70%
  • Although the automotive sector is struggling during this pandemic period, the electric bicycle (e-bike) industry is expected to see promising growth in the near future.
  • Europe’s e-bike import figure slightly impacted in the first four months of the COVID-19 outbreak with a decline of almost 3%

Global Electric bike Marlet News:

  • In March 2021, SUNRA introduced a new electric bike for riders who want more, more distance, more labor saving, more style and more fun. All Sunra e-bikes are designed with pedal assist motors located in the same area as your pedals. They feel natural while pedaling, are easy to shift on hills, and provide a smooth, consistent power boost with every pedal stroke you take.
  • In May 2019, Giant Manufacturing announced joining a ConnectBike B2B platform. Under this project, the company will develop more than 300,000 e-bikes to provide a connected bike-sharing platform in the Netherlands and Belgium by 2022.
  • In April 2019, Accell Group signed a contract with a Dutch hotel chain for the delivery of 1,300 Sparta e-bikes via B2B partner Zilt bikes. Fletcher Hotels will use the e-bikes, painted in its corporate colors, to expand its rental portfolio.
  • In July 2018, Giant Bicycle released its new eMTB models for model year 2019, the Trance E+ and Stance E+. These models are more based on the traditional Trance and Stance mountain bikes which makes their line more coherent. The bikes are called Trance E+ and Stance E+ respectively.
  • In August 2017, German e-bike manufacturer Derby Cycle introduced four new e-bike model families Endeavor (Trekking), Entice (Cross), Image (City) and Berleen (Urban) under its Kalkhoff brand. The new electric bike is integrated with the central motor and the fully integrated battery

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Key players

The major players operating in the electric bicycle market are Accell Group, Derby Cycle, Fuji-ta Bicycle Co. Ltd., Giant Manufacturing Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Mahindra & Mahindra Ltd. (GenZe), Prodecotech LLC, Tianjin Golden Wheel Group Co., Ltd., Trek Bicycle Corporation, Yamaha Motor Co. Ltd.

The global e-bike market research report categorizes the market as follows:

By class

By speed

By battery type

  • Li-ion
  • Nickel metal hydride (NiMH)
  • lead-acid
  • Others

By engine type

By modes

  • pedal assist
  • Throttle Lever
  • Others

By request

  • Mountain/hiking
  • City/Urban
  • Cargo
  • Others

By regional perspectives

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa (MEA)

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