The global e-bike market reached a value of US$ 20.1 Billion in 2020. An e-bike or electronic bicycle is a standard bicycle which is equipped with an electric motor, a battery and a drivetrain. The bike can be moved through pedaling or can run on rechargeable batteries. They majorly used Lead acid batteries and can cover long distances with a single charge. E-bikes are simple to operate, convenient for all age groups and are an economical alternative as an environment-friendly means of transportation, in comparison to motored vehicles.
The growing popularity of cycling as a recreational activity is one of the key factors driving the market growth. Cycling has numerous physical and mental health benefits such as improved cardiovascular fitness, muscle strength and flexibility along with the reduced risk of stress and depression. The young population is increasingly opting for various adventure sports, which is providing a boost to e-bike sales. Furthermore, the thriving tourism industry is another factor catalyzing the growth of the market. Tourists are opting for e-bikes as a self-driving alternative to commute as it is economical and enables effortless riding. The growing environmental consciousness and rising urban air pollution have led individuals to switch to electric vehicles such as e-bikes that have low carbon emissions and can be charged through solar power. Moreover, various product innovations such as the introduction of hydrogen-powered bikes and Smart E-Bike Monitoring System (SEMS), along with the increasing demand for pedal assisted or pedelec bikes, are also contributing to the market growth. Looking forward, the analyst expects the global e-bike market to exhibit moderate growth during 2021-2026.
Report Coverage: Historical, Current and Future Market Trends
Market Breakup by Mode: Throttle Pedal Assist
Market Breakup by Motor Type: Hub Motor Mid Drive Others
Market Breakup by Battery Type: Lead Acid Lithium Ion Nickel-Metal Hydride (NiMH) Others
Market Breakup by Class: Class I Class II Class III
Market Breakup by Design: Foldable Non-Foldable
Market Breakup by Application: Mountain/Trekking Bikes City/Urban Cargo Others
Market Breakup by Region: Asia Pacific Europe North America Middle East and Africa Latin America
Competitive Landscape: The report has also analyzed the competitive landscape of the market with some of the key players being Accell, BionX, Robert Bosch GmbH, Yamaha Motor Company, Derby Cycle, Giant Bicycles, Klever Mobility, Merida Industry Co. Ltd, Samsung SDI Co, Continental AG, Prodecotech LLC, Fuji-ta, Trek Bicycle Corporation, Pedego Electric Bikes, Shimano, etc.
Key Questions Answered in This Report 1. What was the global e-bike market size in 2020? 2. What will be the global e-bike market outlook during the forecast period (2021-2026)? 3. What are the global e-bike market drivers? 4. What are the major trends in the global e-bike market? 5. What is the impact of COVID-19 on the global e-bike market? 6. What is the global e-bike market breakup by mode? 7. What is the global e-bike market breakup by motor type? 8. What is the global e-bike market breakup by battery type? 9. What is the global e-bike market breakup by class? 10. What is the global e-bike market breakup by design? 11. What is the global e-bike market breakup by application? 12. What are the major regions in the global e-bike market?
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