The global e-bike market size is projected to grow to USD 70.0 billion by 2027 from USD 41.1 billion in 2020, at a CAGR of 7.9%. Government support and initiatives to increase the sale of e-Bike would drive the global e-Bike market.
Class-III e-Bike is estimated to be the fastest-growing e-Bike market globally.
Class-III e-bikes have a potential solution for car replacement to avoid traffic and reduce emissions.Therefore, the market for Class-III e-bikes is expected to grow during the forecast period.
Class-III e-bikes currently don’t have in the Asia Pacific region.Whereas, in Europe, Switzerland is the largest market for Class-III e-bikes, followed by Belgium and Italy.
The North American region presently has a limited penetration of Class-III e-bikes, with only six states authorizing their operation. Also, Class-III e-bikes in both Europe and North America have a minimum age restriction of 16 years.
Folding and fat-tire e-Bike is estimated to be the fastest-growing e-Bike market globally.
Folding e-Bike is becoming a popular choice among almost urban commuters.Major conventional bicycle manufacturers are also launching their e-bike with the latest technology and innovative design in the Indian market.
For instance, in the 2020 Auto Expo, Hero Cycle its e-bikes lineup, which includes a folding bike (Easy Step, a straphanger), and an electric fat bike (Essentia).Presently, the market for folding and fat-tire e-Bikes is limited in Asia Pacific, Europe, and North America.
However, we expect the market for folding and fat-tire e-Bike to be the fastest-growing e-Bike market globally over the forecast period. North America is expected to be the fastest-growing market globally. Currently, the North American region has a minimal presence of e-bike manufacturers, resulting in a limited market for e-bikes.However, public awareness about e-bikes and the involvement/ interest of traditional bicycle brands towards e-Bike has created a buzz about e-bikes in the market.
Pedego Electric Bikes and Trek Bicycle Corporation are the major manufacturers of e-bikes in North America. Therefore, over the forecast period, North America is expected to be the fastest-growing market.
The breakup of primary respondents • By Company: OEM - 70%, Tier 1 - 30% • By Designation: Director level - 30%, C-Level Executives - 60%, Others - 10% • By Region: Asia Pacific- 50%, Europe - 20%, North America - 30%
The e-Bike market is dominated by global players and comprises several regional players. The key players in the e-Bike industry Accell Group N.V. (Netherlands), Pon.Bike (US), Merida Industry Co., Ltd. (China), Giant Manufacturing Co., Ltd. (Taiwan), and Yamaha Motor Corporation (Japan). The study includes an in-depth competitive analysis of these key players in the e-Bike market with their company profiles, SWOT analysis of the top five companies, recent developments, and key market strategies.
Research Coverage The report covers the e-Bike market by Class (Class-I, Class-II, Class-III), Battery Type (Lithium-ion, Lithium-ion polymer, Lead Acid, Others), Motor Type (Mid, Hub), Mode (Throttle, Pedal Assist), Usage (Mountain/Trekking, City/Urban, Cargo, Others) , Speed (Up to 25 KMPH, 25-45 KMPH), and Region (Asia Pacific, Europe, North America. This report also captures industry analysis and company profiles, highlighting emerging and high-growth segments of this market, SWOT analysis, competitive landscape, competitive leadership mapping, and market dynamics (drivers, restraints, opportunities, & challenges).
Key Benefits of Buying the Report: The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall e-Bike market and the subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
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172 pages •
By Asia Market Information & Development Company
• Feb 2021
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