E-Bike Market Future Developments, Business Insights, End Users, Application and Forecast To 2025

Asia Pacific is expected to account for a significant size in the e-bikes market over the forecast timeframe. This can be credited to rising traffic congestion in multiple countries across the region. Moreover, the presence of multiple e-bike players offering diversified models at varied price range further expands the e-bike market share over the study timeframe. Supporting government initiatives including the Faster Adoption and Manufacture of Hybrid and Electric Vehicles (FAME) initiative offering subsidies and incentives for promoting the sales further expands the regional growth over the study timeframe.

The absence of a clutch and the non-requirement to change gears are providing a positive outlook for the e-bike market expansion over the projected timeframe. The minimum engagement in the bikes by customers enables for easier driving over long distance without fatigue. Moreover, the absence of complex motors and mechanical components contribute towards lower maintenance requirements, thereby boosting the e-bikes market share over the study timeframe.

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Industry participants are continuously investing in R&D to develop advanced technologies for e-bikes with a focus on improving efficiency and increase the e-bike market share. For instance, in 2018, Yamaha Motor Co., Ltd. introduced a 600Wh inTube Multi Location battery for Electrically Power Assisted Bicycles (EPACS) with a focus on improving the overall design associated with the e-bikes. Moreover, the dual integration including vertical and horizontal coupled with lower weight are expected to boost the e-bike market revenue.

The higher costs associated with the acquisition of e-bikes coupled with the limited driving range are some of the factors limiting the e-bike market size over the study timeframe. The limited network of charging infrastructure coupled with the requirement for higher charging time for operating such e-bikes further restricts the market growth. However, industry players are incorporating advanced fast charging technologies in their e-bikes that enables consumers to quickly charge their bikes in a limited time period and travel over long distance.

Major Industry Player:-
• Yamaha Motor Corporation
• Aima Technology Group Co., Ltd
• Giant Manufacturing Co., Ltd
• Yadea Group Holdings Ltd
• Accell Group N.V
• Derby Cycle
• Karbon Kinetics Limited (KKL)
• Jiangsu Xinri E-Vehicle Co., Ltd.
• Pedego Electric Bikes
• Moustache Bikes
• NYCeWheels
• Jiangsu Xinri E-Vehicle Co. Ltd.
• Tajima EV
• Robert Bosch GmbH

E-Bike Market is anticipated to witness a significant growth over the projected period owing to stringent government regulations for reducing carbon emissions and rising conventional fuel costs. Additionally, the shifting consumer trends towards opting for vehicles with superior efficiency and lower maintenance are accelerating the demand for such bikes. Increasing traffic congestion across the globe along with easier maneuverability owing to compact dimensions are expected to positively influence the e-bike market size.

Based on class, the e-bike market is segmented into pedal and throttle assisted. The growth in the pedal assisted e-bike can be attributed to the availability of both pedals and motors for assisting in bike riding operations. Moreover, the availability of multiple driving mode settings including low, medium, and high assist depending on the user requirements along with minimum usage of electricity further expands the segment share. The throttle assisted e-bikes will account for a considerable share on account of easier riding capabilities along with the ability to travel over long distance without feeling fatigue.

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The e-bike market size based on drive mechanism is segmented into hub motor, mid drive and others. The hub motor is expected to account for the maximum share owing to simpler mechanical design and lower costs associated with its construction. The driving mechanism allows a wheel of the bicycle to be replaced with another wheel with hub motors mounted on it thus, providing power. The lower maintenance costs coupled with independent drive mode are expected to boost the business share.

Based on battery the e-bike market is categorized into lithium ion (Li-ion), lead-acid, and nickel-metal hydride (NiMh). The lithium ion batteries are anticipated to witness a significant growth in the market owing to its higher capacity and lower weight structure compared to the counterparts. The higher energy density coupled with reduced maintenance requirements and self-discharge rate are expected to positively influence the market growth.

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