E-Bike Market Demand and Growth Analysis with Forecast up to 2025
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Yamaha Motor Corporation
2. Aima Technology Group Co., Ltd
3. Giant Manufacturing Co., Ltd
4. Yadea Group Holdings Ltd
5. Accell Group N.V
6. Derby Cycle
7. Karbon Kinetics Limited (KKL)
8. Jiangsu Xinri E-Vehicle Co., Ltd.
9. Pedego Electric Bikes
10. Moustache Bikes
12. Jiangsu Xinri E-Vehicle Co. Ltd.
13. Tajima EV
14. Robert Bosch GmbH
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.
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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.
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