E-Bike Market with Top Countries Data: Emerging Technologies, Sales Revenue, Driving Factors, Distributors, Development Status, Opportunity Assessment and Industry Expansion Strategies 2027

The e-bike market accounted to US$ 35,862.5 Mn in 2018 and is expected to grow at a CAGR of 23.6% during the forecast period 2019 - 2027, to account to US$ 224,014.2 Mn by 2027.

The growing interest in the bicycle's role in Western urban transport systems. Combining more bicycle-friendly cities with rapid advances in technology has resulted in a dramatic increase in the purchase and use of e-bikes. Improved battery and motor technology, component modularity, as well as economies of scale improvements have meant e-bikes can now travel longer distances, are faster, and are more affordable than ever. A key benefit of e-bikes is that they can maintain speed with less effort. This helps to overcome some of the most commonly cited barriers to traditional bike riding. Bicycle riders suggest that the increased speed and reduced physical exertion are motivating factors for e-bike purchase, allowing riders to arrive at their destination in a comfortable state. The growing acceptance of bike-sharing services is expected to create new opportunities for the global E-bike market during the forecasted period.

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The global market for the E-bike market is segmented based on parameters such as battery type, motor type, class, mode, and geography. Based on battery type, the lithium-ion segment dominates the E-bike market heavily and is expected to dominate the market in the forecast period from 2019 - 2027. On the basis of motor type, the hub motor segment led the market in 2018 with a maximum market share and is expected to continue its dominance during the forecast period. Further, based on class, the class II segment led the market with the maximum market share. Furthermore, on the basis of mode, the throttle mode segment led the market with the highest market share in the year 2018. Key players operating in the market are partnering with the small as well as large and other companies which are helping them to gain customer traction. The major companies offering the E-bike market include Haibike, Aventon Bikes, Giant Bicycles, Merida Industry Co., Ltd., Pedego Electric Bikes, Robert Bosch GmbH, Specialized Bicycle Components, Inc., Shimano Inc., Trek Bicycle Corporation, and Yamaha Motor Co., Ltd among others. Many firms are focusing on investing hugely for battery chemistries and enhancing its capabilities and expanding its footprint in various geographies, which is facilitating the market to propel over the years.

The European E-bike Market is witnessing remarkable growth for commercial applications. Germany is home to a large number of automobile manufacturing facilities, which are constantly focusing on the development of electric vehicles. Further, economically strong countries such as the UK, Spain, the Netherlands, and Italy are instrumental in the development of e-bikes. The automotive sector plays a vital role in growth in the prosperity of the region, with a considerable contribution to the average GDP growth in Europe. The demand for e-bikes in the region is boosting every year; the demand grew by ~35% in 2019, compared to the last year. With the increasing count of e-bikes / electric vehicles, the governments of European countries are making significant developments in their EV charging infrastructure. The presence of these industries is anticipated to influence the E-bike market positively.

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Table of Contents:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. E-Bike Market Landscape

5. E-Bike Market - Key Market Dynamics

6. E-Bike Market - Global Market Analysis

7. E-Bike Market - Revenue and Forecasts to 2027 - Product Type

8. E-Bike Market - Revenue and Forecasts to 2027 - Application

9. E-Bike Market - Revenue and Forecasts to 2027 - Compound

10. E-Bike Market Revenue and Forecasts to 2027 - Geographical Analysis

11. Industry Landscape

12. E-Bike Market, Key Company Profiles

13. Appendix

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