E-bike Market Top Key Players - Yamaha Motor Corporation, Giant Manufacturing Co., Ltd, Accell Group N.V, Aima Technology Group Co., Ltd, Yadea Group Holdings Ltd, TREK BIKES

The global E-bike market is estimated at $XXM in 2020, growing at double digits till 2025. Electric bikes are giving the market for two-wheeled transport a big jolt. The pandemic that has boosted demand for bicycles also looks set to accelerate the shift to battery-assisted pedalling. As in the automobile market, though, the change is disruptive. Established players will have to make room for new upstarts.

E-bike racing is beginning to look more and more like the Next Big Thing in competitive cycling although, as of now, it is limited to mountain, cross-country bikes and enduro cycling. The first stage of the first-ever UCI E-Mountain Bike Cross Country World Cup was run near Monaco starting 2019. But, with the UCI patronage, this race looks to have a long and prosperous future. In addition, the Enduro World Series (also with the patronage of the UCI) has added e-bike racing to its annual events schedule.

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GLOBAL E-BIKE MARKET DYNAMICS

Compared to conventional bicycles, currently, the overall demand for e-bicycles is evolving and is expected to become mainstream during the forecasted period.

The ability of e-bicycles to manage the overall speeds more adequately, provides the rider with a comfortable drive on overpasses, mountain areas, and tough roads, thus paving the way to the sales of the e-bicycle market.With the gaining conscious for being fit and healthy, E-bikes provide a perfect alternative to gyms keeping in mind the current COVID-19 situation, they also provide a sense of recreational purpose.

E-BIKE MARKET TRENDS

The popularity of dockless bicycle-sharing systems has been rising lately. This system allows users to locate a bicycle nearby and unlock it electronically. Incepted originally in Europe, dockless bicycle-sharing systems are gaining popularity, particularly in Asian nations, including India and China.
Furthermore, recent advances in mobile app development and global positioning system (GPS) have resulted in app-based dockless bicycle-sharing systems.

The growing adoption of such dockless bicycle-sharing systems is expected to fuel the demand for cycles significantly. Chinese bicycle-sharing companies are particularly investing and expanding their operations aggressively in European nations to capitalize on the market opportunities, which is expected to boost market growth further over the forecast period.

COVID-19 IMPACT ON E-BIKE MARKET

The United Kingdom bike industry’s e-bike sales growth stalled in Q1 and during the country’s COVID-19 lockdown. The industry urged the government to provide financial incentives for e-bike purchases and create a public awareness campaign to encourage e-bike sales.

Covid-19 has provided a further spark. E-bikes appeal to commuters who are keen to avoid public transport, but don’t want to dress head-to-toe in Lycra and treat their journey to work like a stage of the Tour de France. Manufacturers have struggled to keep up with demand. VanMoof, a Dutch firm which makes futuristic e-bikes that sell for around 2,000 euros each, is planning to double its manufacturing capacity to 12,000 vehicles a month by the end of this summer.

US E-BIKE MARKET

By 2019, a large chunk of imports shifted away from very few companies who sold primarily through Amazon under various brands. Instead, a large portion of overall imports is now going to consumer-direct e-bike specialists, brick and mortar e-bike specialists (EBDs), and conventional bicycle brands.

And now the US is expected to more than double that import figure to as many as 600,000 e-bikes this year owing to the increase in demand in the present market for e-bikes.

NEW PRODUCTS DEVELOPED IN E-BIKE MARKET

• Lime electric bike batteries recycled into speakers: British sustainable design company Gomi is giving 50,000 Lime e-bike batteries a second life by recycling them into zero-waste portable Bluetooth speakers. The limited-edition portable speaker will be available for 30 days on Kickstarter, from 2nd March, priced from £99.June 2020

o The British motorcycle brand Triumph unveiled its first e-bike, an aluminium-frame model that will retail for about $3,750. Damaged Lime e-bike battery cells which would otherwise have been recycled power 100% of the speakers, and the marbled casing is created using 100% recycled plastic waste, which has been saved from landfill.

COMPETITIVE LANDSCAPE

The e-bike market is extremely fragmented, with the major players holding a low share of the total market share. Some of the major market players are Giant Bicycles, Merida, Trek Bikes, Riese & Muller, and Fritzmeier Systems GmbH & Co. Kg (M1 Sporttechnik).

The new players are also attracting different investors. In May, VanMoof raised 12.5 million euros from venture capital firm Balderton and Taiwan’s SINBON Electronics. Belgian startup Cowboy’s backers include Tiger Global Management and Index Ventures.

COMPANY PROFILES

Yamaha Motor Corporation
Giant Manufacturing Co., Ltd
Accell Group N.V
Aima Technology Group Co., Ltd
Yadea Group Holdings Ltd
TREK BIKES
MERDIA INDUSTRIES Co.Ltd

Read More Information: https://mobilityforesights.com/product/e-bike-market/

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