Asia Pacific Electric Bike Market Share 2022, Size, Growth and Forecast to 2027

According to IMARC Group latest published report, The Asia Pacific e-bike market size reached US$ 12.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2027, exhibiting at a CAGR of 7.0% during 2022-2027.

E-bikes, also called electronic bikes, are battery-powered bicycles comprising an electric motor, battery, and a drivetrain. These bikes primarily use lead-acid batteries that enable them to cover long distances on a single charge. As a result, e-bikes have emerged as an ecologically sustainable mode of transportation as they help in reducing the carbon emissions.

Market Trends

In the Asia Pacific region, the rising consumer concerns towards the depletion of conventional fossil fuels and soaring fuel prices are primarily driving the demand for e-bikes. Furthermore, the implementation of favorable regulations by several government bodies across China, Japan, South Korea, Thailand, etc., for reducing carbon emission levels from fuel-based vehicles has also propelled the market growth.

Additionally, numerous regional companies are emphasizing on the integration of e-bikes with advanced technologies, such as Internet-of-Things, GPS, AI, etc., which have led to various product innovations. The emergence of smart e-bikes that are wirelessly connected to software applications for displaying bike speed, battery status, power levels, and distance covered, will continue to further catalyze the market growth in the Asia Pacific region.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

The report has segmented the market on the basis of Mode, Motor Type, Battery Type, Class, Design, Application and Country.

Market Breakup by Mode:

Throttle
Pedal Assist

Market Breakup by Motor Type:

Hub Motor
Mid Drive
Others

Market Breakup by Battery Type:

Lead Acid
Lithium Ion
Nickel-Metal Hydride (NiMH)
Others

Market Breakup by Class:

Class I
Class II
Class III

Market Breakup by Design:

Foldable
Non-Foldable

Market Breakup by Application:

Mountain/Trekking Bikes
City/Urban
Cargo
Others

by Country:

China
Japan
India
South Korea
Australia
Indonesia
Others

For more information about this report visit: https://www.imarcgroup.com/asia-pacific-e-bike-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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