Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market is Expected to Grow at a CAGR of 11.3%

Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market analysis report delivers key data about the product portfolios, product values, company profiles, shares, and contact data for the company. This promotional market research document on the worldwide market also represents all the regions as well as countries across the globe, which showcase a regional manufacturing status, such as volume, market size, value and price details. Additionally, the report also illustrates major prime vendors, associated with their valuable share, value, capacity, company profiles and essential shares engaged by each company. The large scale Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market business report is classified by the primitive players, application, types and geographical areas.

The universal Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market report contains the recent industry status alongside advanced trends that can impact the actual growth rate of the market. This report unfolds fiscal outlook, the analysis of the new product, differentiable business strategies as well as futuristic marketing trends. It also represents a brief summary of sales, revenue share, demand/supply data, and market growth analysis during the predicted period. The recently organized research of this report suggests that the global market is widely responsible to provide significant information on the market status and desirable businesses with respect to each manufacturer. Furthermore, Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market analysis report estimates the market development trends across the different regions of the world.

Data Bridge Market Research analyses that the Japan, South Korea, New Zealand, and Australia Japan, South Korea, New Zealand, and Australia Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) market is expected to reach a value of USD 2,790.87 million by 2030, at a CAGR of 11.3% during the forecast period. The Japan, South Korea, New Zealand, and Australia Japan, South Korea, New Zealand, and Australia Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.     

List of the leading companies operating in the Japan, South Korea, New Zealand, and Australia Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market includes:

Bridgestone Cycle Co,. LTD.
Panasonic Holdings Corporation
Specialized Bicycle Components, Inc.
Giant Bicycles
Aima Technology Group Co., Ltd.
Trek Bicycle Corporation
Karbon Kinetics Ltd.
Ningbo Lvkang Vehicle Co.,Ltd.
SHIMANO INC.
Robert Bosch GmbH
ALTON Sports Co., Ltd
Yamaha Motor Co., Ltd.
TEBCO ELECTRIC BICYCLE COMPANY
smartmotion bikes
CUBE
Hikobike
Cleverley
Dyson Bikes
Electra Bicycle Company
REEF Bikes

Recent Development

In 2017 January, AIMA TECHNOLOGY CO., LTD announced the launch of its new base in Sichuan, China. The new base covered an area of about 15,000 square meters and was used to manufacture electric vehicles. The new base allowed the company to penetrate more into the southwest market.
In 2021 April, ALTON Sports Co., Ltd reported about collaborating with Seoul City Government to supply bike-sharing services and supplies bikes to an e-bike-sharing platform operator. This has helped the company to enhance revenue growth for the company.

Japan, South Korea, New Zealand, and Australia Japan, South Korea, New Zealand, and Australia Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail as below:

DRIVERS

HIGH TRAFFIC CONGESTION IN URBAN CITIES

The population is continuously increasing globally, and with that, the cities are getting highly populated, the boundaries are increasing, and the infrastructure is extending to a larger part covering the outer parts of cities too. With this growing population and increasing area, vehicles have also been on a hike. People prefer driving their cars and motorcycles to take public transport for their conveyance. This has led to high congestion of traffic jams in urban cities, especially during office hours.

RISE IN DEMAND OF GREENER AND CLEANER MODE OF TRANSPORTATION

Motor vehicles have eased the mode of transportation, and individuals can more easily and quickly travel to their desired location. Cars and motorbikes are the most commonly used mode of transportation used daily by most households for commuting purposes; however, these motor vehicles lead to harmful emissions and increase the carbon footprint. This has caused adverse effects on the environment causing global warming and depletion of the ozone layer.

However, people have become more concerned about the environment and are urged to drive environment-friendly vehicles. This increasing need to save the environment from degrading by motor vehicles has led to the growth in the demand for Japan, South Korea, New Zealand, and Australia Japan, South Korea, New Zealand, and Australia Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) market.

OPPORTUNITY

INITIATIVES BY COMPANIES FOR E-BIKE INFRASTRUCTURE

The world of cranes is changing; new age technology is shredding up the paper lift plans of old and replacing them with digital procedures generated in computer programmes. Material handling is the movement, protection, storage and control of materials and products throughout manufacturing, warehousing, distribution, consumption and disposal. As a process, material handling incorporates a wide range of manual, semi-automated and automated equipment and systems that support logistics and make the supply chain work. Material handling equipment serve the needs of various industries including retail, food industry, freight & logistics, construction, wood industry, paper industry, chemical industry and others.

RESTRAINT/CHALLENGE

HIGH COSTS OF PURCHASE AND MAINTENANCE OF E-BIKES

Electric bikes are the easiest mode of conveyance as they offer the extra power of the motor whenever the cyclist needs extra effort to pull the cycle. They are highly economical when compared with vehicles running on fuel. However, the price seems quite high compared to traditional bicycles, both gear and non-gear cycles. The initial cost of an E-bike is high, limiting the market's growth.

Moreover, the maintenance is also high for the E-bikes, as the battery needs to be charged after regular use, and if there is an issue with the battery, a new battery would require. It also consists of a motor and a whole electrical system, which on any issue would require extra investment for maintenance. Moreover, this is associated with the extra cost of buying and the cost of maintenance, which act as a major restraint for the market.

LIMITED DISTRIBUTION CHANNELS

Bicycles have been the most common mode of transportation starting from the younger age individual. These bicycles are available in retailers in most regions quite easily. However, the e-bike market needs to establish new strategies to penetrate deeper into the market and compete with pre-existing non-electric bicycles and other modes of transport.

The lack of distribution channels is the major drawback of the market's growth. The e-bike industry needs to enter into an e-commerce platform. In addition, e-bike manufacturers must focus on omni-channel for better sales of their vehicles. The days are long gone when the revenue increased with more retail shops opening. The companies need to focus on online platforms to distribute their E-bikes.

To Gain More Insights into the Market Analysis, Browse Summary of the Japan, South Korea, New Zealand, and Australia Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market Report@ https://www.databridgemarketresearch.com/reports/japan-south-korea-new-zealand-and-australia-e-bike-market

Japan, South Korea, New Zealand, and Australia Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market Segmentations:

HUB MOTOR LOCATION

MID DRIVE HUB MOTOR
REAR HUB MOTOR
FRONT HUB MOTOR

COMPONENT

BATTERY
MOTOR
FRAME
DISPLAY
TIRE
THROTTLE
LIGHT AND REFLECTOR
OTHERS

BATTERY TYPE

LITHIUM-ION
LITHIUM-ION POLYMER
NICKEL METAL HYDRIDE
LEAD ACID
SEALED LEAD ACID
OTHERS

BATTERY POWER

UNDER 750W
750W-1500W
ABOVE 1500W

MODE

PEDAL ASSIST
THROTTLE

CLASS

CLASS I (PEDAL ASSIST/PEDELEC)
CLASS II (THROTTLE)
CLASS III (SPEED PEDELEC)

TYPE

CITY/URBAN
CRUISE
MOUNTAIN/TREKKING BIKES
ALL-TERRAIN BIKES
CARGO
OTHERS

APPLICATION

UTILITY
LEISURE
SPEED

GENDER

MEN
WOMEN
UNISEX

DISTRIBUTION CHANNEL

SPECIALTY BICYCLE RETAILERS
OUTDOOR SPECIALTY STORE
MASS MERCHANTS
FULL-LINE SPORTING GOODS STORE
OTHERS

Table of Content: Global Japan, South Korea, New Zealand, and Australia Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market

Chapter 1: Market overview

Chapter 2: Global Japan, South Korea, New Zealand, and Australia Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) Market analysis

Chapter 3: Regional analysis of the Japan, South Korea, New Zealand, and Australia Japan, South Korea, New Zealand, and Australia Electric bike (E-Bike) industry

Chapter 4: Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

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