Press release
E-Bike Market worth $89.44 billion by 2030, growing at a CAGR of 8.78% - Exclusive Report by 360iResearch
E-Bike Market | 360iResearch
The Global E-Bike Market to grow from USD 49.60 billion in 2023 to USD 89.44 billion by 2030, at a CAGR of 8.78%.
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The e-bike market comprises the sale of electric bicycles, commonly known as e-bikes, which are bicycles that integrate an electric motor and a rechargeable battery to provide varying levels of pedal assistance to riders. The primary applications for e-bikes include commuting, leisure cycling, and sports-based activities such as mountain biking and racing. E-bikes offer cheaper and more affordable mobility solutions than Internal Combustion Engine (ICE) vehicles. The maintenance cost of battery bikes is also reduced with fewer moving parts. The adoption of e-bikes is rapidly surging due to rising consumer inclination towards e-bike and their availability on online channels. Governments worldwide are taking initiatives to adopt fuel-efficient vehicles and providing subsidies and tax benefits to e-bike users. Urbanization and increasing traffic congestion have led to the need for alternative transportation methods that are efficient and eco-friendly, which have significantly increased the market demand. However, underdeveloped charging and cycling infrastructure in developing countries and high initial costs of e-bikes compared to traditional bicycles may deter potential customers and is a concerning factor for market growth. Increasing investments from key players in research & development activities point towards potential improvements in e-bike technology, which has led to enhanced performance, increased durability, and reduced costs, providing additional growth opportunities within the market.
Electric bikes are becoming increasingly popular in the Americas region due to the rise in fuel prices in recent years, and it is also a convenient micro-mobility transportation option in the region. Recent patents filed in this region include advancements in battery technology and improved safety features. Investments have also been made towards expanding charging infrastructure for electric vehicles. The Asia-Pacific region is witnessing high growth due to the surging young population and the rise in interest in cycling as a recreational activity. The market players in the region are attracting huge investments from the public and private sectors. In the European region, market players invest in research and development to implement innovations in e-bikes. Governments such as Germany have implemented dedicated plans to promote electric mobility through public initiatives encouraging cycling with financial incentives and investments in research & development. The market players are expanding their business operations, abiding by laws and legalities set by regulatory authorities regarding e-bikes. Middle-east and African countries are increasingly adopting e-bikes as they provide an easy and affordable option for transport.
Market Segmentation & Coverage:
This research report categorizes the E-Bike Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Battery, Brake System, Crank Gear, Electric Motor, Frame With Fork, Motor Controller, and Wheels. The Electric Motor is further studied across Hub Motor and Mid Motor. The Battery commanded largest market share of 22.11% in 2023, followed by Frame With Fork.
Based on Class, market is studied across Class-I, Class-II, and Class-III. The Class-II commanded largest market share of 43.74% in 2023, followed by Class-III.
Based on Battery, market is studied across Lead Acid and Lithium-Ion. The Lithium-Ion commanded largest market share of 67.15% in 2023, followed by Lead Acid.
Based on Speed, market is studied across 25-45 Kmph and Up to 25 Kmph. The Up to 25 Kmph commanded largest market share of 61.11% in 2023, followed by 25-45 Kmph.
Based on Ownership, market is studied across Personal and Shared. The Personal commanded largest market share of 58.83% in 2023, followed by Shared.
Based on Usage, market is studied across Cargo, City & Urban, and Mountaineering & Trekking. The City & Urban commanded largest market share of 67.84% in 2023, followed by Cargo.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.17% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the E-Bike Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the E-Bike Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the E-Bike Market, highlighting leading vendors and their innovative profiles. These include Accell Group N.V., Addmotor Tech., AIMA Technology Group Co., Ltd., AmericanElectric, Ampler Bikes OÜ, Anywhere Bikes, Ariel Rider Ebikes, Aventon, Beistegui Hermanos S.A., Brompton Bicycle Limited, Cowboy SA, ENERMAX Technology Corporation, Giant Manufacturing Co., Ltd., Gocycle by Karbon Kinetics Ltd., Hero Cycles Limited, HeyBike, Inc., Juiced Riders, Inc., Keego Mobility, Lectric eBikes, LLC, Lyft, Inc., Merida Industry Co., Ltd., Mondraker by Blue Factory Team S.L.U., myStromer AG, PEDEGO INC., PIERER Mobility AG, Pon Holdings B.V., Porsche eBike Performance GmbH, Rad Power Bikes Inc., Ride1Up, Inc., Riese & Müller GmbH, SCOTT Sports SA, Shimano Inc., Smalo by Darad Innovation Corporation, Solex Cycle North America Inc., Specialized Bicycle Components, Inc., Trek Bicycle Corporation, VanMoof B.V., VOLT E BYK, Yadea Technology Group Co., Ltd., and Yamaha Motor Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. E-Bike Market, by Component
7. E-Bike Market, by Class
8. E-Bike Market, by Battery
9. E-Bike Market, by Speed
10. E-Bike Market, by Ownership
11. E-Bike Market, by Usage
12. Americas E-Bike Market
13. Asia-Pacific E-Bike Market
14. Europe, Middle East & Africa E-Bike Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the E-Bike Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the E-Bike Market?
3. What is the competitive strategic window for opportunities in the E-Bike Market?
4. What are the technology trends and regulatory frameworks in the E-Bike Market?
5. What is the market share of the leading vendors in the E-Bike Market?
6. What modes and strategic moves are considered suitable for entering the E-Bike Market?
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