E-Bike Market by Component, Class, Battery, Speed, Ownership, Usage

List of Tables

[181 Pages Report] The E-Bike Market size was estimated at USD 49.60 billion in 2023 and expected to reach USD 53.74 billion in 2024, at a CAGR 8.78% to reach USD 89.44 billion by 2030.

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.

KEY MARKET STATISTICS
Base Year [2023]	USD 49.60 billion
Estimated Year [2024]	USD 53.74 billion
Forecast Year [2030]	USD 89.44 billion
CAGR (%)	8.78%

Battery: Improved Performance of E-Bikes Based on Various Battery Types

Lithium-ion (Li-ion) battery technology has become popular for e-bikes due to its high energy density, long cycle life, low weight, and fast charging capabilities. Li-ion batteries are ideal for users who demand extended range and reliability from their e-bike's power source while maintaining a lightweight design. Lead acid batteries are inexpensive, large, and heavy and offer less capacity than other options. These batteries are best suited for users requiring an affordable power source with limited weight or space constraints. Lead acid batteries are preferred for those consumers who are seeking an affordable power source without weight or space constraints, while lithium-ion batteries offer extended range, reliability, and fast charging capabilities in a lightweight package. In addition, lithium-ion polymer batteries provide similar benefits as lithium-ion and have added flexibility in design options.

Component: Advancements in Light Weight Components Materials Utilized for E-Bikes Manufacturing

The components of e-bikes are manufactured using lightweight materials such as aluminum, steel, titanium, and carbon fiber to ensure user convenience and strength. The battery is one of the most critical components in an e-bike, as it powers the electric motor and determines the bike's range. A reliable brake system is crucial for rider safety on an e-bike. The two primary types are mechanical disc brakes and hydraulic disc brakes. Mechanical disc brakes offer easier maintenance and lower costs. The crank gear, also known as the chainset or crankset, transforms the electric motor's power into mechanical energy to propel the e-bike. The frame is the foundation of an e-bike's structure, influencing stability, handling, and comfort. The motor controller regulates power output from the battery to the electric motor, affecting an e-bike's speed, acceleration, and range. Wheels used in e-bikes contribute to ride quality, weight, and its overall performance.

There are two types of electric motors: hub and mid-motor. Hub motors are located in the center of the front or rear wheel, making them inconspicuous and maintaining a bike's traditional appearance. They are ideal for riders who want a more seamless integration of electric assistance without altering the overall design of their bikes. Mid motors are situated at the bottom bracket area (central part) of an e-bike and directly engage with the bicycle's chain. This central positioning improves handling due to better weight distribution across the bike frame. Mid-motor systems are ideal for riders who seek natural and responsive cycling experiences, especially when tackling hilly terrains or off-road tracks.

Class: Emergence of Class-III e-bike manufacturing to provide a more efficient riding experience

Class-I e-bikes are also called pedelecs or pedal-assist e-bikes. They provide electrical assistance only when the rider pedals and have a maximum assisted speed limit. Class-II e-bikes feature a throttle-based system that allows riders to activate electric assistance without pedaling. This category is perfect for people who want a more leisurely ride or those with mobility issues that make pedaling difficult consistently. Class-III e-bikes, called speed pedelecs, offer assistance when the rider is pedaling. These bikes cater to riders who need a reliable and fast mode of transportation for longer distances and those looking for quicker commutes without breaking a sweat.

Speed: Expanding use of 25-45 Kmph speed-ranged e-bikes for commercial purposes

The 25-45 Kmph speed-ranged e-bikes cater to riders seeking a balance between speed, power, and range. Ideal for urban commuters, these e-bikes offer faster travel times and are suitable for longer distances when compared to their slower counterparts. They are also considered safer as they provide better control over traffic situations. E-bikes with up to 25 Kmph speed ranges are designed for casual riders, prioritizing ease of use and affordability over high-performance capabilities. These bikes offer adequate speed for short commutes and leisurely rides while maintaining compliance with lower-speed regulations in many countries. Faster e-bikes cater to urban commuters seeking efficient transportation options with longer ranges, while slower e-bikes focus on casual use and affordability. The 25-45 Kmph speed-ranged e-bikes have experienced significant advancements in recent years, with manufacturers focusing on extending battery life and developing smart charging solutions. In contrast, up to 25 Kmph speed e-bikes have seen innovations to enhance accessibility for a wider range of potential users through improved ergonomics and user-friendly designs.

Ownership: Emerging trend and popularity of shared e-bikes globally

Personal e-bikes cater to individuals that require a convenient and eco-friendly mode of transport for daily commutes or recreational purposes. These users are generally more concerned about the quality, performance, design, and customization options available in their e-bikes. Shared e-bike services focus on providing accessible transportation solutions to help city dwellers navigate urban environments efficiently without relying on personal vehicles or public transit systems. Individuals prefer shared e-bikes due to affordability compared to ownership, convenience provided through smartphone apps for locating and unlocking bikes, and reduced environmental impact compared to traditional modes of transport. Personal ownership may attract buyers that prioritize long-term investment and value-for-money aspects along with better control over maintenance schedules; shared services target those individuals who prefer minimal financial commitment and increased flexibility in usage.

Usage: Significant demand for mountaineering and trekking e-bikes owing to the rise in recreational activities

Cargo e-bikes are used to carry heavy loads efficiently while maintaining stability and ease of use. These bikes cater to businesses and individuals requiring a convenient transportation solution within urban environments. Key features of cargo e-bikes include powerful motors, increased battery capacity, and durable frames built to handle additional weight. City & urban e-bikes are primarily used to provide comfort, style, and efficiency for commuters navigating crowded streets and bike lanes. These bikes often feature step-through frames for easy mounting or dismounting and offer various assist levels catering to varying rider fitness levels. Mountaineering and trekking e-bikes are engineered for off-road adventures and are built to withstand harsh terrain. These e-bikes often feature robust suspension systems, durable and large tires for improved grip, and powerful motors that assist riders in conquering steep inclines and rough trails. Cargo e-bikes focus on enhanced carrying capacity for businesses and individuals requiring efficient transport solutions; city & urban e-bikes are built for comfort and efficiency and are suitable for daily commuting, while mountaineering & trekking e-bikes offer rugged capabilities suited for off-road adventures.

Regional Insights

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.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the E-Bike Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the E-Bike Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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 OU, 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 & Muller 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..

Market Segmentation & Coverage

This research report categorizes the E-Bike Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Battery
- Brake System
- Crank Gear
- Electric Motor
  - Hub Motor
  - Mid Motor

Frame With Fork
Motor Controller
Wheels

Class
- Class-I
- Class-II
- Class-III

Battery
- Lead Acid
- Lithium-Ion

Speed
- 25-45 Kmph
- Up to 25 Kmph

Ownership
- Personal
- Shared

Usage
- Cargo
- City & Urban
- Mountaineering & Trekking

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the E-Bike Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the E-Bike Market?

3. What are the technology trends and regulatory frameworks in the E-Bike Market?

4. What is the market share of the leading vendors in the E-Bike Market?

5. Which modes and strategic moves are suitable for entering the E-Bike Market?

Product Code: MRR-0360AB17DD52

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing use of shared mobility solutions and supportive government initiatives for e-bikes
  - 5.1.1.2. High availability of e-bikes through online distribution channels
- 5.1.2. Restraints
  - 5.1.2.1. High cost related to e-bikes and issues related to product recall
- 5.1.3. Opportunities
  - 5.1.3.1. Rapid inclination towards connected e-bikes
  - 5.1.3.2. Emerging development of advanced battery pack for e-bikes
- 5.1.4. Challenges
  - 5.1.4.1. Underdeveloped charging & cycling infrastructure and issues related to rental e-bikes
5.2. Market Segmentation Analysis
- 5.2.1. Battery: Improved Performance of E-Bikes Based on Various Battery Types
- 5.2.2. Component: Advancements in Light Weight Components Materials Utilized for E-Bikes Manufacturing
- 5.2.3. Class: Emergence of Class-III e-bike manufacturing to provide a more efficient riding experience
- 5.2.4. Speed: Expanding use of 25-45 Kmph speed-ranged e-bikes for commercial purposes
- 5.2.5. Ownership: Emerging trend and popularity of shared e-bikes globally
- 5.2.6. Usage: Significant demand for mountaineering and trekking e-bikes owing to the rise in recreational activities
5.3. Market Trend Analysis
- 5.3.1. Increasing government initiatives to encourage use of e-bike coupled with introduction of smart e-bikes in the Americas region
- 5.3.2. Significant presence of e-bike manufacturers in the APAC region
- 5.3.3. Ongoing advancements and integration of digital technologies in the e-bikes in the EMEA region
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis

6. E-Bike Market, by Component

6.1. Introduction
6.2. Battery
6.3. Brake System
6.4. Crank Gear
6.5. Electric Motor
6.6. Frame With Fork
6.7. Motor Controller
6.8. Wheels

7. E-Bike Market, by Class

7.1. Introduction
7.2. Class-I
7.3. Class-II
7.4. Class-III

8. E-Bike Market, by Battery

8.1. Introduction
8.2. Lead Acid
8.3. Lithium-Ion

9. E-Bike Market, by Speed

9.1. Introduction
9.2. 25-45 Kmph
9.3. Up to 25 Kmph

10. E-Bike Market, by Ownership

10.1. Introduction
10.2. Personal
10.3. Shared

11. E-Bike Market, by Usage

11.1. Introduction
11.2. Cargo
11.3. City & Urban
11.4. Mountaineering & Trekking

12. Americas E-Bike Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific E-Bike Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa E-Bike Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. HeyBike To Launch Upgraded Mars 2.0 Folding E-Bike In October 2023
- 15.3.2. Velotric Launches Two New Utility and Cargo E-Bikes, Challenging the Market
- 15.3.3. Yamaha Releases Two New "BOOSTER" eBikes
- 15.3.4. Flyer Electric Bikes Expanding Distribution, Offering Free E-Bikes to Shops
- 15.3.5. Yulu, Magna partner to set up battery-charging, swapping network in India
- 15.3.6. MURF Electric Bikes Partners with GEF Capital; Plans for National Expansion and Product Innovation
- 15.3.7. Yadea Targets the U.S. Market with the Launch of Three New E-bike Models at CES 2023
- 15.3.8. Hero Motors, Yamaha joint venture opens factory for electric cycle drive units
- 15.3.9. The Rohatyn Group Completes Acquisition of E-Bike Production Company, Leader From KJK Capital

16. Competitive Portfolio

16.1. Key Company Profiles
16.2. Key Product Portfolio