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PUBLISHER: The Business Research Company | PRODUCT CODE: 1210151

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1210151

Electric Bikes and Scooters Global Market Report 2023

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PAGES: 250 Pages
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“Electric Bikes and Scooters Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on electric bikes and scooters market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for electric bikes and scooters ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The electric bikes and scooters market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Electric Bikes; Electric Scooters

2) By Battery: Lead-acid; Lithium-ion (Li-ion); Nickel-metal hydride (NiMh); Other Battries

3) By Voltage Capacity: 48-59V; 60-72V; 73-96V; Above 96V

4) By Drive Mechanism: Hub Motor; Mid Drive; Other Drive Mechanisms

Companies Mentioned: Yadea; Jiangsu Xinri E-Vehicle Co. Ltd.; Mahindra & Mahindra Ltd.; BMW; Hero Electric

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the electric bikes and scooters market are: Yadea, Jiangsu Xinri E-Vehicle Co. Ltd., Mahindra & Mahindra Ltd., BMW, Hero Electric, Yamaha, Sunra, Vmoto Limited, AIMA Technology Co. Ltd, Zhejiang Luyuan Electric Vehicle Co. Ltd., Terra Motors Group, Prodeco Technologies Llc.

The global electric bikes and scooters market is expected to grow from $20.71 billion in 2021 to $23.38 billion in 2022 at a compound annual growth rate (CAGR) of 12.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The electric bikes and scooters market is expected to grow to $30.27 billion in 2026 at a CAGR of 6.7%.

The electric bikes and scooters market consist of sales of e-moped and e-cycles. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Electric bicycles, often known as e-bikes or eBikes, are motorized bicycles with built-in electric motors that help with propulsion. Electric scooters frequently resemble motorcycles and are plug-in electric vehicles with two or three wheels and an electric motor.

Asia Pacific was the largest region in the electric bikes and scooters market in 2022. This region is expected to remain the largest during the next five years. The regions covered in the electric bikes and scooters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The main types in the electric bike and scooter market are electric bikes and electric scooters. An electric bike is a bicycle equipped with an electric motor that is activated to assist with or replace pedaling. The battery types involved are lead-acid, lithium-ion (li-ion), nickel-metal hydride (NiMH), and others. The voltage capacity involved is 48-59V, 60-72V, 73-96V, and above 96V. The drive mechanism types involved are hub motors, mid-drives, and other mechanisms.

Increasing awareness about pollution is a key driver of the electric bike and scooter market. This is because more people now understand the importance of reducing pollution, and this awareness has led them to look for more environmentally friendly modes of transportation that minimise and control pollution. For example, according to a survey published by Forbes, due to an increase in awareness about pollution, the sales of electric bikes (e-bikes) have exceeded those of non-electric bikes in the Netherlands. The growth in the adoption of electric bikes and scooters is expected to continue in the coming years as the carbon dioxide emitted by the burning of fossil fuels remains a major threat to the environment, causing global warming and climate change.

The lack of infrastructure for battery charging is a major restraint on the electric bike and scooter market. This is mainly because a lack of sufficient bike or scooter charging stations leads to a scarcity of battery charging stations and discourages people from purchasing electric bikes or scooters. For instance, according to express drive data 2021, electric two-wheelers are popular in India. However, the sales of electric two-wheelers remain way lower than conventional petrol ones. We don't have an appropriate EV ecosystem and the charging stations are in very small numbers. So, in a bid to encourage people to buy EVs and to develop the EV ecosystem in India, eBikeGo has announced that they will install one lakh smart IoT-enabled charging stations in seven Indian cities.

Improving battery technology is an emerging trend in the electric bike and scooter market. One such technological improvement of batteries includes the growing use of graphene batteries in electric bikes and scooters. The graphene batteries use electrolytes based on a super-thin material called graphene, which enables faster charging time, higher capacity, and lighter weight of the vehicles. In this regard, Earthday, a startup based in Barcelona, Spain, is working towards further enhancing the efficiency of graphene batteries to charge electric bikes and scooters in around five minutes.

The electric bike and scooter market is regulated by the U.S. Congress enacted Public Law sections 107-319 and 107-322. This law pertains to the amendments required for the consumer product safety act and defines stern regulations to be followed in retrospect to the speed of electric bikes. According to this law, the electric motor of the vehicle must be less than 750 watts, and the maximum speed of the bike driven by a person weighing 170 pounds should not exceed 20 mph. To comply with this law, the U.S. Consumer Product Safety Commission (CPSC) considers, approves, and certifies bikes that meet this definition for manufacture and sale at the federal level. Hence, regulations such as these regulate the electric bike and scooter market.

In July 2022, the Rohatyn Group, a US-based asset management firm, acquired KJK Capital for an undisclosed amount. Through this acquisition, Rohatyn Group will expand in e-bikes. KJK Capital is a Europe-based manufacturer of electric bikes.

The countries covered in the electric bikes and scooters market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The electric bikes and scooters market research report is one of a series of new reports from The Business Research Company that provides electric bike and scooter market statistics, including global market size, regional shares, competitors with an electric bike and scooter market share, detailed electric bike and scooter market segments, market trends and opportunities, and any further data you may need to thrive in the electric bike and scooter industry. This electric bikes and scooters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r2004

Table of Contents

1. Executive Summary

2. Electric Bikes and Scooters Market Characteristics

3. Electric Bikes and Scooters Market - Macro Economic Scenario

3.1 COVID-19 Impact On Electric Bikes and Scooters Market

3.2 Ukraine-Russia War Impact On Electric Bikes and Scooters Market

3.3 Impact Of High Inflation On Electric Bikes and Scooters Market

4. Electric Bikes and Scooters Market Size And Growth

  • 4.1. Global Electric Bikes and Scooters Historic Market, 2017 - 2022, $ Billion
    • 4.1.1. Drivers Of The Market
    • 4.1.2. Restraints On The Market
  • 4.2. Global Electric Bikes and Scooters Forecast Market, 2022 - 2027F, 2032F, $ Billion
    • 4.2.1. Drivers Of The Market
    • 4.2.2. Restraints On the Market

5. Electric Bikes and Scooters Market Segmentation

  • 5.1. Global Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • Electric Bikes
  • Electric Scooters
  • 5.2. Global Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • Lead-acid
  • Lithium-ion (Li-ion)
  • Nickel-metal hydride (NiMh)
  • Other Batteries
  • 5.3. Global Electric Bikes and Scooters Market, Segmentation By Voltage Capacity, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

48-59V

60-72V

73-96V

  • Above 96V
  • 5.4. Global Electric Bikes and Scooters Market, Segmentation By Drive Mechanism, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • Hub Motor
  • Mid Drive
  • Other Drive Mechanisms

6. Electric Bikes and Scooters Market Regional And Country Analysis

  • 6.1. Global Electric Bikes and Scooters Market, Split By Region, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 6.2. Global Electric Bikes and Scooters Market, Split By Country, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

7. Asia-Pacific Electric Bikes and Scooters Market

  • 7.1. Asia-Pacific Electric Bikes and Scooters Market Overview
  • 7.2. Asia-Pacific Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 7.3. Asia-Pacific Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

8. China Electric Bikes and Scooters Market

  • 8.1. China Electric Bikes and Scooters Market Overview
  • 8.2. China Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F,$ Billion
  • 8.3. China Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F,$ Billion

9. India Electric Bikes and Scooters Market

  • 9.1. India Electric Bikes and Scooters Market Overview
  • 9.2. India Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 9.3. India Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

10. Japan Electric Bikes and Scooters Market

  • 10.1. Japan Electric Bikes and Scooters Market Overview
  • 10.2. Japan Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 10.3. Japan Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

11. Australia Electric Bikes and Scooters Market

  • 11.1. Australia Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 11.2. Australia Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

12. Indonesia Electric Bikes and Scooters Market

  • 12.1. Indonesia Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 12.2. Indonesia Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

13. South Korea Electric Bikes and Scooters Market

  • 13.1. South Korea Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 13.2. South Korea Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

14. Western Europe Electric Bikes and Scooters Market

  • 14.1. Western Europe Electric Bikes and Scooters Market Overview
  • 14.2. Western Europe Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 14.3. Western Europe Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

15. UK Electric Bikes and Scooters Market

  • 15.1. UK Electric Bikes and Scooters Market Overview
  • 15.2. UK Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 15.3. UK Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

16. Germany Electric Bikes and Scooters Market

  • 16.1. Germany Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 16.2. Germany Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

17. France Electric Bikes and Scooters Market

  • 17.4. France Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 17.5. France Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

18. Eastern Europe Electric Bikes and Scooters Market

  • 18.1. Eastern Europe Electric Bikes and Scooters Market Overview
  • 18.2. Eastern Europe Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 18.3. Eastern Europe Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

19. Russia Electric Bikes and Scooters Market

  • 19.1. Russia Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 19.2. Russia Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

20. North America Electric Bikes and Scooters Market

  • 20.1. North America Electric Bikes and Scooters Market Overview
  • 20.2. North America Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 20.3. North America Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

21. USA Electric Bikes and Scooters Market

  • 21.1. USA Electric Bikes and Scooters Market Overview
  • 21.2. USA Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 21.3. USA Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

22. South America Electric Bikes and Scooters Market

  • 22.1. South America Electric Bikes and Scooters Market Overview
  • 22.2. South America Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 22.3. South America Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

23. Brazil Electric Bikes and Scooters Market

  • 23.1. Brazil Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 23.2. Brazil Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

24. Middle East Electric Bikes and Scooters Market

  • 24.1. Middle East Electric Bikes and Scooters Market Overview
  • 24.2. Middle East Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 24.3. Middle East Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

25. Africa Electric Bikes and Scooters Market

  • 25.1. Africa Electric Bikes and Scooters Market Overview
  • 25.2. Africa Electric Bikes and Scooters Market, Segmentation By Product, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion
  • 25.3. Africa Electric Bikes and Scooters Market, Segmentation By Battery, Historic and Forecast, 2022 - 2027F, 2032F, $ Billion

26. Electric Bikes and Scooters Market Competitive Landscape And Company Profiles

  • 26.1. Electric Bikes and Scooters Market Competitive Landscape
  • 26.2. Electric Bikes and Scooters Market Company Profiles
    • 26.2.1. Yadea
      • 26.2.1.1. Overview
      • 26.2.1.2. Products and Services
      • 26.2.1.3. Strategy
      • 26.2.1.4. Financial Performance
    • 26.2.2. Jiangsu Xinri E-Vehicle Co. Ltd.
      • 26.2.2.1. Overview
      • 26.2.2.2. Products and Services
      • 26.2.2.3. Strategy
      • 26.2.2.4. Financial Performance
    • 26.2.3. Mahindra & Mahindra Ltd.
      • 26.2.3.1. Overview
      • 26.2.3.2. Products and Services
      • 26.2.3.3. Strategy
      • 26.2.3.4. Financial Performance
    • 26.2.4. BMW
      • 26.2.4.1. Overview
      • 26.2.4.2. Products and Services
      • 26.2.4.3. Strategy
      • 26.2.4.4. Financial Performance
    • 26.2.5. Hero Electric
      • 26.2.5.1. Overview
      • 26.2.5.2. Products and Services
      • 26.2.5.3. Strategy
      • 26.2.5.4. Financial Performance

27. Key Mergers And Acquisitions In The Electric Bikes and Scooters Market

28. Electric Bikes and Scooters Market Trends And Strategies

29. Electric Bikes and Scooters Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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