The Asia Pacific Electric Bike Market is expected to witness market growth of 11.3% CAGR during the forecast period (2020-2026).
Electric bikes are an adaptable, versatile, fashionable, & eco-friendly means of transport. Consumers consider them as a perfect replacement for smart cars, scooters, & public transport. These bikes aid in managing traffic congestion, as they are small-sized, achieve superior speed with less effort, & provide health-giving advantages through peddling. These determinants play a crucial role in fueling the demand for electric bikes around the world.
The growth of the market is expected to be propelled by different aspects including rising fuel price, enforcement of government norms to support the utilization of electric bikes, consumer preference toward the utilization of e-bikes as an environment friendly & effective solution for commuting, and increasing interest in cycling as a recreational & fitness activity. Though, the market growth is expected to be hampered by the high cost of e-bikes & a ban on the utilization of e-bikes in some major cities of China. Moreover, the market is expected to witness attractive growth possibilities due to the development in battery technology & bicycling infrastructure.
Various governments across the world are undertaking different measures with an aim to decrease the carbon footprints by motivating people to adopt electric vehicles, electric bikes, and bicycles, due to rising awareness of the harmful effects of choosing vehicles that run on fossil fuels. In addition, governments are planning to create bicycle-friendly streets, which are inspiring people to choose a bicycle as a primary means of commute. Electric scooters, bicycles, & motorcycles have received a high degree of focus from several governments as reliable & effective kinds of light motor vehicles (LMVs), which aid in decreasing the carbon footprint.
The China market dominated the Asia Pacific Lithium ion (Li-ion) Electric Bike Market by Country in 2019, and is expected to continue to be a dominant market till 2026. The Japan market is showcasing a CAGR of 10.3% during (2020 - 2026). Additionally, The Taiwan market is anticipated to witness a CAGR of 11.7% during (2020 - 2026).
Based on Drive Mechanism, the market is segmented into Hub Motor, Mid-drive and Others. Based on Battery Type, the market is segmented into Lithium ion (Li-ion), Lead Acid and Others. Based on Product, the market is segmented into Scooter/Motorcycle, Pedelecs, Throttle on Demand and Speed Pedelecs. Based on countries, the market is segmented into China, Japan, Taiwan, India, South Korea, Singapore, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accell Group, Mahindra & Mahindra Limited (Mahindra Group), Yamaha Motor Co., Ltd., Giant Manufacturing Co. Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., Derby Cycle AG (Pon Holdings B.V.), Fuji-ta Bicycle Co., Ltd., Trek Bicycle Corporation, Tianjin Golden Wheel Group Co., Ltd., and Wuxi Truckrun Motor Co., Ltd.
Scope of the Study
Market Segmentation:
By Drive Mechanism
By Battery Type
By Product
By Country
Companies Profiled
Unique Offerings from the Publisher
Electric bikes are an adaptable, versatile, fashionable, & eco-friendly means of transport. Consumers consider them as a perfect replacement for smart cars, scooters, & public transport. These bikes aid in managing traffic congestion, as they are small-sized, achieve superior speed with less effort, & provide health-giving advantages through peddling. These determinants play a crucial role in fueling the demand for electric bikes around the world.
The growth of the market is expected to be propelled by different aspects including rising fuel price, enforcement of government norms to support the utilization of electric bikes, consumer preference toward the utilization of e-bikes as an environment friendly & effective solution for commuting, and increasing interest in cycling as a recreational & fitness activity. Though, the market growth is expected to be hampered by the high cost of e-bikes & a ban on the utilization of e-bikes in some major cities of China. Moreover, the market is expected to witness attractive growth possibilities due to the development in battery technology & bicycling infrastructure.
Various governments across the world are undertaking different measures with an aim to decrease the carbon footprints by motivating people to adopt electric vehicles, electric bikes, and bicycles, due to rising awareness of the harmful effects of choosing vehicles that run on fossil fuels. In addition, governments are planning to create bicycle-friendly streets, which are inspiring people to choose a bicycle as a primary means of commute. Electric scooters, bicycles, & motorcycles have received a high degree of focus from several governments as reliable & effective kinds of light motor vehicles (LMVs), which aid in decreasing the carbon footprint.
The China market dominated the Asia Pacific Lithium ion (Li-ion) Electric Bike Market by Country in 2019, and is expected to continue to be a dominant market till 2026. The Japan market is showcasing a CAGR of 10.3% during (2020 - 2026). Additionally, The Taiwan market is anticipated to witness a CAGR of 11.7% during (2020 - 2026).
Based on Drive Mechanism, the market is segmented into Hub Motor, Mid-drive and Others. Based on Battery Type, the market is segmented into Lithium ion (Li-ion), Lead Acid and Others. Based on Product, the market is segmented into Scooter/Motorcycle, Pedelecs, Throttle on Demand and Speed Pedelecs. Based on countries, the market is segmented into China, Japan, Taiwan, India, South Korea, Singapore, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accell Group, Mahindra & Mahindra Limited (Mahindra Group), Yamaha Motor Co., Ltd., Giant Manufacturing Co. Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., Derby Cycle AG (Pon Holdings B.V.), Fuji-ta Bicycle Co., Ltd., Trek Bicycle Corporation, Tianjin Golden Wheel Group Co., Ltd., and Wuxi Truckrun Motor Co., Ltd.
Scope of the Study
Market Segmentation:
By Drive Mechanism
- Hub Motor
- Mid-drive
- Others
By Battery Type
- Lithium ion (Li-ion)
- Lead Acid
- Others
By Product
- Scooter/Motorcycle
- Pedelecs
- Throttle on Demand
- Speed Pedelecs
By Country
- China
- Japan
- Taiwan
- India
- South Korea
- Singapore
- Rest of Asia Pacific
Companies Profiled
- Accell Group
- Mahindra & Mahindra Limited (Mahindra Group)
- Yamaha Motor Co., Ltd.
- Giant Manufacturing Co. Ltd.
- Jiangsu Xinri E-Vehicle Co., Ltd.
- Derby Cycle AG (Pon Holdings B.V.)
- Fuji-ta Bicycle Co., Ltd.
- Trek Bicycle Corporation
- Tianjin Golden Wheel Group Co., Ltd.
- Wuxi Truckrun Motor Co., Ltd.
Unique Offerings from the Publisher
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Asia Pacific Electric Bike Market by Drive Mechanism
Chapter 4. Asia Pacific Electric Bike Market by Battery Type
Chapter 5. Asia Pacific Electric Bike Market by Product
Chapter 6. Asia Pacific Electric Bike Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Accell Group
- Mahindra & Mahindra Limited (Mahindra Group)
- Yamaha Motor Co., Ltd.
- Giant Manufacturing Co. Ltd.
- Jiangsu Xinri E-Vehicle Co., Ltd.
- Derby Cycle AG (Pon Holdings B.V.)
- Fuji-ta Bicycle Co., Ltd.
- Trek Bicycle Corporation
- Tianjin Golden Wheel Group Co., Ltd.
- Wuxi Truckrun Motor Co., Ltd.
Methodology
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