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Global Electric Bike Market By Drive Mechanism, By Battery Type, By Product, By Region, Industry Analysis and Forecast, 2020 - 2026

  • ID: 5314939
  • Report
  • March 2021
  • Region: Global
  • 190 pages
  • Marqual IT Solutions Pvt. Ltd (KBV Research)

FEATURED COMPANIES

  • Accell Group
  • Fuji-ta Bicycle Co., Ltd.
  • Trek Bicycle Corporation
  • Yamaha Motor Co., Ltd.
  • MORE
The Global Electric Bike Market size is expected to reach $73.2 billion by 2026, rising at a market growth of 11.2% CAGR during the forecast period. The electric bike contains different components such as pedals, an in-built electric motor, & rechargeable batteries in order to increase propulsion. Unlike traditional bicycles, e-bikes facilitate commuters to travel longer distances with relatively high speed. They are comparatively low-priced than electric scooters, motorcycles, & mopeds, and there is no need for insurance or a license for these bikes. The E-bike is an emerging technology that has achieved high popularity across several countries including Netherland, China, India, and Japan. Though, the e-bike industry is still at the initial stage with a lot of space for expansion.

The electric market is expected to be redefined by a blend of several macro-economic & micro-economic aspects. The manufacturing & design of comfortable, eco-friendly electric bikes have been facilitated by constant technological developments. Consumers are getting more aware of the urgent need to decrease their carbon footprint & this aspect will impact the demand for electric bikes positively.

electric-bike-market-size.jpg

The sales of electric bikes are supported by favorable governmental policies & stringent rules in different countries. In metro cities particularly in European and North American countries, innovative concepts such as rental service & public charging frameworks are in high demand. The adoption of electric bikes is expected to be augmented by the rising funding on the R&D activities by various market players, to create new high-efficiency batteries and develop superior performance vehicles. In addition, manufacturers are adopting different marketing tactics such as displaying their electric bike product as an eco-friendly option, which is capable of lowering down air pollution as well as substantially decrease the greenhouse effect as they display low tailpipe emissions.

Drive Mechanism Outlook

Based on Drive Mechanism, the market is segmented into Hub Motor, Mid-drive and Others. The hub motor segment dominated the e-bike market and is expected to maintain a similar trend over the forecast years. The low costs of these motors are credited to the consistent utilization of a similar design in some instances for many years. However, the hub motors are relatively heavier than the mid-drives, which could hinder the efficiency of an electric bike suspension. The vehicle uses both rear & front hub motors according to their application; this is expected to fuel the revenue streams of the hub motor segment in the e-bike market.

Battery Outlook

Based on Battery Type, the market is segmented into Lithium ion (Li-ion), Lead Acid and Others. The lithium-ion (Li-ion) segment acquired the highest revenue in 2019. This growth is due to their properties such as light-weight, huge capacity, & also displays an abrupt reduction in the price in the last few years. Various governments imposed strict regulations regarding the utilization of lead-acid batteries as their chemicals release harmful gases which result in severe environmental issues. Human health could be negatively impacted due to the release of lead in groundwater.

electric-bike-market-share.jpg

Product Outlook

Based on Product, the market is segmented into Scooter/Motorcycle, Pedelecs, Throttle on Demand and Speed Pedelecs. The scooter & motorcycle segment procured the maximum revenue share in 2019. This is owing to the fact that scooters & motorcycles are highly beneficial in decreasing carbon dioxide (CO2) emission & noise pollution. Though, the throttle on-demand segment is expected to exhibit a promising growth rate during the forecast period. It is due to the high prominence of throttle-operated electric bicycles among commuters.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2019, Asia-Pacific emerged as a leading region with respect to the revenue share, followed by Europe, North America, and LAMEA. China garnered the maximum revenue share of the global electric bike market in 2019. Though, Mexico is expected to showcase a prominent growth rate during the forecast period, due to various supportive measures taken by a private organization, local governments, & federal officials to encourage the adoption of the electric vehicle.

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.

Strategies deployed in Electric Bike Market

Feb-2021: Peugeot Motorcycles, a subsidiary of Mahindra introduced two new vehicles. These vehicles are Peugeot e-Ludix, an electric version of the classic Peugeot Ludix, and Peugeot Metropolis 400cc, a powerful three-wheeler entirely produced at its Mandeure factory in the Doubs.

Feb-2021: Mahindra Electric came into partnership with Amazon India. Under this partnership, Mahindra Electric strengthened its commitment to electric mobility in the country by adding 10,000 electric vehicles to its local delivery fleet by 2025.

Jan-2021: Trek took over a dozen of Mike Olson's bike shops. These shops are located in the San Diego area and Albuquerque, New Mexico, one Nytro Multisport store in Encinitas, California, and the six-store Bike Gallery chain in the Portland area. This helped Olson to be Trek's largest retailer and the largest bike retailer in the country.

Sep-2019: Yamaha Motor Company partnered with Hero Cycles, an Indian company that manufactures bicycles and bicycle-related products. Together, the companies launched the Lectro EHX20 e-bike. It is a premium electric bike for leisure and off-road use.

Aug-2020: Trek Bicycle signed a partnership agreement with Bike Exchange, an online marketplace. This partnership focused on enabling North American Trek dealers to showcase and sell certain Trek products online via the BikeExchange.com platform.

Jun-2020: Accell launched Carqon, an electric cargo bike. With this launch, the company expanded its presence in the market. Carqon has a luxury design with the capability to compete with brands like Riese & Muller, Urban Arrow, and Ca Go.

Oct-2019: Mahindra acquired Peugeot Motorcycles, the French two-wheeler maker. In this acquisition, Mahindra utilized the Peugeot brand to expand their support in designing and technological innovations.

May-2019: Benelux, a subsidiary of Giant Manufacturing came together with ConnectBike, the new B2B platform. Together, the companies developed a service concept and sharing platform. They also aimed to launch more than 300,000 B2B e-bikes in the Netherlands and Belgium by 2022.

Aug-2018: Accell acquired Velosophy B.V., a Dutch company for the e-cargo company. Following the acquisition, Accell Group boosted its innovation strategy focused on the development of urban mobility solutions.

Mar-2018: Accell announced the acquisition of Beeline Bikes, the mobile service business. The acquisition complemented Accell Group’s strategy to provide mobile bike services as part of its consumer-centric omnichannel model. Under this acquisition, Accell Group held a minority stake in the business.

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 Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • Taiwan
  • India
  • South Korea
  • Singapore
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Accell Group
  • Fuji-ta Bicycle Co., Ltd.
  • Trek Bicycle Corporation
  • Yamaha Motor Co., Ltd.
  • MORE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Electric Bike Market, by Drive Mechanism
1.4.2 Global Electric Bike Market, by Battery Type
1.4.3 Global Electric Bike Market, by Product
1.4.4 Global Electric Bike Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Global Electric Bike Market by Drive Mechanism
3.1 Global Hub Motor Electric Bike Market by Region
3.2 Global Mid-drive Electric Bike Market by Region
3.3 Global Others Electric Bike Market by Region

Chapter 4. Global Electric Bike Market by Battery Type
4.1 Global Lithium ion (Li-ion) Electric Bike Market by Region
4.2 Global Lead Acid Electric Bike Market by Region
4.3 Global Others Electric Bike Market by Region

Chapter 5. Global Electric Bike Market by Product
5.1 Global Scooter/Motorcycle Electric Bike Market by Region
5.2 Global Pedelecs Electric Bike Market by Region
5.3 Global Throttle on Demand Electric Bike Market by Region
5.4 Global Speed Pedelecs Electric Bike Market by Region

Chapter 6. Global Electric Bike Market by Region
6.1 North America Electric Bike Market
6.1.1 North America Electric Bike Market by Drive Mechanism
6.1.1.1 North America Hub Motor Electric Bike Market by Country
6.1.1.2 North America Mid-drive Electric Bike Market by Country
6.1.1.3 North America Others Electric Bike Market by Country
6.1.2 North America Electric Bike Market by Battery Type
6.1.2.1 North America Lithium ion (Li-ion) Electric Bike Market by Country
6.1.2.2 North America Lead Acid Electric Bike Market by Country
6.1.2.3 North America Others Electric Bike Market by Country
6.1.3 North America Electric Bike Market by Product
6.1.3.1 North America Scooter/Motorcycle Electric Bike Market by Country
6.1.3.2 North America Pedelecs Electric Bike Market by Country
6.1.3.3 North America Throttle on Demand Electric Bike Market by Country
6.1.3.4 North America Speed Pedelecs Electric Bike Market by Country
6.1.4 North America Electric Bike Market by Country
6.1.4.1 US Electric Bike Market
6.1.4.1.1 US Electric Bike Market by Drive Mechanism
6.1.4.1.2 US Electric Bike Market by Battery Type
6.1.4.1.3 US Electric Bike Market by Product
6.1.4.2 Canada Electric Bike Market
6.1.4.2.1 Canada Electric Bike Market by Drive Mechanism
6.1.4.2.2 Canada Electric Bike Market by Battery Type
6.1.4.2.3 Canada Electric Bike Market by Product
6.1.4.3 Mexico Electric Bike Market
6.1.4.3.1 Mexico Electric Bike Market by Drive Mechanism
6.1.4.3.2 Mexico Electric Bike Market by Battery Type
6.1.4.3.3 Mexico Electric Bike Market by Product
6.1.4.4 Rest of North America Electric Bike Market
6.1.4.4.1 Rest of North America Electric Bike Market by Drive Mechanism
6.1.4.4.2 Rest of North America Electric Bike Market by Battery Type
6.1.4.4.3 Rest of North America Electric Bike Market by Product
6.2 Europe Electric Bike Market
6.2.1 Europe Electric Bike Market by Drive Mechanism
6.2.1.1 Europe Hub Motor Electric Bike Market by Country
6.2.1.2 Europe Mid-drive Electric Bike Market by Country
6.2.1.3 Europe Others Electric Bike Market by Country
6.2.2 Europe Electric Bike Market by Battery Type
6.2.2.1 Europe Lithium ion (Li-ion) Electric Bike Market by Country
6.2.2.2 Europe Lead Acid Electric Bike Market by Country
6.2.2.3 Europe Others Electric Bike Market by Country
6.2.3 Europe Electric Bike Market by Product
6.2.3.1 Europe Scooter/Motorcycle Electric Bike Market by Country
6.2.3.2 Europe Pedelecs Electric Bike Market by Country
6.2.3.3 Europe Throttle on Demand Electric Bike Market by Country
6.2.3.4 Europe Speed Pedelecs Electric Bike Market by Country
6.2.4 Europe Electric Bike Market by Country
6.2.4.1 Germany Electric Bike Market
6.2.4.1.1 Germany Electric Bike Market by Drive Mechanism
6.2.4.1.2 Germany Electric Bike Market by Battery Type
6.2.4.1.3 Germany Electric Bike Market by Product
6.2.4.2 UK Electric Bike Market
6.2.4.2.1 UK Electric Bike Market by Drive Mechanism
6.2.4.2.2 UK Electric Bike Market by Battery Type
6.2.4.2.3 UK Electric Bike Market by Product
6.2.4.3 France Electric Bike Market
6.2.4.3.1 France Electric Bike Market by Drive Mechanism
6.2.4.3.2 France Electric Bike Market by Battery Type
6.2.4.3.3 France Electric Bike Market by Product
6.2.4.4 Russia Electric Bike Market
6.2.4.4.1 Russia Electric Bike Market by Drive Mechanism
6.2.4.4.2 Russia Electric Bike Market by Battery Type
6.2.4.4.3 Russia Electric Bike Market by Product
6.2.4.5 Spain Electric Bike Market
6.2.4.5.1 Spain Electric Bike Market by Drive Mechanism
6.2.4.5.2 Spain Electric Bike Market by Battery Type
6.2.4.5.3 Spain Electric Bike Market by Product
6.2.4.6 Italy Electric Bike Market
6.2.4.6.1 Italy Electric Bike Market by Drive Mechanism
6.2.4.6.2 Italy Electric Bike Market by Battery Type
6.2.4.6.3 Italy Electric Bike Market by Product
6.2.4.7 Rest of Europe Electric Bike Market
6.2.4.7.1 Rest of Europe Electric Bike Market by Drive Mechanism
6.2.4.7.2 Rest of Europe Electric Bike Market by Battery Type
6.2.4.7.3 Rest of Europe Electric Bike Market by Product
6.3 Asia Pacific Electric Bike Market
6.3.1 Asia Pacific Electric Bike Market by Drive Mechanism
6.3.1.1 Asia Pacific Hub Motor Electric Bike Market by Country
6.3.1.2 Asia Pacific Mid-drive Electric Bike Market by Country
6.3.1.3 Asia Pacific Others Electric Bike Market by Country
6.3.2 Asia Pacific Electric Bike Market by Battery Type
6.3.2.1 Asia Pacific Lithium ion (Li-ion) Electric Bike Market by Country
6.3.2.2 Asia Pacific Lead Acid Electric Bike Market by Country
6.3.2.3 Asia Pacific Others Electric Bike Market by Country
6.3.3 Asia Pacific Electric Bike Market by Product
6.3.3.1 Asia Pacific Scooter/Motorcycle Electric Bike Market by Country
6.3.3.2 Asia Pacific Pedelecs Electric Bike Market by Country
6.3.3.3 Asia Pacific Throttle on Demand Electric Bike Market by Country
6.3.3.4 Asia Pacific Speed Pedelecs Electric Bike Market by Country
6.3.4 Asia Pacific Electric Bike Market by Country
6.3.4.1 China Electric Bike Market
6.3.4.1.1 China Electric Bike Market by Drive Mechanism
6.3.4.1.2 China Electric Bike Market by Battery Type
6.3.4.1.3 China Electric Bike Market by Product
6.3.4.2 Japan Electric Bike Market
6.3.4.2.1 Japan Electric Bike Market by Drive Mechanism
6.3.4.2.2 Japan Electric Bike Market by Battery Type
6.3.4.3 Japan Electric Bike Market by Product
6.3.4.4 Taiwan Electric Bike Market
6.3.4.4.1 Taiwan Electric Bike Market by Drive Mechanism
6.3.4.4.2 Taiwan Electric Bike Market by Battery Type
6.3.4.4.3 Taiwan Electric Bike Market by Product
6.3.4.5 India Electric Bike Market
6.3.4.5.1 India Electric Bike Market by Drive Mechanism
6.3.4.5.2 India Electric Bike Market by Battery Type
6.3.4.5.3 India Electric Bike Market by Product
6.3.4.6 South Korea Electric Bike Market
6.3.4.6.1 South Korea Electric Bike Market by Drive Mechanism
6.3.4.6.2 South Korea Electric Bike Market by Battery Type
6.3.4.6.3 South Korea Electric Bike Market by Product
6.3.4.7 Singapore Electric Bike Market
6.3.4.7.1 Singapore Electric Bike Market by Drive Mechanism
6.3.4.7.2 Singapore Electric Bike Market by Battery Type
6.3.4.7.3 Singapore Electric Bike Market by Product
6.3.4.8 Rest of Asia Pacific Electric Bike Market
6.3.4.8.1 Rest of Asia Pacific Electric Bike Market by Drive Mechanism
6.3.4.8.2 Rest of Asia Pacific Electric Bike Market by Battery Type
6.3.4.8.3 Rest of Asia Pacific Electric Bike Market by Product
6.4 LAMEA Electric Bike Market
6.4.1 LAMEA Electric Bike Market by Drive Mechanism
6.4.1.1 LAMEA Hub Motor Electric Bike Market by Country
6.4.1.2 LAMEA Mid-drive Electric Bike Market by Country
6.4.1.3 LAMEA Others Electric Bike Market by Country
6.4.2 LAMEA Electric Bike Market by Battery Type
6.4.2.1 LAMEA Lithium ion (Li-ion) Electric Bike Market by Country
6.4.2.2 LAMEA Lead Acid Electric Bike Market by Country
6.4.2.3 LAMEA Others Electric Bike Market by Country
6.4.3 LAMEA Electric Bike Market by Product
6.4.3.1 LAMEA Scooter/Motorcycle Electric Bike Market by Country
6.4.3.2 LAMEA Pedelecs Electric Bike Market by Country
6.4.3.3 LAMEA Throttle on Demand Electric Bike Market by Country
6.4.3.4 LAMEA Speed Pedelecs Electric Bike Market by Country
6.4.4 LAMEA Electric Bike Market by Country
6.4.4.1 Brazil Electric Bike Market
6.4.4.1.1 Brazil Electric Bike Market by Drive Mechanism
6.4.4.1.2 Brazil Electric Bike Market by Battery Type
6.4.4.1.3 Brazil Electric Bike Market by Product
6.4.4.2 Argentina Electric Bike Market
6.4.4.2.1 Argentina Electric Bike Market by Drive Mechanism
6.4.4.2.2 Argentina Electric Bike Market by Battery Type
6.4.4.2.3 Argentina Electric Bike Market by Product
6.4.4.3 UAE Electric Bike Market
6.4.4.3.1 UAE Electric Bike Market by Drive Mechanism
6.4.4.3.2 UAE Electric Bike Market by Battery Type
6.4.4.3.3 UAE Electric Bike Market by Product
6.4.4.4 Saudi Arabia Electric Bike Market
6.4.4.4.1 Saudi Arabia Electric Bike Market by Drive Mechanism
6.4.4.4.2 Saudi Arabia Electric Bike Market by Battery Type
6.4.4.4.3 Saudi Arabia Electric Bike Market by Product
6.4.4.5 South Africa Electric Bike Market
6.4.4.5.1 South Africa Electric Bike Market by Drive Mechanism
6.4.4.5.2 South Africa Electric Bike Market by Battery Type
6.4.4.5.3 South Africa Electric Bike Market by Product
6.4.4.6 Nigeria Electric Bike Market
6.4.4.6.1 Nigeria Electric Bike Market by Drive Mechanism
6.4.4.6.2 Nigeria Electric Bike Market by Battery Type
6.4.4.6.3 Nigeria Electric Bike Market by Product
6.4.4.7 Rest of LAMEA Electric Bike Market
6.4.4.7.1 Rest of LAMEA Electric Bike Market by Drive Mechanism
6.4.4.7.2 Rest of LAMEA Electric Bike Market by Battery Type
6.4.4.7.3 Rest of LAMEA Electric Bike Market by Product

Chapter 7. Company Profiles
7.1 Accell Group
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments
7.1.5.1 Product Launches and Product Expansions
7.1.5.2 Acquisition and Mergers
7.2 Mahindra & Mahindra Limited (Mahindra Group)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.1 Recent strategies and developments
7.2.1.1 Partnerships, Collaborations, and Agreements
7.2.1.2 Product Launches and Product Expansions
7.2.1.3 Acquisition and Mergers
7.3 Yamaha Motor Co., Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments
7.3.5.1 Partnerships, Collaborations, and Agreements
7.4 Giant Manufacturing Co. Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Research & Development Expense
7.4.4 Recent strategies and developments
7.4.4.1 Partnerships, Collaborations, and Agreements
7.5 Jiangsu Xinri E-Vehicle Co., Ltd.
7.5.1 Company Overview
7.6 Derby Cycle AG (Pon Holdings B.V.)
7.6.1 Company Overview
7.7 Fuji-ta Bicycle Co., Ltd.
7.7.1 Company Overview
7.8 Trek Bicycle Corporation
7.8.1 Company Overview
7.8.2 Recent strategies and developments
7.8.2.1 Acquisition and Mergers
7.8.2.2 Partnerships, Collaborations, and Agreements
7.9 Tianjin Golden Wheel Group Co., Ltd.
7.9.1 Company Overview
7.10. Wuxi Truckrun Motor Co., Ltd.
7.10.1 Company Overview
Note: Product cover images may vary from those shown
  • 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.
Note: Product cover images may vary from those shown

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