Electronic bikes are battery-powered bikes that resemble gas-powered bikes but require electric power to operate. Electric bikes are equipped with an integrated electric motor driving system and a battery that produces power for causing or assisting propulsion.
The main types of classes in electric bikes are class-I, class-II, and class-III. Class-I is a type of electric bike that has an electric motor and works only while pedaling. The different motor types include mid-motor, hub motor and have various battery types such as lead-acid, lithium-ion (Li-ion), nickel-metal hydride (NiMH), others. It is used in several applications including mountain or trekking, city or urban, cargo, and others.
The global electric bikes market grew from $43.22 billion in 2022 to $49.54 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electric bikes market is expected to grow to $85.62 billion in 2027 at a CAGR of 14.7%.
The electric bikes market research report is one of a series of new reports that provides electric bikes market statistics, including electric bikes industry global market size, regional shares, competitors with a electric bikes market share, detailed electric bikes market segments, market trends and opportunities, and any further data you may need to thrive in the electric bikes industry. This electric bikes 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.
Technological advancements are shaping the electric bikes market. Major companies operating in the electric bikes sector are focused on developing technological solutions for electric bikes to meet customer demand and strengthen their position. For instance, in September 2021, Bosch, a Germany-based technology company has unveiled its new Smart System, a comprehensive package that includes innovative digital advances, such as a new mobile app and wireless remote control, to improve the digitalization of bikes utilizing the company's drivetrain system. Riders may set riding modes, automatically record activity, and integrate fitness apps including Apple Health with the new mobile app.
In January 2022, TVS Motor Company, an Indian motorcycle manufacturer, acquired Swiss E-mobility Group (SEMG). The acquisition is TVS motors’ step towards developing eco-friendly transport solutions for their customers to advance towards a sustainable future. SEMG is the largest Swiss e-bike manufacturer.
Asia-Pacific was the largest region in the electric bikes market in 2022. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the electric bikes report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the electric bikes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The implementation of government regulations to encourage the use of electric bikes is expected to propel the growth of the electric bikes market in the coming years. Electric bikes have a longer range and are easier to use, allowing users to travel without sweating, pull bigger loads, run more errands, and take longer journeys. For instance, in 2021, the FAME India Scheme (Faster Adoption and Manufacturing of (Hybrid & Electric Vehicles) was implemented with a budget of $1.36 billion and it focuses on the electrification of public and shared transportation. Furthermore, in 2021, the California state budget committed $10 million to the Air Resources Board to implement the e-bike rebate program by July 2022. Therefore, the implementation of government regulations to encourage electric bikes drives the electric bikes market.
The electronic bikes market consists of sales of e-moped, e-cycles and e-scooters.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.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the electric bikes market are Accell Group, Derby Cycle AG, Tianjin Fuji-ta Group, Giant Bicycles, Mahindra & Mahindra, Merida Industry Co. Ltd., Pedego Electric Bikes, Tianjin Golden Wheel Bicycle Group Co Ltd., Trek Bicycle Corporation, Pon Bicycle Holding B.V., VanMoof, FRITZMEIER Systems GmbH & Co. KG, Gocycle, Klever Mobility, and Panasonic.
This product will be delivered within 3-5 business days.
The main types of classes in electric bikes are class-I, class-II, and class-III. Class-I is a type of electric bike that has an electric motor and works only while pedaling. The different motor types include mid-motor, hub motor and have various battery types such as lead-acid, lithium-ion (Li-ion), nickel-metal hydride (NiMH), others. It is used in several applications including mountain or trekking, city or urban, cargo, and others.
The global electric bikes market grew from $43.22 billion in 2022 to $49.54 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electric bikes market is expected to grow to $85.62 billion in 2027 at a CAGR of 14.7%.
The electric bikes market research report is one of a series of new reports that provides electric bikes market statistics, including electric bikes industry global market size, regional shares, competitors with a electric bikes market share, detailed electric bikes market segments, market trends and opportunities, and any further data you may need to thrive in the electric bikes industry. This electric bikes 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.
Technological advancements are shaping the electric bikes market. Major companies operating in the electric bikes sector are focused on developing technological solutions for electric bikes to meet customer demand and strengthen their position. For instance, in September 2021, Bosch, a Germany-based technology company has unveiled its new Smart System, a comprehensive package that includes innovative digital advances, such as a new mobile app and wireless remote control, to improve the digitalization of bikes utilizing the company's drivetrain system. Riders may set riding modes, automatically record activity, and integrate fitness apps including Apple Health with the new mobile app.
In January 2022, TVS Motor Company, an Indian motorcycle manufacturer, acquired Swiss E-mobility Group (SEMG). The acquisition is TVS motors’ step towards developing eco-friendly transport solutions for their customers to advance towards a sustainable future. SEMG is the largest Swiss e-bike manufacturer.
Asia-Pacific was the largest region in the electric bikes market in 2022. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the electric bikes report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the electric bikes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The implementation of government regulations to encourage the use of electric bikes is expected to propel the growth of the electric bikes market in the coming years. Electric bikes have a longer range and are easier to use, allowing users to travel without sweating, pull bigger loads, run more errands, and take longer journeys. For instance, in 2021, the FAME India Scheme (Faster Adoption and Manufacturing of (Hybrid & Electric Vehicles) was implemented with a budget of $1.36 billion and it focuses on the electrification of public and shared transportation. Furthermore, in 2021, the California state budget committed $10 million to the Air Resources Board to implement the e-bike rebate program by July 2022. Therefore, the implementation of government regulations to encourage electric bikes drives the electric bikes market.
The electronic bikes market consists of sales of e-moped, e-cycles and e-scooters.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.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the electric bikes market are Accell Group, Derby Cycle AG, Tianjin Fuji-ta Group, Giant Bicycles, Mahindra & Mahindra, Merida Industry Co. Ltd., Pedego Electric Bikes, Tianjin Golden Wheel Bicycle Group Co Ltd., Trek Bicycle Corporation, Pon Bicycle Holding B.V., VanMoof, FRITZMEIER Systems GmbH & Co. KG, Gocycle, Klever Mobility, and Panasonic.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Electric Bikes Market Characteristics
3. Electric Bikes Market Trends And Strategies
4. Electric Bikes Market - Macro Economic Scenario
4.1 COVID-19 Impact On Electric Bikes Market
4.2 Ukraine-Russia War Impact On Electric Bikes Market
4.3 Impact Of High Inflation On Electric Bikes Market
5. Electric Bikes Market Size And Growth
5.1. Global Electric Bikes Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Electric Bikes Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Electric Bikes Market Segmentation
6.1. Global Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Class-I
- Class-II
- Class-III
- Mid Motor
- Hub Motor
- Lead Acid
- Lithium ion (Li-ion)
- Nickel-Metal Hydride (NiMH)
- Other Battery Types
- Mountain Or Trekking
- City Or Urban
- Cargo
- Other Applications
7.1. Global Electric Bikes Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Electric Bikes Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Electric Bikes Market
8.1. Asia-Pacific Electric Bikes Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Electric Bikes Market
9.1. China Electric Bikes Market Overview
9.2. China Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Electric Bikes Market
10.1. India Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Electric Bikes Market
11.1. Japan Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Electric Bikes Market
12.1. Australia Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Electric Bikes Market
13.1. Indonesia Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Electric Bikes Market
14.1. South Korea Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Electric Bikes Market
15.1. Western Europe Electric Bikes Market Overview
15.2. Western Europe Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Electric Bikes Market
16.1. UK Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Electric Bikes Market
17.1. Germany Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Electric Bikes Market
18.1. France Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Electric Bikes Market
19.1. Eastern Europe Electric Bikes Market Overview
19.2. Eastern Europe Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Electric Bikes Market
20.1. Russia Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Electric Bikes Market
21.1. North America Electric Bikes Market Overview
21.2. North America Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Electric Bikes Market
22.1. USA Electric Bikes Market Overview
22.2. USA Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Electric Bikes Market
23.1. South America Electric Bikes Market Overview
23.2. South America Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Electric Bikes Market
24.1. Brazil Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Electric Bikes Market
25.1. Middle East Electric Bikes Market Overview
25.2. Middle East Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Electric Bikes Market
26.1. Africa Electric Bikes Market Overview
26.2. Africa Electric Bikes Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Electric Bikes Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Electric Bikes Market Competitive Landscape And Company Profiles
27.1. Electric Bikes Market Competitive Landscape
27.2. Electric Bikes Market Company Profiles
27.2.1. Accell Group
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Derby Cycle AG
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Tianjin Fuji-ta Group
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Giant Bicycles
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Mahindra & Mahindra
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Electric Bikes Market
29. Electric Bikes 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. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Electric Bikes Global Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on electric bikes global 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 COVID-19 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
Description:
Where is the largest and fastest growing market for electric bikes global? 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 global market global report 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 Class: Class-I; Class-II; Class-III2) By Motor Type: Mid Motor; Hub Motor
3) By Battery Type: Lead Acid; Lithium ion (Li-ion); Nickel-Metal Hydride (NiMH); Other Battery Types
4) By Application: Mountain Or Trekking; City Or Urban; Cargo; Other Applications
Companies Mentioned: Accell Group; Derby Cycle AG; Tianjin Fuji-ta Group; Giant Bicycles; Mahindra & Mahindra
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.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accell Group
- Derby Cycle AG
- Tianjin Fuji-ta Group
- Giant Bicycles
- Mahindra & Mahindra
- Merida Industry Co. Ltd.
- Pedego Electric Bikes
- Tianjin Golden Wheel Bicycle Group Co Ltd
- Trek Bicycle Corporation
- Pon Bicycle Holding B.V.
- VanMoof
- FRITZMEIER Systems GmbH & Co. KG
- Gocycle
- Klever Mobility
- Panasonic.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 49.54 billion |
| Forecasted Market Value ( USD | $ 85.62 billion |
| Compound Annual Growth Rate | 14.7% |
| Regions Covered | Global |
