logo image
search icon
E-Bike Market

E-Bike Market Size, Share & Trends Analysis Report By Class (Class-I, II, III), Speed (Up to 25km/h, 25-45 km/h), Battery Type (Lithium-ion, Lithium-ion Polymer, Lead Acid), Mode (Pedal Assist, Throttle), Component (Batteries, Electric Motors, Frames With Forks, Wheels, Crank Gears, Brake Systems & Motor Controllers), Motor Type, Ownership By Region & Segment Forecasts, 2023-2031

Report ID : 1656 | Published : 2023-03-27 | Pages: 180 | Format: PDF/EXCEL

The Global E-bike Market Size is valued at 38.79 billion in 2022 and is predicted to reach 102.64 billion by the year 2031 at a 11.93% CAGR during the forecast period for 2023-2031.

Electric bikes (E-bikes) are convenient, flexible, environmentally reliable, and modern transportation. Consumers view them as the most suitable replacement for scooters, smart cars, and public transportation. E-bikes, because of their more compact size, capacity to ride further on a single charge, and beneficial impacts on health, have the potential to contribute to the easing of traffic congestion. These factors have contributed to the rapid increase in the popularity of electric bikes all around the globe.

E-bike Market

It is anticipated that the market will expand as a result of factors such as the implementation of government regulations to encourage the use of electric bikes, consumer intention for using e-bikes as an environmentally friendly and efficient commute solution, an increase in the price of fuel, and a rise in interest in cycling as a form of exercise and recreational activity.

The E-bike Market expansion needs to be improved by the increased price of e-bikes and the ban on their use in China's major cities. Additionally, battery technology and bicycle infrastructure advancements are anticipated to present an attractive potential for expanding the electric bike market.

Recent Developments:

  • In January 2022, Giant Bicycles announced a new partnership with Team Bike Exchange-Jayco. This partnership will open the door for the world's top cycling brand to return to competitive road racing at the UCI World Tour level.
  • In March 2021, Cannondale had already announced the release of their Adventure Neo line of commuter e-bikes. The Adventure Neo line has four different models: an alloy frame, step-through design, Bosch driving system, and battery capacity ranging from 400 to 625Wh. 

Competitive Landscape

Some of the E-bike Market players are:

  • A2B (London)
  • Accell Group (Netherlands)
  • AIMA Technology Group Co. Ltd.
  • Amego Electric Vehicles Inc. (Canada)
  • Bionx International Corporation (Canada)
  • Derby Cycle
  • I.V. E. Bianchi S.p.A. (Italy)
  • Fuji-ta Bicycle Co., Ltd.
  • GenZe (US)
  • Giant Manufacturing Co., Ltd.
  • ITALJET SPA (Italy)
  • Jiangsu Xinri E-Vehicle Co., Ltd.
  • Karbon Kinetics Ltd (UK)
  • Kawasaki Motors Corp. (USA)
  • Mahindra & Mahindra Ltd. (GenZe)
  • Merida Industry Co.Ltd. (China)
  • myStromer AG (Switzerland)
  • Panasonic Corporation (Japan)
  • Pedego Electric Bikes (US)
  • Bike (US)
  • Prodecotech, LLC
  • Rad Power Bikes (U.S.)
  • Riese & Müller GmbH (Germany)
  • Robert Bosch GmbH (Germany)
  • Shimano Inc. (Japan)
  • Solex Cycle North America Inc. (Canada)
  • Specialized Bicycle Components, Inc. (US)
  • Sporttechnik GmbH & Co. KG (Germany)
  • Tianjin Golden Wheel Group Co., Ltd.
  • Trek Bicycle Corporation
  • VanMoof (Netherlands)
  • Yadea Group Holdings Ltd.
  • Yamaha Motor Company (Japan) 

Market Segmentation:

The e-bike market is segmented based on class, speed, motor type, mode, battery type, component, usage, and ownership. Based on class, the market is segregated into Class-I, Class II and Class III. Based on speed, the market is segregated into up to 25km/h and 25-45 km/h. Based on battery type, the market is segregated  into lithium-ion, lithium-ion polymer, lead acid and others. Based on motor type, the market is segmented into hub and mid. Based on mode, the market is segmented into pedal assist and throttle. Based on components, the market is segregated into batteries, electric motors, frames with forks, wheels, crank gears, brake systems and motor controllers. Based on usage, the market is segmented into mountain, trekking, city/urban, cargo and others. Based on ownership, the market is segmented into shared and personal.

Based On Battery Type, The Lithium-Ion Battery Segment Is A Major Contributor To The E-bike Market. 

Currently, lithium-ion (Li-ion) batteries rule the e-bike industry. Due to their high energy density, prolonged cycle life, and low self-discharge rate, lithium-ion batteries are frequently utilized in e-bikes. These batteries are also smaller and lighter than other varieties, which makes them the perfect option for e-bikes, which need batteries that can supply enough power for long rides while also being lightweight. Li-ion batteries are also practical for e-bike users because they are simple to charge and have a significant amount of range per charge. E-bikes can now travel farther and faster because of the availability of high-capacity Li-ion batteries, further boosting customer interest in them.

The Pedal Segment Witnessed Growth At A Rapid Rate.

The pedal segment is projected to grow at a rapid rate in the global E-bike Market. The pedal-assist category dominates the market for e-bikes, sometimes referred to as the pedelec segment. Pedal-assist e-bikes contain a motor that helps the rider while they pedal; the level of assistance may be changed to suit the rider's preferences. This e-bike is intended to simplify cycling, especially for those who might find it challenging to ride a traditional bike, such as elderly folks or those who are physically limited. Because of their convenience and adaptability, pedal-assist e-bikes are becoming more and more popular. They provide riders with the best of both worlds by enabling them to benefit from cycling's physical advantages while having access to an electric motor when necessary. They are now a well-liked option for commuting, recreational riding, and other uses.

The Asia Pacific E-bike Market Holds A Significant Revenue Share In The Region.

The Asia Pacific E-bike Market is expected to record the highest market share in revenue shortly. Due to a significant increase in the production and demand for e-bikes, the Asia Pacific region has become the world leader in the e-bike market. A certain percentage of market revenue is concentrated in the area, with China leading the pack and producing most of the e-bikes sold worldwide. This is expected to fuel the region's e-bike market growth even more.

Moreover, the e-bike market in the Middle East and Africa is still in the early stages of adoption and is expected to develop at the quickest rate in the future years. The rapid development of micro-mobility infrastructure in the area is the main factor causing the region to grow tremendously. Additionally, the region has recently been looking for enticing demand for bike-sharing programs.

E-bike Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 38.79 Bn

Revenue forecast in 2031

USD 102.64 Bn

Growth rate CAGR

CAGR of 11.93% from 2023 to 2031

Quantitative units

Representation of revenue in US$ Billion, Volume (Thousand Units) and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Class, Speed, Motor Type, Mode, Battery Type, Component, Usage, And Ownership

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Accell Group (Netherlands) Pon. Bike (US), Merida Industry Co.Ltd. (China), Giant Manufacturing Co.Ltd. (Taiwan), and Yamaha Motor Company (Japan)

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Lithium-ion Battery Market Snapshot

Chapter 4. Global Lithium-ion Battery Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Component Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Class Estimates & Trend Analysis
5.1. by Class & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Class:

5.2.1. Class-I
5.2.2. Class-II
5.2.3. Class-III

Chapter 6. Market Segmentation 2: by Speed Estimates & Trend Analysis
6.1. by Speed & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Speed:

6.2.1. Up to 25 km/h
6.2.2. 25-45 km/h

Chapter 7. Market Segmentation 3: by Battery Type Estimates & Trend Analysis
7.1. by Battery Type & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Battery Type:

7.2.1. Lithium-ion
7.2.2. Lithium-ion Polymer
7.2.3. Lead Acid
7.2.4. Others

Chapter 8. Market Segmentation 4: by Motor Type Estimates & Trend Analysis
8.1. by Motor Type & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Motor Type:

8.2.1. Hub
8.2.2. Mid

Chapter 9. Market Segmentation 5: by Mode Estimates & Trend Analysis
9.1. by Mode & Market Share, 2019 & 2031
9.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Mode:

9.2.1. Pedal Assist
9.2.2. Throttle

Chapter 10. Market Segmentation 6: by Component Estimates & Trend Analysis
10.1. by Component& Market Share, 2019 & 2031
10.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Component:

10.2.1. Batteries
10.2.2. Electric Motors
10.2.3. Frames With Forks
10.2.4. Wheels
10.2.5. Crank Gears
10.2.6. Brake Systems
10.2.7. Motor Controller

Chapter 11. Market Segmentation 7: by Usage Estimates & Trend Analysis
11.1. by Usage & Market Share, 2019 & 2031
11.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Usage:

11.2.1. Mountain
11.2.2. Trekking
11.2.3. City/Urban
11.2.4. Cargo
11.2.5. Others

Chapter 12. Market Segmentation 8: by Ownership Estimates & Trend Analysis
12.1. by Ownership & Market Share, 2019 & 2031
12.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Ownership:

12.2.1. Shared
12.2.2. Personal

Chapter 13. Lithium-ion Battery Market Segmentation 9: Regional Estimates & Trend Analysis

13.1. North America

13.1.1. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Class, 2023-2031
13.1.2. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Speed, 2023-2031
13.1.3. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Battery Type, 2023-2031
13.1.4. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Motor Type, 2023-2031
13.1.5. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Mode, 2023-2031
13.1.6. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Component, 2023-2031
13.1.7. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Usage, 2023-2031
13.1.8. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Ownership, 2023-2031
13.1.9. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

13.2. Europe

13.2.1. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Class, 2023-2031
13.2.2. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Speed, 2023-2031
13.2.3. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Battery Type, 2023-2031
13.2.4. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Motor Type, 2023-2031
13.2.5. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Mode, 2023-2031
13.2.6. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Component, 2023-2031
13.2.7. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Usage, 2023-2031
13.2.8. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Ownership, 2023-2031
13.2.9. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

13.3. Asia Pacific

13.3.1. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Class, 2023-2031
13.3.2. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Speed, 2023-2031
13.3.3. Asia-Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Battery Type, 2023-2031
13.3.4. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Motor Type, 2023-2031
13.3.5. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Mode, 2023-2031
13.3.6. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Component, 2023-2031
13.3.7. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Usage, 2023-2031
13.3.8. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Ownership, 2023-2031
13.3.9. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

13.4. Latin America

13.4.1. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Class, 2023-2031
13.4.2. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Speed, 2023-2031
13.4.3. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Battery Type, 2023-2031
13.4.4. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Motor Type, 2023-2031
13.4.5. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Mode, 2023-2031
13.4.6. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Component, 2023-2031
13.4.7. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Usage, 2023-2031
13.4.8. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Ownership, 2023-2031
13.4.9. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

13.5. Middle East & Africa

13.5.1. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Class, 2023-2031
13.5.2. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Speed, 2023-2031
13.5.3. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Battery Type, 2023-2031
13.5.4. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Motor Type, 2023-2031
13.5.5. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Mode, 2023-2031
13.5.6. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Component, 2023-2031
13.5.7. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Usage, 2023-2031
13.5.8. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Ownership, 2023-2031
13.5.9. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

Chapter 14. Competitive Landscape

14.1. Major Mergers and Acquisitions/Strategic Alliances

14.2. Company Profiles


14.2.1. A2B (London)
14.2.2. Accell Group (Netherlands)
14.2.3. AIMA Technology Group Co. Ltd.
14.2.4. Amego Electric Vehicles Inc. (Canada)
14.2.5. Bionx International Corporation (Canada)
14.2.6. Derby Cycle
14.2.7. F.I.V. E. Bianchi S.p.A. (Italy)
14.2.8. Fuji-ta Bicycle Co., Ltd.
14.2.9. GenZe (US)
14.2.10. Giant Manufacturing Co., Ltd.
14.2.11. ITALJET SPA (Italy)
14.2.12. Jiangsu Xinri E-Vehicle Co., Ltd.
14.2.13. Karbon Kinetics Ltd (UK)
14.2.14. Kawasaki Motors Corp. (USA)
14.2.15. Mahindra & Mahindra Ltd. (GenZe)
14.2.16. Merida Industry Co.Ltd. (China)
14.2.17. myStromer AG (Switzerland)
14.2.18. Panasonic Corporation (Japan)
14.2.19. Pedego Electric Bikes (US)
14.2.20. Pon.Bike (US)
14.2.21. Prodecotech, LLC
14.2.22. Rad Power Bikes (U.S.)
14.2.23. Riese & Müller GmbH (Germany)
14.2.24. Robert Bosch GmbH (Germany)
14.2.25. Shimano Inc. (Japan)
14.2.26. Solex Cycle North America Inc. (Canada)
14.2.27. Specialized Bicycle Components, Inc. (US)
14.2.28. Sporttechnik GmbH & Co. KG (Germany)
14.2.29. Tianjin Golden Wheel Group Co., Ltd.
14.2.30. Trek Bicycle Corporation
14.2.31. VanMoof (Netherlands)
14.2.32. Yadea Group Holdings Ltd.
14.2.33. Yamaha Motor Company (Japan)
14.2.34. Other Prominent Players

Segmentation of E-bike Market -

E-bike Market By Class-

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

E-bike Market

E-bike Market By Speed-

  • up to 25km/h
  • 25-45 km/h

E-bike Market By Battery type-

  • Lithium-ion
  • Lithium-ion Polymer
  • Lead Acid
  • Others

E-bike Market By Motor type-

  • Hub
  • Mid

E-bike Market By Mode-

  • Pedal Assist
  • Throttle

E-bike Market By Component-

  • Batteries
  • Electric Motors
  • Frames With Forks
  • Wheels
  • Crank Gears
  • Brake Systems
  • Motor Controller

E-bike Market By Usage-

  • Mountain
  • Trekking
  • City/Urban
  • Cargo
  • Others

E-bike Market By Ownership-

  • Shared
  • Personal

E-bike Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

user icon
office icon
mail icon
call icon

This website is secure, and we do not share your personal information with any third party. Privacy Policy

Need Customization
Need specific information/chapter from the report of the custom data table, graph or complete report? Tell us more.

Frequently Asked Questions

How big is the E-bike Market?

E-bike Market expected to grow at a 11.93% CAGR during the forecast period for 2023-2031

Accell Group (Netherlands) Pon. Bike (US), Merida Industry Co.Ltd. (China), Giant Manufacturing Co.Ltd. (Taiwan), and Yamaha Motor Company (Japan)

Our Clients

  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo

Media Citations

  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo

Growth opportunities and latent adjacency in Automotive and Transportation

Select Licence Type
$4456
$7786
$10000
$1200
Get Your GTM Strategy

Navigate market entry with channel selection, launch strategy & timeline, and pricing model support.

Equip yourself with the insights needed to develop a winning go-to-market strategy

Get real-time updates and joint control over project direction with our collaborative approach