Electric Bicycles Market Future Estimated 55.58 billion USD By Rising Demand, Industry Size, Top Players Growth, Technology and Global Trends 2030

Electric Bicycles Market Overview

The industry for electric bicycles market is expected to reach a value of US$ 55.58 billion by 2030, growing at a CAGR of 10.17 percent from 2023 – 2030. By then, the Asia Pacific area will be a significant player in the international e-bike market.

Electric bikes are bicycles with an integrated electric motor drive system and a battery that generates propulsion power or propulsion assistance. Electric bikes come in wide varieties, from those with a modest motor to help the rider’s pedalling to more powerful models that may be throttled to operate the bike.

Electric bikes are a practical, flexible, eco-friendly, and fashionable mode of transportation. Customers regard them as the best alternative to intelligent vehicles, scooters, plus public transportation. Due to their lower size, ability to travel farther on a single charge, and positive effects on health, e-bikes can help reduce traffic congestion. These factors help explain why electric motorcycles are becoming more and more popular worldwide.

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Electric Bicycles Key Players:

• Giant Manufacturing Co. Ltd. (Taiwan)
• Derby Cycle
• Easy Motion (USA)
• Accell Group N.V. (Netherlands)
• Yamaha Motor Corporation (Japan)
• Merida Industry Co. Ltd. (China).
• Moustache Bikes Bike (US)
• NYCeWheels, among others

Electric Bicycles Market Segmentation

The market for electric bicycles is segmented based on speed, class, battery, application, and geography, with a CAGR of 10.17%. During the forecast timeframe, the industry trends for electric bicycles are anticipated to expand respectably.

By Application

Depending on the application, the application is divided into city travel, adhesives, freight movement, coatings, rural and urban areas, climbing, and hiking.

By Consumers

Based on the different types of propulsion, the market is divided into polymer, lithium-ion, and lead acids.

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Regional classification

According to reports, the world market for electric bicycles is segmented into North America, Asia Pacific, Europe, and the rest of the globe. The top market competitors within each of the four major geographical areas must be successful for the electric bicycle market to earn a significant income.

The electric bicycles market prediction predicts that the Asia-Pacific area will have been a dominant force in the industry’s overall performance by the end of the global estimated timeframe by 2030. The markets in the Asia-Pacific area and North America includes the markets in the USA, Canada, and the rest of the world. Additionally, economies like India, Taiwan, and Japan are emerging as potential growth markets for electric motorbikes, with the potential to encourage an increase in the sales of electric bikes.

Electric bike manufacturers in North America and the European market are refocusing on the mid-motors business sub-segment to compete. The perks, such as the lighter weight and small size, are the leading cause of this. Furthermore, these motors provide less background noise. As a result, it is anticipated that this market sector in these regions will grow at a respectable compound annual growth rate.

Industry news

The market is anticipated to grow as a result of some factors. These include adopting government regulations to promote the use of electric bikes, consumer preference for using e-bikes as an eco-friendly & effective commute solution, rising fuel costs, and increasing interest in cycling as a fitness & recreational activity. Additionally, battery technology and bicycle infrastructure advancements are anticipated to present the attractive potential for expanding the electric bike market. The industry’s growth is hampered by the high price of e-bikes and the ban on their use in China’s large cities.

Table of Contents:

1 Executive Summary

2 Introduction

2.1 Definition 14

2.2 Scope Of The Study 14

2.3 Assumptions 14

2.4 Market Structure 15

3 Research Methodology

3.1 Research Process 16

3.2 Primary Research 17

3.3 Secondary Research 17

3.4 Market Size Estimation 17

3.5 Forecast Model 19

4 Market Dynamics

4.1 Introduction 20

4.2 Market Drivers 20

4.2.1 Strict Government Regulations And Emergence Of Eco-Friendly Vehicles 20

4.2.2 Growing Demand For E-Bikes Among Tourists 21

4.2.3 Better Rides With Less Physical Effort 23

4.2.4 Increased Fuel Prices 23

4.3 Restraints 23

4.3.1 High Prices Of E-Bikes And Their Batteries 23

4.3.2 Underdeveloped Aftermarket Services 23

4.4 Opportunities 24

4.4.1 Proposal To Improve Cycle Lane Infrastructure 24

4.4.2 Emerging Economies Seek More Opportunities For Electric Bicycles 24

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5 Market Factor Analysis

5.1 Porter’s Five Forces Analysis 25

5.1.1 Threat Of New Entrants 25

5.1.2 Bargaining Power Of Buyers 25

5.1.3 Bargaining Power Of Suppliers 26

5.1.4 Threat Of Substitutes 26

5.1.5 Rivalry 26

5.2 Supply Chain Analysis 27

…continued

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