Latin America E-Bikes Market Outlook, 2026

Latin America E-Bikes Market Outlook, 2026

Bonafide Research 01-10-2021 98 Pages Figures : 11 Tables : 60
Region : South America Category : Automotive & Transport Automotive

1. Accell Group

2. Specialized Bicycle Components, Inc

3. Brompton Bicycle Limited

4. Giant Manufacturing Co. Limited

5. Merida Industry Co. Limited


An electric bicycle is a bicycle equipped with an electric motor that may be activated to assist with or replace pedalling. The earlier image of these cycles was it being a vehicle for the lazy peddlers or the elder age group people. These bikes/ bicycles allow making pedalling easier by drawing power from the attached battery. The tiring exercise can be made into a fun ride with just acceleration by the press of a button. The report titled 'Latin America E-Bikes Market Outlook, 2026' published by Bonafide Research identifies and discusses recent developments in electric mobility across the Latin American region. This report not only serves with the facts, figures, and forecasts but also has a detailed study about the Covid effect on the electric bicycle industry.

Globally, Latin America is the lowest contributing region, which in 2015 accounted for less than 2% in terms of value share. Traffic can be considered as one of the major market drivers in the region. Bogota- the capital of Colombia is said to be the 3rd most congested city in the world. Technological advancement is aiding the market of electric bicycles to grow at a rapid pace. However, the high-cost difference between the e-cycles over the conventional ones is the biggest hindrance in the Latin America market. By the end of the forecasted period, the market is expected to be crossing a volume of 0.74 Million Units. Yet, the concept of electric bike leasing and renting is gaining more popularity among the millennials, which is expected to allow the market to grow with a value CAGR of 10.39% in the coming period. The people opt for renting as they are cost-effective and make their commute easy even in heavy traffic congestion.

Many tax measures taken by various national governments are an important support in the market which is to fuel the demand in the coming period. In the type of propulsion, the market is dominated by the pedal-assist bikes, which in 2020 held to a little less share than 90% by volume. Cities like Bogota, Lima, Quito, and Buenos Aires have already started promoting cycling as an effort to reduce overcrowding in public transports during the post-Covid 19. The throttle propulsion type segment is expected to be growing at an anticipated CAGR of more than 65%, in the forecasted period. Recently, electric bicycles have gained much attraction with the features like convenience, low noise & long battery life. The market in terms of battery type is led by the lithium-ion battery-powered electric bikes, which by 2026 is to hold a market share of more than 79%.

With the added advantage of an extended battery that supports recreational activities like trekking, more and more people are now choosing e-bikes. Even though the use of electric bicycles is high within the city/urban mobility, the use in the cargo sector is expected to be inclining with a high potential of 13.65% CAGR in the coming years. With the growing environmental awareness among the people, it is no surprise that the region will be quick in adopting this sustainable mobility alternative.

The region is now witnessing an incline in the presence of a number of international companies and various local startups, bringing in more technologically advanced electric bicycles. Due to the economic constraints, many e-bike rental companies are also tapping the market by expanding their coverage area and adding more models to their fleet. This region has now become one of the major attractions with the number of legal frameworks and public policies that have been brought in to stimulate electric mobility. Many countries also offer fiscal and/or non-fiscal incentives towards the purchase of electric bicycles/ e-bikes, which is to aid the market growth directly.

Companies Mentioned:
Yadea Group Holdings Ltd., Accell Group, Giant Manufacturing Co., Ltd., Merida Industry Co. Ltd, Pon Bikes, Rad Power Bikes Llc, Riese & Müller Gmbh, Trek Bicycle, Brompton Bicycle Limited, Specialized Bicycle Components, Inc., The Electric Bike Company, Pedego Electric Bikes

• Geography: Global
• Base year: 2020
• Historical year: 2015
• Forecasted year: 2026

• Latin America
• Brazil
• Argentina
• Columbia

• Global Market Size By Value for the time period (2015-2026F)
• Global Market Size By Volume for the time period (2015-2026F)
• Latin America Market Size By Value for the time period (2015-2026F)
• Latin America Market Size By Volume for the time period (2015-2026F)
• Country Wise Market Size By Value for the time period (2015-2026F)
• Country Wise Market Size By Volume for the time period (2015-2026F)
• Market Share by Propulsion Type (Pedal Assisted & Throttle) By Volume
• Market Share by Class (Class 1: Pedal Assist, Class 2: Throttle On Demand, & Class3: Speed Pedelec) By Volume
• Market Share by Application (City/ Urban, Trekking, Cargo & Others) By Volume
• Market Share by Battery (Lithium-Ion, Lead Acid, & Others) By Volume
• Market Share by Country
• Market Share by Company

This report would help you answer the following questions:
1. What is the market size and forecast of the Electric Bicycle (E-Bikes) Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Electric Bicycle (E-Bikes) Market during the forecast period?
3. Which region outstands in the Electric Bicycle (E-Bikes) Market?
4. Which are the segments to invest in over the forecast period in the Electric Bicycle (E-Bikes) Market?
5. What is the competitive strategic window for opportunities in the Electric Bicycle (E-Bikes) Market?
6. What are the technology trends and regulatory frameworks in the Electric Bicycle (E-Bikes) Market?
7. What are the major companies in the Electric Bicycle (E-Bikes) Market?

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