Global Electric Bicycle Market Overview, 2022-2027

Global Electric Bicycle Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities.

Featured Companies

  • 1. Accell Group
  • 2. Specialized Bicycle Components, Inc
  • 3. Brompton Bicycle Limited
  • 4. Giant Manufacturing Co. Limited
  • 5. Merida Industry Co. Limited
  • 6. Pedego Electric Bikes
  • 7. PON Bikes
  • 8. Rad Power Bikes LLC
  • 9. Riese & Müller GmbH
  • More...

The major advantage of electric bicycles other than being environmentally friendly is that it offers the same benefits like the traditional cycles, and also not requires any licenses or insurance in major parts of the world. Added with all these, an electric bike looks much classier than the regular cycles. This is expected to be one of the major reasons for the sales boost in the coming period. One of the real advantages of electric bikes is the efficiency while the rider is climbing a rough trail or fighting the wind. E-bikes are now a relief for the people who love to cycle but wryer previously restricted due to health limitations like asthma or knee pain. Apart from being a common choice for the daily commute, the use of electric bicycles in cargo is also inclining. The report titled 'Global Electric Bicycle (E-Bikes) Market Outlook, 2027’ published by Bonafide Research identifies and discusses recent developments in electric mobility across the globe. 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. According to the report, the market was valued at more than USD 29 Billion, which is anticipated to reach around USD 49 Billion during the forecast period. Further, the market is projected to rise with more than 8% CAGR for 2022-2027. Many governments across the world are taking initiatives towards the reduction of carbon footprints and encouraging electric bicycles to use is one of the most prominent steps. This is expected to be the major market driver in the coming years. The electric bike reduces the maintenance costs as it has a very low number of moving parts when compared to the fuel run bikes. The lightweight of these bicycles has aided it to gain popularity among the different age groups. The ease of use and control are also a few of the added advantages of electric bikes. In a throttle e-bike, pedalling is optional as the bike moves forward with the motor push generated at the ease of a button or a twist. However, currently, the market is led by pedal-assisted electric bikes, which held approximately 70% of the market share.

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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The global electric bicycle market is led by the Asia Pacific with more than 70% of the market share in terms of both- value & volume. This is mainly because of China, which has more electric bikes than cars on the road and thus held to nearly 50% of the global e-bikes in terms of volume. The major difference between the electric cycle market in China and other European or North American countries is the battery used in the cycle. In China, there is a high use of lead-acid batteries, while the counterparts use lithium-ion or nickel-metal hydride. Covid-19 Impacts: Due to the COVID-19 pandemic, commuters are mostly avoiding public transportation. According to industry experts and e-bike manufacturers, such as Rad Power Bike, VanMoof, and Lectric e-bike, e-bikes are increasingly considered an ideal transportation mode as cities emerge from the quarantine approaches in the US and Europe. In addition, owing to the government restrictions on public transport because of social-distancing guidelines, commuters are adopting the bike as the mode of day-to-day transportation. Thus, the electric bike industry is one of those industries that is poised for better growth post-Covid-19. However, the sale of e-bikes was dampened in the first quarter of 2020, as e-bike stores were closed due to lockdown. Apart from increasing consumer preference toward recreational and adventure activities, the adoption of e-bike applications in several sectors, like logistics and e-bike rental services, is expected to drive the market during the forecast period. As cities worldwide emerge from lockdowns, the demand for e-bikes is picking up pace due to their convenience and cost of operations. Regions such as Europe are witnessing a shift in consumer motive for buying an e-bike from leisure to daily use. Major companies present in the market Accell Group, Brompton Bicycle Limited, Giant Manufacturing Co. Limited, Merida Industry Co. Limited, Pedego Electric Bikes, PON Bikes, Rad Power Bikes LLC, Riese & Müller GmbH, Specialized Bicycle Components, Inc., The Electric Bike Company, Trek Bicycle, Yadea Group Holdings Ltd

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Manmayi Raval

Manmayi Raval

Research Consultant

Considered in this report • Geography: Global • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Global Electric Bicycle (E-Bikes) market with its value and forecast along with its segments • Region-wise toy market analysis • Various divers and challenges • Ongoing trends and developments • Five force models • Top profiled companies • Strategic recommendation Regions covered in the report • North America • Europe • Asia-Pacific • Latin America • Middle-East & Africa

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Manmayi Raval

Segment covered in the report By Propulsion Type •Pedal Assist • Throttle By Class Type •Class 1: Pedal Assist •Class 2: Throttle On Demand •Class 3: Speed Pedelec By Battery Type •Lithium-Ion Battery •Lead-Acid Battery •Others By Application •City/Urban •Trekking (E-mountain Bikes/e-MTB) •Cargo •Others (Speed e-bikes, Foldable, Fat Bicycle) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing the government- generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have verified the details obtained from secondary sources. Intended audience This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to electric bicycle products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Accell Group
  • Specialized Bicycle Components, Inc
  • Brompton Bicycle Limited
  • Giant Manufacturing Co. Limited
  • Merida Industry Co. Limited
  • Pedego Electric Bikes
  • PON Bikes
  • Rad Power Bikes LLC
  • Riese & Müller GmbH
  • The Electric Bike Company
  • Trek Bicycle
  • Yadea Group Holdings Ltd.

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definitions
  • 4. Economic /Demographic Snapshot
  • 5. Global Electric Bicycle (E-Bikes) Market Outlook
  • 5.1. Market Size
  • 5.1.1. By Value
  • 5.1.2. By Volume
  • 5.2. Market Share
  • 5.2.1. By Region
  • 5.2.2. By Country
  • 5.2.3. By Company
  • 5.2.4. By Propulsion Type
  • 5.2.5. By Class
  • 5.2.6. By Battery Type
  • 5.2.7. By Application
  • 6. North America Electric Bicycle (E-Bikes) Market Outlook
  • 6.1. Market Size
  • 6.1.1. By Value
  • 6.1.2. By Volume
  • 6.2. Market Share
  • 6.2.1. By Country
  • 6.2.2. By Propulsion Type
  • 6.2.3. By Class
  • 6.2.4. By Battery Type
  • 6.2.5. By Application
  • 7. Europe Electric Bicycle (E-Bikes) Market Outlook
  • 7.1. Market Size
  • 7.1.1. By Value
  • 7.1.2. By Volume
  • 7.2. Market Share
  • 7.2.1. By Country
  • 7.2.2. By Propulsion Type
  • 7.2.3. By Class
  • 7.2.4. By Battery Type
  • 7.2.5. By Application
  • 8. Asia-Pacific Electric Bicycle (E-Bikes) Market Outlook
  • 8.1. Market Size
  • 8.1.1. By Value
  • 8.1.2. By Volume
  • 8.2. Market Share
  • 8.2.1. By Country
  • 8.2.2. By Propulsion Type
  • 8.2.3. By Class
  • 8.2.4. By Battery Type
  • 8.2.5. By Application
  • 9. Latin America Electric Bicycle (E-Bikes) Market Outlook
  • 9.1. Market Size
  • 9.1.1. By Value
  • 9.1.2. By Volume
  • 9.2. Market Share
  • 9.2.1. By Country
  • 9.2.2. By Propulsion Type
  • 9.2.3. By Class
  • 9.2.4. By Battery Type
  • 9.2.5. By Application
  • 10. Middle East & Africa Electric Bicycle (E-Bikes) Market Outlook
  • 10.1. Market Size
  • 10.1.1. By Value
  • 10.1.2. By Volume
  • 10.2. Market Share
  • 10.2.1. By Country
  • 10.2.2. By Propulsion Type
  • 10.2.3. By Class
  • 10.2.4. By Battery Type
  • 10.2.5. By Application
  • 11. Market Dynamics
  • 11.1. Market Drivers
  • 11.2. Market Challenges
  • 12. Market Trends and Developments
  • 12.1. XXXXX
  • 12.2. XXXXX
  • 12.3. XXXXX
  • 12.4. XXXXX
  • 12.5. XXXXX
  • 13. Porter's Five Forces
  • 14. Company Profiles
  • 14.1. Accell Group
  • 14.2. Brompton Bicycle Limited
  • 14.3. Giant Manufacturing Co. Limited
  • 14.4. Merida Industry Co. Limited
  • 14.5. Pedego Electric Bikes
  • 14.6. PON Bikes
  • 14.7. Rad Power Bikes LLC
  • 14.8. Riese & Müller GmbH
  • 14.9. Specialized Bicycle Components, Inc.
  • 14.10. The Electric Bike Company
  • 14.11. Trek Bicycle
  • 14.12. Yadea Group Holdings Ltd.
  • 15. Company Overviews
  • 15.1. BH Bikes
  • 15.2. BMZ GmbH
  • 15.3. Brose Fahrzeugteile Se & Co Kg
  • 15.4. Tianjin Fuji-ta Bicycle Co.,Ltd.
  • 15.5. Golden Wheel Group
  • 15.6. Hero Lectro E-Cycles
  • 15.7. Jiangsu Xinri E-Vehicle Co., Ltd.
  • 15.8. Mahindra & Mahindra Limited (Mahindra Group)
  • 15.9. Robert Bosch GmbH
  • 15.10. Shimano INC
  • 15.11. STROMER
  • 15.12. VANMOOF
  • 15.13. Yamaha Motor Co., Ltd.
  • 16. Strategic Recommendations
  • 17. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2021
Table 2: Economic Snapshot of Other Prominent Countries 2021
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Electric Bicycle (E-Bikes) Market Share by Region By Value (2016, 2021 & 2027F)
Table 5: Global Electric Bicycle (E-Bikes) Market Share by Region By Volume (2016, 2021 & 2027F)
Table 6: Global Electric Bicycle (E-Bikes) Market Share By Volume By Country (2016, 2021 & 2027F)
Table 7: Global Electric Bicycle (E-Bikes) Market Share By Value By Country (2016, 2021 & 2027F)
Table 8: Global Electric Bicycle (E-Bikes) Market Share by Company (2020)
Table 9: Global Electric Bicycle (E-Bikes) Market Share By Application By Volume (2016, 2021 & 2027F)
Table 10: North America Electric Bicycle (E-Bikes) Market Share By Value By Country (2016, 2021 & 2027F)
Table 11: North America Electric Bicycle (E-Bikes) Market Share By Volume By Country (2016, 2021 & 2027F)
Table 12: North America Electric Bicycle (E-Bikes) Market Share By Application By Volume (2016, 2021 & 2027F)
Table 13: Europe Electric Bicycle (E-Bikes) Market Share By Value By Country (2016, 2021 & 2027F)
Table 14: Europe Electric Bicycle (E-Bikes) Market Share By Volume By Country (2016, 2021 & 2027F)
Table 15: Europe Electric Bicycle (E-Bikes) Market Share By Application By Volume (2016, 2021 & 2027F)
Table 16: Asia-Pacific Electric Bicycle (E-Bikes) Market Share By Value By Country (2016, 2021 & 2027F)
Table 17: Asia-Pacific Electric Bicycle (E-Bikes) Market Share By Volume By Country (2016, 2021 & 2027F)
Table 18: Asia-Pacific Electric Bicycle (E-Bikes) Market Share By Application By Volume (2016, 2021 & 2027F)
Table 19: Latin America Electric Bicycle (E-Bikes) Market Share By Value By Country (2016, 2021 & 2027F)
Table 20: Latin America Electric Bicycle (E-Bikes) Market Share By Volume By Country (2016, 2021 & 2027F)
Table 21: Latin America Electric Bicycle (E-Bikes) Market Share By Application By Volume (2016, 2021 & 2027F)
Table 22: Middle East & Africa Electric Bicycle (E-Bikes) Market Share By Value By Country (2016, 2021 & 2027F)
Table 23: Middle East & Africa Electric Bicycle (E-Bikes) Market Share By Volume By Country (2016, 2021 & 2027F)
Table 24: Middle East & Africa Electric Bicycle (E-Bikes) Market Share By Application By Volume (2016, 2021 & 2027F)
Table 25: Key Facts of Accell Group
Table 26: Key Facts of Brompton Bicycle Limited
Table 27: Key Facts of Giant Manufacturing Co. Limited
Table 28: Key Facts of Merida Industry Co. Limited
Table 29: Key Facts of Pedego Electric Bikes
Table 30: Key Facts of PON Bikes
Table 31: Key Facts of Rad Power Bikes LLC
Table 32: Key Facts of Riese & Müller GmbH
Table 33: Key Facts of Specialized Bicycle Components, Inc.
Table 34: Key Facts of Accell Group
Table 35: Key Facts of Trek Bicycle
Table 36: Key Facts of Yadea Group Holdings Ltd.
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List of Figures
Figure 1: Global Electric Bicycle (E-Bikes) Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 2: Global Electric Bicycle (E-Bikes) Market Size – By Volume 2016 to 2027F (In USD Billion)
Figure 3: Global Electric Bicycle (E-Bikes) Market Share By Propulsion Type By Volume (2016, 2021 & 2027F)
Figure 4: Global Electric Bicycle (E-Bikes) Market Share By Class By Volume (2016, 2021 & 2027F)
Figure 5: Global Electric Bicycle (E-Bikes) Market Share By Battery Type By Volume (2016, 2021 & 2027F)
Figure 6: North America Electric Bicycle (E-Bikes) Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 7: North America Electric Bicycle (E-Bikes) Market Size – By Volume 2016 to 2027F (In USD Billion)
Figure 8: North America Electric Bicycle (E-Bikes) Market Share By Propulsion Type By Volume (2016, 2021 & 2027F)
Figure 9: North America Electric Bicycle (E-Bikes) Market Share By Class By Volume (2016, 2021 & 2027F)
Figure 10: North America Electric Bicycle (E-Bikes) Market Share By Battery Type By Volume (2016, 2021 & 2027F)
Figure 11: Europe Electric Bicycle (E-Bikes) Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 12: Europe Electric Bicycle (E-Bikes) Market Size – By Volume 2016 to 2027F (In USD Billion)
Figure 13: Europe Electric Bicycle (E-Bikes) Market Share By Propulsion Type By Volume (2016, 2021 & 2027F)
Figure 14: Europe Electric Bicycle (E-Bikes) Market Share By Class By Volume (2016, 2021 & 2027F)
Figure 15: Europe Electric Bicycle (E-Bikes) Market Share By Battery Type By Volume (2016, 2021 & 2027F)
Figure 16: Asia-Pacific Electric Bicycle (E-Bikes) Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 17: Asia-Pacific Electric Bicycle (E-Bikes) Market Size – By Volume 2016 to 2027F (In USD Billion)
Figure 18: Asia-Pacific Electric Bicycle (E-Bikes) Market Share By Propulsion Type By Volume (2016, 2021 & 2027F)
Figure 19: Asia-Pacific Electric Bicycle (E-Bikes) Market Share By Class By Volume (2016, 2021 & 2027F)
Figure 20: Asia-Pacific Electric Bicycle (E-Bikes) Market Share By Battery Type By Volume (2016, 2021 & 2027F)
Figure 21: Latin America Electric Bicycle (E-Bikes) Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 22: Latin America Electric Bicycle (E-Bikes) Market Size – By Volume 2016 to 2027F (In USD Billion)
Figure 23: Latin America Electric Bicycle (E-Bikes) Market Share By Propulsion Type By Volume (2016, 2021 & 2027F)
Figure 24: Latin America Electric Bicycle (E-Bikes) Market Share By Class By Volume (2016, 2021 & 2027F)
Figure 25: Latin America Electric Bicycle (E-Bikes) Market Share By Battery Type By Volume (2016, 2021 & 2027F)
Figure 26: Middle East & Africa Electric Bicycle (E-Bikes) Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 27: Middle East & Africa Electric Bicycle (E-Bikes) Market Size – By Volume 2016 to 2027F (In USD Billion)
Figure 28: Middle East & Africa Electric Bicycle (E-Bikes) Market Share By Propulsion Type By Volume (2016, 2021 & 2027F)
Figure 29: Middle East & Africa Electric Bicycle (E-Bikes) Market Share By Class By Volume (2016, 2021 & 2027F)
Figure 30: Middle East & Africa Electric Bicycle (E-Bikes) Market Share By Battery Type By Volume (2016, 2021 & 2027F)
Figure 31: Porter's Five Force Model for Electric Bicycle Industry

Feed Phosphate Market Research FAQs

Global E-bike market is anticipated to grow with more than 8% CAGR for 2022-2027.

Asia-Pacific region is leading the market in 2021.

China is anticipated to dominate the global e-bike market by 2027.

Accell Group, Derby Cycle, Fuji-ta Bicycle Co., Ltd., and Giant Manufacturing Co., Ltd, are some leading Electric Bike market manufacturers.

Asia Oceania is estimated to be the largest market for e-bikes. The Asia Oceania region has emerged as a hub for e-bike production in recent years. Europe and North America are also expected to grow at a decent pace during the forecast period due to the increasing government support and initiatives in the region.
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Global Electric Bicycle Market Overview, 2022-2027

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