"India's population is increasingly recognizing the need for sustainable and eco-friendly transportation options. With rising concerns over air pollution and traffic congestion, e-bikes have emerged as a viable solution. The Indian e-bike market caters to the growing demand for sustainable mobility by offering energy-efficient and zero-emission transportation alternatives. Two-wheelers have long been a preferred mode of transportation in India, and e-bikes seamlessly fit into this culture. The affordability of e-bikes compared to traditional motorcycles and scooters makes them an attractive option for many Indian consumers. E-bikes provide a cost-effective means of travel, especially for short to medium distances. The Indian government has shown a keen interest in promoting electric mobility. Various policy initiatives and incentives, such as subsidies, tax benefits, and infrastructure development plans, have been implemented to encourage the adoption of e-bikes and other electric vehicles. This government support provides a favorable environment for the growth of the Indian e-bike market. India's rapid urbanization has resulted in increased demand for efficient last-mile connectivity solutions. E-bikes are well-suited for short-distance commuting within crowded urban areas. They offer flexibility, maneuverability, and reduced congestion, making them an ideal choice for navigating through traffic and reaching destinations quickly. The Indian e-bike market is experiencing technological advancements to enhance performance, range, and user experience. E-bike manufacturers in India are incorporating innovative features such as advanced battery technology, regenerative braking, smartphone connectivity, and intelligent motor systems. These technological advancements make e-bikes more appealing to Indian consumers. E-bikes have lower maintenance and operational costs compared to conventional motorized vehicles. The absence of fuel expenses and the simplicity of e-bike components contribute to their cost-effectiveness. For Indian consumers seeking affordable transportation options, e-bikes offer a compelling value proposition. India, with its growing environmental awareness and concerns over air pollution, is actively seeking cleaner transportation solutions. E-bikes align with this objective by emitting zero tailpipe emissions. Their eco-friendly nature positions e-bikes as an attractive alternative to conventional fossil fuel-powered vehicles.E-bike rental services and ride-sharing platforms are gaining traction in Indian cities. These services offer convenient access to e-bikes for short-term rentals, allowing individuals to enjoy the benefits of e-bikes without the need for ownership. E-bike rental services promote shared mobility and contribute to reducing the overall carbon footprint. According to the report, """"India Electric Bicycle Market Overview, 2027"""", published by Bonafide Research, the market is projected to expand at a significant growth rate during the forecast period. The Indian e-bike market has witnessed significant growth in recent years. With the rising awareness of sustainability and the need for eco-friendly transportation, e-bikes have gained popularity among Indian consumers. The market has experienced a surge in sales, reflecting the increasing demand for electric mobility solutions. E-bikes in India primarily serve as a convenient mode of urban commuting. The dense and congested cities, coupled with limited parking spaces and traffic congestion, make e-bikes an attractive option for navigating through city streets. E-bikes offer a sustainable and efficient alternative for short-distance commuting, reducing travel time and environmental impact. E-bikes provide a cost-effective means of transportation in India. With their lower purchase cost compared to traditional motorcycles or scooters, e-bikes offer an affordable mobility solution for many Indian consumers. Additionally, the operational costs of e-bikes, including charging the battery, are considerably lower than fuel costs, leading to long-term cost savings. E-bikes play a crucial role in improving last-mile connectivity in India. They address the challenge of connecting transportation hubs, such as metro stations or bus stops, to final destinations. E-bikes offer a flexible and convenient mode of transportation for short distances, bridging the gap between public transport and individual destinations. The Indian government has implemented various initiatives and incentives to promote electric mobility, including e-bikes. Subsidies, tax benefits, and favorable policies have been introduced to encourage the adoption of e-bikes. These government measures aim to reduce pollution, promote sustainable transportation, and enhance overall air quality. The Indian e-bike market is witnessing technological advancements to improve performance, range, and overall user experience. Manufacturers are focusing on battery efficiency, motor power, and connectivity features to enhance the capabilities of e-bikes. These advancements contribute to the increasing appeal and functionality of e-bikes in the Indian market.
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Download SampleThe e-Bike market is witnessing a lot of technological advancements for more optimized and reliable products. The connected e-Bike is one such advancement, wherein the SIM module enables the e-Bike to send and receive data to and from the cloud without a connected smartphone. The connected e-bikes provide advanced features like emergency calls, integrated navigation, social media connection, an anti-theft system, and remote diagnostics, which attract a larger customer base. Therefore, the trend for connected e-Bikes would create an opportunity for the e-Bike market to develop and grow during the forecast period. Consumer preference for e-bikes as an eco-friendly and efficient mode of transportation, rising fuel costs, and increased interest in cycling as a fitness and recreational activity across the country are expected to drive market growth. Furthermore, improvement in biking infrastructure and battery technology is expected to offer lucrative opportunities for the electric bike market's growth. According to the report, the India electric bicycle (E-bike) market is segmented into two propulsion types, including pedal assist and throttle. Among these types, the pedal assist segment occupied a major portion of the market share in 2021 and is expected to continue growing during the forecast period. The higher market growth is attributed to its better battery life, lower servicing needs, and the ability for users to choose from three to five modes of pedal-assist depending on the model. However, the throttle segment is anticipated to exhibit a higher CAGR during the forecast period. Factors such as decreased pedaling effort in scenarios such as accelerating up a hill or cruising will drive the growth of this segment. Further, the market is segmented into three class types, including Class 1: Pedal Assist, Class 2: Throttle On Demand, and Class 3: Speed Pedelec. Class 1 e-bikes had the highest market revenue share in 2021 and are expected to maintain their dominance in the coming years. The rising demand for pedelecs because of their health assistance along with power assistance within the range of 25 kph that does not have any regulation on its driving is likely to propel the growth of class 1 e-bikes. Furthermore, based on the application, the city/urban segment is anticipated to dominate the market during the upcoming timeframe. COVID-19 Impacts: The COVID-19 outbreak has given a huge boost to the electric bike market. As people have become more cautious and with public transport taking a backseat even after the lifting of lockdowns, electric bikes have turned out to be the preferred choice of transport because it's fast, easy to ride, cheap and safe. The government restrictions and lockdowns during the first quarter of 2020 dampened the sale of e-Bikes as the stores were closed, and the commute was allowed for only essential services. However, after removing all impositions due to increased vaccination drives, things have started to normalize with the opening of offices and all other regular activity stores globally, which has again increased the regular travel scenario of commuters. The electric bike market is estimated to observe a huge boost in sales post-COVID-19 during the forecast period. Considered in this report • Geography: India • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027
Aspects covered in this report • India Electric Bicycle (E-Bikes) market with its value and forecast along with its segments • Various divers and challenges • Ongoing trends and developments • Five force models • Top profiled companies • Strategic recommendation 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. "
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