AUTOMOTIVE & TRANSPORTATION
Global Electric Bicycle Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Electric Bicycle Market, By Bicycle Type (Cargo, Fat Tire, Mountain, Standard, Others), Propulsion Type (Pedal Assisted Electric bicycles, Throttle on-demand Electric bicycles), Motor Type (Hub motor, Mid-drive, Others), Driver mechanism (Plug-in, Battery), Battery Type (Lead Acid, Lithium Acid, Nickel Metal Hydride, Nickel Cadmium, Others), Consumer Segment (Urban, Rural), Output (Less than 250W, From 250W to 400W, From 401W to 750W, Above 751W), Application (Cargo, Trekking, Others) Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global electric bicycle market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
An electric bicycle, also known as an e-bike, is a bicycle equipped with an electric motor to help propulsion. It can be driven by a throttle to move the bike forward without the rider having to pedal, or it can run on pedal assist, in which case the motor increases the rider's pedaling force. Rechargeable batteries, which are commonly found in e-bikes, can be charged using a regular electrical outlet. The electric bicycle market includes the manufacturing, distribution, and sale of these vehicles, as well as related accessories and services. It involves a diverse group of stakeholders, from manufacturers producing e-bike models to retailers selling them to customers. The dynamics of the market also encompass the legislative frameworks that influence the adoption of e-bikes and the shift in customer preferences towards sustainable and accessible urban transport alternatives.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Government subsidies and incentives for electric vehicles.
- Rising environmental concerns and emissions regulations.
RESTRAINTS
- High initial setup costs for charging infrastructure.
- Limited range and battery life of electric bicycles.
OPPORTUNITIES
- Growing urbanization and infrastructure development.
- Rise in electric bicycle sharing programs.
CHALLENGES
- Grid capacity constraints and power supply stability.
- Consumer reluctance due to charging time constraints.
SEGMENTATION
- Bicycle Type
- Cargo
- Fat Tire
- Mountain
- Standard
- Others
- Propulsion Type
- Pedal Assisted Electric bicycles
- Throttle on-demand Electric bicycles
- Motor Type
- Hub motor
- Mid-drive
- Others
- Driver mechanism
- Plug-in
- Battery
- Battery Type
- Lead Acid
- Lithium Acid
- Nickel Metal Hydride
- Nickel Cadmium
- Others
- Consumer Segment
- Urban
- Rural
- Output
- Less than 250W
- From 250W to 400W
- From 401W to 750W
- Above 751W
- Application
- Cargo
- Trekking
- Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Accell Group
- CSE EV GROUP CO LTD
- Derby Cycle
- Fuji-ta Bicycle Co., Ltd.
- Giant Manufacturing Co., Ltd.
- Merida Industry Co, Ltd
- Royal Dutch gazelle
- Trek Bicycle Corporation
- Yadea Group Holdings Ltd
- Yamaha Motor Co. Ltd.
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Electric Bicycle Market, by Bicycle Type
- 3.2 Global Electric Bicycle Market, by Propulsion Type
- 3.3 Global Electric Bicycle Market, by Motor Type
- 3.4 Global Electric Bicycle Market, by Driver mechanism
- 3.5 Global Electric Bicycle Market, by Battery Type
- 3.6 Global Electric Bicycle Market, by Consumer Segment
- 3.7 Global Electric Bicycle Market, by Output
- 3.8 Global Electric Bicycle Market, by Application
- 3.9 Global Electric Bicycle Market, by Geography
- 3.10 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Increasing adoption of smart charging infrastructure.
- 5.1.2 Growth in wireless charging technologies.
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Government subsidies and incentives for electric vehicles.
- 5.2.2 Rising environmental concerns and emissions regulations.
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High initial setup costs for charging infrastructure.
- 5.3.2 Limited range and battery life of electric bicycles.
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Growing urbanization and infrastructure development.
- 5.4.2 Rise in electric bicycle sharing programs.
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Grid capacity constraints and power supply stability.
- 5.5.2 Consumer reluctance due to charging time constraints.
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL ELECTRIC BICYCLE MARKET, BY BICYCLE TYPE
- 6.1 Bicycle Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Electric Bicycle Market, by Bicycle Type (2019-2032)
- SECTION 7 - GLOBAL ELECTRIC BICYCLE MARKET, BY PROPULSION TYPE
- 7.1 Propulsion Type Summary
- 7.2 Market Attractive Index
- 7.3 Global Electric Bicycle Market, by Propulsion Type (2019-2032)
- SECTION 8 - GLOBAL ELECTRIC BICYCLE MARKET, BY MOTOR TYPE
- 8.1 Motor Type Summary
- 8.2 Market Attractive Index
- 8.3 Global Electric Bicycle Market, by Motor Type (2019-2032)
- SECTION 9 - GLOBAL ELECTRIC BICYCLE MARKET, BY DRIVER MECHANISM
- 9.1 Driver mechanism Summary
- 9.2 Market Attractive Index
- 9.3 Global Electric Bicycle Market, by Driver mechanism (2019-2032)
- SECTION 10 - GLOBAL ELECTRIC BICYCLE MARKET, BY BATTERY TYPE
- 10.1 Battery Type Summary
- 10.2 Market Attractive Index
- 10.3 Global Electric Bicycle Market, by Battery Type (2019-2032)
- SECTION 11 - GLOBAL ELECTRIC BICYCLE MARKET, BY CONSUMER SEGMENT
- 11.1 Consumer Segment Summary
- 11.2 Market Attractive Index
- 11.3 Global Electric Bicycle Market, by Consumer Segment (2019-2032)
- SECTION 12 - GLOBAL ELECTRIC BICYCLE MARKET, BY OUTPUT
- 12.1 Output Summary
- 12.2 Market Attractive Index
- 12.3 Global Electric Bicycle Market, by Output (2019-2032)
- SECTION 13 - GLOBAL ELECTRIC BICYCLE MARKET, BY APPLICATION
- 13.1 Application Summary
- 13.2 Market Attractive Index
- 13.3 Global Electric Bicycle Market, by Application (2019-2032)
- SECTION 14 - GLOBAL ELECTRIC BICYCLE MARKET, BY GEOGRAPHY
- 14.1 Regional Summary
- 14.2 Market Attractive Index
- 14.3 Global Electric Bicycle Market, by Geography (2019-2032)
- SECTION 15 - NORTH AMERICA ELECTRIC BICYCLE MARKET
- 15.1 North America Summary
- 15.2 Market Attractive Index
- 15.3 North America Electric Bicycle Market, by Bicycle Type (2019-2032)
- 15.4 North America Electric Bicycle Market, by Propulsion Type (2019-2032)
- 15.5 North America Electric Bicycle Market, by Motor Type (2019-2032)
- 15.6 North America Electric Bicycle Market, by Driver mechanism (2019-2032)
- 15.7 North America Electric Bicycle Market, by Battery Type (2019-2032)
- 15.8 North America Electric Bicycle Market, by Consumer Segment (2019-2032)
- 15.9 North America Electric Bicycle Market, by Output (2019-2032)
- 15.10 North America Electric Bicycle Market, by Application (2019-2032)
- 15.11 North America Electric Bicycle Market, by Country (2019-2032)
- 15.11.1 U.S.
- 15.11.2 Canada
- 15.11.3 Mexico
- 15.11.4 Rest of North America
- SECTION 16 - EUROPE ELECTRIC BICYCLE MARKET
- 16.1 Europe Summary
- 16.2 Market Attractive Index
- 16.3 Europe Electric Bicycle Market, by Bicycle Type (2019-2032)
- 16.4 Europe Electric Bicycle Market, by Propulsion Type (2019-2032)
- 16.5 Europe Electric Bicycle Market, by Motor Type (2019-2032)
- 16.6 Europe Electric Bicycle Market, by Driver mechanism (2019-2032)
- 16.7 Europe Electric Bicycle Market, by Battery Type (2019-2032)
- 16.8 Europe Electric Bicycle Market, by Consumer Segment (2019-2032)
- 16.9 Europe Electric Bicycle Market, by Output (2019-2032)
- 16.10 Europe Electric Bicycle Market, by Application (2019-2032)
- 16.11 Europe Electric Bicycle Market, by Country (2019-2032)
- 16.11.1 Germany
- 16.11.2 U.K.
- 16.11.3 France
- 16.11.4 Italy
- 16.11.5 Spain
- 16.11.6 Russia
- 16.11.7 The Netherlands
- 16.11.8 Belgium
- 16.11.9 Turkey
- 16.11.10 Rest of Europe
- SECTION 17 - ASIA-PACIFIC ELECTRIC BICYCLE MARKET
- 17.1 Asia-Pacific Summary
- 17.2 Market Attractive Index
- 17.3 Asia-Pacific Electric Bicycle Market, by Bicycle Type (2019-2032)
- 17.4 Asia-Pacific Electric Bicycle Market, by Propulsion Type (2019-2032)
- 17.5 Asia-Pacific Electric Bicycle Market, by Motor Type (2019-2032)
- 17.6 Asia-Pacific Electric Bicycle Market, by Driver mechanism (2019-2032)
- 17.7 Asia-Pacific Electric Bicycle Market, by Battery Type (2019-2032)
- 17.8 Asia-Pacific Electric Bicycle Market, by Consumer Segment (2019-2032)
- 17.9 Asia-Pacific Electric Bicycle Market, by Output (2019-2032)
- 17.10 Asia-Pacific Electric Bicycle Market, by Application (2019-2032)
- 17.11 Asia-Pacific Electric Bicycle Market, by Country (2019-2032)
- 17.11.1 China
- 17.11.2 India
- 17.11.3 Japan
- 17.11.4 South Korea
- 17.11.5 Singapore
- 17.11.6 Malaysia
- 17.11.7 Australia
- 17.11.8 Thailand
- 17.11.9 Philippines
- 17.11.10 Rest of Asia-Pacific
- SECTION 18 - SOUTH AMERICA ELECTRIC BICYCLE MARKET
- 18.1 South America Summary
- 18.2 Market Attractive Index
- 18.3 South America Electric Bicycle Market, by Bicycle Type (2019-2032)
- 18.4 South America Electric Bicycle Market, by Propulsion Type (2019-2032)
- 18.5 South America Electric Bicycle Market, by Motor Type (2019-2032)
- 18.6 South America Electric Bicycle Market, by Driver mechanism (2019-2032)
- 18.7 South America Electric Bicycle Market, by Battery Type (2019-2032)
- 18.8 South America Electric Bicycle Market, by Consumer Segment (2019-2032)
- 18.9 South America Electric Bicycle Market, by Output (2019-2032)
- 18.10 South America Electric Bicycle Market, by Application (2019-2032)
- 18.11 South America Electric Bicycle Market, by Country (2019-2032)
- 18.11.1 Brazil
- 18.11.2 Argentina
- 18.11.3 Chile
- 18.11.4 Colombia
- 18.11.5 Rest of South America
- SECTION 19 - MIDDLE EAST AND AFRICA ELECTRIC BICYCLE MARKET
- 19.1 Middle East and Africa Summary
- 19.2 Market Attractive Index
- 19.3 Middle East and Africa Electric Bicycle Market, by Bicycle Type (2019-2032)
- 19.4 Middle East and Africa Electric Bicycle Market, by Propulsion Type (2019-2032)
- 19.5 Middle East and Africa Electric Bicycle Market, by Motor Type (2019-2032)
- 19.6 Middle East and Africa Electric Bicycle Market, by Driver mechanism (2019-2032)
- 19.7 Middle East and Africa Electric Bicycle Market, by Battery Type (2019-2032)
- 19.8 Middle East and Africa Electric Bicycle Market, by Consumer Segment (2019-2032)
- 19.9 Middle East and Africa Electric Bicycle Market, by Output (2019-2032)
- 19.10 Middle East and Africa Electric Bicycle Market, by Application (2019-2032)
- 19.11 Middle East and Africa Electric Bicycle Market, by Country (2019-2032)
- 19.11.1 Kingdom of Saudi Arabia
- 19.11.2 South Africa
- 19.11.3 U.A.E.
- 19.11.4 Egypt
- 19.11.5 Rest of Middle East and Africa
- SECTION 20 - COMPANY SHARE ANALYSIS
- 20.1 Global Electric Bicycle Market, Company Share Analysis
- 20.2 North America Electric Bicycle Market, Company Share Analysis
- 20.3 Europe Electric Bicycle Market, Company Share Analysis
- 20.4 Asia-Pacific Electric Bicycle Market, Company Share Analysis
- SECTION 21 - COMPANY PROFILES
- 21.1 Accell Group
- 21.1.1 Company Snapshot
- 21.1.2 Financial Overview
- 21.1.3 Product Portfolio
- 21.1.4 Recent Developments
- 21.2 CSE EV GROUP CO LTD
- 21.2.1 Company Snapshot
- 21.2.2 Financial Overview
- 21.2.3 Product Portfolio
- 21.2.4 Recent Developments
- 21.3 Derby Cycle
- 21.3.1 Company Snapshot
- 21.3.2 Financial Overview
- 21.3.3 Product Portfolio
- 21.3.4 Recent Developments
- 21.4 Fuji-ta Bicycle Co., Ltd.
- 21.4.1 Company Snapshot
- 21.4.2 Financial Overview
- 21.4.3 Product Portfolio
- 21.4.4 Recent Developments
- 21.5 Giant Manufacturing Co., Ltd.
- 21.5.1 Company Snapshot
- 21.5.2 Financial Overview
- 21.5.3 Product Portfolio
- 21.5.4 Recent Developments
- 21.6 Merida Industry Co, Ltd
- 21.6.1 Company Snapshot
- 21.6.2 Financial Overview
- 21.6.3 Product Portfolio
- 21.6.4 Recent Developments
- 21.7 Royal Dutch gazelle
- 21.7.1 Company Snapshot
- 21.7.2 Financial Overview
- 21.7.3 Product Portfolio
- 21.7.4 Recent Developments
- 21.8 Trek Bicycle Corporation
- 21.8.1 Company Snapshot
- 21.8.2 Financial Overview
- 21.8.3 Product Portfolio
- 21.8.4 Recent Developments
- 21.9 Yadea Group Holdings Ltd
- 21.9.1 Company Snapshot
- 21.9.2 Financial Overview
- 21.9.3 Product Portfolio
- 21.9.4 Recent Developments
- 21.10 Yamaha Motor Co. Ltd.
- 21.10.1 Company Snapshot
- 21.10.2 Financial Overview
- 21.10.3 Product Portfolio
- 21.10.4 Recent Developments
- SECTION 22 - RELATED REPORTS
- SECTION 23 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.