E-Bike Market Size, Share, Emerging Trends, Future Growth, Revenue Outlook, Demand Forecast, Leading Key Players, Product Type 2022-2031

“Class-III e-Bike is estimated to be the fastest-growing e-Bike market globally.”

The Global E-Bike Market size is projected to grow to USD 70.0 billion by 2031 from USD 41.1 billion in 2022, at a CAGR of 7.9%. Government support and initiatives to increase the sale of e-Bike would drive the global e-Bike market.

“Class-III e-Bike is estimated to be the fastest-growing e-Bike market globally.”

Class-III e-bikes have a potential solution for car replacement to avoid traffic and reduce emissions. Therefore, the market for Class-III e-bikes is expected to grow during the forecast period. Class-III e-bikes currently don’t have in the Asia Pacific region. Whereas, in Europe, Switzerland is the largest market for Class-III e-bikes, followed by Belgium and Italy. The North American region presently has a limited penetration of Class-III e-bikes, with only six states authorizing their operation. Also, Class-III e-bikes in both Europe and North America have a minimum age restriction of 16 years.

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“Folding and fat-tire e-Bike is estimated to be the fastest-growing e-Bike market globally.”

Folding e-Bike is becoming a popular choice among almost urban commuters. Major conventional bicycle manufacturers are also launching their e-bike with the latest technology and innovative design in the Indian market. For instance, in the 2022 Auto Expo, Hero Cycle its e-bikes lineup, which includes a folding bike (Easy Step, a straphanger), and an electric fat bike (Essentia). Presently, the market for folding and fat-tire e-Bikes is limited in Asia Pacific, Europe, and North America. However, we expect the market for folding and fat-tire e-Bike to be the fastest-growing e-Bike market globally over the forecast period.

“North America is expected to be the fastest-growing market globally.”

Currently, the North American region has a minimal presence of e-bike manufacturers, resulting in a limited market for e-bikes. However, public awareness about e-bikes and the involvement/ interest of traditional bicycle brands towards e-Bike has created a buzz about e-bikes in the market. Pedego Electric Bikes and Trek Bicycle Corporation are the major manufacturers of e-bikes in North America. Therefore, over the forecast period, North America is expected to be the fastest-growing market.

The breakup of primary respondents

By Company: OEM – 70%, Tier 1 – 30%

By Designation: Director level – 30%, C-Level Executives – 60%, Others – 10%

By Region: Asia Pacific- 50%, Europe – 20%, North America – 30%

The e-Bike market is dominated by global players and comprises several regional players. The key players in the e-Bike industry Accell Group N.V. (Netherlands), Pon.Bike (US), Merida Industry Co., Ltd. (China), Giant Manufacturing Co., Ltd. (Taiwan), and Yamaha Motor Corporation (Japan). The study includes an in-depth competitive analysis of these key players in the e-Bike market with their company profiles, SWOT analysis of the top five companies, recent developments, and key market strategies.

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Research Coverage

The report covers the e-Bike market by Class (Class-I, Class-II, Class-III), Battery Type (Lithium-ion, Lithium-ion polymer, Lead Acid, Others), Motor Type (Mid, Hub), Mode (Throttle, Pedal Assist), Usage (Mountain/Trekking, City/Urban, Cargo, Others) , Speed (Up to 25 KMPH, 25-45 KMPH), and Region (Asia Pacific, Europe, North America. This report also captures industry analysis and company profiles, highlighting emerging and high-growth segments of this market, SWOT analysis, competitive landscape, competitive leadership mapping, and market dynamics (drivers, restraints, opportunities, & challenges).

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall e-Bike market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Lauren Brown

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 50 50509159

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