Wilmington, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The global E-Bike market is expected to reach US$ 29.4 billion by 2030, with an annual growth rate of more than 10.5%.
Market Definition, Market Scope, and Report Overview
An E-bike, also known as an electric bike or electric bicycle, is a bicycle equipped with an electric motor and a battery that either assists or fully replaces the rider's pedalling. E-bikes are available in a variety of styles, including city cycles, mountain bikes, and folding bikes, and are rapidly gaining popularity across the world.
E-bikes emit no pollutants, making them an environmentally beneficial alternative to traditional gasoline-powered vehicles, contributing to cleaner air and lowering greenhouse gas emissions, which is propelling the E-bike market forward.
- According to a deep-dive market assessment by RationalStat, the global E-Bike market has been analyzed on the basis of market segments, including propulsion type, battery type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global E-Bike market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global E-Bike market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global E-Bike Market: Segmental and Market Share Analysis
- On the basis of propulsion type, the pedal assist segment has the biggest market share due to its longer battery life, cheaper servicing requirements, and the flexibility for customers to select from three to five pedal assist modes.
- Based on battery type, the lithium-ion battery segment dominates the market and it is the most popular and optimal type of battery for an E-bike. It has the best combination of total weight and capacity.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 14.6 billion |
| Market Size Forecast | US$ 29.4 billion |
| Growth Rate | 10.5% |
| Dominant Segment | Lithium-ion battery |
| Dominant Region | Asia Pacific |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global E-Bike market include,
- In December 2022, Hero Motors and Yamaha Motor Co. signed an agreement to establish a Global E-cycle Drive Unit Company in Ludhiana's Hero E-cycle Valley. For global OEMs, the 100-acre Hero E-Cycle Valley now manufactures both conventional and electric cycles.
Some of the prominent players and suppliers operating and contributing significantly to the global E-Bike market growth include Giant Manufacturing Co. Ltd., Accell Group N.V., Trek Bicycle Corporation, Yamaha Motor Co., Ltd., Bosch eBike Systems, Shimano Inc., Bafang Electric (Suzhou) Co., Ltd., Panasonic Corporation, Brose Fahrzeugteile GmbH & Co. KG, and Mahindra Electric Mobility Limited, among others.
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RationalStat has segmented the global E-Bike market based on propulsion type, battery type, application, and region
- Global E-Bike Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Propulsion Type
- Pedal Assist
- Throttle
- Global E-Bike Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Battery Type
- Lead Acid
- Lithium-ion
- Nickel Metal Hydride
- Others
- Global E-Bike Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- City/Urban
- Mountain/Trekking
- Cargo/Luggage
- Global E-Bike Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America E-BikeMarket
- US
- Canada
- Latin America E-BikeMarket
- Brazil
- Mexico
- Rest of Latin America
- Western Europe E-BikeMarket
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe E-BikeMarket
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific E-BikeMarket
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa E-BikeMarket
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America E-BikeMarket
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Key Questions Answered in the E-Bike Report:
- What will be the market value of the global E-Bike market by 2030?
- What is the market size of the global E-Bike market?
- What are the market drivers of the global E-Bike market?
- What are the key trends in the global E-Bike market?
- Which is the leading region in the global E-Bike market?
- What are the major companies operating in the global E-Bike market?
- What are the market shares by key segments in the global E-Bike market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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