Dublin, July 11, 2022 (GLOBE NEWSWIRE) -- The "E-Bike Market by Class (Class-I, Class-II, Class-III), Speed (Up to 25km/h, 25-45 km/h), Battery Type (Lithium-ion, Lithium-ion Polymer, Lead Acid), Motor Type, Mode (Pedal Assist, Throttle), Component, Usage, Ownership and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The e-Bike market size is projected to reach USD 80.6 billion by 2027 from an estimated USD 49.7 billion in 2022, at a CAGR of 10.2% from 2022 to 2027. With the growth in automotive industry, there has been rise in the air pollution.
To control the emission rate, inclination towards green and clean mobility solutions for daily commute is growing. This is leading to increased demand for e-Bikes globally. Asia Oceania is forecasted to lead the e-Bike market.
e-Bikes assist in optimum utilization of space and helps in faster commute in urban and highly populated areas. Governments of many countries in Europe, North America, and Asia Oceania are working toward supporting the usage of e-Bikes through subsidies and regulatory changes to reduce the stress of traffic congestion which is ultimately helping to decrease the emissions and improving the air quality.
For instance, in Italy, the government offers a subsidy of up to USD 527 in municipalities with a population of over 50,000 inhabitants to purchase new bicycles and e-Bikes. Therefore, such initiatives are attracting the consumers for the use of e-Bikes.
Rising popularity for last mile delivery to spur the adoption of cargo e-Bikes
Due to growing competition, customer satisfaction is majorly focused by delivery companies. To attain the same, companies are opting for faster and last mile delivery solutions. A study by the World Economic Forum estimates that the demand for last-mile delivery is expected to increase by nearly 78% till 2030 across the world.
Due to its sleek design and small size compared to other delivery vehicles, cargo e-Bikes have come up as a solution for the last mile delivery process. In December 2021, Toronto ran a pilot project for cargo e-Bikes and received positive results, with e-Bikes proving nearly 6% faster than the electric vans in city areas.
The government of different countries have also stepped in to support the usage of cargo e-Bikes as it helps to regulate the emissions and also reduce the traffic congestion situations. For example, the French government provides the highest incentive of USD 1,400 for purchasing cargo e-Bikes. Thus, the rising popularity of the last mile delivery would drive the growth of cargo e-Bikes segment.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Positive Impact of COVID-19 on E-Bike Sales Globally
4.2 Pedal Assist Mode Estimated to Account for Larger Market Share, by Value, in 2022
4.3 Mid Motor Projected to Grow at Higher CAGR During Forecast Period
4.4 Class-I Segment Estimated to Account for Largest Market Share in 2022
4.5 City E-Bike Segment to be Largest Usage Segment in Terms of Value by 2027
4.6 Lithium-Ion Segment to Lead E-Bike Market During Forecast Period
4.7 Up to 25 Km/H Segment Estimated to Dominate E-Bike Market in 2022
4.8 Asia Oceania Estimated to Account for Largest Share of E-Bike Market in 2022
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Positive Impact of COVID-19 on Global E-Bike Sales
5.2.1.2 Government Support and Initiatives to Increase E-Bike Sales
5.2.1.3 Growing Popularity of E-MTBs to Increase Demand for E-Bikes
5.2.1.4 Growing Traffic Congestion in Cities to Drive Demand for E-Bikes
5.2.2 Restraints
5.2.2.1 International Trade Policies and Regulations to Adversely Impact Supply Chain of E-Bike Market
5.2.2.2 Government Regulations and Lack of Infrastructure to Negatively Affect Demand for E-Bikes
5.2.3 Opportunities
5.2.3.1 Trend Toward Connected E-Bikes
5.2.3.2 Development of Lightweight Electrical Energy Storage Systems
5.2.3.3 Development in Drive Motors for Increased E-Bike Performance
5.2.4 Challenges
5.2.4.1 Technology Challenges
5.2.4.2 High Cost of E-Bikes
5.3 Porter's Five Forces Analysis
5.4 Buying Criteria
5.5 E-Bike Market Scenario
5.6 Supply Chain Analysis
5.7 Trends/Disruptions for Buyers
5.8 E-Bike Market Ecosystem
5.9 Technology Overview
5.9.1 Motor Drive Technology
5.9.2 Battery Technology
5.9.3 Usage Analysis
5.10 Pricing Analysis
5.11 Trade Analysis
5.12 Patent Analysis
5.13 Regulatory Landscape
5.14 Key Conferences and Events in 2022-2023
5.15 Case Study Analysis
5.16 Top E-Bike Suppliers: Top-Selling Models Vs. Price Range, by Country
6 E-Bike Market, by Class
6.1 Introduction
6.2 Class-I
6.3 Class-Ii
6.4 Class-Iii
7 E-Bike Market, by Speed
7.1 Introduction
7.2 Up to 25 Km/H
7.3 25-45 Km/H
8 E-Bike Market, by Battery Type
8.1 Introduction
8.2 Lithium-Ion
8.3 Lithium-Ion Polymer
8.4 Lead Acid
8.5 Others
9 E-Bike Market, by Motor Type
9.1 Introduction
9.2 Hub Motor
9.3 Mid Motor
10 E-Bike Market, by Usage
10.1 Introduction
10.2 Mountain
10.3 Trekking
10.4 City/Urban
10.5 Cargo
10.6 Others
11 E-Bike Market, by Mode
11.1 Introduction
11.2 Pedal Assist
11.3 Throttle
12 E-Bike Market, by Component
12.1 Introduction
12.2 Battery
12.3 Electric Motor
12.4 Frame with Fork
12.5 Wheels
12.6 Crank Gear
12.7 Brake System
12.8 Motor Controller
13 E-Bike Market, by Ownership
13.1 Introduction
13.2 Shared
13.3 Personal
14 E-Bike Market, by Region
Companies Mentioned
- Accell Group Nv
- Aima Technology Group Co. Ltd.
- Ananda Drive Techniques (Shanghai) Co. Ltd.
- Bafang Electric (Suzhou) Co. Ltd.
- Bh Bikes
- Bmz Group
- Brompton Bicycle Limited
- Brose Fahrzeugteile
- Cowboy
- E-Bike Component Suppliers
- E-Bike Manufacturers - Key Players
- Electric Bike Company
- Fazua Gmbh
- Fuji-Ta Bicycle Co. Ltd
- Giant Manufacturing Co. Ltd.
- Hero Lectro E-Cycles
- Johnson Matthey
- Mahle Gmbh
- Merida Industry Co. Ltd
- Mystromer Ag
- Panasonic Holdings Corporation
- Pedego Electric Bikes
- Pon.Bike
- Promovec A/S
- Rad Power Bikes LLC
- Riese & Muller Gmbh
- Robert Bosch Gmbh
- Samsung Sdi Co. Ltd.
- Shimano, Inc.
- Specialized Bicycle Components, Inc.
- Sram LLC
- Tq Group
- Trek Bicycle Corporation
- Vanmoof
- Wuxi Truckrun Motor Co. Ltd.
- Yadea Group Holdings Ltd.
- Yamaha Motor Company
- Zf Friedrichshafen Ag
For more information about this report visit https://www.researchandmarkets.com/r/f2o6e4
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