E-bike Market by Class, Battery Type (Lithium-ion, Lithium-ion polymer, Lead Acid), Motor Type (Mid, Hub), Mode (Throttle, Pedal Assist), Usage, and Region (Asia Pacific, Europe, North America) - Global forecast to 2025

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Date: 18-Mar-2019
No. of pages: 221
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“Increasing concern about emission and traffic congestion will boost the demand for the e-bike market”

The global e-bike market is estimated to be USD 21.1 billion in 2018 and is projected to reach USD 38.6 billion by 2025, at a CAGR of 9.01%. Many countries across the globe are facing the problem of traffic congestion, especially in crowded cities. The population of vehicles is increasing day by day, rendering the existing road infrastructure insufficient. Traffic congestion affects each individual’s personal and professional lives. As a result, governments and civic bodies are taking steps to reduce traffic congestion.

Many cities across the world are now actively promoting the use of electric bicycles as a mode of transportation in cities. Electric bicycles take up the same amount of space as a normal or traditional bicycle. The use of e-bikes can reduce the number of cars on the road and result in fewer traffic jams.

Increasing urbanization is one of the key drivers for the e-bike market. Urban population throughout the world is increasing rapidly. According to a UN report, 66% of the world population would reside in urban areas by 2050. Hyper-urbanization in some countries is hampering city traffic by increasing traffic congestion, delays in movement, parking issues, and high travel cost.

“Class-III segment is estimated to be the fastest growing segment during the forecast period”

The class-III e-bike segment is estimated to be the fastest growing segment of the global e-bike market. Class-III e-bikes, which are also known as speed pedal-assisted electric bicycle, provide assistance only when the rider is pedaling and stop providing assistance when the bicycle reaches 28 mph. These e-bikes are allowed on roads, adjacent bike lanes, or private property due to their higher speed than the other two classes, i.e. class-I and class-II. These e-bikes are expected to help replace cars in many cities. Hence, class-III e-bike segment is expected to be the fastest growing market during the forecast period.

“Class-I segment is estimated to be the largest market, in terms of value.”

Class-I e-bikes are anticipated to hold the largest share of the e-bike market. Class-I e-bikes provide assistance only when the rider is pedaling and stop providing assistance when the bicycle reaches 20 mph. This type of e-bike can operate on any paved surface. Also, class-I e-bikes are compatible with e-bike laws of most of the countries. Thus, class-I e-bikes are expected to witness incremental growth during the forecast period.

“Asia Pacific is estimated to be the largest growing market for e-bikes during the forecast period.”

The Asia Pacific region is estimated to be the largest e-bike market in 2018 and is expected to maintain its leading position during the forecast period. The region comprises some of the fastest developing economies of the world such as China and India. China, which is the largest market in the Asia Pacific, holds about 98% market share of the region. China’s e-bikes have gained popularity in the European market due to their good quality and technological edge. Most of the Asian economies have recognized the growth potential of e-bikes and, hence, are taking several initiatives to attract major OEMs to manufacture e-bikes in their domestic markets. For instance, the Government of India announced financial support and a scheme called Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME). Under the scheme, there is a subsidy of up to INR 22,000 for electric scooters/e-bikes. Government promotions and schemes have led to an increase in sales of electric two-wheelers over the years.

The study contains insights from various industry experts, ranging from component suppliers to tier 1companies and OEMs. The break-up of the primaries is as follows:


  • By Company Type: Tier 1:46%, Tier 2:27%, OEM:27%

  • By Designation: C level:46%,D level:36%,Others:18%

  • By Region: North America:18%, Europe:27%, AsiaPacific:55%


Major players profiled in the report are:


  • Yamaha Motor Corporation (Japan)

  • Giant Manufacturing Co., Ltd (Taiwan)

  • Accell Group N.V (Netherlands),

  • Aima Technology Group Co., Ltd (China)

  • Yadea Group Holdings Ltd (China)

  • Pedego Electric Bikes (US)

  • Merida Industry Co. Ltd (Taiwan)

  • Trek Bicycle Corporation (US)

  • Specialized Bicycles (US)


Research Coverage:

The report segments the e-bike market, by volume, on the basis of region (Asia Pacific, Europe, North America), class (class-I, class-II, class-III), battery type (lithium-ion, lithium-ion polymer, lead acid, and others), motor (hub motor and mid motor), mode (pedal assist and throttle), and usage (mountain/trekking, city/urban, cargo, and others). This report contains various levels of industry analysis and company profiles, which highlight emerging and high-growth segments of this market, competitive mapping, and market dynamics (drivers, restraints, opportunities, & challenges).

Reasons to Buy the Report:

The report enables new entrants and smaller firms as well as established firms to understand the market better to help them acquire a larger market share. Firms purchasing the report could use any one or a combination of the 4strategies (market development, product development/innovation, market diversification, and competitive assessment) mentioned below to strengthen their position in the market.

The report provides insights into the following points:


  • Market Penetration: The report offers comprehensive information about the e-bike market and the top players in the market.

  • Product Development/Innovation: The report provides detailed insights into upcoming technologies, R&D activities, and new product launches in the e-bike market.

  • Market Development: The report offers comprehensive information about the e-bike market. The report analyzes thee-bike market across regions and provides comprehensive information about lucrative emerging markets.

  • Market Diversification: The report provides exhaustive information about new products, untapped regional markets, recent developments, and investments in the e-bike market.

E-bike Market by Class, Battery Type (Lithium-ion, Lithium-ion polymer, Lead Acid), Motor Type (Mid, Hub), Mode (Throttle, Pedal Assist), Usage, and Region (Asia Pacific, Europe, North America) - Global forecast to 2025

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Product and Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency Exchange Rates
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources
2.2.2 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.5 Market Breakdown and Data Triangulation
2.6 Research Assumptions and Limitations
2.6.1 Assumptions
2.6.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Global E-Bike Market
4.2 Asia Pacific to Lead the Global E-Bike Market By 2025
4.3 E-Bike Market, By Class
4.4 E-Bike Market, By Battery Type
4.5 E-Bike Market, By Motor Type
4.6 E-Bike Market, By Mode
4.7 E-Bike Market, By Usage

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Concerns About Traffic Congestion
5.2.1.2 Rapid Urbanization
5.2.1.3 Government Initiatives to Reduce Emission Level
5.2.1.4 Growing Bicycle Tourism Industry
5.2.2 Restraints
5.2.2.1 Underdeveloped Aftermarket Services
5.2.2.2 Technological Challenges
5.2.2.3 Unplanned Infrastructure in Developing Countries
5.2.3 Opportunities
5.2.3.1 Government Initiatives to Regulate E-Bikes & Improve Infrastructure for E-Bikes
5.2.3.2 Bike Sharing
5.2.4 Challenges
5.2.4.1 Limited Distribution Channels
5.2.4.2 Misconstrued Perception About Cycling

6 Industry Trends
6.1 Technology Overview
6.1.1 Introduction
6.1.2 Motor Drive Technology
6.1.3 Battery Technology
6.2 Regulatory Overview
6.3 Porter’s Five Forces

7 E-Bike Market, By Class
7.1 Introduction
7.2 Class-I
7.2.1 Class-I Segment Complies With the E-Bike Laws and Regulations of Majority of Countries Which Would Pose Better Growth Opportunities
7.3 Class-Ii
7.3.1 Reasonable Price Will Pose Better Growth Opportunities for the Class-Ii Segment in North America
7.4 Class-Iii
7.4.1 Class-Iii Segment is Expected to Be A Potential Solution for Car Replacement; Hence is the Fastest Growing Market Among All Categories

8 E-Bike Market, By Battery Type
8.1 Introduction
8.2 Lithium-Ion
8.2.1 Oems Shift Toward Lighter Weight Bikes Will Boost the Demand for Lithium-Ion Batteries During the Forecast Period
8.3 Lithium-Ion Polymer
8.3.1 Increase in Demand for Lightweight Bikes and Improved Safety Will Drive the Growth of Lithium-Ion Polymer Batteries During the Forecast Period
8.4 Lead Acid
8.4.1 Technological Limitations are Expected Todecrease the Sales of Lead Acid Batteries During the Forecast Period
8.5 Others
8.5.1 Adoption of Solid State Batteries Could Pose Better Growth Opportunities for the Segment

9 E-Bike Market, By Motor Type
9.1 Introduction
9.2 Hub Motor
9.2.1 Shift in Interests of E-Bike Oems Towards Lightweighting Will Decrease the Growth of Hub Motors During the Forecast Period (2018–2025)
9.3 Mid Motor
9.3.1 Increase in Demand for Lightweight and Better Quality E-Bikes Will Boost the Demand for Mid Motors Segment

10 E-Bike Market, By Mode
10.1 Introduction
10.2 Pedal Assist Mode
10.2.1 Pedal Assist Mode Abides By the E-Bike Laws and Regulations of Majority of Countries Across the Globe, Which Will Help Boost ItsForecast Period
10.3 Throttle Mode
10.3.1 Throttle Type E-Bike Segment is Expected to Witness Negative Growth Owing to Incompatibility With E-Bike Laws and Regulations of Many Countries

11 E-Bike Market, By Region
11.1 Introduction
11.2 Asia Pacific
11.2.1 China
11.2.1.1 City/Urban Bike Segment is Projected to Be the Largest Segment During the Forecast Period in China
11.2.2 Japan
11.2.2.1 City/Urban Bike Segment is Projected to Be the Largest Segment During the Forecast Period in Japan, While CarFastest Growing Segment
11.2.3 Taiwan
11.2.3.1 City/Urban Bike Segment is Projected to Be the Largest Segment During the Forecast Period in Taiwan
11.2.4 South Korea
11.2.4.1 City/Urban Bike Segment is Projected to Be the Largest Segment During the Forecast Period in South Korea
11.2.5 India
11.2.5.1 City/Urban Bike Segment is Projected to Be the Largest Segment During the Forecast the Period in India
11.3 Europe
11.3.1 Germany
11.3.1.1 Mountain/Trekking is Estimated to Be the Largest Segment in 2018, While City/Urban is Projected to Be the Largest Segment DurinPeriod
11.3.2 the Netherlands
11.3.2.1 City/Urban is Estimated to Be the Largest Segment in 2018 and is Expected to Hold Its Position During the Forecast Period
11.3.3 Belgium
11.3.3.1 Mountain/Trekking is Estimated to Be the Largest Segment in 2018, While City/Urban is Projected to Be the Largest Segment DurinPeriod
11.3.4 France
11.3.4.1 Mountain/Trekking is Estimated to Be the Largest Segment in 2018, While City/Urban is Projected to Be the Largest Segment DuriPeriod
11.3.5 Italy
11.3.5.1 Mountain/Trekking is Estimated to Be the Largest Segment in 2018, While City/Urban is Projected to Be the Largest Segment DuringPeriod
11.3.6 Rest of Europe (ROE)
11.3.6.1 Mountain/Trekking is Estimated to Be the Largest Segment in 2018 and is Expected to Hold Its Position During the Forecast Period
11.4 North America
11.4.1 Canada
11.4.1.1 City/Urban Bike is Projected to Be the Largest Growing Segment During the Forecast Period
11.4.2 US
11.4.2.1 City/Urban Bike is Projected to Be the Largest Growing Segment During the Forecast Period, WhileSegment During the Forecast Period

12 Competitive Landscape
12.1 E-Bike Manufacturers
12.1.1 Overview
12.1.2 E-Bike: Market Ranking Analysis
12.1.3 Competitive Scenario
12.1.3.1 Contracts & Agreements
12.1.3.2 New Product Developments
12.1.3.3 Expansions
12.1.3.4 Mergers & Acquisitions
12.1.4 Competitive Leadership Mapping
12.1.4.1 Visionary Leaders
12.1.4.2 Innovators
12.1.4.3 Dynamic Differentiators
12.1.4.4 Emerging Companies
12.1.5 E-Bike Competitive Mapping, 2018
12.2 Component Suppliers
12.2.1 Overview
12.2.2 E-Bike Component Suppliers: Market Ranking Analysis
12.2.3 Competitive Scenario
12.2.3.1 Contracts & Agreements
12.2.3.2 New Product Developments
12.2.3.3 Expansions
12.2.3.4 Mergers & Acquisitions
12.2.4 Competitive Leadership Mapping
12.2.4.1 Visionary Leaders
12.2.4.2 Innovators
12.2.4.3 Dynamic Differentiators
12.2.4.4 Emerging Companies
12.2.5 E-Bike Component Suppliers Competitive Mapping, 2018

13 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 E-Bike Manufacturers
13.1.1 Yamaha Motor Company
13.1.2 Giant Manufacturing Co. Ltd.
13.1.3 Accell Group N.V.
13.1.4 Aima Technology Group Co. Ltd.
13.1.5 Yadea Group Holdings Ltd
13.1.6 Pedego Electric Bikes
13.1.7 Merida Industry Co. Ltd
13.1.8 Trek Bicycle Corporation
13.1.9 Specialized Bicycle Components, Inc.
13.2 Component Suppliers
13.2.1 Robert Bosch GmbH
13.2.2 Samsung Sdi Co. Ltd.
13.2.3 Continental Ag
13.2.4 Panasonic Corporation
13.2.5 LG Chem Ltd
13.2.6 Johnson Matthey Battery Systems
13.2.7 Shimano
13.2.8 Bmz GmbH
13.2.9 Brose Fahrzeugteile
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies

14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.3 Available Customizations
14.3.1 Additional Company Profiles
14.3.1.1 Business Overview
14.3.1.2 SWOT Analysis
14.3.1.3 Recent Developments
14.3.1.4 MnM View
14.3.1.5 Who–Supplies–Whom Data
14.3.2 Region and Country Specific E-Bike Market, By Value and Volume
14.4 Related Reports
14.5 Author Details

List of Tables

Table 1 Currency Exchange Rates (WRT USD)
Table 2 Technology Developments in E-Bike: 1881–2018
Table 3 E-Bikes Regulation in Europe
Table 4 E-Bikes Regulation in Us
Table 5 E-Bikes Regulation in Asia
Table 6 E-Bike Regulation in Asia (Taiwan)
Table 7 E-Bike Regulation in Asia (China)
Table 8 E-Bike Regulation in Asia (India)
Table 9 E-Bike Market, By Class, 2016–2025 (Units)
Table 10 Class-I E-Bike Market, By Region, 2016–2025 (Units)
Table 11 Class-Ii E-Bike Market, By Region, 2016–2025 (Units)
Table 12 Class-Iii Market, By Region, 2016–2025 (Units)
Table 13 E-Bike Market, By Battery Type, 2016–2025 (Units)
Table 14 Lithium-Ion Battery Market, By Region, 2016–2025 (Units)
Table 15 Lithium-Ion Polymer Battery Market, By Region, 2016–2025 (Units)
Table 16 Lead Acid Battery Market, By Region, 2016–2025 (Units)
Table 17 Others Battery Market, By Region, 2016–2025 (Units)
Table 18 E-Bike Market, By Motor Type, 2016–2025 (Units)
Table 19 Hub Motor Market, By Region, 2016–2025 (Units)
Table 20 Mid Motor Market, By Region, 2016–2025 (Units)
Table 21 E-Bike Market, By Mode, 2016–2025 (Units)
Table 22 Pedal Assist Type E-Bike, By Region, 2016–2025 (Units)
Table 23 Throttle Type E-Bike, By Region, 2016–2025 (Units)
Table 24 E-Bike Market, By Region, 2016–2025 (Units)
Table 25 Asia Pacific: E-Bike Market, By Country, 2016–2025 (Units)
Table 26 China: E-Bike Market, By Usage, 2016–2025 (Units)
Table 27 Japan: E-Bike Market, By Usage, 2016–2025 (Units)
Table 28 Taiwan: E-Bike Market, By Usage, 2016–2025 (Units)
Table 29 South Korea: E-Bike Market, By Usage, 2016–2025 (Units)
Table 30 India: E-Bike Market, By Usage, 2016–2025 (Units)
Table 31 Europe: E-Bike Market, By Country, 2016–2025 (Units)
Table 32 Germany: E-Bike Market, By Usage, 2016–2025 (Units)
Table 33 The Netherlands: E-Bike Market, By Usage, 2016–2025 (Units)
Table 34 Belgium: E-Bike Market, By Usage, 2016–2025 (Units)
Table 35 France: E-Bike Market, By Usage, 2016–2025 (Units)
Table 36 Italy: E-Bike Market, By Usage, 2016–2025 (Units)
Table 37 ROE: E-Bike Market, By Usage, 2016–2025 (Units)
Table 38 North America: E-Bike Market, By Country, 2016–2025 (Units)
Table 39 Canada: E-Bike Market, By Usage, 2016–2025 (Units)
Table 40 US: E-Bike Market, By Usage, 2016–2025 (Units)
Table 41 Contracts & Agreements, 2015–2018
Table 42 New Product Developments, 2015–2018
Table 43 Expansions, 2015–2018
Table 44 Mergers & Acquisitions, 2015–2018
Table 45 Contracts & Agreements, 2015–2018
Table 46 New Product Developments, 2015–2018
Table 47 Expansions, 2015–2018
Table 48 Mergers & Acquisitions, 2015–2018

List of Figures

Figure 1 E-Bike Market: Market Segmentation
Figure 2 E-Bike Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews
Figure 5 E-Bike Market: Bottom-Up Approach
Figure 6 Data Triangulation
Figure 7 Global E-Bike Market: Market Dynamics
Figure 8 E-Bike Market, By Region, 2018–2025 (Million Units)
Figure 9 E-Bike Market, By Class, 2018 vs. 2025 (Million Units)
Figure 10 Increasing Concerns About Vehicle Emission and Traffic Congestion Will Drive the E-Bike Market During the Forecast Period
Figure 11 E-Bike Market Share, By Region, 2025 (Million Units)
Figure 12 Class I Segment to Hold the Largest Market Share, 2018 vs. 2025 (Units)
Figure 13 Lithium Ion Battery is Expected to Hold the Largest Market Share By 2025 (Units)
Figure 14 Hub Motor to Hold the Largest Market Share, 2018 vs. 2025 (Units)
Figure 15 Pedal Assist to Hold the Largest Market Share, 2018 vs. 2025 (Units)
Figure 16 City/Urban Bikes to Hold the Largest Market Share, 2018 vs. 2025 (Units)
Figure 17 E-Bike Market: Market Dynamics
Figure 18 Porter’s Five Forces: Automotive Software Market
Figure 19 Class-I Segment is Leading and Expected to Hold Its Position During the Forecast Period (2018–2025)
Figure 20 Lithium-Ion Battery Type is Leading the Segment and is Expected to Hold This Position During the Forecast Period (2018–2025)
Figure 21 Mid Motor Segment is Expected to Grow at A Higher Cagr During the Forecast Period (2018–2025)
Figure 22 Pedal Assist Mode is Leading the Segment and is Expected to Hold This Position During the Forecast Period (2018–2025)
Figure 23 Asia Pacific is Expected to Dominate the Market During the Forecast Period
Figure 24 Asia Pacific: E-Bike Market Snapshot
Figure 25 Europe: E-Bike Market Snapshot
Figure 26 North America: Market Snapshot (2018)
Figure 27 Companies Adopted Expansions as the Key Growth Strategy, 2015–2018
Figure 28 E-Bike: Market Ranking Analysis, 2016
Figure 29 Companies Adopted Expansions as the Key Growth Strategy, 2015–2018
Figure 30 E-Bike: Market Ranking Analysis, 2016
Figure 31 Yamaha Motor Company: Company Snapshot
Figure 32 Giant Manufacturing Co. Ltd.: Company Snapshot
Figure 33 Accell Group N.V.: Company Snapshot
Figure 34 Yadea Group Holdings Ltd: Company Snapshot
Figure 35 Merida Industry Co. Ltd: Company Snapshot
Figure 36 Robert Bosch GmbH: Company Snapshot
Figure 37 Samsung Sdi Co. Ltd.: Company Snapshot
Figure 38 Continental Ag: Company Snapshot
Figure 39 Panasonic Corporation: Company Snapshot
Figure 40 LG Chem Ltd: Company Snapshot
Figure 41 Johnson Matthey Battery Systems: Company Snapshot
Figure 42 Shimano : Company Snapshot

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