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Increase awareness towards environment, stringent government regulations, and rising fuel prices are expected to drive the growth of the e-bike marketThe global e-bike market was valued at USD 18,241.2 million in 2018 and is expected to reach USD 34,864.3 million in 2026, growing at a CAGR of 8.3% during the forecast period.
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According to the International Nickel Study Group, China is the largest exporter for the e-bikes and related component. For instance, Europe imports nearly one-third of the e-bikes, which are primarily from China. Furthermore, China, Japan, Taiwan, and Vietnam are the major exporting countries in the global e-bikes market.
Considering the current scenario, the cost of the e-bikes are primarily driven by the growth of the market. The price for the e-bikes widely varies from region to region. For instance, the average selling price (ASP) of e-bikes was USD 815 in 2014, which was USD 1,546 in Western Europe. However, the ASP of e-bikes in China was only USD 167, which is the reason for the global leading exporter for the e-bikes. Moreover, the increase in government initiatives to regulate the e-bikes and growth of the bike-sharing industry is expected to enhance the e-bike market size. This also expected to open investment opportunities in the global market for the manufacturers in the coming years.
However, the high cost of e-bikes and underdeveloped aftermarket services are expected to hamper the growth of the global e-bike market during the forecast period. Moreover, the cost of the batteries and raw material costs for the e-bikes are the prime challenges in the global market throughout the forecast period.
Key Findings:
• Based on the product type, the pedal assist/ pedelecs segment accounted for more than 50% of the share in the global e-bike market in 2018.
• The pedal assist/ pedelecs segment accounted for more than 50% of the share in the global e-bike market in 2018.
• The hub motor segment accounts of the largest share in the market and held for more than 64% of the total market in 2018.
• Asia-Pacific accounted for nearly 60% share of the global e-bike market in 2018.
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Recent News:
• In August 2019, Batch Bicycles, announced the launch of new E-Commuter Bicycle. The new E-Commuter Bicycle aimed to meet the demand for low-cost e-bikes in the global market.
• In August 2019, Lyft Corporation launched pedal-assist e-bikes in San Francisco, to expand its market share in the e-bike sharing industry in the US.
Table of Content
Chapter 1 Executive Summary
Chapter 2 Market Dynamics
Chapter 3 Global E-Bike Market, by Product Type
Chapter 4 Global E-Bike Market, by Battery Type
Chapter 5 Global E-Bike Market, by Motor Type
Chapter 6 Global E-Bike Market, by Region
Chapter 7 Competitive Intelligence
Chapter 8 Company Profiles
Chapter 9 Preface
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