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E-bike is also referred as electronic bicycle, which is a type of standard bicycle equipped with a battery, electric motor, and drivetrain. The bike offers the facility to move on rechargeable battery or through pedaling. E-bikes are convenient and simple to use for all age groups. Moreover, these bikes are an economical alternative to motored vehicles as a single battery charge can cover a long distance.

The primary factor driving the market growth includes the rising popularity of cycling as a recreational activity across the globe. This is mainly due to significant advantages associated with cycling to physical and mental health. Some of the advantages include reduced stress and depression level, muscle strength and flexibility, and improved cardiac fitness. The young population is increasingly opting for adventure sports which is anticipated to boost the demand for e-bikes during the forecast period.

In response with rising popularity, the e-bike manufacturers are focused on product innovation coupled with technological advancements such as introduction of SIM module that enables the e-bike to transfer the data and information to and from the cloud without any connected smartphone. These connected e-bikes offer several advantageous features including remote diagnostics, anti-theft system, social media connection, integrated navigation, and automatic emergency cell. Robert Bosch is one of the major players in e-bike market, which offers connected bike solutions. For instance, SmartphoneHub developed by Bosch provides the facility to connect to a smartphone for supporting the riders before and after the journey. The lock premium function by Bosch offers greater security by converting the Kiox connected onboard computer into the key for greater security.

Global E-Bike Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has significantly disrupted almost all the industries including automotive and others. To combat COVID-19 pandemic, most of the countries had implemented lockdown and are now easing it phase-wise and industry wise. This has significantly impacted the automotive sector as the facilities across the globe were temporarily shut down. In the first quarter of 2020, the sale of e-bikes were decreased drastically as the stores were closed. However, now the unlock process has started in most countries including France, India, China, Japan, Italy, and the U.S., the sales graph of e-bikes is recovering significantly. Post-2021, the global market is expected to return to normalcy with a moderate growth in the demand for e-bikes.

Europe is expected to hold dominant position in the global e-bike market during the forecast period.

Statistics:

Europe held dominant position in the global e-bike market in 2020, accounting for 32.0% share in terms of value, followed by North America and Asia Pacific.

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E-Bike Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 18,223.4 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2027 CAGR: 10.4% 2028 Value Projection: US$ 39,489.5 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa
Segments covered:
  • By Type: Mountain Bike, Road Bike, City Bike, Cargo Bike, Others
  • By Battery Type: Lead Acid, Nickel-cadmium, Nickel-metal Hydride, Lithium-ion
  • By Motor: Hub Motor, Mid Motor
  • By Operation Mode: Battery/Peddle Operated, Throttle Operated
Companies covered:

Accell Group, BionX, Bosch, Derby Cycle AG, Easy Motion, Electric Bike Technologies LLC, Giant Bicycles, GRACE, Jiangsu Xinri E-Vehicle Co. Ltd., Panasonic, Pedego, Stromer, Superpedestrian, Trek, and Yadea Technology Group Co. Ltd.

Growth Drivers:
  • Advantages offered by e-bikes
  • Rising concerns regarding air pollution and environmental degradation
Restraints & Challenges:
  • High cost of e-bikes

Figure 1: Global E-Bike Market Share (%), By Region, 2020

E-bike  | Coherent Market Insights

The regional growth can be attributed to rising concerns towards environmental degradation and air pollution. This has increased the demand for e-bikes in most of the European countries including Netherland, Germany, and Belgium, as e-bikes can be charged through solar power and have low carbon emission.

Major players operating in the global e-bike market include Accell Group, BionX, Bosch, Derby Cycle AG, Easy Motion, Electric Bike Technologies LLC, Giant Bicycles, GRACE, Jiangsu Xinri E-Vehicle Co. Ltd., Panasonic, Pedego, Stromer, Superpedestrian, Trek, and Yadea Technology Group Co. Ltd.

By battery type, the lithium-ion sub-segment is expected to hold largest market share in 2020, owing to several benefits offered by these batteries. For instance, the lithium-ion batteries offer more power to weight ratio as compared with other batteries, are eco-friendly, and have better life cycle. Moreover, several government initiatives to promote the adoption of lithium-ion battery is anticipated to favor the segment growth. For instance, in 2019 due to government mandate, the Chinese manufactures had to shift from lead acid batteries to lithium ion batteries.

Figure 2: Global E-Bike Market Value (US$ Mn), 2017 – 2028

E-bike  | Coherent Market Insights

The global e-bike market was valued at US$ 18,223.4 Mn in 2020 and is expected to reach US$ 39,489.5 Mn by 2028, exhibiting a CAGR of 10.4% between 2021 and 2028.

Electric bicycles are also known as the e-bikes. The e-bikes are equipped with electric motor and battery to offer pedal assistance to rider. E-bikes are affordable and convenient way of transport compared to the public transport. The popularity of E-Bike is rapidly increasing owing to the environmental benefits such as zero emission transport, according to the Coherent Market Insight analysis, 2020. The e-bikes are categorized into mountain bike, road bike, city bike, and cargo bike. The cargo e-bikes are used for the transportation of the goods. The cargo bikes are further categorized into: front loaders and long tails cargo bikes. Mountain bikes are specially designed for the off-road cycling. These bikes have high endurance and include suspension fork and large knobby tires. The road bikes are light weight and are specially designed considering speed in mind. These bikes are generally used to cover longer distances and have huge wheels in terms of circumference, so that they can cover longer distance in shorter time.   

Market Dynamics

The demand of e-bikes is rapidly increasing owing to which market players are focusing on the acquisition and partnerships to enhance their geographical reach, product offering, and acquire maximum market share. For instance, in November 2019, Pon Bike, a Netherland based electric bicycle manufacturer acquired Urban Arrow, a Dutch E-bike company. The Urban Arrow has expertise in cargo E-Bike manufacturing. In addition to this, in September 2017, Trek Bicycle Corporation, a U.S. based e-bike manufacturer partnered with Tome Software to develop the B2V (Bicycle to Vehicle) technology.  This technology is focused on creating a communication between vulnerable cyclist and vehicles.

However the high initial cost is expected to restrain the global e-bike market during the forecast period 2021-2028.

Market Taxonomy

This report segments the global e-bike market on the basis of type, battery type, motor, operation mode, and region. On the basis of type, global e-bike market is segmented into mountain bike, road bike, city bike, cargo bike, and others. On the basis of battery type, the global e-bike market is segmented into lead acid, nickel-cadmium, nickel-metal hydride, and lithium-ion. On the basis of motor, the global e-bike market is segmented into hub motor and mid motor. On the basis of operation mode, the global e-bike market is segmented into battery/peddle operated and throttle operated. On the basis of region, global e-bike market is segmented into North America, Latin America, Europe, Asia pacific, and Middle East & Africa.

Key features of the study:

  • This report provides an in-depth analysis of the global e-bike market and provides market size (Volume Units) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global e-bike market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the global e-bike market include Accell Group, BionX, Bosch, Derby Cycle AG, Easy Motion, Electric Bike Technologies LLC, Giant Bicycles, GRACE, Jiangsu Xinri E-Vehicle Co. Ltd., Panasonic, Pedego, Stromer, Superpedestrian, Trek, and Yadea Technology Group Co. Ltd.
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global e-bike market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global e-bike market

Detailed Segmentation:

  • Global E-Bike Market, By Type:
    • Mountain Bike
    • Road Bike
    • City Bike
    • Cargo Bike
    • Others
  • Global E-Bike Market, By Battery Type:
    • Lead Acid
    • Nickel-cadmium
    • Nickel-metal Hydride
    • Lithium-ion
  • Global E-Bike Market, By Motor:
    • Hub Motor
    • Mid Motor
  • Global E-Bike Market, By Operation Mode :
    • Battery/Peddle Operated
    • Throttle Operated
  • Global E-Bike Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa
  • Company Profiles
    • Accell Group**
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Key highlights
    • BionX
    • Bosch
    • Derby Cycle AG
    • Easy Motion
    • Electric Bike Technologies LLC
    • Giant Bicycles
    • GRACE
    • Jiangsu Xinri E-Vehicle Co. Ltd.
    • Panasonic
    • Pedego
    • Stromer
    • Superpedestrian
    • Trek
    • Yadea Technology Group Co. Ltd.

**All the pointers will also be provided for the rest of the companies. This is partial list of companies from our repository. Browse all the market data tables and figures on ‘E-Bike Market – Global Forecast to 2028’

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Battery Type
      • Market Snippet, By Motor
      • Market Snippet, By Operation Mode
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Solutions Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global E-Bike Market - Impact of Coronavirus (Covid-19) Pandemic
    • Short Term
    • Long term
  5. Global E-Bike Market, By Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017 and 2028 (%)
      • Segment trends
    • Mountain Bike
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017–2028, (US$ Million)
    • Road Bike
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017–2028, (US$ Million)
    • City Bike
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017–2028, (US$ Million)
    • Cargo Bike
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017–2028, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017–2028, (US$ Million)
  6. Global E-Bike Market, By Battery Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017 and 2028 (%)
      • Segment trends
    • Lead Acid
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017–2028, (US$ Million)
    • Nickel-cadmium
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017–2028, (US$ Million)
    • Nickel-metal Hydride
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017–2028, (US$ Million)
    • Lithium-ion
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017–2028, (US$ Million)
  7. Global E-Bike Market, By Motor, 2017-2028 (US$ Million)
    • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017 and 2028 (%)
      • Segment trends
    • Hub Motor
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017–2028, (US$ Million)
    • Mid Motor
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017–2028, (US$ Million)
  8. Global E-Bike Market, By Operation Mode, 2017-2028 (US$ Million)
    • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017 and 2028 (%)
      • Segment trends
    • Battery/Peddle Operated
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017–2028, (US$ Million)
    • Throttle Operated
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2017–2028, (US$ Million)
  9. Global E-Bike Market, By Region, 2017-2028  (US$ Million)
    • Introduction
      • Market Size and Forecast, By Region, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2017 and 2028 (%)
      • Regional Trends
    • North America
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Battery Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Motor, 2017–2028(US$ Million)
      • Market Size and Forecast, By Operation Mode, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Country, 2017 - 2028
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Type, 2017–2028(US$ Million)
      • Market Size and Forecast, By Battery Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Motor, 2017–2028(US$ Million)
      • Market Size and Forecast, By Operation Mode, 2017–2028(US$ Million)
      • Market Size and Forecast, By Country, 2017 - 2028
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Type, 2017–2028(US$ Million)
      • Market Size and Forecast, By Battery Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Motor, 2017–2028(US$ Million)
      • Market Size and Forecast, By Operation Mode, 2017–2028(US$ Million)
      • Market Size and Forecast, By Country, 2017 - 2028
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Type, 2017–2028(US$ Million)
      • Market Size and Forecast, By Battery Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Motor, 2017–2028(US$ Million)
      • Market Size and Forecast, By Operation Mode, 2017–2028(US$ Million)
      • Market Size and Forecast, By Country, 2017 - 2028
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast, By Type, 2017–2028(US$ Million)
      • Market Size and Forecast, By Battery Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Motor, 2017–2028(US$ Million)
      • Market Size and Forecast, By Operation Mode, 2017–2028(US$ Million)
      • Market Size and Forecast, By Region/Country, 2017 - 2028
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  10. Competitive Landscape
    • Company Profiles
      • Accell Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • BionX
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bosch
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Derby Cycle AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Easy Motion
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Electric Bike Technologies LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Giant Bicycles
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • GRACE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Jiangsu Xinri E-Vehicle Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Panasonic
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Pedego
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Stromer
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Superpedestrian
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Trek
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Yadea Technology Group Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  11. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse market data tables and figures on ‘E-Bikes Market – Global forecast to 2028’

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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