Electric bikes or E-bikes are defined as bicycles that comprise of an electric motor that is integrated and is primarily used to provide propulsion for the bicycle. E-bikes run on rechargeable batteries, which can travel at a speed up to 25 to 32 kilometers of distance per hour, while the highly integrated e-bikes can even travel at a speed of 45 kilometers per hour. Electric bikes amplify the human power while not completely replacing it and are efficiently used for obstacles such as treks, hills and headwind without letting a rider get too tired by putting in lot of efforts. The demand for e-bikes is growing globally, as e-bikes can run on batteries without causing any pollution and are nature friendly. Hence, governments of various developing countries are initiating smart cities with energy efficient as well as eco-friendly hybrid cycles for the public, where they use it for transportation as well as for exercise and hence this is increasing the popularity as well as usage of e-bikes. With the onset of the Covid-19 pandemic, consumers are avoiding public transportation to curb the spread of coronavirus. Hence, there has been a growing preference towards e-bikes for transportation, it is one of the cheapest and convenient option for the pedestrian and other consumers using public transport.
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E-bikes come with added advantages such as being fast and flexible, minimizing expenses, improving fitness, being nature friendly and providing easy means of transportation. In current scenario, e-bikes are considered as a prime solution for mobility as it preserves the natural resources as well as keeps the environment safe. An e-bike comprises various parts such as a motors, batteries, controllers, throttles, pedal sensors (PAS) as well as torque sensors, e-brakes, torque arms, display and hall sensors. Pedal-assisted and throttle are two types of propulsion used in the e-bikes. Whereas, pedal-assisted provides different level of assistance to the riders and throttle are similar to how a motorcycle or scooter operates. In addition, hub drive and mid drive are two motors that are widely used in the e-bikes. Mid drive motors are used for heavy-duty applications and hub drive motors are used for short distance applications. City bikes, mountain bikes, trekking bikes, cargo bikes and kids’ bikes are different types of e-bikes that are commonly used by the riders.
Numerous leading organizations have been focusing on innovative ways to make transportation easy as well as hassle free. Key players in the e-bikes market are A2B Bicycles (Hero Eco Group), Benno Bikes LLC, Beistegui Hermanos S.A., Gocycle (Karbon Kinetics Ltd.), eROCKIT Systems GmbH, Accell Group N.V., EVELO, Inc., Giant Manufacturing Co., Ltd., Merida Industry Co., Ltd. and Yamaha Motor Corporation.
In 2019, Asia-Pacific held the largest share in the E-bikes market with China being the largest consumer market for e-bikes or electric bicycles. The electric bicycles in China has become more common due to easy availability and being cheaper in cost. The popularity of e-bikes is rising among regular commuters, leisure cyclists, and even among mountain bikers. With the onset of Covid-19 crisis, there is shift in consumer preferences, and adoption of e-bike applications in various sectors, such as e-bike rental services. In 2019, retail sales of electric bicycles in China was 15.41 Mn, as it is a leading market in electric bicycles across the world.
E-bikes market report has been segmented into types, applications, and end-users. It provide market share of each segment involved in E-bikes market. Companies operating in this market will get holistic understanding about fastest growing segment. This will allow them to identify their target customers as well as allocate their resources wisely. Segment analysis helps to create perfect environment for engagement, customer retention, and acquisition. This is section helps companies operating in the E-bikes market to identify key focus areas while making their strategic investments.
Segmentation by Bike Types:
Segmentation by Motor Types:
Hub Drive Motors
Mid Drive Motors
Segmentation by Propulsion Types:
E-bikes market report covers analysis of various regions, such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Market trends change region wise, resulting in change base on their physical environment. Thus, report include key regions, with sales, revenue, market share and growth rate of E-bikes in these regions, from 2020 to 2028. It analyzes region with highest market share along with fastest growing region in E-bikes market. Region wise report is further segmented into country level analysis. For instance, North America is segmented into U.S. and Canada. Europe include UK, France, and Germany followed by APAC, which includes countries, such as China, India, and Japan. Latin America consists of countries, such as Mexico and Brazil, and MEA countries included in E-bikes market are GCC Countries and South Africa.
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Major Points From Table of Content:
Global E-bikes Market Analysis, By Propulsion
Global E-bikes Market Analysis, By Motor Type
Global E-bikes Market Analysis, By Type
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