The E-Bike market is expected to grow from US$ 39,660.1 Million in 2022 to US$ 1,08,604.6 Million by 2030. The E-Bike market is estimated to register a CAGR of 13.4% from 2022 to 2030.
The increasing development of e-bikes using lightweight material and advanced smart systems is likely to remain a key trend in the market.
The global e-bike market ecosystem stakeholders include raw material providers, e-bike component manufacturers, and end users. Component suppliers play a crucial role in the E-Bike market's ecosystem by providing the essential materials, equipment, and technologies required to design, manufacture, and install E-Bike systems. These suppliers contribute to the E-Bike industry's overall growth, efficiency, and performance. A raw material supplier plays a crucial role in the manufacturing of e-bikes. China is a hub for the supply of raw materials and component suppliers in order to manufacture the e-bikes. China contributes more than 50% of the share in the overall production and supply of the raw materials and components required for the e-bike market. The major components required are batteries and a motor. These components are widely manufactured in China, Germany, Italy, Japan, and the United States.
The major stakeholders in the global e-bike market ecosystem include raw material providers, component providers, and customers or end-users. The raw material provider is a crucial stakeholder in the ecosystem of the e-bike market. The major parts of the electric boat include plastic, steel, aluminum, wood, rubber, and among other parts. Component providers involve marine parts boat manufacturers, and charger providers. The key main end-users demanding electric boats are boat owners and boat rental service providers. The major raw material suppliers include Duffy Electric Boat Company, Evoy, RAND Boats, and other players.
The major e-bike market end users include hobbyists, trekking users, and the urban population. The growth is primarily attributed owing to government support and initiatives for the adoption of e-bikes in various countries. Also, rising investments by the key players in the market for the expansion of the e-bike manufacturing plant is driving the market growth. In April, 2023, EMotorad e-bike manufacturer planned to increase its production capacity of the e-bicycle in 2024. The company raised funding of more than US$ 30 million for this expansion with the aim of promoting green transportation.
Government-led incentives and schemes are promoting the adoption of e-bikes across the globe. For example, the Government of India provides a subsidiary for e-bike users. Trek Bicycle Corporation, Derby Cycle AG, Fuji Ta Bicycle Co., Ltd., Accell Group N.V., Robert Bosch GmbH, and Giant Manufacturing are major manufacturers focusing on technology and advancements for properly functioning e-bike equipment. For instance, in August 2023, Robert Bosch GmbH launched Performance SX Motor for its latest e-bikes models. This motor is powerful, compact design, and highly revolutionized for the manufacturing of lightweight e-bikes.
Increasing adoption and development of the e-bike models and e-bike sharing platforms among individuals around the globe is expected to create ample opportunity for market growth. Several companies are launching e-bike sharing platforms to avoid traffic congestion problems around the globe which is expected to create tremendous opportunities in the upcoming future.
Key segments that contributed to the derivation of the e-bike market analysis are, battery type, motor type and class.
The geographic scope of the e-bike market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The scope of the e-bike market report encompasses North America (the US, Canada, and Mexico), Europe (Russia, the UK, France, Germany, Italy, and the Rest of Europe), Asia Pacific (South Korea, India, Australia, Japan, China, and the Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa), and South & Central America (Argentina, Brazil, and the Rest of South & Central America). In terms of revenue, APAC dominated the e-bike market share in 2022. Europe is the second-largest contributor to the global e-bike market, followed by North America.
The regional trends and factors influencing the E-Bike Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses E-Bike Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 39,660.1 Million |
| Market Size by 2030 | US$ 1,08,604.6 Million |
| Global CAGR (2022 - 2030) | 13.4% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Battery Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The E-Bike Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the E-Bike Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The e-bike market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the e-bike market are listed below:
The “E-Bike Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
The List of Companies - E-Bike Market
US$ 1,08,604.6 million estimated value of the e-bike market by 2030.
13.4% is the expected CAGR of the e-bike market.
APAC dominated the e-bike market in 2022.
The increasing development of e-bikes using lightweight material and advanced smart systems is likely to remain a key trend in the market.
Haibike, Aventon Bikes, Giant Manufacturing Co Ltd, Merida Industry Co., Ltd., Pedego Electric Bikes, Robert Bosch GmbH, Specialized Bicycle Components, Inc., Shimano Inc., Trek Bicycle Corp., and Yamaha Motor Co Ltd are some of the leading players in the market.