The Global eBike Market, 2019 - Class-III eBikes to Grow Fastest Over the Forecast Period (2018-2025) - ResearchAndMarkets.com

The "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" report has been added to ResearchAndMarkets.com's offering.

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.

Major Players Profiled

  • 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)

Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Product and Market Definition

1.3 Market Scope

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

2.3 Primary Data

2.4 Market Size Estimation

2.5 Market Breakdown and Data Triangulation

2.6 Research Assumptions and 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

6.2 Regulatory Overview

6.3 Porter's Five Forces

7 E-Bike Market, By Class

7.1 Introduction

7.2 Class-I

7.3 Class-II

7.4 Class-III

8 E-Bike Market, By Battery Type

8.1 Introduction

8.2 Lithium-Ion

8.3 Lithium-Ion Polymer

8.4 Lead Acid

8.5 Others

9 E-Bike Market, By Motor Type

9.1 Introduction

9.2 Hub Motor

9.3 Mid Motor

10 E-Bike Market, By Mode

10.1 Introduction

10.2 Pedal Assist Mode

10.3 Throttle Mode

11 E-Bike Market, By Region

11.1 Introduction

11.2 Asia Pacific

11.3 Europe

11.4 North America

12 Competitive Landscape

12.1 E-Bike Manufacturers

12.2 Component Suppliers

13 Company Profiles

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

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