Product Code: AME2227SA
Introduction to E-Bike Market
The e-bike market encompasses a diverse range of electrically powered bikes, each tailored to meet distinct user requirements. E-bikes, equipped with rechargeable batteries and motors, enhance the cycling experience by providing assistance during rides, particularly on inclines and against headwinds. These vehicles are designed to facilitate easier commutes, promote fitness, and offer an environment-friendly alternative to traditional transport methods. The market includes several categories, such as urban, mountain, and cargo e-bikes, each serving different practical and recreational purposes. In an optimistic scenario, the market is evaluated at a valuation of $49.67 billion in 2024 and is projected to expand at a CAGR of 7.73% to reach $104.58 billion by 2034.
KEY MARKET STATISTICS |
Forecast Period | 2024 - 2034 |
2024 Evaluation | $49.67 Billion |
2034 Forecast | $104.58 Billion |
CAGR | 7.73% |
Electric bikes also include models that operate without the need for pedaling and are equipped with foot pegs instead. These cater to riders seeking higher speeds and longer-range capabilities. In some jurisdictions, these e-bikes require registration, state-issued plates, appropriate lighting, and adherence to safety regulations, including helmet use and insurance. Riders must be over 16 and possess a valid driver's license with specific endorsements.
Both types contribute to the expanding e-bike market, which is driven by technological advancements, urbanization, and a growing emphasis on sustainable transportation. Key industry players such as Trek Bicycle Corporation, Accell Group, and Merida Bikes continue to innovate, enhancing the performance and affordability of these vehicles. As the market evolves, it also addresses regulatory challenges and safety measures to ensure responsible usage and integration into urban transport systems.
Market Segmentation:
Segmentation 1: by Application
- Mountaineering/Trekking
- City/Urban
- Cargo
- Others
Segmentation 2: by Class
- Class I
- Class II
- Class III
Segmentation 3: by Battery Chemistry
Segmentation 4: by Motor
- Mid Drive
- Hub Motor
- Others
Segmentation 5: by Mode
- Throttle Assisted
- Pedal Assisted
Segmentation 6: by Speed
- <25 Miles/Hr
- >25 Miles/Hr
Segmentation 7: by Battery Capacity
- <250Wh
- 250Wh-750Wh
- >750Wh
Segmentation 8: by Component
- Batteries
- Electric Motors
Segmentation 9: by Region
- North America
- Europe
- Asia-Pacific
- Rest-of-the-World
How can this Report add value to an organization?
Product/Innovation Strategy: The global e-bike market has been extensively segmented based on various categories, such as application, class, battery chemistry, motor, mode, speed, battery capacity, and component. This can help readers get a clear overview of which segments account for the largest share and which ones are well-positioned to grow in the coming years.
Competitive Strategy: A detailed competitive benchmarking of the players operating in the global e-bike market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.
Some of the prominent companies in this market are:
- Accell Group
- AIMA Inc.
- Giant Bicycles
- MERIDA BIKES
- Pedego
- Specialized Bicycle Components, Inc.
Key Questions Answered in this Report:
- What are the main factors driving the demand for e-bikes?
- What are the major patents filed by the companies active in the e-bike market?
- Which are the key players in thee-bike market, and what are their respective market shares?
- What partnerships or collaborations are prominent among stakeholders in the e-bike market?
- What are the strategies adopted by the key companies to gain a competitive edge in the e-bike market?
- What is the futuristic outlook for the e-bike market in terms of growth potential?
- What is the current estimation of the e-bike market, and what growth trajectory is projected from 2024 to 2034?
- Which application and product segments are expected to lead the market over the forecast period 2024-2034?
- Which regions demonstrate the highest adoption rates for e-bikes, and what factors contribute to their leadership?
Table of Contents
Executive Summary
Scope and Definition
Market/Product Definition
Key Questions Answered
Analysis and Forecast Note
1. Markets: Industry Outlook
- 1.1 Trends: Current and Future Impact Assessment
- 1.1.1 Shift Towards Eco-Friendly Mode of Vehicles
- 1.1.2 Rising Fuel Prices
- 1.2 Supply Chain Overview
- 1.2.1 Value Chain Analysis
- 1.2.2 Pricing Forecast
- 1.3 R&D Review
- 1.3.1 Patent Filing Trend by Country, by Company
- 1.4 Regulatory Landscape
- 1.5 Stakeholder Analysis
- 1.5.1 Use Case
- 1.5.2 End User and Buying Criteria
- 1.6 Impact Analysis for Key Global Events
- 1.7 Market Dynamics Overview
- 1.7.1 Market Drivers
- 1.7.2 Market Restraints
- 1.7.3 Market Opportunities
2. E-Bike Market (by Application)
- 2.1 Application Segmentation
- 2.2 Application Summary
- 2.3 E-Bike Market (by Application)
- 2.3.1 Mountaineering/Trekking
- 2.3.2 City/Urban
- 2.3.3 Cargo
- 2.3.4 Others
3. E-Bike Market (by Products)
- 3.1 Product Segmentation
- 3.2 Product Summary
- 3.3 E-Bike Market (by Class)
- 3.3.1 Class I
- 3.3.2 Class II
- 3.3.3 Class III
- 3.4 E-Bike Market (by Battery Chemistry)
- 3.4.1 Li-ion
- 3.4.2 Lead Acid
- 3.4.3 Others
- 3.5 E-Bike Market (by Motor)
- 3.5.1 Mid Drive
- 3.5.2 Hub Motor
- 3.5.3 Others
- 3.6 E-Bike Market (by Mode)
- 3.6.1 Throttle Assisted
- 3.6.2 Pedal Assisted
- 3.7 E-Bike Market (by Speed)
- 3.7.1 <25 miles/hr
- 3.7.2 >25 miles/hr
- 3.8 E-Bike Market (by Battery Capacity)
- 3.8.1 <250Wh
- 3.8.2 >250Wh-<750Wh
- 3.8.3 >750Wh
- 3.9 E-Bike Market (by Component)
- 3.9.1 Batteries
- 3.9.2 Electric Motors
4. E-Bike Market (by Region)
- 4.1 Payment Gateway Market - by Region
- 4.2 North America
- 4.2.1 Regional Overview
- 4.2.2 Driving Factors for Market Growth
- 4.2.3 Factors Challenging the Market
- 4.2.4 Application
- 4.2.5 Product
- 4.2.6 U.S.
- 4.2.6.1 Market by Application
- 4.2.6.2 Market by Product
- 4.2.7 Canada
- 4.2.7.1 Market by Application
- 4.2.7.2 Market by Product
- 4.2.8 Mexico
- 4.2.8.1 Market by Application
- 4.2.8.2 Market by Product
- 4.3 Europe
- 4.3.1 Regional Overview
- 4.3.2 Driving Factors for Market Growth
- 4.3.3 Factors Challenging the Market
- 4.3.4 Application
- 4.3.5 Product
- 4.3.6 Germany
- 4.3.6.1 Market by Application
- 4.3.6.2 Market by Product
- 4.3.7 France
- 4.3.7.1 Market by Application
- 4.3.7.2 Market by Product
- 4.3.8 U.K.
- 4.3.8.1 Market by Application
- 4.3.8.2 Market by Product
- 4.3.9 Italy
- 4.3.9.1 Market by Application
- 4.3.9.2 Market by Product
- 4.3.10 Rest-of-Europe
- 4.3.10.1 Market by Application
- 4.3.10.2 Market by Product
- 4.4 Asia-Pacific
- 4.4.1 Regional Overview
- 4.4.2 Driving Factors for Market Growth
- 4.4.3 Factors Challenging the Market
- 4.4.4 Application
- 4.4.5 Product
- 4.4.6 China
- 4.4.6.1 Market by Application
- 4.4.6.2 Market by Product
- 4.4.7 Japan
- 4.4.7.1 Market by Application
- 4.4.7.2 Market by Product
- 4.4.8 India
- 4.4.8.1 Market by Application
- 4.4.8.2 Market by Product
- 4.4.9 South Korea
- 4.4.9.1 Market by Application
- 4.4.9.2 Market by Product
- 4.4.10 Rest-of-Asia-Pacific
- 4.4.10.1 Market by Application
- 4.4.10.2 Market by Product
- 4.5 Rest-of-the-World
- 4.5.1 Regional Overview
- 4.5.2 Driving Factors for Market Growth
- 4.5.3 Factors Challenging the Market
- 4.5.4 Application
- 4.5.5 Product
- 4.5.6 South America
- 4.5.6.1 Market by Application
- 4.5.6.2 Market by Product
- 4.5.7 Middle East and Africa
- 4.5.7.1 Market by Application
- 4.5.7.2 Market by Product
5. Companies Profiled
- 5.1 Next Frontiers
- 5.2 Geographic Assessment
- 5.2.1 Accell Group
- 5.2.1.1 Overview
- 5.2.1.2 Top Products/Product Portfolio
- 5.2.1.3 Top Competitors
- 5.2.1.4 Target Customers
- 5.2.1.5 Key Personnel
- 5.2.1.6 Analyst View
- 5.2.1.7 Market Share
- 5.2.2 AIMA Inc.
- 5.2.2.1 Overview
- 5.2.2.2 Top Products/Product Portfolio
- 5.2.2.3 Top Competitors
- 5.2.2.4 Target Customers
- 5.2.2.5 Key Personnel
- 5.2.2.6 Analyst View
- 5.2.2.7 Market Share
- 5.2.3 Giant Bicycles
- 5.2.3.1 Overview
- 5.2.3.2 Top Products/Product Portfolio
- 5.2.3.3 Top Competitors
- 5.2.3.4 Target Customers
- 5.2.3.5 Key Personnel
- 5.2.3.6 Analyst View
- 5.2.3.7 Market Share
- 5.2.4 MERIDA BIKES
- 5.2.4.1 Overview
- 5.2.4.2 Top Products/Product Portfolio
- 5.2.4.3 Top Competitors
- 5.2.4.4 Target Customers
- 5.2.4.5 Key Personnel
- 5.2.4.6 Analyst View
- 5.2.4.7 Market Share
- 5.2.5 Pedego
- 5.2.5.1 Overview
- 5.2.5.2 Top Products/Product Portfolio
- 5.2.5.3 Top Competitors
- 5.2.5.4 Target Customers
- 5.2.5.5 Key Personnel
- 5.2.5.6 Analyst View
- 5.2.5.7 Market Share
- 5.2.6 Pon
- 5.2.6.1 Overview
- 5.2.6.2 Top Products/Product Portfolio
- 5.2.6.3 Top Competitors
- 5.2.6.4 Target Customers
- 5.2.6.5 Key Personnel
- 5.2.6.6 Analyst View
- 5.2.6.7 Market Share
- 5.2.7 Rad Power Bikes Inc.
- 5.2.7.1 Overview
- 5.2.7.2 Top Products/Product Portfolio
- 5.2.7.3 Top Competitors
- 5.2.7.4 Target Customers
- 5.2.7.5 Key Personnel
- 5.2.7.6 Analyst View
- 5.2.7.7 Market Share
- 5.2.8 Trek Bicycle Corporation
- 5.2.8.1 Overview
- 5.2.8.2 Top Products/Product Portfolio
- 5.2.8.3 Top Competitors
- 5.2.8.4 Target Customers
- 5.2.8.5 Key Personnel
- 5.2.8.6 Analyst View
- 5.2.8.7 Market Share
- 5.2.9 Yadea Technology Group Co.,Ltd.
- 5.2.9.1 Overview
- 5.2.9.2 Top Products/Product Portfolio
- 5.2.9.3 Top Competitors
- 5.2.9.4 Target Customers
- 5.2.9.5 Key Personnel
- 5.2.9.6 Analyst View
- 5.2.9.7 Market Share
- 5.2.10 Yamaha Motor Co., Ltd.
- 5.2.10.1 Overview
- 5.2.10.2 Top Products/Product Portfolio
- 5.2.10.3 Top Competitors
- 5.2.10.4 Target Customers
- 5.2.10.5 Key Personnel
- 5.2.10.6 Analyst View
- 5.2.10.7 Market Share
- 5.2.11 Derby Bicycle
- 5.2.11.1 Overview
- 5.2.11.2 Top Products/Product Portfolio
- 5.2.11.3 Top Competitors
- 5.2.11.4 Target Customers
- 5.2.11.5 Key Personnel
- 5.2.11.6 Analyst View
- 5.2.11.7 Market Share
- 5.2.12 Evans Cycles
- 5.2.12.1 Overview
- 5.2.12.2 Top Products/Product Portfolio
- 5.2.12.3 Top Competitors
- 5.2.12.4 Target Customers
- 5.2.12.5 Key Personnel
- 5.2.12.6 Analyst View
- 5.2.12.7 Market Share
- 5.2.13 Canyon Bicycles GmbH
- 5.2.13.1 Overview
- 5.2.13.2 Top Products/Product Portfolio
- 5.2.13.3 Top Competitors
- 5.2.13.4 Target Customers
- 5.2.13.5 Key Personnel
- 5.2.13.6 Analyst View
- 5.2.13.7 Market Share
- 5.2.14 Cube Bikes
- 5.2.14.1 Overview
- 5.2.14.2 Top Products/Product Portfolio
- 5.2.14.3 Top Competitors
- 5.2.14.4 Target Customers
- 5.2.14.5 Key Personnel
- 5.2.14.6 Analyst View
- 5.2.14.7 Market Share
- 5.2.15 Specialized Bicycle Components, Inc.
- 5.2.15.1 Overview
- 5.2.15.2 Top Products/Product Portfolio
- 5.2.15.3 Top Competitors
- 5.2.15.4 Target Customers
- 5.2.15.5 Key Personnel
- 5.2.15.6 Analyst View
- 5.2.15.7 Market Share
6. Research Methodology