Product Code: PMRREP18565
Persistence Market Research has recently released a comprehensive report on the global Electric Bikes Market. The report offers a thorough assessment of key market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global electric bikes market from 2024 to 2031.
Key Insights:
- Electric Bikes Market Size (2024E): USD 46.9 Bn
- Projected Market Value (2031F): USD 106.5 Bn
- Global Market Growth Rate (CAGR 2024 to 2031): 12.4%
Electric Bikes Market - Report Scope:
Electric bikes (e-bikes) have seen significant adoption worldwide due to their environmental benefits, cost-effectiveness, and convenience. These bikes are equipped with an electric motor that assists with pedaling, offering an alternative to traditional bicycles and vehicles. The market includes a variety of e-bike types, including pedelecs, throttle-based, and speed pedelecs, which are gaining popularity for both recreational and commuter use. The electric bikes market serves a wide range of applications, from urban commuting to leisure activities and delivery services.
Market Growth Drivers:
The global electric bikes market is driven by several key factors, including the rising demand for eco-friendly transportation options, increasing urbanization, and government incentives promoting green mobility. The growing concerns over traffic congestion, pollution, and the high costs associated with traditional vehicles further accelerate the shift toward electric bikes as a sustainable alternative. Technological advancements, such as improved battery efficiency, lightweight frame designs, and advanced motor systems, have made e-bikes more affordable and user-friendly, boosting adoption across various consumer segments. Moreover, increasing fuel prices and rising awareness about the health benefits of cycling contribute to the growing appeal of e-bikes.
Market Restraints:
Despite its promising growth, the electric bikes market faces certain challenges, including high upfront costs and concerns over battery life. While the price of e-bikes has decreased in recent years, they remain relatively expensive compared to traditional bicycles. Additionally, limited charging infrastructure in certain regions and range anxiety-concerns about battery depletion during long rides-may deter potential buyers. Furthermore, regulatory barriers regarding e-bike classifications, motor power restrictions, and safety standards could pose challenges for manufacturers and consumers.
Market Opportunities:
The electric bikes market presents significant growth opportunities driven by the increasing emphasis on sustainable transportation, technological innovations, and the expansion of shared e-bike services. The integration of IoT technologies, such as GPS tracking, anti-theft systems, and smartphone connectivity, is opening new avenues for e-bike manufacturers. Furthermore, the growing trend of "last-mile" delivery services and the increasing adoption of e-bikes in logistics and courier services present new opportunities for market expansion. The development of e-bikes with longer battery life, faster charging capabilities, and improved performance is expected to stimulate further adoption.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the electric bikes market globally?
- Which types of electric bikes and applications are gaining the most traction in different regions?
- How are technological advancements reshaping the competitive landscape of the electric bikes market?
- Who are the key players contributing to the electric bikes market, and what strategies are they employing to maintain market relevance?
- What are the emerging trends and future prospects in the global electric bikes market?
Competitive Intelligence and Business Strategy:
Leading players in the global electric bikes market, including Trek Bicycle Corporation, Giant Manufacturing Co. Ltd., and Panasonic Corporation, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop more efficient and affordable e-bikes, offering improved motor power, battery life, and designs suited to various consumer needs. Collaborations with urban planners, government bodies, and e-bike-sharing companies facilitate market access and encourage widespread adoption. Furthermore, expanding sales channels through online platforms and increasing focus on sustainable business practices are key strategies for market leaders.
Key Companies Profiled:
- Trek Bicycle Corporation
- Giant Manufacturing Co. Ltd.
- Panasonic Corporation
- Merida Industry Co. Ltd.
- Yamaha Motor Co., Ltd.
- Bosch eBike Systems
- Accell Group
- BH Bikes
- Raleigh Electric
- Pedego Electric Bikes
Market Segmentation
Product Type
- Class 1: Pedal Assist
- Class 2: Throttle On Demand
- Class 3: Speed Pedelec
- Class 4: Moped or Motorcycle
Battery Type
- Lithium iron phosphate (LiFePO4)
- Lithium Ion (Li Ion)
- Nickel Metal Hydride (NiMH)
- Lithium Polymer (LiPo)
- Lithium Titanate (Li2TiO3)
Conversion Kits Type
- Hub Motor Conversion Kits
- Mid Drive Conversion Kits
- All-in-One Wheel Kits
- Friction Drive
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Table of Contents
1. Executive Summary
2. Global Electric Bikes Market Overview
- 2.1. Introduction
- 2.1.1. Global Electric Bikes Market Taxonomy
- 2.1.2. Global Electric Bikes Market Definition
- 2.2. Global Electric Bikes Market Size (US$ Bn) and Forecast, 2024-2031
- 2.2.1. Global Electric Bikes Market Y-o-Y Growth
- 2.3. Global Electric Bikes Market Dynamics
- 2.4. Supply Chain
- 2.5. Cost Structure
- 2.6. Pricing Analysis
- 2.7. Raw Material Sourcing Strategy and Analysis
- 2.8. List of Distributors
- 2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Electric Bikes Market Analysis and Forecast By Product Type
- 3.1. Global Electric Bikes Market Size and Forecast By Product Type, 2024-2031
- 3.1.1. Class 1: Pedal Assist Electric Bikes Market Size and Forecast, 2024-2031
- 3.1.1.1. Revenue (US$ Bn) Comparison, By Region
- 3.1.1.2. Market Share Comparison, By Region
- 3.1.1.3. Y-o-Y growth Comparison, By Region
- 3.1.2. Class 2: Throttle On Demand Electric Bikes Market Size and Forecast, 2024-2031
- 3.1.2.1. Revenue (US$ Bn) Comparison, By Region
- 3.1.2.2. Market Share Comparison, By Region
- 3.1.2.3. Y-o-Y growth Comparison, By Region
- 3.1.3. Class 3: Speed Pedelec Electric Bikes Market Size and Forecast, 2024-2031
- 3.1.3.1. Revenue (US$ Bn) Comparison, By Region
- 3.1.3.2. Market Share Comparison, By Region
- 3.1.3.3. Y-o-Y growth Comparison, By Region
- 3.1.4. Class 4: Moped or Motorcycle Electric Bikes Market Size and Forecast, 2024-2031
- 3.1.4.1. Revenue (US$ Bn) Comparison, By Region
- 3.1.4.2. Market Share Comparison, By Region
- 3.1.4.3. Y-o-Y growth Comparison, By Region
4. Global Electric Bikes Market Analysis and Forecast By Battery Type
- 4.1. Global Electric Bikes Market Size and Forecast By Battery Type, 2024-2031
- 4.1.1. Lithium iron phosphate (LiFePO4) Electric Bikes Market Size and Forecast, 2024-2031
- 4.1.1.1. Revenue (US$ Bn) Comparison, By Region
- 4.1.1.2. Market Share Comparison, By Region
- 4.1.1.3. Y-o-Y growth Comparison, By Region
- 4.1.2. Lithium Ion (Li Ion) Electric Bikes Market Size and Forecast, 2024-2031
- 4.1.2.1. Revenue (US$ Bn) Comparison, By Region
- 4.1.2.2. Market Share Comparison, By Region
- 4.1.2.3. Y-o-Y growth Comparison, By Region
- 4.1.3. Nickel Metal Hydride (NiMH) Electric Bikes Market Size and Forecast, 2024-2031
- 4.1.3.1. Revenue (US$ Bn) Comparison, By Region
- 4.1.3.2. Market Share Comparison, By Region
- 4.1.3.3. Y-o-Y growth Comparison, By Region
- 4.1.4. Lithium Polymer (LiPo) Electric Bikes Market Size and Forecast, 2024-2031
- 4.1.4.1. Revenue (US$ Bn) Comparison, By Region
- 4.1.4.2. Market Share Comparison, By Region
- 4.1.4.3. Y-o-Y growth Comparison, By Region
- 4.1.5. Lithium Titanate (Li2TiO3) Electric Bikes Market Size and Forecast, 2024-2031
- 4.1.5.1. Revenue (US$ Bn) Comparison, By Region
- 4.1.5.2. Market Share Comparison, By Region
- 4.1.5.3. Y-o-Y growth Comparison, By Region
- 4.1.6. Others Electric Bikes Market Size and Forecast, 2024-2031
- 4.1.6.1. Revenue (US$ Bn) Comparison, By Region
- 4.1.6.2. Market Share Comparison, By Region
- 4.1.6.3. Y-o-Y growth Comparison, By Region
5. Global Electric Bikes Market Analysis and Forecast By Conversion Kits Type
- 5.1. Global Electric Bikes Market Size and Forecast By Conversion Kits Type, 2024-2031
- 5.1.1. Hub Motor Conversion Kits Electric Bikes Market Size and Forecast, 2024-2031
- 5.1.1.1. Revenue (US$ Bn) Comparison, By Region
- 5.1.1.2. Market Share Comparison, By Region
- 5.1.1.3. Y-o-Y growth Comparison, By Region
- 5.1.2. Mid Drive Conversion Kits Electric Bikes Market Size and Forecast, 2024-2031
- 5.1.2.1. Revenue (US$ Bn) Comparison, By Region
- 5.1.2.2. Market Share Comparison, By Region
- 5.1.2.3. Y-o-Y growth Comparison, By Region
- 5.1.3. All-in-One Wheel Kits Electric Bikes Market Size and Forecast, 2024-2031
- 5.1.3.1. Revenue (US$ Bn) Comparison, By Region
- 5.1.3.2. Market Share Comparison, By Region
- 5.1.3.3. Y-o-Y growth Comparison, By Region
- 5.1.4. Friction Drive Electric Bikes Market Size and Forecast, 2024-2031
- 5.1.4.1. Revenue (US$ Bn) Comparison, By Region
- 5.1.4.2. Market Share Comparison, By Region
- 5.1.4.3. Y-o-Y growth Comparison, By Region
6. Global Electric Bikes Market Analysis and Forecast By Region
- 6.1. Global Electric Bikes Market Size and Forecast, 2024-2031
- 6.1.1. North America Electric Bikes Market Size and Forecast, 2024-2031
- 6.1.1.1. Revenue (US$ Bn) Comparison, By Product Type
- 6.1.1.2. Revenue (US$ Bn) Comparison, By Battery Type
- 6.1.1.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 6.1.2. Latin America Electric Bikes Market Size and Forecast, 2024-2031
- 6.1.2.1. Revenue (US$ Bn) Comparison, By Product Type
- 6.1.2.2. Revenue (US$ Bn) Comparison, By Battery Type
- 6.1.2.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 6.1.3. Europe Electric Bikes Market Size and Forecast, 2024-2031
- 6.1.3.1. Revenue (US$ Bn) Comparison, By Product Type
- 6.1.3.2. Revenue (US$ Bn) Comparison, By Battery Type
- 6.1.3.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 6.1.4. Japan Electric Bikes Market Size and Forecast, 2024-2031
- 6.1.4.1. Revenue (US$ Bn) Comparison, By Product Type
- 6.1.4.2. Revenue (US$ Bn) Comparison, By Battery Type
- 6.1.4.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 6.1.5. APEJ Electric Bikes Market Size and Forecast, 2024-2031
- 6.1.5.1. Revenue (US$ Bn) Comparison, By Product Type
- 6.1.5.2. Revenue (US$ Bn) Comparison, By Battery Type
- 6.1.5.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 6.1.6. MEA Electric Bikes Market Size and Forecast, 2024-2031
- 6.1.6.1. Revenue (US$ Bn) Comparison, By Product Type
- 6.1.6.2. Revenue (US$ Bn) Comparison, By Battery Type
- 6.1.6.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
7. North America Electric Bikes Market Analysis and Forecast, By Country, 2024-2031
- 7.1. US Electric Bikes Market Size and Forecast, 2024-2031
- 7.1.1. Revenue (US$ Bn) Comparison, By Product Type
- 7.1.2. Revenue (US$ Bn) Comparison, By Battery Type
- 7.1.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 7.2. Canada Electric Bikes Market Size and Forecast, 2024-2031
- 7.2.1. Revenue (US$ Bn) Comparison, By Product Type
- 7.2.2. Revenue (US$ Bn) Comparison, By Battery Type
- 7.2.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
8. Latin America Electric Bikes Market Analysis and Forecast, By Country, 2024-2031
- 8.1. Brazil Electric Bikes Market Size and Forecast, 2024-2031
- 8.1.1. Revenue (US$ Bn) Comparison, By Product Type
- 8.1.2. Revenue (US$ Bn) Comparison, By Battery Type
- 8.1.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 8.2. Mexico Electric Bikes Market Size and Forecast, 2024-2031
- 8.2.1. Revenue (US$ Bn) Comparison, By Product Type
- 8.2.2. Revenue (US$ Bn) Comparison, By Battery Type
- 8.2.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 8.3. Argentina Electric Bikes Market Size and Forecast, 2024-2031
- 8.3.1. Revenue (US$ Bn) Comparison, By Product Type
- 8.3.2. Revenue (US$ Bn) Comparison, By Battery Type
- 8.3.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
9. Europe Electric Bikes Market Analysis and Forecast, By Country, 2024-2031
- 9.1. Germany Electric Bikes Market Size and Forecast, 2024-2031
- 9.1.1. Revenue (US$ Bn) Comparison, By Product Type
- 9.1.2. Revenue (US$ Bn) Comparison, By Battery Type
- 9.1.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 9.2. UK Electric Bikes Market Size and Forecast, 2024-2031
- 9.2.1. Revenue (US$ Bn) Comparison, By Product Type
- 9.2.2. Revenue (US$ Bn) Comparison, By Battery Type
- 9.2.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 9.3. France Electric Bikes Market Size and Forecast, 2024-2031
- 9.3.1. Revenue (US$ Bn) Comparison, By Product Type
- 9.3.2. Revenue (US$ Bn) Comparison, By Battery Type
- 9.3.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 9.4. Spain Electric Bikes Market Size and Forecast, 2024-2031
- 9.4.1. Revenue (US$ Bn) Comparison, By Product Type
- 9.4.2. Revenue (US$ Bn) Comparison, By Battery Type
- 9.4.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 9.5. Italy Electric Bikes Market Size and Forecast, 2024-2031
- 9.5.1. Revenue (US$ Bn) Comparison, By Product Type
- 9.5.2. Revenue (US$ Bn) Comparison, By Battery Type
- 9.5.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 9.6. Nordic Electric Bikes Market Size and Forecast, 2024-2031
- 9.6.1. Revenue (US$ Bn) Comparison, By Product Type
- 9.6.2. Revenue (US$ Bn) Comparison, By Battery Type
- 9.6.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
10. Japan Electric Bikes Market Analysis and Forecast, By Country, 2024-2031
- 10.1. Japan Electric Bikes Market Size and Forecast, 2024-2031
- 10.1.1. Revenue (US$ Bn) Comparison, By Product Type
- 10.1.2. Revenue (US$ Bn) Comparison, By Battery Type
- 10.1.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
11. APEJ Electric Bikes Market Analysis and Forecast, By Country, 2024-2031
- 11.1. China Electric Bikes Market Size and Forecast, 2024-2031
- 11.1.1. Revenue (US$ Bn) Comparison, By Product Type
- 11.1.2. Revenue (US$ Bn) Comparison, By Battery Type
- 11.1.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 11.2. India Electric Bikes Market Size and Forecast, 2024-2031
- 11.2.1. Revenue (US$ Bn) Comparison, By Product Type
- 11.2.2. Revenue (US$ Bn) Comparison, By Battery Type
- 11.2.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 11.3. Malaysia Electric Bikes Market Size and Forecast, 2024-2031
- 11.3.1. Revenue (US$ Bn) Comparison, By Product Type
- 11.3.2. Revenue (US$ Bn) Comparison, By Battery Type
- 11.3.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 11.4. Thailand Electric Bikes Market Size and Forecast, 2024-2031
- 11.4.1. Revenue (US$ Bn) Comparison, By Product Type
- 11.4.2. Revenue (US$ Bn) Comparison, By Battery Type
- 11.4.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 11.5. Singapore Electric Bikes Market Size and Forecast, 2024-2031
- 11.5.1. Revenue (US$ Bn) Comparison, By Product Type
- 11.5.2. Revenue (US$ Bn) Comparison, By Battery Type
- 11.5.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 11.6. Australia Electric Bikes Market Size and Forecast, 2024-2031
- 11.6.1. Revenue (US$ Bn) Comparison, By Product Type
- 11.6.2. Revenue (US$ Bn) Comparison, By Battery Type
- 11.6.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
12. MEA Electric Bikes Market Analysis and Forecast, By Country, 2024-2031
- 12.1. GCC Countries Electric Bikes Market Size and Forecast, 2024-2031
- 12.1.1. Revenue (US$ Bn) Comparison, By Product Type
- 12.1.2. Revenue (US$ Bn) Comparison, By Battery Type
- 12.1.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 12.2. South Africa Electric Bikes Market Size and Forecast, 2024-2031
- 12.2.1. Revenue (US$ Bn) Comparison, By Product Type
- 12.2.2. Revenue (US$ Bn) Comparison, By Battery Type
- 12.2.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 12.3. Nigeria Electric Bikes Market Size and Forecast, 2024-2031
- 12.3.1. Revenue (US$ Bn) Comparison, By Product Type
- 12.3.2. Revenue (US$ Bn) Comparison, By Battery Type
- 12.3.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
- 12.4. Israel Electric Bikes Market Size and Forecast, 2024-2031
- 12.4.1. Revenue (US$ Bn) Comparison, By Product Type
- 12.4.2. Revenue (US$ Bn) Comparison, By Battery Type
- 12.4.3. Revenue (US$ Bn) Comparison, By Conversion Kits Type
13. Global Electric Bikes Market Company Share, Competition Landscape and Company Profiles
- 13.1. Company Share Analysis
- 13.2. Competition Landscape
- 13.3. Company Profiles
- 13.3.1. Robert Bosch GmbH
- 13.3.2. Accell Group N.V.
- 13.3.3. Giant Manufacturing Co., Ltd.
- 13.3.4. Derby Cycle Holding GmbH
- 13.3.5. Jiangsu Xinri E-Vehicle Co. Ltd
- 13.3.6. Panasonic Corp.
- 13.3.7. Bionx International Corporation
- 13.3.8. Mahindra & Mahindra Ltd.
- 13.3.9. Samsung SDI Co., Ltd.
- 13.3.10. Prodeco Technologies Llc
14. Research Methodology
15. Secondary and Primary Sources
16. Assumptions and Acronyms
17. Disclaimer