Electric Bikes Market - Global Opportunity Analysis and Industry Forecast, 2025

Electric Bikes Market Overview:

The global electric bikes market size was valued at $16.34 billion in 2017, and is expected to reach $23.83 billion by 2025, registering a CAGR of 4.9% from 2018 to 2025.

An electric bike is a bicycle, scooter, or motorcycle with an integrated electric motor for propulsion. It is either partly assisted by peddling or completely propelled through electric power. It comes in various classes, such as pedelec/pedal assist (torque sensor, cadence drive), throttle on demand (twist grip, thumb & push button), and scooter/motorcycle. Consumers use electric bikes for commutation or recreation.
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The global electric bikes industry has been witnessing bright opportunities, owing to government support and strict rules in favor of electric bikes. Moreover, growing consumer inclination towards use of e-bikes as an eco-friendly and efficient solution to commute and increasing fuel costs drive the growth of the global electric bikes market. In addition, growing interest in cycling as a fitness and recreational activity has driven a paradigm shift in fitness-conscious customers, because riding the electric bike helps to travel longer distances with the same amount of peddling. Also, cycling is a healthy and low-impact activity having many physical and mental health benefits, such as building endurance, alleviating stress, enhancing muscle strength, and burgeoning the cardiovascular fitness population across the globe.
The North American electric bikes market is projected to witness the fastest growth during the forecast period, owing to growing adoption of electric bikes for daily commute, recreation, and fitness activities.
However, several aspects, such as high cost of e-bikes and ban on use of e-bikes in major cities in China, are projected to hamper the growth of the electric bikes market during the forecast period. Although, increase in investments in R&D activities to improve battery performance and improve bicycling infrastructure is expected to pose lucrative opportunities in the upcoming years.

The global electric bikes market by product type has been segmented into pedelecs, throttle on demand, and scooter & motorcycle. The market is dominated by the pedelecs segment, owing to its high adoption for commute globally. This segment comprises pedelec and speed pedelec e-bikes based on their power assistance and speed difference.
The electric bikes market by drive mechanism has been segmented into hub motor, mid drive, and others. The hub motor is the most-widely used drive mechanism in which either of the wheel is replaced with one having a hub motor connected by a wire to a battery or motor controller.

The global electric bikes market by battery type is segmented into Lead-acid, Lithium-ion (Li-ion), Nickel-metal hydride (NiMh), and others. The lead acid segment dominates the global market, owing to its low cost and ease of recycling. However, the popularity of Lithium-ion batteries has been rising exponentially, attributed to their light weight and high capacity.

The global electric bikes market by region has been analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region dominates the global market but is anticipated to witness a low growth rate during the forecast period, because of the ban on electric bikes in some major cities of China. The European region is anticipated to witness a significant demand, however, in North America, the electric bikes market is anticipated to grow at the highest CAGR throughout the forecast period. The LAMEA region is also anticipated to witness a notable growth, owing to rise in awareness about eco-friendly products.
The major players operating in the market focus on key market strategies, such as mergers, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the market include Trek Bicycle Corporation, Accell Group, Fuji-ta Bicycle Co., Ltd, Derby Cycle, Giant Manufacturing Co., Ltd., Jiangsu xinri e-vehicle Co., Ltd., Mahindra & Mahindra Ltd. (GenZe), Bionx International Corporation, Prodecotech, LLC, and Tianjin Golden Wheel Group Co., Ltd.
Key Benefits for Stakeholders

• The study provides an in-depth analysis of the market, with current trends and future estimations to elucidate the investment pockets.
• A comprehensive analysis of factors that drive and restrict the growth of the market is provided.
• The report provides a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities.
• An extensive analysis of different segments facilitates to understand various products of the market.
• The key market players and their strategies are profiled and analyzed thoroughly, which predict the competitive outlook of the market...

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