E-bikes Market (By Propulsion Type: Pedal-assisted, Throttle-assisted; By Battery Type; By Power; By Application) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The global e-bikes market was valued at USD 20.24 billion in 2022 and it is predicted to surpass around USD 72.01 billion by 2032 with a CAGR of 13.53% from 2023 to 2032.

E-bikes Market Size 2023 to 2032

Key Pointers

  • The pedal-assisted segment dominated the market in 2022 and accounted for over 58.03% market share.
  • The throttle-assisted segment is estimated to grow at the highest CAGR of 14.64% over the forecast period. 
  • The lead-acid battery segment dominated the market in 2022 and accounted for over 54.11% market share. 
  • The lithium-ion battery segment is estimated to grow at a CAGR of 12.93% from 2023 to 2032. 
  • The above 250W segment accounted for a 50.05% share of the overall market in 2022.
  • The less than or equal to 250W segment is anticipated to grow at a CAGR of 14.16% over the forecast period. 
  • The trekking segment accounted for over 49.66% share of the global revenue in 2022. 
  • The cargo segment is anticipated to grow at a CAGR of 14.44% from 2023 to 2032.
  • The Asia Pacific held the largest revenue share of over 76.04% in 2022.
  • North America is anticipated to grow at the highest CAGR of 15.86% from 2023 to 2032.

Report Scope of the E-bikes Market

Report Coverage Details
Market Size in 2022 USD 20.24 billion
Revenue Forecast by 2032 USD 72.01 billion
Growth rate from 2023 to 2032 CAGR of 13.53%
Base Year 2022
Forecast Period 2023 to 2032
Regions Covered North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Covered Yamaha Motor Company; Yadea Group Holdings Ltd.; Merida Industry Co. Ltd.; Pedego Electric Bikes

 

Several governments are undertaking initiatives to mitigate carbon footprints by encouraging the use of electric vehicles, electric bikes, and bicycles. The increasing awareness about the harmful effects of vehicles that run on fossil fuels is also boosting this trend. Furthermore, governments are focused on constructing bicycle-friendly streets, thereby encouraging individuals to choose bicycles as their mode of transport.

The growing demand for e-bikes can also be attributed to the increasing technological advancements in the industry. For instance, connected e-bikes feature a SIM module that allows them to send and receive data through the cloud without a smartphone connection. These bikes also offer features such as remote diagnostics, integrated navigation, anti-theft systems, social media connectivity, and automatic emergency calls. Robert Bosch GmbH is a leading player in the industry that offers connected e-bikes.

During the first half of 2020, the market witnessed a significant decline in growth owing to the outbreak of the COVID-19 pandemic. Lockdowns were imposed across the globe, which resulted in the short-term closure of various manufacturing and assembly units. However, the increasing need to avoid the use of public transport during this time has encouraged individuals to opt for bicycles. As a result, the demand for e-bikes has increased significantly as an affordable, safe, and convenient mode of transport.

Electric bikes are a flexible, eco-friendly, and versatile mode of transport. Customers consider them as an ideal substitute for smart cars, public transport, and scooters. They help to minimize traffic congestion owing to their reduced form factor, provide greater speed with marginal effort, and offer various health benefits. These factors are expected to support the demand for e-bikes globally.

Regional Insights

The Asia Pacific held the largest revenue share of over 76.04% in 2022, owing to the increasing consumption expenditure in countries such as China and India. The Asia Pacific is undergoing numerous technological advancements along with ever-developing charging infrastructure. The region is characterized by the presence of numerous prominent players, such as Yadea Group Holdings Ltd., Yamaha Motor Company, and Aima Technology Group Co. Ltd. The rising demand for eco-friendly transportation and increasing government initiatives is anticipated to further drive the growth.

North America is anticipated to grow at the highest CAGR of 15.86% from 2023 to 2032. The rising number of manufacturing units and IT companies, coupled with the surging tech-savvy and urban population in the region, is expected to drive the growth of the regional market. Furthermore, the low cost of raw materials and availability of cheap labor in the region are likely to provide lucrative opportunities for the regional market.

E-bikes Market Segmentations:

By Propulsion Type By Battery Type By Power By Application

Pedal-assisted

Throttle-assisted

Lithium-ion Battery

Lead-acid Battery

Less than or equal to 250W

Above 250W

City/Urban

Trekking

Cargo

Others

Frequently Asked Questions

The global e-bikes market size was reached at USD 20.24 billion in 2022 and it is projected to hit around USD 72.01 billion by 2032.

The global e-bikes market is growing at a compound annual growth rate (CAGR) of 13.53% from 2023 to 2032.

The Asia Pacific region has accounted for the largest e-bikes market share in 2022.

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on E-bikes Market 

5.1. COVID-19 Landscape: E-bikes Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global E-bikes Market, By Propulsion Type

8.1. E-bikes Market, by Propulsion Type, 2023-2032

8.1.1. Pedal-assisted

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Throttle-assisted

8.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global E-bikes Market, By Battery Type

9.1. E-bikes Market, by Battery Type, 2023-2032

9.1.1. Lithium-ion Battery

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Lead-acid Battery

9.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global E-bikes Market, By Power 

10.1. E-bikes Market, by Power, 2023-2032

10.1.1. Less than or equal to 250W

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Above 250W

10.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global E-bikes Market, By Application 

11.1. E-bikes Market, by Application, 2023-2032

11.1.1. City/Urban

11.1.1.1. Market Revenue and Forecast (2020-2032)

11.1.2. Trekking

11.1.2.1. Market Revenue and Forecast (2020-2032)

11.1.3. Cargo

11.1.3.1. Market Revenue and Forecast (2020-2032)

11.1.4. Others

11.1.4.1. Market Revenue and Forecast (2020-2032)

Chapter 12. Global E-bikes Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.1.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.1.3. Market Revenue and Forecast, by Power (2020-2032)

12.1.4. Market Revenue and Forecast, by Application (2020-2032)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.1.5.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.1.5.3. Market Revenue and Forecast, by Power (2020-2032)

12.1.5.4. Market Revenue and Forecast, by Application (2020-2032)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.1.6.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.1.6.3. Market Revenue and Forecast, by Power (2020-2032)

12.1.6.4. Market Revenue and Forecast, by Application (2020-2032)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.2.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.2.3. Market Revenue and Forecast, by Power (2020-2032)

12.2.4. Market Revenue and Forecast, by Application (2020-2032)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.2.5.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.2.5.3. Market Revenue and Forecast, by Power (2020-2032)

12.2.5.4. Market Revenue and Forecast, by Application (2020-2032)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.2.6.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.2.6.3. Market Revenue and Forecast, by Power (2020-2032)

12.2.6.4. Market Revenue and Forecast, by Application (2020-2032)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.2.7.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.2.7.3. Market Revenue and Forecast, by Power (2020-2032)

12.2.7.4. Market Revenue and Forecast, by Application (2020-2032)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.2.8.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.2.8.3. Market Revenue and Forecast, by Power (2020-2032)

12.2.8.4. Market Revenue and Forecast, by Application (2020-2032)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.3.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.3.3. Market Revenue and Forecast, by Power (2020-2032)

12.3.4. Market Revenue and Forecast, by Application (2020-2032)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.3.5.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.3.5.3. Market Revenue and Forecast, by Power (2020-2032)

12.3.5.4. Market Revenue and Forecast, by Application (2020-2032)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.3.6.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.3.6.3. Market Revenue and Forecast, by Power (2020-2032)

12.3.6.4. Market Revenue and Forecast, by Application (2020-2032)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.3.7.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.3.7.3. Market Revenue and Forecast, by Power (2020-2032)

12.3.7.4. Market Revenue and Forecast, by Application (2020-2032)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.3.8.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.3.8.3. Market Revenue and Forecast, by Power (2020-2032)

12.3.8.4. Market Revenue and Forecast, by Application (2020-2032)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.4.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.4.3. Market Revenue and Forecast, by Power (2020-2032)

12.4.4. Market Revenue and Forecast, by Application (2020-2032)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.4.5.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.4.5.3. Market Revenue and Forecast, by Power (2020-2032)

12.4.5.4. Market Revenue and Forecast, by Application (2020-2032)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.4.6.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.4.6.3. Market Revenue and Forecast, by Power (2020-2032)

12.4.6.4. Market Revenue and Forecast, by Application (2020-2032)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.4.7.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.4.7.3. Market Revenue and Forecast, by Power (2020-2032)

12.4.7.4. Market Revenue and Forecast, by Application (2020-2032)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.4.8.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.4.8.3. Market Revenue and Forecast, by Power (2020-2032)

12.4.8.4. Market Revenue and Forecast, by Application (2020-2032)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.5.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.5.3. Market Revenue and Forecast, by Power (2020-2032)

12.5.4. Market Revenue and Forecast, by Application (2020-2032)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.5.5.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.5.5.3. Market Revenue and Forecast, by Power (2020-2032)

12.5.5.4. Market Revenue and Forecast, by Application (2020-2032)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Propulsion Type (2020-2032)

12.5.6.2. Market Revenue and Forecast, by Battery Type (2020-2032)

12.5.6.3. Market Revenue and Forecast, by Power (2020-2032)

12.5.6.4. Market Revenue and Forecast, by Application (2020-2032)

Chapter 13. Company Profiles

13.1. Yamaha Motor Company

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Yadea Group Holdings Ltd.

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Merida Industry Co. Ltd.

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Pedego Electric Bikes

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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