Global Electric Bikes Market Outlook 2030

Posted December 11, 2020 by prachitisharma98

Global Electric Bikes Market: By propulsion Type (pedal type & throttle type); By battery type (lithium ion nickel metal hydride, lead acid and Others); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2029
Bharat Book Bureau Provides the Trending Market Research Report on “Global Electric Bikes Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030”under Electronics Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Global Electric Bikes Market: By propulsion Type (pedal type & throttle type); By battery type (lithium ion nickel metal hydride, lead acid and Others); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2029

Product overview
The E-bike, commonly called the Electric Bicycle, is an integrated electric motor coupled with the bicycle pedals, providing an advance power. The main source of power in electric vehicle is Electricity which completely replaces the IC engine by battery power. Moving parts in an electric vehicle are comparatively low and hence it is light weight, fuel efficient and has a low maintenance.

The electric motorcycles mainly use Li-ion battery and are charged for a maximum of 99.4 miles (160 kilometers). These bicycles can be supplied with 8, 12 or 18-amp batteries hour batteries.

The most common type of E-bike is the pedal assist E-bikes, in which the major driving force is peddling instead of throttling. This type of bike is proving to be beneficial in hilly areas as it eases the driver to pedal hard with fewer efforts.

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Market Highlights

Fatpos Global anticipates the Electric bikes market to surpass USD XX Billion by 2030, which is valued at 15.42 billion in 2019 at a compound annual growth rate of 6.21%. Due to increasing urbanization and increasing traffic on the streets, the popularity of electric bike is increasing. Due to its power, long distance, and moderate speed, electriccycles are now considered a viable transport option. The fuel prices and the funding of government initiatives are some other explanation for growing demand for electric bike. In addition, people who are health-concious often favor electric motorcycles as the help in reducing toxic gasses, such as most cars running on petrol or diesel. These entire factors are the major force driving the growth of this market.

Source: Fatpos Global
Recent Highlights in the electric bikes market
• In July 2018, A 600Wh multi-location in tube battery, for Electrically Power Assisted Bicycles (EPACs) was introduced by Yamaha, which offers a 20 percent capacity increase
• In November 2016, Giant Bicycle partnered with the Cycling Development Foundation (CDF), a joint partnership in western Australia, to promote cycling growth
• In September 2017, a startup in Frankfurt named COBI was taken over by the Bosch e-bike system. The two firms now seek to encourage individuals, services and goods networking. Bosch will offer customers the opportunity to choose on-board computers and smartphones.
• In March 2018, Accell Group acquired the US-based Beeline Bikes.

Electric bikes Market: Segments
The global market has been segmented on the basis of propulsion type, battery type. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East and Africa.
By propulsion type (in %), global Electric bikes Market,2019
In 2018, in propulsion type, pedal-assisted e-bikes dominated the market and accounted for 88.32% of the global market
The global Electric bikes Market is segmented by propulsion type into: Pedal assist and throttle type.I
ncrease in air pollution and rising concerns of people’s health has driven the demand for eco-friendly pedal assist E-bikes. In certain countries government has also imposed norms to replace the conventional bikes by 2025.For example Europe is all set to reduce the vehicle emission by 20% till 2025.
By Battery type (in %), global Electric bikes Market, 2019~
Source: Fatpos Global
Lithium-ion segment is anticipated to dominate the market in the forecast period and has recorded a segment share of 25.7%.
The global electric bikes market is segmented by battery type: lead acid, lithium ion, nickel metal hydride and others
Lithium ion batteries are comparatively light weighted and provide high range compared to other batteries. Light weight and low maintenance are the major force driving the growth of this segment.
• Less battery life
Despite witnessing a rapid technological advancement in recent years, there are still many gaps and challenges that are being faced by the E-bikes industry which hinders the growth of this market. Among these the major challenge for the e-bikes industry is the battery life which have a life span of 2-3 years (lithium ion battery).
Global E-bikes Market: Regions
China is expected to hold 70% of the global market and around 80% of the Electric bikes which are sold in Europe are imported for China.
Asia pacific region is therefore the dominant region for the production and distribution of electric bikes. Also, rising disposable income of people has become a major force for the adoption of E-bikes in this region.
Asia Pacific: China, Japan, India, and Rest of Asia Pacific
Europe: Germany, the UK, France, and Rest of Europe
North America: The US, Mexico, and Canada
Latin America: Brazil and Rest of Latin America
Middle East & Africa: GCC Countries and Rest of Middle East & Africa
Global electric bikes Market: Impact of COVID-19
Global electric bikes Market: Key Players
• Yamaha Motor Corporation (Japan)
-Company Overview
-Business Strategy
-Key Product Offerings
-Financial Performance
-Key Performance Indicators
-Risk Analysis
-Recent Development
-Regional Presence
-SWOT Analysis
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Last Updated December 11, 2020