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Electric Bike (E-bike) Market to Exhibit 8.4% CAGR till 2027; Increasing Traffic Congestion in Developing Countries to Boost Growth, Says Fortune Business Insights™

September 18, 2020 | Automotive & Transportation

The global electric bike (e-bike) market size is projected to reach USD 10.90 billion by 2027. The rising traffic congestion in developing countries worldwide is set to surge demand. This information is given by Fortune Business Insights™ in a new report, titled, Electric Bike (E-bike) Market Size, Share & COVID-19 Impact Analysis, By Battery Type (Lead Acid, Lithium ion, Nickel-Metal Hydride and Others), By Propulsion Type (Pedal Assist and Throttle) and Regional Forecasts, 2020-2027.” The report further states that the global market stood at USD 10.05 billion in 2019. It is set to exhibit a CAGR of 8.4% during the forecast period between 2020 to 2027.


Pedego® Electric Bikes Unveils Pedego Patroller Edition Mountain Bike


In March 2019, Pedego® Electric Bikes, a manufacturer, headquartered in California launched its high-performance electric mountain bike named the Pedego Patroller Edition. It is specially designed to empower safety & security personnel, as well as law enforcement as they protect. The new bike was exhibited at the 29th Annual Conference of International Police Mountain Bike Association (IPMBA). It can reach those places where police motorcycles and cars cannot. Unlike the conventional bikes, it helps officers to cover more distances.


As per a company official, “Our latest Pedego bikes can be used for patrols, especially during summer and spring when the population is high. They can also be used to protect wildlife. Officers can catch deer poachers efficiently.”


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/electric-e-bike-market-102022


Rising Development of Environmentally-friendly Vehicles to Spur Growth


The governments of various countries worldwide are imposing strict rules and regulations on manufacturers and are compelling them to create vehicles with zero emissions. Their main aim is to reduce the emissions of greenhouse gas in the atmosphere. Many original equipment manufacturers (OEMs) are also investing hefty amounts of money in innovating e-bikes. This factor is anticipated to boost the electric bike market growth in the coming years. However, the outbreak of the COVID-19 pandemic may decline the demand these bikes owing to the lockdown and social distancing measures globally.


Key Players Aim to Develop Novel E-bikes to Gain a Competitive Edge


The prominent companies are striving to expand their geographic footprint by launching their e-bike showrooms in the desired locations. Some of the others are trying to study the latest trends and develop new vehicles as per the consumer requirements. Robert Bosch GmbH is a major player in the market. It is constantly developing state-of-the-art electrical components to maintain its position.


Fortune Business Insights™ presents a list of all the reputed e-bike manufacturers operating in the global market. They are as follows:



  • Giant Bicycles  (Taichung City, Taiwan)

  • Energica Motor Company (Modena, Italy)

  • Accell Group (Heerenveen, Netherlands)

  • Robert Bosch GmbH (Gerlingen, Germany)

  • Derby Cycle Holding Gmbh  (Cloppenburg, Germany)

  • Pedego Electric Bikes (California, United States)

  • Panasonic Corporation (Osaka, Japan)

  • Mahindra & Mahindra ltd (Mumbai, India)

  • Trek Bicycle corporation (Wisconsin, United States)

  • Bionx International Corporation (Ontario, Canada)

  • Shimano Inc (Osaka, Japan)


A Significant Industry Development-



  • March 2019: Giant Manufacturing Co. Ltd., a reputed bicycle manufacturer headquartered in Taiwan, opened its first showroom in Mumbai, India. It will be operated by Element Retail. The products are priced between Rs 35,000 to Rs 10.8 lakh. The company decided to expand its geographic footprint because of the high demand for international bikes in India.


Further Report Findings-



  • In 2019, Asia Pacific generated USD 8.47 billion in terms of revenue on account of the increasing sales and production of electric bicycles in China.

  • Europe is set to remain in the second position owing to the outbreak of the COVID-19 pandemic, which has caused a complete lockdown in the region. Hence, e-bikes are experiencing high demand.

  • Based on battery type, the lead acid segment procured 31.3% in terms of electric bike market share in 2019. The segment is expected to show a reduced growth throughout the forthcoming years because of the emission of harmful gases from these batteries.


The global market is segmented in the following way:








































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period  



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion) & Volume (Thousand units)



Segmentation



By Battery Type



  • Lead Acid

  • Lithium ion

  • Nickel-Metal Hydride

  • Others



By Propulsion Type



  • Pedal Assist

  • Throttle



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (U.K., Germany, France and Rest of Europe)

  • Asia-Pacific (Japan, China, India, South Korea and Rest of Asia- Pacific)

  • Rest of the World


Electric E Bike Market
  • PDF
  • 2019
  • 2016-2019
  • 200

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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