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Global Electric Bike Growth Opportunities
The Global Ebike Market is Poised for Significant Growth Because of Increasing Environmental Concerns, Favorable Government Regulations, Rising Concern Over Health and Fitness, and the Introduction of New Ebike Technologies
18-Oct-2023
North America
Market Research
Through incentives and subsidies, governments are encouraging users to transition from cars to eBikes. The increasing urbanization is pushing cities and last-mile delivery companies to promote micromobility, including eBikes and eCargo bikes. The growing number of companies, increasing eBike adoption, and attractive incentives are making the eBike market highly competitive. However, limitations in eBike weight and size can restrict companies from increasing their competitive edge. eBikes are a crucial data collection platform, and technologies, including image sensors and V2X, are key enablers. These bikes' increasing capabilities are making them a threat to eMopeds.
Europe has the highest eBike penetration rate in the bicycle market. eBike growth and penetration in China is slowing down due to regulations against eBike use. North America is witnessing steady growth and penetration, driven by new model launches.
eCargo bikes are cheaper to buy, operate, maintain, park, and insure compared to ICE scooters, cars, and vans. These bikes can cut through traffic due to their compact size and ride on bike lanes to completely avoid traffic congestion. eCargo bikes do not require a license to operate, increasing the rider pool, and the elimination of a registration cost lowers the acquisition cost for the owner. Unlike any other delivery vehicle, eCargo bikes get free parking in most countries as they are categorized under eBikes and are emission free. Typical eCargo bikes have a loading capacity of nearly 160 kgs, and the modular integration of cargo trailers can increase the capacity by 150 kgs.
While developed countries have high environmental awareness, developing countries in Asia lack awareness of sustainability. Air pollution is a key concern in most cities across the world, and eBikes offer a formidable solution to fight against polluting personal transport. Although awareness of health and fitness is increasing, the use of eBikes for these purposes is still low. Subsidies and financial incentives will promote eBike adoption and reduce upfront costs for consumers. eBike-specific infrastructure, such as bike lanes, parking, public transport entry, charging points, and battery swapping stations, are crucial to drive sales. Policy initiatives, including tax benefits, and switching from ICE two-wheelers and cars to eBikes, will enable consumers to choose eBikes for personal transportation needs.
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Electric Bike Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
eBike Segmentation and Definition
Market Segmentation
Key Market Participants by eBike Type
eBike Type by Class
Map of Major eBike Regions
Top 5 Countries with the Highest eBike Sales in 2022
Key Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Forecasting Methodology
Unit Sales Forecast
Unit Sales Forecast by Region
Analysis of eBike Growth and Penetration—Key Countries
eBike Growth and Penetration in Numbers—Key Countries
Key Ecosystem Stakeholders—A Representation
Global eBikes Market—Value Chain
Unit Sales Comparison, Global, 2022 versus 2023
Market Share Comparison by Country, 2022 versus 2030
3 Popular eBike OEMs by Select Countries
Key Investments
eCargo Bikes in Last-mile Delivery
eTrailers
Automatic Transmission Technology
Chainless Digital Drive Systems
Advanced Rider-assistance Systems (ARAS)
Aftermarket eBike Conversion Kits
Portable eBike Conversion Kits
Folding eBikes
Anti-lock Braking Systems (ABS)
eBike V2X Systems
eBike All-wheel Drive (AWD)
eBike Component Ecosystem
eBike Motor Architecture Types
Motor and Motor Module Suppliers in the Global eBike Ecosystem
OEMs that Partner with Bosch to Offer eBike Drive Systems
OEMs that Partner with Shimano to Offer the STEPS eBike Drive System
OEMs that Partner with Bafang, Panasonic and Brose to Offer eBike Drive Systems
Select eBike Motor Suppliers—A Competitive Analysis
Select Transmission Suppliers—A Competitive Analysis
eBike ABS
Major eBike ABS Suppliers—A Competitive Analysis
Select eBike Conversion Kit Suppliers—A Strategic Analysis
Select eBike Conversion Kit Suppliers—A Competitive Analysis
Tubeless eBike Tires
Market Overview
Key Growth Metrics
Growth Drivers
Growth Restraints
Unit Sales Forecast
Historic Sales of eBikes
Unit Sales Forecast by Country
Forecast Analysis
Select OEMs in North America—A Competitive Analysis
Recent Investments in Select eBike OEMs in North America
Analysis of Recent Investments in Select eBike OEMs in North America
Recent Innovations in the North American eBike Market
Select OEMs Partnering with eBike Drive System Suppliers in North America
eBike Market Environment in North America
eBike Subsidy Policies and Regulations in North America
Role of eBikes in the Ridesharing and CEP Industries in North America
Competitive Environment
Market Share
Market Overview
Key Growth Metrics
Growth Drivers
Growth Restraints
Unit Sales Forecast
Historic Sales of eBikes
Unit Sales Forecast by Country
Forecast Analysis
Select OEMs in Europe—A Competitive Analysis
Recent Investments in Select eBike OEMs in Europe
Analysis of Recent Investments in Select eBike OEMs in Europe
Recent Innovations in the European eBike Market
Select OEMs Partnering with eBike Drive System Suppliers in Europe
eBike Market Environment in Europe
Ownership, Vehicles in Operation (VIO), and Daily Cycling Traffic in Top 3 Countries
Top 10 Countries Selling the Highest Number of eBikes in Europe, 2022
Share of eBike Style in eBike Sales by User Age (Europe, 2022)
Import Countries for eBikes in Europe, 2021
eBike Incentives and Subsidy Policies in Europe
Role of eBikes in the Ridesharing and CEP Industries in Europe
Competitive Environment
Market Share
Market Overview
Key Growth Metrics
Growth Drivers
Growth Restraints
Unit Sales Forecast
Historic Sales of eBikes
Unit Sales Forecast by Country
Forecast Analysis
Select OEMs in Asia—A Competitive Analysis
Recent Investments in Select eBike OEMs in Asia
Analysis of Recent Investments in Select eBike OEMs in Asia
Recent Innovations in the Asian eBike Market
Select OEM Partnerships in Asia
eBike Market Environment in Asia
Top 10 eBike OEM Unit Sales, China
Top 10 eBike OEMs’ Market Share, China
Annual eBike Exports from Taiwan
Number of eBikes Exported to Destination Countries from Taiwan, 2021
eBike Incentives and Subsidy Policies in Asia
Role of eBikes in the Ridesharing and CEP Industries in Asia
Competitive Environment
Market Share
Growth Opportunity 1—Increasing Environmental Awareness
Growth Opportunity 1—Increasing Environmental Awareness(continued)
Growth Opportunity 2—Government Support and Incentives
Growth Opportunity 2—Government Support and Incentives (continued)
Growth Opportunity 3—Innovation and Technology Advancements
Growth Opportunity 3—Innovation and Technology Advancements (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
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List of Exhibits (continued)
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| Deliverable Type | Market Research |
|---|---|
| Author | Deepan Chinnaswamy |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Electric Bike Adoption Strategies |
| Keyword 2 | Strategic Growth in E-Bike Market |
| Keyword 3 | E-Bike Industry Growth Trends |
| Podcast | No |
| WIP Number | MGF1-01-00-00-00 |