The E-bike market is expected to register a CAGR of 7.89% for the 7 years between 2020 and 2027. The market was worth USD 38.15 billion in 2020. It is expected to be worth USD 72.73 billion in 2027.
E-bikes
have been selling like hotcakes in recent years. The reason for this is that
they are a great solution to the constant gridlock and congestion that
characterizes most urban areas around the world. They’re electric-powered and
contain all of the components that regular bikes do. E-bikes just have more
technological features because they’re more technologically advanced.
E-bikes
are also battery-powered. They have some components that regular mechanical
bikes don’t. These include a motor and a controller.
You
can either pedal them by foot or use a battery to make their motors run. There
are three types of batteries that are used with these E-bikes.
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E-Bike Market Segment overview
By market
This
segment can be grouped into the following sub-segments:
●
The
European Union
●
North
America
E-bike
manufacturers in these two regions are channeling most of their time,
resources, and energy into manufacturing mid-motors E-bikes. There’s a reason
for this. These types of bikes it’s simply less expensive and easier to make
these types of bikes. Mid-motors E-bikes tend to be smaller and more
lightweight than other types of E-bikes. They are also more energy-efficient
(rely on battery power less.) Finally, they can travel for longer distances.
E-Bike
Market Key Players
·
Accell
Group N.V.
·
Pon
Bike
·
Merida
Industry Co. Ltd
·
Giant
Manufacturing Co. Ltd
·
Yamaha
Motor Corporation
By propulsion type
This
segment can be grouped into:
●
Pedal-assisted
E-bikes
This
sub-segment had the largest market share.
By application type
This
segment can be grouped into:
●
city/urban
E-bikes
This
sub-segment has the largest market share.
Regional analysis
The
global E-bike market can be grouped into these geographic regions:
●
Asia-Pacific
●
The
European Union
●
North
America
The
Asia-Pacific region has the largest market share in the global E-bike market.
China, in particular, has the greatest number of E-bikes out of all the
countries in the world! The European Union comes in second place. The nations
in this union currently account for 39% of the market share for the global
E-bike market.
Germans
use E-bikes the most. They are followed by the French and Italians. In fact,
Germans prefer to commute to different places on E-bikes because they’re fast,
reliable, and burn energy cleanly.
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E-Bike Industry news
●
Riese
and Mueller business recently expanded its portfolio of E-bikes. It’s also
aggressively targeting major metros in America.
●
Cannondale
recently launched a new model of commuter E-bikes.
●
Merida
recently launched three E-bikes which are faster, more efficient, and burn
energy much cleaner!
●
Pon
bikes is a major manufacturer of E-bikes. They make their money by selling
specialty and regular E-bikes
to different nations around the world. Their customers are located in the
following nations:
○
China
○
Australia
○
Hong
Kong
○
Taiwan
○
The
United States of America
○
The
United Kingdom
○
Canada
○
The
Netherlands
●
Shimano
recently launched a new and innovative E-bike in the global E-bike market. This
new model can ride smoother and faster. It also rides safer and it emits fewer
polluting particles when doing so!
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