E-Bike Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025
- Published: Apr 2021
- Pages: 120
- SKU: IRTNTR40480
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The e-bike market share is expected to increase to 15.81 million units from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.22%.
This e-bike market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers e-bike market segmentation by battery type (SLA battery and li-ion battery) and geography (APAC, Europe, North America, South America, and MEA). The e-bike market report also offers information on several market vendors, including Accell Group NV, BH BIKES EUROPE SL, Derby Cycle Holding GmbH, Georg Fritzmeier GmbH and Co. KG, Giant Manufacturing Co. Ltd., Klever Mobility Europe GmbH, Riese and Müller GmbH, Yadea Group Holdings Ltd., Yamaha Motor Co. Ltd., and Zhejiang Luyuan Electric Vehicle Co. Ltd. among others.
What will the E-bike Market Size be During the Forecast Period?
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E-bike Market: Key Drivers, Trends, and Challenges
The declining cost of Li-ion batteries is notably driving the e-bike market growth, although factors such as the product recall due to possible failures may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the e-bike industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key E-bike Market Driver
One of the key factors driving the global e-bike market is the declining cost of Li-ion batteries. The expanding use of EVs in the global automotive sector has provided Li-ion battery manufacturers with economies of scale, lowering the cost of Li-ion batteries and making them viable for use in e-bikes. As a result, Li-ion batteries are increasingly being used in e-bikes, particularly by bike-sharing firms. For instance, Yulu Bikes Pvt. Ltd. (Yulu Bikes), an Indian bike-sharing firm, employs domestically manufactured Li-ion batteries in its e-bikes. Furthermore, the cost of Li-ion batteries is declining as the volume of production increases and manufacturing efficiency improves. Between 2010 ($1,160 kWh) and 2019 ($156 kWh), the average cost of Li-ion battery packs per kWh fell by more than 86.55%. By the end of the forecast period, it is predicted to have dropped by around 35%. The cost of Li-ion batteries is decreasing as the price of battery-grade lithium carbonate and lithium hydroxide falls. During the projected period, the cost of Li-ion batteries is predicted to drop, propelling the global e-bike market forward.
Key E-bike Market Trend
The rising popularity of connected e-bikes is another factor supporting the global e-bike market growth in the forecast period. The introduction of ride-sharing, ride-hailing, and car rental services has aided in the adoption of connected automobiles. The worldwide popularity of e-bike-sharing services has resulted in the development of connected e-bikes. E-bike sharing firms and users can both track the real-time location of connected e-bikes. Connected e-bikes allow service providers to track the state of charge of batteries, allowing for more timely repair. Furthermore, connected e-bikes have the potential to improve and expand the e-bike-sharing business model, making it an important aspect of urban transportation. Furthermore, e-bikes have the potential to become an element of the seamless Mobility-as-a-Service (MaaS) with the incorporation of connection elements. A smartphone application can monitor, book, and pay for a bike once it is connected to a service network. Seamless connectivity with public transportation systems will also enable connected e-bikes to become a last-mile connectivity solution. During the forecast period, the popularity of connected e-bikes is likely to propel the global e-bike market.
Key E-bike Market Challenge
Product recalls due to possible failures will be a major challenge for the global e-bike market during the forecast period. Vehicle recalls can be caused by product flaws or the probable breakdown of systems. Formerly, producers were responsible for the whole expense of product recalls. However, as vendor relationships and partnerships with suppliers have improved along the value chain, suppliers and manufacturers have been urged to share the cost of product recalls. Vehicle manufacturers, tier-1 suppliers, and other stakeholders in the value chain have benefited from cost-sharing. It does, however, have a negative influence on their profit margins. As a result, product recalls are a challenge for all stakeholders involved. For instance, in December 2019, Trek Bicycle Corp., which is the parent company of Electra Bicycle Co., recalled 2,840 e-bikes after receiving two reports of the use of wrong bolts to secure the front fender to the fork crown. Similarly, in July 2019, Faraday Bicycles Inc. recalled about 4,450 e-bikes, owing to the possible failure of seat posts. Such recalls incur additional expenses for the manufacturers of e-bikes, which is a challenge for the growth of the global e-bike market during the forecast period.
This e-bike market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global e-bike market as a part of the global leisure products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the e-bike market during the forecast period.
Who are the Major E-bike Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Accell Group NV
- BH BIKES EUROPE SL
- Derby Cycle Holding GmbH
- Georg Fritzmeier GmbH and Co. KG
- Giant Manufacturing Co. Ltd.
- Klever Mobility Europe GmbH
- Riese and Müller GmbH
- Yadea Group Holdings Ltd.
- Yamaha Motor Co. Ltd.
- Zhejiang Luyuan Electric Vehicle Co. Ltd.
This statistical study of the e-bike market encompasses successful business strategies deployed by the key vendors. The e-bike market is fragmented and the vendors are deploying growth strategies such as new product launches, increasing geographic presence, and introducing online platforms to compete in the market.
Product Insights and News
- Accell Group NV - The company has a bicycle brand portfolio of 18 brands. Some of the brands that specialize in e-bikes include Babboe, Batavus, Ghost, Haibike, Koga, Lapierre, Raleigh, Sparta, and Winora.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The e-bike market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
E-bike Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the e-bike market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global leisure products market includes the following core components:
- Inbound logistics
- Outbound logistics
- Marketing and sales
- Support activities
The report has further elucidated other innovative approaches being followed by manufacturer providers to ensure a sustainable market presence.
Which are the Key Regions for E-bike Market?
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55% of the market's growth will originate from Europe during the forecast period. Germany, The Netherlands, France, and Belgium are the key markets for the e-bike market in Europe. Market growth in this region will be faster than the growth of the other regions.
In Europe, e-bikes are being perceived as the next mode of mobility and also as a lesuire product, such factors will facilitate the e-bike market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 forced the government of different European countries to impose restrictions on market and business activities and transportation, leading to the closure of manufacturing units and various offline distributors that together led to a decline in the growth of the regional market. However, the relaxation of lockdown measures in 2021 and the reopening of offline shops is likely to enhance the growth of the e-bike market in Europe during the forecast period.
What are the Revenue-generating battery type Segments in the E-bike Market?
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The e-bike market share growth by the SLA battery market segment will be significant during the forecast period. SLA batteries, also known as gel cells, are a type of lead-acid battery with coagulated sulfuric acid electrolyte. These batteries are partially sealed and have vents to eliminate gases that are accidentally formed while overcharging. They are widely available across regions as they offer high output efficiency, especially at temperatures below 68°F.
This report provides an accurate prediction of the contribution of all the segments to the growth of the e-bike market size and actionable market insights on post COVID-19 impact on each segment.
E-bike Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 7.22%
Market growth 2021-2025
15.81 mn units
YoY growth (%)
APAC, Europe, North America, South America, and MEA
Performing market contribution
APAC at 55%
Key consumer countries
China, Germany, The Netherlands, Japan, and US
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Accell Group NV, BH BIKES EUROPE SL, Derby Cycle Holding GmbH, Georg Fritzmeier GmbH and Co. KG, Giant Manufacturing Co. Ltd., Klever Mobility Europe GmbH, Riese and Müller GmbH, Yadea Group Holdings Ltd., Yamaha Motor Co. Ltd., and Zhejiang Luyuan Electric Vehicle Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
What are the Key Data Covered in this E-bike Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive e-bike market growth during the next five years
- Precise estimation of the e-bike market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the e-bike industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of e-bike market vendors
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1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value Chain Analysis: Leisure products market
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 (thousand units)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Force
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- The Netherlands
- Declining cost of Li - ion batteries
- Growing popularity of connected e - bike
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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