E-Bike Market by Class, Battery Type, Motor Type, Mode, Usage, Speed, Component and Region

“Positive impact of Covid-19 on e-bike sales, government support and initiatives are expected to drive the e-bike market during the forecast period.”

The e-bike market is projected to reach USD 79.7 billion by 2026 from USD 47.0 billion in 2021, at a CAGR of 11.1%. Asia Pacific is expected to be the largest market for e-bikes during the forecast period. In this region, India, Japan, South Korea, and Taiwan are potential markets owing to the increasing e-bike sales in these countries. The mountain e-bike is expected to account for a significant share of the e-bike market during the forecast period due to its robustness and high-performance design. Class I e-bike is expected to be the largest market during the forecast period as countries such as China, Japan, South Korea, and Taiwan allow only class-I e-bikes as they are without throttle assist and have a maximum speed of 25 Km/h.

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“Globally, the mountain/trekking e-bike segment is expected to be the fastest-growing segment during the forecast period.”

The demand for mountain/trekking e-bikes is growing rapidly as consumers increasingly show interest in trekking and recreational activities. There is a growing interest in performance-based adventurous sports, which, in turn, increase the demand for mountain/trekking e-bikes. Sports and physical activities are becoming more adaptable through electric motors. In many countries, mountain e-bikes are not only used for mountain trekking but also for daily commutation. The main reason for the growing popularity of mountain e-bikes is their robustness.

Asia Pacific is projected to be the largest regional market

Asia Pacific was the largest e-bike market in 2020, and China was the largest market in the region, with a share of ~97% share, by volume, of the Asia Pacific e-bike market. The e-bike market in Asia Pacific region has evolved over the years. Japan was the first country to introduce e-bike. The region is home to major e-bike manufacturers and component suppliers, such as Giant Manufacturing, Merida, AIMA, Yadea Group, Panasonic, Shimano, and Yamaha Motor Company. City/Urban bikes are mostly used by working professionals and teenagers for daily commutation in the region.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.

By Company Type: OEMs –70% and Tier 1 – 30%
By Designation: C Level - 60%, D Level- 30%, and Others – 10%
By Region: Asia Pacific - 50%,Europe – 20%, North America – 30%

Accell Group N.V. (Netherlands), Pon.Bike (US), Merida Industry Co., Ltd. (Taiwan), Giant Manufacturing Co., Ltd. (Taiwan), and Yamaha Motor Corporation (Japan) are the leading manufacturers of e-bike in the global market.

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Research Coverage:

The e-bike market is segmented based on class (Class-I, Class-II and Class-III), speed (Up to 25 Km/h, 25-45 Km/h), battery type (Li-Ion, Li-Ion Polymer, Lead Acid and Others), mode (Throttle assist and Pedal assist), Usage (Mountain/Trekking, City/Urban, Cargo and Others), component (Batteries, Electric Motor, Wheels, Frame with fork, Crank gears, Brake systems and Others), motor type (Hub motor and Mid motor), ownership (Shared and Personal) and region (Asia Pacific, Europe and North America).

The study also includes an in-depth competitive analysis of the major e-bike manufacturers in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall e-bike market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides them information on key market drivers, restraints, challenges, and opportunities.

Laws take a while to catch up to new technologies. There was a brief period when electric bikes sat in legal limbo, a argentine area of query about whether they should be classified as bikes or a type of motor vehicle. Were they legal in bike lanes? What about in premises? Nothing had a definitive answer, and when lawgivers tried to write one, states contradicted each other.

As of 2020, the ebike assiduity and further than half of US countries have coalesced around a common (though broad) system of three classes Class 1, Class 2, and Class 3. Yet indeed moment, interpretations of these classes differ slightly across retailers and manufacturers'websites. Your stylish approach? Check your original laws for ebike compliance if you are concerned. You are doubtful to get pulled over for going 22 country miles per hour in a bike lane or for using an ebike in the wrong lane ( especially if it looks like a regular bike). But it's better to be sure than to have no defense if you do get pulled over.
Below, we break down what each class of electric bike means, the different types of electric vehicles, and more, so you know what you are getting into.

Class 1 ebikes are limited to a top speed of 20 country miles per hour, and the electric motor works only when the rider is pedaling. A bike that has an electric motor that assists only during pedaling is called a pedelec.
Some, like the VanMoof S3/ X3, have a throttle on the bars that offers an redundant power boost, but on Class 1 ebikes the throttle works only if you are also pedaling. You do not have to be pedaling veritably hard, however. You can throw it into a low gear and just free- spin the pedals forward sluggishly and that is enough to let the throttle work.

Class 2 ebikes are also limited to a top speed of 20 country miles per hour, but they've throttles that work when you are not pedaling. That does not mean the motor will not help you if you decide to pedal. Utmost Class 2 ebikes offer electrically supported pedaling alongside throttles. As with Class 1 ebikes, you can generally ride them the same places as an analog bike.
Then is where it gets confusing. Class 3 ebikes can go up to 28 country miles per hour and must have a speedometer, but may or may not have a throttle.

It depends on the state writing the rules. California, for illustration, does not allow Class 3 ebikes to have throttles at all. In other countries, throttles are allowed as long as they only work up to 20 country miles per hour, while pedal- supported electric power continues up to 28 country miles per hour. Utmost countries let you take a Class 3 ebike into road lanes or a bike-only lane in the shoulder of the road ( so- called check-to- check). But you can not take them on bike paths that live outside of the road or on multiuse trails participated with climbers, like in a demesne.

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