Global E-Bike Market (2021 to 2026) - Development of Lightweight Electrical Energy Storage Systems Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global E-Bike Market by Class (Class-I, II & III), Battery Type (Li-Ion, Li-Ion Polymer, Lead Acid), Motor Type (Mid, Hub), Mode (Throttle, Pedal Assist), Usage (Mountain/Trekking, City/Urban, Cargo), Speed, Component and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

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%.

The Asia Pacific region 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.

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.

Market Dynamics

Drivers

• Positive impact of COVID-19 on E-bike sales globally
• Government support & initiatives to increase the sale of E-bikes
• Growing popularity of E-Mtb

Restraints

• International trade policies and regulations
• Government regulations and lack of infrastructure

Opportunities

• Trend towards connected E-bikes
• Development of lightweight electrical energy storage systems

Challenges

• Technology challenges
• High cost of E-bikes

Companies Mentioned

• Accell Group N.V.
• Aima Technology Group Co. Ltd.
• Ananda Drive Techniques (Shanghai) Co., Ltd.
• BH Bikes
• BMZ GmbH
• Bafang
• Bosch
• Brompton Bicycle Ltd.
• Brose Fahrzeugteile
• Cowboy
• Electric Bike Company
• Fuji-Ta Bicycle Co., Ltd.
• Giant Manufacturing Co. Ltd.
• Hero Lectro E-Cycles
• Johnson Matthey Battery Systems
• Merida Industry Co. Ltd
• Panasonic Corporation
• Pedego Electric Bikes
• Pon.Bike
• Promovec A/S
• Rad Power Bikes Llc
• Riese & MULler GmbH
• Samsung SDI Co. Ltd.
• Shimano
• Specialized Bicycle Components, Inc.
• Stormer
• Trek Bicycle Corporation
• Vanmoof
• Wuxi Truckrun Motor Co.
• Yadea Group Holdings Ltd.
• Yamaha Motor Company

For more information about this report visit https://www.researchandmarkets.com/r/dsa2jr