Electric Bicycles Market

Market Insights

Demand for electric bicycles will be positively influenced by rising concerns among people about environmental preservation.

From 2018 to 2026, the electric bicycle market is expected to grow at a compound annual growth rate (CAGR) of 6.5%, reaching US$ 25.64 billion. What distinguishes an electric bicycle from a traditional bicycle is the presence of an integrated electric motor. The functionality of the motor lies in its ability to assist the rider’s pedal power. These bicycles run on rechargeable batteries and can reach speeds of more than 25 km/h.In the last couple of decades, the popularity of e-bicycles has grown manifold, and there were around 210 million such bicycles used daily in 2016. China holds a major share of the overall market, and the trend is expected to continue in the years to come. One of the most important factors influencing the adoption of e-bikes is people’s growing concern for environmental preservation. The use of electric bicycles greatly reduces ecological footprints, air contamination, and carbon emissions. The fact that these bicycles are not very expensive further aids their adoption among people. Recent crises and the rise in the price of oil have promoted the use of ecological means of transportation, such as the electric bicycle.

Market Synopsis

Current Trends in the Electric Bicycle Market

With the e-bike market booming, people are becoming more and more demanding as far as features and looks are concerned. As per recent trends, e-bicycles are becoming lighter and better looking. Lighter-weight bicycles are made of light materials such as carbon or aluminum. Moreover, in order to give the frame an attractive appearance, the manufacturers are integrating the battery into the frame. In the coming years, additional batteries are expected to become a common trend in order to extend the range of the e-bike. A Germany-based company, Haibike, already has a model with the same concept.

In the coming years, a growing number of urban and suburban residents will seek greener modes of transportation, thereby complementing the e-bike market’s growth. This is how electric bicycles will be used as a pillar to support individual public transportation in large cities around the world. According to statistics, about half of the trips and procedures of a normal urban person don’t cross 15 km from his or her house, thereby helping the electric bicycle market to flourish further.

In the coming years, research and development efforts will be focused on battery advancements.

A rechargeable battery acts as the source of power for every electric bicycle. With technological improvements, these batteries tend to get smaller, lighter, and more powerful. Therefore, keeping the weight of a battery down while at the same time providing a substantial range remains the top focus for electric bicycle battery manufacturers. Lithium batteries and lead acid batteries are the two most common types of batteries used in electric bicycles. Lead-acid batteries, owing to their low cost, are finding application in entry-level electric bicycle models. However, in the coming years, lithium-ion batteries are expected to find increased application in electric bicycles. One of the most important factors supporting the aforementioned sentence can be attributed to the fact that lithium-ion batteries last longer and generate more power for their weight as compared to other batteries. However, the high price of lithium-ion batteries is an important factor offsetting its application in electric bicycles.

Asia Pacific is expected to remain the largest market throughout the forecast period.

Asia Pacific represents the largest market for electric bicycles worldwide and is expected to register the fastest growth throughout the forecast period. China and India are expected to remain at the forefront in terms of this growth. Moreover, the demand for electric bicycles in China is further supported by the low cost of these bicycles in the country. In recent years, China has exported a large number of electric bicycles to the United States and Europe.

Europe and North America are expected to remain important markets for electric bicycles in the coming years. The presence of a large number of bicycle manufacturers headquartered in the region has helped the market flourish. Moreover, in terms of technology, these regions have always remained at the forefront.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The report elucidates the detailed outline of the global electric bicycle market by categorizing the market in terms of components, control systems, age groups, sales channels, and geography.

Key players profiled in the report include Accell Group, NYCeWheels, Easy Motion USA, Derby Cycle, Jiangsu Xinri E-Vehicle Co., Ltd., Moustache Bikes, Karbon Kinetics Limited, myStromer AG, A2B Electric Bikes, and Pedego Electric Bikes, among others.

Key questions are answered in this report.

• What was the global electric bicycle market size in 2017, and what is the forecast for 2026?
• What are the current trends in the electric bicycle market?
• What are the various valuable opportunities for the players in the market?
• Which is the largest regional market for electric bicycles?
• Which region is expected to have the fastest growth and why?
• What are the future prospects for the electric bicycle market?
• What are the major drivers and restraints influencing the market’s growth?
• What are the new innovations by the leading players?
• What are the key strategies adopted by the leading players in the market?

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global EB Market
2.2 Global EB Market, By Component, 2017
2.3 Global EB Market, By Control System, 2017
2.4 Global EB Market, By Age Group, 2017
2.5 Global EB Market, By Sales Channel, 2017
2.6 Global EB Market, By Geography, 2017

Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global EB Market Value, 2016 – 2026
3.2 Market Drivers
3.3 Market Challenges
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends and Future Outlook
3.5 Attractive Investment Proposition, by Geography
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Electric Bicycles (EB) Market Analysis, by Component, 2016 – 2026
4.1 Overview
4.2 Controllers
4.3 Motors & Drivertrains
4.4 Batteries
4.4.1 Li-ion Batteries
4.4.2 SLA Batteries
4.4.3 Others (NiCad and NiMH)

Chapter 5 Global Electric Bicycles (EB) Market Analysis, by Control System, 2016 – 2026
5.1 Overview
5.2 Throttle Control
5.3 Pedal Assist

Chapter 6 Global Electric Bicycles (EB) Market Analysis, by Age Group, 2016 – 2026
6.1 Overview
6.2 Below 15 years
6.3 Above 15 years

Chapter 7 Global Electric Bicycles (EB) Market Analysis, by Sales Channel, 2016 – 2026
7.1 Overview
7.2 Online
7.3 Offline

Chapter 8 North America Electric Bicycles (EB) Market Analysis, 2016 – 2026
8.1 Overview
8.2 North America EB Market Analysis, By Component, 2016 – 2026
8.2.1 Market Analysis
8.3 North America EB Market Analysis, By Control System, 2016 – 2026
8.3.1 Market Analysis
8.4 North America EB Market Analysis, By Age Group, 2016 – 2026
8.4.1 Market Analysis
8.5 North America EB Market Analysis, By Sales Channel, 2016 – 2026
8.5.1 Market Analysis
8.6 North America EB Market Analysis, By Country, 2016 – 2026
8.6.1 U.S.
8.6.2 Canada

Chapter 9 Europe Electric Bicycles (EB) Market Analysis, 2016 – 2026
9.1 Overview
9.2 Europe EB Market Analysis, By Component, 2016 – 2026
9.2.1 Market Analysis
9.3 Europe EB Market Analysis, By Control System, 2016 – 2026
9.3.1 Market Analysis
9.4 Europe EB Market Analysis, By Age Group, 2016 – 2026
9.4.1 Market Analysis
9.5 Europe EB Market Analysis, By Sales Channel, 2016 – 2026
9.5.1 Market Analysis
9.6 Europe EB Market Analysis, By Region/Country, 2016 – 2026
9.6.1 U.K.
9.6.1 Germany
9.6.2 France
9.6.3 Rest of Europe

Chapter 10 Asia Pacific Electric Bicycles (EB) Market Analysis, 2016 – 2026
10.1 Overview
10.2 Asia Pacific EB Market Analysis, By Component, 2016 – 2026
10.2.1 Market Analysis
10.3 Asia Pacific EB Market Analysis, By Control System, 2016 – 2026
10.3.1 Market Analysis
10.4 Asia Pacific EB Market Analysis, By Age Group, 2016 – 2026
10.4.1 Market Analysis
10.5 Asia Pacific EB Market Analysis, By Sales Channel, 2016 – 2026
10.5.1 Market Analysis
10.6 Asia Pacific EB Market Analysis, By Region/Country, 2016 – 2026
10.6.1 China
10.6.2 Japan
10.6.3 India
10.6.4 Rest of Asia Pacific

Chapter 11 Rest of the World (RoW) Electric Bicycles (EB) Market Analysis, 2016 – 2026
11.1 Overview
11.2 RoW EB Market Analysis, By Component, 2016 – 2026
11.2.1 Market Analysis
11.3 RoW EB Market Analysis, By Control System, 2016 – 2026
11.3.1 Market Analysis
11.4 RoW EB Market Analysis, By Age Group, 2016 – 2026
11.4.1 Market Analysis
11.5 RoW EB Market Analysis, By Sales Channel, 2016 – 2026
11.5.1 Market Analysis
11.6 RoW EB Market Analysis, By Country, 2016 – 2026
11.6.1 Middle East & Africa (MEA)
11.6.2 Latin America

Chapter 12 Company Profiles
12.1 Accell Group
12.2 NYCeWheels
12.3 Easy Motion USA
12.4 Derby Cycle
12.5 Jiangsu Xinri E-Vehicle Co.
12.6 Moustache Bikes
12.7 Karbon Kinetics Limited
12.8 myStromer AG
12.9 A2B Electric Bikes
12.10 Pedego Electric Bikes

List of Figures

FIG. 1 Global Electric Bicycles (EB) Market Segmentation
FIG. 2 Global EB Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global EB Market, By Component, 2017 (US$ Bn)
FIG. 5 Global EB Market, By Control System, 2017 (US$ Bn)
FIG. 6 Global EB Market, By Age Group, 2017 (US$ Bn)
FIG. 7 Global EB Market, By Sales Channel, 2017 (US$ Bn)
FIG. 8 Global EB Market, By Geography, 2017 (US$ Bn)
FIG. 9 Global EB Market Value, 2016 – 2026, (US$ Bn)
FIG. 10 Attractive Investment Proposition, by Geography
FIG. 11 Market Positioning of Key Electric Bicycles Manufacturers, 2017
FIG. 12 Global EB Market Value Contribution, By Component, 2017 & 2026 (%)
FIG. 13 Global EB Market Value from Controllers, 2016 – 2026, (US$ Bn)
FIG. 14 Global EB Market Value from Motors & Drivertrains, 2016 – 2026, (US$ Bn)
FIG. 15 Global EB Market Value from Batteries, 2016 – 2026, (US$ Bn)
FIG. 16 Global Lio-ion Batteries Market Value, 2016 – 2026, (US$ Bn)
FIG. 17 Global SLA Batteries Market Value, 2016 – 2026, (US$ Bn)
FIG. 18 Global Other Batteries Market Value, 2016 – 2026, (US$ Bn)
FIG. 19 Global EB Market Value Contribution, By Control System, 2017 & 2026 (%)
FIG. 20 Global EB Market Value from Throttle Control, 2016 – 2026, (US$ Bn)
FIG. 21 Global EB Market Value from Pedal Assist, 2016 – 2026, (US$ Bn)
FIG. 22 Global EB Market Value Contribution, By Age Group, 2017 & 2026 (%)
FIG. 23 Global EB Market Value from Below 15 years, 2016 – 2026, (US$ Bn)
FIG. 24 Global EB Market Value from Above 15 years, 2016 – 2026, (US$ Bn)
FIG. 25 Global EB Market Value Contribution, By Sales Channel, 2017 & 2026 (%)
FIG. 26 Global EB Market Value from Online, 2016 – 2026, (US$ Bn)
FIG. 27 Global EB Market Value from Offline, 2016 – 2026, (US$ Bn)
FIG. 28 North America EB Market Value, 2016 – 2026, (US$ Bn)
FIG. 29 Europe EB Market Value, 2016 – 2026, (US$ Bn)
FIG. 30 Asia Pacific EB Market Value, 2016 – 2026, (US$ Bn)
FIG. 31 RoW EB Market Value, 2016 – 2026, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Electric Bicycles (EB) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America EB Market Value, By Component, 2016 – 2026 (US$ Bn)
TABLE 5 North America EB Market Value, By Control System, 2016 – 2026 (US$ Bn)
TABLE 6 North America EB Market Value, By Age Group, 2016 – 2026 (US$ Bn)
TABLE 7 North America EB Market Value, By Sales Channel, 2016 – 2026 (US$ Bn)
TABLE 8 North America EB Market Value, By Country, 2016 – 2026 (US$ Bn)
TABLE 9 Europe EB Market Value, By Component, 2016 – 2026 (US$ Bn)
TABLE 10 Europe EB Market Value, By Control System, 2016 – 2026 (US$ Bn)
TABLE 11 Europe EB Market Value, By Age Group, 2016 – 2026 (US$ Bn)
TABLE 12 Europe EB Market Value, By Sales Channel, 2016 – 2026 (US$ Bn)
TABLE 13 Europe EB Market Value, By Region/Country, 2016 – 2026 (US$ Bn)
TABLE 14 Asia Pacific EB Market Value, By Component, 2016 – 2026 (US$ Bn)
TABLE 15 Asia Pacific EB Market Value, By Control System, 2016 – 2026 (US$ Bn)
TABLE 16 Asia Pacific EB Market Value, By Age Group, 2016 – 2026 (US$ Bn)
TABLE 17 Asia Pacific EB Market Value, By Sales Channel, 2016 – 2026 (US$ Bn)
TABLE 18 Asia Pacific EB Market Value, By Region/Country, 2016 – 2026 (US$ Bn)
TABLE 19 RoW EB Market Value, By Component, 2016 – 2026 (US$ Bn)
TABLE 20 RoW EB Market Value, By Control System, 2016 – 2026 (US$ Bn)
TABLE 21 RoW EB Market Value, By Age Group, 2016 – 2026 (US$ Bn)
TABLE 22 RoW EB Market Value, By Sales Channel, 2016 – 2026 (US$ Bn)
TABLE 23 RoW EB Market Value, By Region, 2016 – 2026 (US$ Bn)
TABLE 24 Accell Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 25 NYCeWheels: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 26 Easy Motion USA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 27 Derby Cycle: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 28 Jiangsu Xinri E-Vehicle Co.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 29 Moustache Bikes: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 30 Karbon Kinetics Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 31 myStromer AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 32 A2B Electric Bikes : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 33 Pedego Electric Bikes: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)