Electric Bike Market

Analysis by Product (Pedelecs, Speed Pedelecs, Scooter & Motorcycle, and Throttle on Demand); by Battery Type (Lithium-Ion, Lithium-Ion Polymer, Nickel Metal Hydride, Lead Acid, Sealed Lead Acid, and Others); by Hub Motor Location (Rear Hub Motor, Mid Drive Hub Motor, and Front Hub Motor); by Battery Power (Under 750W, and Over 750W); and by Usage (Urban, Cruise, Trekking Bikes, Racing, Cargo, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Report ID: 4436 | Published On: Feb 13, 2023
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Market Segmentation

Our in-depth analysis of the global electric bike market includes the following segments:

By Product

  • Pedelecs
  • Speed Pedelecs
  • Scooter & Motorcycle
  • Throttle on Demand

By Battery Type

  • Lithium-Ion
  • Lithium-Ion Polymer
  • Nickel Metal Hydride
  • Lead Acid
  • Sealed Lead Acid
  • Others

By Hub Motor Location

  • Rear Hub Motor
  • Mid Drive Hub Motor
  • Front Hub Motor


        By Battery Power

  • Under 750W
  • Over 750W

By Usage

  • Urban
  • Cruise
  • Trekking Bikes
  • Racing
  • Cargo
  • Others

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Global Electric Bike Market: Growth Drivers and Challenges

Growth Drivers

  • Worldwide Increasing Air Pollution - Air pollution is the release of contaminants into the atmosphere that are harmful to human health and the environment on a global scale. The health issue caused by air pollution has mostly gone unnoticed for many years. According to the World Bank statistics, pollution is responsible for over 11 million premature deaths worldwide. But now from government to individuals are more concerned regarding the planet’s air quality. Thus, various kind of initiatives and electric vehicles adoption have started to regulate the air pollution level.

  • Expansion in Motor Fuel Prices – As per the data provided by the Bureau of Transportation Statistics, in the United States, regular motor gasoline prices increased by 49% from January to June 2022, while diesel fuel prices increased by a slightly higher rate of 55%.

  • Upsurge in Traffic Congestion - In 2021, worldwide congestion level was reached around 11%.

  • Enhanced Energy Efficiency Compared with Other Vehicles - In a study, electric bikes were discovered to be more energy efficient. The energy use was around 7.3 ± 3.0 kW h 100 km-1 for electric bikes vs. 57 ± 15 kW h 100 km-1 for motorcycles and 36 ± 9 kW h 100 km-1 for buses.

  • Increasing Urbanization - As per the World Bank, currently, more than 50% of the world's population resides in cities. The number of people living in urban areas is estimated to upsurge more than double to 6 billion by 2045.


  • High Cost of Electric Bikes
  • Lack of Good Road Network
  • Lack of Infrastructure in Emerging Nations

The global electric bike market is segmented and analyzed for demand and supply by battery type into lithium-ion, lithium-ion polymer, nickel metal hydride, lead acid, sealed lead acid, and others. Out of these, the lithium-ion segment is expected to significantly grow over the forecast period owing to the superior quality of lithium-ion battery chemistry, efficient and fast charging, good battery life, zero maintenance requirements, and ease of portability. For instance, compared to the average lead acid battery's 86% efficiency, lithium batteries charge with a nearly 100% efficiency.

Global Electric Bike Market Regional Synopsis

Regionally, the global electric bike market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033 backed by the rising introduction of advanced technologies, significantly growing stances of traffic congestion, upsurge in carbon emission regulations, and growing urbanization in the region. For instance, in 2021, Mumbai's congestion level was accounted nearly 54%, which represents that it took 54% longer time to get from one point to another than in a free flow scenario. In comparison, the congestion level in Wellington and Singapore was reached nearly 28% in 2021.


The global electric bike market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

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Top Featured Companies Dominating the Global Electric Bike Market

    • Accell Group
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • FOCUS & Kalkhoff Holding GmbH
    • Giant Manufacturing Co., Ltd.
    • Energica Motor Company S.p.A.
    • DOUZE Factory SAS
    • Robert Bosch LLC
    • Johammer e-mobility GmbH
    • Karbon Kinetics Ltd.
    • Kawasaki Motors Corp., U.S.A. 


In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the electric bike market?

Ans: Worldwide increasing air pollution, expansion in motor fuel prices, upsurge in traffic congestion, and increasing urbanization are some major factors driving the growth of the market.

2) What would be the CAGR of electric bike market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~12% over the forecast period, i.e., 2023 – 2033.

3) What are the challenges affecting the electric bike market growth?

Ans: High cost of electric bikes, lack of good road network, and lack of infrastructure in emerging nations are estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of electric bike market in future?

Ans: The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

5) Who are the major players dominating the electric bike market?

Ans: The major players in the market are Accell Group, FOCUS & Kalkhoff Holding GmbH, Giant Manufacturing Co., Ltd., Energica Motor Company S.p.A., DOUZE Factory SAS, PEDEGO INC, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the electric bike market?

Ans: The market is segmented by product, battery type, hub motor location, battery power, usage, and by region.

8) Which segment captures the largest market size in battery type segment in the electric bike market?

Ans: The lithium-ion segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

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