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Electric Bike Market:Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027

Electric Bike Market:Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027

Future market insights on the global electric bike market

There is a lot of focus on research and development activities in the global electric bike market in order to bring improvisation in the product with a view to enhance the electric bike business and ultimately increase the market share. Electric bike manufacturers are involved in the reduction of the overall weight of the electric bikes with a view to enhance the performance, with the help of new techniques and by using alternative raw materials. The pedelec product segment is estimated to be the largest segment by product type and is expected to dominate the global market throughout the period of forecast. The rising health awareness among people is the main reason supporting the growth of the pedelecs segment. Asia Pacific excluding Japan (APEJ) region is expected to hold more than 4/5th of the global market throughout the period of forecast. The differentiating strategy that the manufacturers could apply is expansion of the product portfolio by enhancing the current product line; and expanding the product range with improved specifications with the help of NPD (new product developments).

The global electric bike market is expected to grow at a steady growth rate and is poised to register a CAGR of 3.1% during the period of forecast of 2017 to 2027. The global market will reflect a value of more than US$ 27 Bn by the end of 2027. Several opportunities, trends, restraining factors, etc., decide the fate of the market, its growth path and hence the future prospects within the market that could be exploited by the players present in the global electric bike market.

Electric bicycles to move faster than motorcycles

Pedelec (or electric bicycles) segment by product type is anticipated to grow at a higher growth rate as compared to other segments in the product category. The pedelec segment is expected to reach a value of more than US$ 14 Bn by the end of 2027 representing a CAGR of 3.2% during the period of forecast. The popularity of the pedelec category is rising owing to the health benefits pedelecs offer, such as lowering the risk of metabolic syndrome, obesity, as well as hypertension. With this growth rate, it can be inferred that the number of units of pedelecs manufactured in 2017 and 2027 are likely to be more than other segments, hence establishing dominance in the global electric bike market with respect to value as well as volume.

Following the pedelec segment, the electric scooter segment is expected to show moderate growth – a shade less than the pedelec segment – and is more inclined towards high growth and moderate value in 2017. However, considering its growth rate, this trend is expected to change and it would shift towards high growth and high value throughout the period of forecast of the global electric bike market.Several drivers are expected to influence the growth of the global electric bike market in the coming decade.

Increasing government subsidies and incentives on the purchase of electric bikes, thereby attracting more customers

Silent operation, less sound emission, very less fuel requirement and hence less air pollution

Considered as an alternative to fuel operated vehicles, and considered as a clean technology in the automotive sector. This has spurred the consumption of electric bikes

Rising fuel prices due to never ending demand for fuel has triggered an increase in the adoption of electric bikes as a convenient and better alternative

Increasing purchasing power of consumers owing to rising disposable income

Reduction in the overall percentage of air pollutants as compared to conventional vehicles

Increased health consciousness among people that has spurred the use of pedelecs that serve transportation needs as well as offer health benefits

Better conservation of fuel along with better efficiency pushing the demand for electric bikes, thereby influencing the growth of the global electric bike market

APEJ remains the most lucrative regional market with a high market attractiveness for the electric scooter, electric motorcycle and mostly for the electric bicycles or pedelecs segments as compared to other regions. As far as product types are concerned, the APEJ region is favourable for the growth of the pedelecs segment, which is expected to grow at a higher CAGR of 3.3% as compared to the pedelecs segment in North America that is poised to register a CAGR of 2.7% during the period of forecast.


1. Executive Summary
1.1. Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Viewpoint
3.1. Macro-Economic Factors
3.1.1. Global Industry Value Added
3.1.2. Global GDP Growth Outlook
3.2. Opportunity Analysis
4. Global Electric Bike Market Analysis 2012–2016 and Forecast 2017–2027
4.1. Introduction
4.1.1. Market Volume Projections
4.1.2. Market Size and Y-o-Y Growth
4.1.3. Absolute $ Opportunity
4.2. Value Chain
5. Forecast Factors: Relevance and Impact
6. Global Electric Bike Market Analysis 2012–2016 and Forecast 2017–2027 by Product Type
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) and Volume Analysis by Product Type, 2012 - 2016
6.3. Current Market Size (US$ Mn) and Volume Forecast By Product Type, 2017 - 2027
6.3.1. Electric Scooter
6.3.2. Electric Motorcycle
6.3.3. Pedelec
6.4. Market Attractiveness Analysis by Product Type
7. Global Electric Bike Market Analysis 2012–2016 and Forecast 2017–2027 by Battery Type
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) and Volume Analysis by Battery Type, 2012 - 2016
7.3. Current Market Size (US$ Mn) and Volume Forecast By Battery Type, 2017 - 2027
7.3.1. Li-ion
7.3.2. NiMH
7.3.3. Lead Based
7.4. Market Attractiveness Analysis by Battery Type
8. Global Electric Bike Market Analysis 2012–2016 and Forecast 2017–2027 by Technology
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) and Volume Analysis by Technology, 2012 - 2016
8.3. Current Market Size (US$ Mn) and Volume Forecast By Technology, 2017 - 2027
8.3.1. Plug-in
8.3.2. Battery
8.4. Market Attractiveness Analysis by Technology
9. Global Electric Bike Market Analysis 2012–2016 and Forecast 2017–2027 by Region
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis by Region, 2012 - 2016
9.3. Current Market Size (US$ Mn) and Volume Forecast By Region, 2017 - 2027
9.3.1. North America
9.3.2. Latin America
9.3.3. Western Europe
9.3.4. Eastern Europe
9.3.5. APEJ
9.3.6. Japan
9.3.7. MEA
9.4. Market Attractiveness Analysis by Region
10. North America Electric Bike Market Analysis 2012–2016 and Forecast 2017–2027
10.1. Introduction
10.2. Pricing Analysis
10.3. Regional Market Dynamics
10.3.1. Drivers
10.3.2. Restraints
10.3.3. Trends
10.4. Historical Market Size (US$ Mn) and Volume Analysis by Market Taxonomy, 2012 - 2016
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Battery Type
10.4.4. By Technology
10.5. Current Market Size (US$ Mn) and Volume Forecast By Country, 2017 - 2027
10.5.1. U.S.
10.5.2. Canada
10.6. Current Market Size (US$ Mn) and Volume Forecast By Product Type, 2017 - 2027
10.6.1. Electric Scooter
10.6.2. Electric Motorcycles
10.6.3. Pedelec
10.7. Current Market Size (US$ Mn) and Volume Forecast By Battery Type, 2017 - 2027
10.7.1. Li-ion
10.7.2. NiMH
10.7.3. Lead Based
10.8. Current Market Size (US$ Mn) and Volume Forecast By Technology, 2017 - 2027
10.8.1. Plug-in
10.8.2. Battery
10.9. Drivers and Restraints: Impact Analysis
10.10. Market Attractiveness Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Battery Type
10.10.4. By Technology
10.11. Key Representative Market Participants
10.12. Market Presence (Intensity Map)
11. Latin America Electric Bike Market Analysis 2012–2016 and Forecast 2017–2027
11.1. Introduction
11.2. Pricing Analysis
11.3. Regional Market Dynamics
11.3.1. Drivers
11.3.2. Restraints
11.3.3. Trends
11.4. Historical Market Size (US$ Mn) and Volume Analysis by Market Taxonomy, 2012 - 2016
11.4.1. By Country
11.4.2. By Product Type
11.4.3. By Battery Type
11.4.4. By Technology
11.5. Current Market Size (US$ Mn) and Volume Forecast By Country 2017 - 2027
11.5.1. Brazil
11.5.2. Mexico
11.5.3. Rest of Latin America
11.6. Current Market Size (US$ Mn) and Volume Forecast By Product Type, 2017 - 2027
11.6.1. Electric Scooter
11.6.2. Electric Motorcycles
11.6.3. Pedelec
11.7. Current Market Size (US$ Mn) and Volume Forecast By Battery Type, 2017 - 2027
11.7.1. Li-ion
11.7.2. NiMH
11.7.3. Lead Based
11.8. Current Market Size (US$ Mn) and Volume Forecast By Technology, 2017 - 2027
11.8.1. Plug-in
11.8.2. Battery
11.9. Drivers and Restraints: Impact Analysis
11.10. Market Attractiveness Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Battery Type
11.10.4. By Technology
11.11. Key Representative Market Participants
11.12. Market Presence (Intensity Map)
12. Western Europe Electric Bike Market Analysis 2012–2016 and Forecast 2017–2027
12.1. Introduction
12.2. Pricing Analysis
12.3. Regional Market Dynamics
12.3.1. Drivers
12.3.2. Restraints
12.3.3. Trends
12.4. Historical Market Size (US$ Mn) and Volume Analysis by Market Taxonomy, 2012 - 2016
12.4.1. By Country
12.4.2. By Product Type
12.4.3. By Battery Type
12.4.4. By Technology
12.5. Current Market Size (US$ Mn) and Volume Forecast By Country 2017 - 2027
12.5.1. Germany
12.5.2. Italy
12.5.3. France
12.5.4. U.K.
12.5.5. Spain
12.5.6. BENELUX
12.5.7. Rest of Western Europe
12.6. Current Market Size (US$ Mn) and Volume Forecast By Product Type, 2017 - 2027
12.6.1. Electric Scooter
12.6.2. Electric Motorcycles
12.6.3. Pedelec
12.7. Current Market Size (US$ Mn) and Volume Forecast By Battery Type, 2017 - 2027
12.7.1. Li-ion
12.7.2. NiMH
12.7.3. Lead Based
12.8. Current Market Size (US$ Mn) and Volume Forecast By Technology, 2017 - 2027
12.8.1. Plug-in
12.8.2. Battery
12.9. Drivers and Restraints: Impact Analysis
12.10. Market Attractiveness Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Battery Type
12.10.4. By Technology
12.11. Key Representative Market Participants
12.12. Market Presence (Intensity Map)
13. Eastern Europe Electric Bike Market Analysis 2012–2016 and Forecast 2017–2027
13.1. Introduction
13.2. Pricing Analysis
13.3. Regional Market Dynamics
13.3.1. Drivers
13.3.2. Restraints
13.3.3. Trends
13.4. Historical Market Size (US$ Mn) and Volume Analysis by Market Taxonomy, 2012 - 2016
13.4.1. By Country
13.4.2. By Product Type
13.4.3. By Battery Type
13.4.4. By Technology
13.5. Current Market Size (US$ Mn) and Volume Forecast By Country 2017 - 2027
13.5.1. Russia
13.5.2. Poland
13.5.3. Rest of Eastern Europe
13.6. Current Market Size (US$ Mn) and Volume Forecast By Product Type, 2017 - 2027
13.6.1. Electric Scooter
13.6.2. Electric Motorcycles
13.6.3. Pedelec
13.7. Current Market Size (US$ Mn) and Volume Forecast By Battery Type, 2017 - 2027
13.7.1. Li-ion
13.7.2. NiMH
13.7.3. Lead Based
13.8. Current Market Size (US$ Mn) and Volume Forecast By Technology, 2017 - 2027
13.8.1. Plug-in
13.8.2. Battery
13.9. Drivers and Restraints: Impact Analysis
13.10. Market Attractiveness Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Battery Type
13.10.4. By Technology
13.11. Key Representative Market Participants
13.12. Market Presence (Intensity Map)
14. APEJ Electric Bike Market Analysis 2012–2016 and Forecast 2017–2027
14.1. Introduction
14.2. Pricing Analysis
14.3. Regional Market Dynamics
14.3.1. Drivers
14.3.2. Restraints
14.3.3. Trends
14.4. Historical Market Size (US$ Mn) and Volume Analysis by Market Taxonomy, 2012 - 2016
14.4.1. By Country
14.4.2. By Product Type
14.4.3. By Battery Type
14.4.4. By Technology
14.5. Current Market Size (US$ Mn) and Volume Forecast By Country 2017 - 2027
14.5.1. China
14.5.2. India
14.5.3. ASEAN
14.5.4. Australia and New Zealand
14.5.5. Rest of APEJ
14.6. Current Market Size (US$ Mn) and Volume Forecast By Product Type, 2017 - 2027
14.6.1. Electric Scooter
14.6.2. Electric Motorcycles
14.6.3. Pedelec
14.7. Current Market Size (US$ Mn) and Volume Forecast By Battery Type, 2017 - 2027
14.7.1. Li-ion
14.7.2. NiMH
14.7.3. Lead Based
14.8. Current Market Size (US$ Mn) and Volume Forecast By Technology, 2017 - 2027
14.8.1. Plug-in
14.8.2. Battery
14.9. Drivers and Restraints: Impact Analysis
14.10. Market Attractiveness Analysis
14.10.1. By Country
14.10.2. By Product Type
14.10.3. By Battery Type
14.10.4. By Technology
14.11. Key Representative Market Participants
14.12. Market Presence (Intensity Map)
15. Japan Electric Bike Market Analysis 2012–2016 and Forecast 2017–2027
15.1. Introduction
15.2. Key Regulations
15.3. Pricing Analysis
15.4. Regional Market Dynamics
15.4.1. Drivers
15.4.2. Restraints
15.4.3. Trends
15.5. Historical Market Size (US$ Mn) and Volume Analysis by Market Taxonomy, 2012 - 2016
15.5.1. By Product Type
15.5.2. By Battery Type
15.5.3. By Technology
15.6. Current Market Size (US$ Mn) and Volume Forecast by Product Type, 2017 - 2027
15.6.1. Electric Scooter
15.6.2. Electric Motorcycles
15.6.3. Pedelec
15.7. Current Market Size (US$ Mn) and Volume Forecast By Battery Type, 2017 - 2027
15.7.1. Li-ion
15.7.2. NiMH
15.7.3. Lead Based
15.8. Current Market Size (US$ Mn) and Volume Forecast By Technology, 2017 - 2027
15.8.1. Plug-in
15.8.2. Battery
15.9. Drivers and Restraints: Impact Analysis
15.10. Market Attractiveness Analysis
15.10.1. By Product Type
15.10.2. By Battery Type
15.10.3. By Technology
15.11. Key Representative Market Participants
15.12. Market Presence (Intensity Map)
16. Middle East & Africa Electric Bike Market Analysis 2012–2016 and Forecast 2017–2027
16.1. Introduction
16.2. Pricing Analysis
16.3. Regional Market Dynamics
16.3.1. Drivers
16.3.2. Restraints
16.3.3. Trends
16.4. Historical Market Size (US$ Mn) and Volume Analysis by Market Taxonomy, 2012 - 2016
16.4.1. By Country
16.4.2. By Product Type
16.4.3. By Battery Type
16.4.4. By Technology
16.5. Current Market Size (US$ Mn) and Volume Forecast by Country 2017 - 2027
16.5.1. GCC Countries
16.5.2. Turkey
16.5.3. South Africa
16.5.4. Rest of MEA
16.6. Current Market Size (US$ Mn) and Volume Forecast by Product Type, 2017 - 2027
16.6.1. Electric Scooter
16.6.2. Electric Motorcycles
16.6.3. Pedelec
16.7. Current Market Size (US$ Mn) and Volume Forecast by Battery Type, 2017 - 2027
16.7.1. Li-ion
16.7.2. NiMH
16.7.3. Lead Based
16.8. Current Market Size (US$ Mn) and Volume Forecast by Technology, 2017 - 2027
16.8.1. Plug-in
16.8.2. Battery
16.9. Drivers and Restraints: Impact Analysis
16.10. Market Attractiveness Analysis
16.10.1. By Country
16.10.2. By Product Type
16.10.3. By Battery Type
16.10.4. By Technology
16.11. Key Representative Market Participants
16.12. Market Presence (Intensity Map)
17. Competition Landscape
17.1. Market Structure
17.2. Competition Dashboard
17.3. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)
17.3.1. ECCITY Motorcycles
17.3.2. Hero Electric Vehicles Private Limited
17.3.3. Gogoro Inc.
17.3.4. GOVECS GmbH
17.3.5. Vmoto Limited
17.3.6. Honda Motor Co. Ltd.
17.3.7. Piaggio & C. SpA
17.3.8. Terra Motors Corp.
17.3.9. Bayerische Motoren Werke AG
17.3.10. Jiangsu Xinri E-Vehicle Co. Ltd.
17.3.11. Giant Manufacturing Co Ltd.
17.3.12. Emotion Bikes USA
17.3.13. Pedego Electric Bikes
17.3.14. Volt
17.3.15. Energica Motor Company S.p.A.
17.3.16. Amego Electric Vehicles Inc.
17.3.17. Zero Motorcycles, Inc.
17.3.18. Mahindra Genze
17.3.19. Derby Cycle
17.3.20. Accell Group

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