E-bikes come with added advantages such as being fast and flexible, minimizing expenses, improving fitness, being nature friendly and providing easy means of transportation. In current scenario, e-bikes are considered as a prime solution for mobility as it preserves the natural resources as well as keeps the environment safe. An e-bike comprises various parts such as a motors, batteries, controllers, throttles, pedal sensors (PAS) as well as torque sensors, e-brakes, torque arms, display and hall sensors. Pedal-assisted and throttle are two types of propulsion used in the e-bikes. Whereas, pedal-assisted provides different level of assistance to the riders and throttle are similar to how a motorcycle or scooter operates. In addition, hub drive and mid drive are two motors that are widely used in the e-bikes. Mid drive motors are used for heavy-duty applications and hub drive motors are used for short distance applications. City bikes, mountain bikes, trekking bikes, cargo bikes and kids’ bikes are different types of e-bikes that are commonly used by the riders.
Numerous leading organizations have been focusing on innovative ways to make transportation easy as well as hassle free. Key players in the e-bikes market are A2B Bicycles (Hero Eco Group), Benno Bikes LLC, Beistegui Hermanos S.A., Gocycle (Karbon Kinetics Ltd.), eROCKIT Systems GmbH, Accell Group N.V., EVELO, Inc., Giant Manufacturing Co., Ltd., Merida Industry Co., Ltd. and Yamaha Motor Corporation.
Global E-bikes Market, By Propulsion
Based on propulsion, the e-bikes market is segmented into the following:
In 2019, the pedal-assisted segment led the overall e-bikes market in terms of market value accounting for over 60% of the global market. The pedal-assisted e-bikes are broadly desired by the customers because of increasing awareness towards health. Pedal-assisted e-bikes help to provide power from the motor to the pedals, so as to assist the user in easy pedaling and moving faster. Pedal assist in e-bikes provides various levels of assist and according to which the motor provides certain level of power output on the pedals, which gives boost to the user while riding.
Global E-bikes Market, By Motor Type
Based on motor type, the e-bikes market is segmented into the following:
- Hub Drive Motors
- Mid Drive Motors
In 2019, mid drive motors segment led the overall e-bikes in terms of market value. The mid drive motor is directly placed at the bike’s bottommost bracket in between the pedals, which allows a low center of gravity and also provides load balancing for the bikes. Mid drive motors help the rider to pull the chain on the bike and offers great weight distribution. Mountain bikers widely prefer mid drive motors as it works synergistically with the bike’s gears, and translates into longer riding range per charge. Thereby, mid drive motors are significantly known as the power-providers for e-bikes used for heavy-duty applications. In addition, these motors are extensively used by the riders because of its lighter weight and seamless integration with bike frames.
Global E-bikes Market, By Type
Based on Type, the e-bikes market is segmented into following:
- City Bikes
- Mountain Bikes
- Trekking Bikes
- Cargo Bikes
- Kids Bikes
In 2019, the city bikes segment led the overall e-bikes market in terms of market value. City bikes are high quality compact and adjustable electric bikes, which are considered as great option for commuting. It is broadly used by users for travelling within the city. City bikes are considered as one of the most convenient, safe and affordable alternative for daily traffics in city. Battery range for the city bikes are 25-45+ miles and it can be accessed with the help of electric assistance. In city bikes both the motors such as hub drive motor and mid drive motor are used.
Global E-bikes Market, By Geography
Based on geography, the e-bikes market is segmented into following:
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
In 2019, Asia-Pacific held the largest share in the E-bikes market with China being the largest consumer market for e-bikes or electric bicycles. The electric bicycles in China has become more common due to easy availability and being cheaper in cost. The popularity of e-bikes is rising among regular commuters, leisure cyclists, and even among mountain bikers. With the onset of Covid-19 crisis, there is shift in consumer preferences, and adoption of e-bike applications in various sectors, such as e-bike rental services. In 2019, retail sales of electric bicycles in China was 15.41 Mn, as it is a leading market in electric bicycles across the world. In addition, Japan also shows significant growth in e-bikes market and sold around 698.23 thousand electric power assist bicycles in 2019. China has widely adopted micromobility alternatives, such as e-bikes or electric bicycle sharing services in their transportation systems. These e-bikes sharing systems ease various problems that arises with the use of private cars, as e-bikes sharing provides rented and dockless sharing services. The e-bikes sharing requires fleet of e-bikes for a particular city, hence the e-bikes sharing service providers purchase e-bikes in fleets and provide them in their brand name. Therefore, demand and sales for electric bicycles is higher in China and other countries in Asia Pacific region.