The research study involved various secondary sources, such as company annual reports/presentations, industry association publications, e-bike magazine articles, directories, technical handbooks, world economic outlook, trade websites, technical articles, and databases, which were used to identify and collect information for an extensive study of the ebike market. Primary sources—experts from related industries, automobile OEMs, and suppliers—were interviewed to obtain and verify critical information and assess prospects and market estimations.
Secondary Research
Secondary sources for this research study included the e-bike industry association, internal databases, corporate filings (such as annual reports, investor presentations, and financial statements), and data from trade and business. Secondary data was collected and analyzed to determine the overall market size, further validated by primary research.
Primary Research
In the primary research process, several primary interviews were conducted with market experts from the demand and supply sides across three major regions: North America, Europe, and Asia-Oceania. 20% and 80% of primary interviews were conducted with the OEMs and Tier-1, respectively.
Primary data was collected through questionnaires, e-mails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in the report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to validate the findings from the primaries. This and insights by in-house subject-matter experts led to the conclusions described in the remainder of this report.
Breakdown Of Primary Interviews: By Company Type & Designation
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Market Size Estimation
The bottom-up approach derived the market size based on volume and value. This was followed by primary interviews and feature mapping on a regional basis from the MarketsandMarkets repository.
The market size was validated through in-depth interviews with industry experts—excerpts available in the discussion guide in the appendix—and secondary research. The report-writing phase begins after arriving at the final numbers for the market size.
Bottom-Up Approach: By Usage
The bottom-up approach was used to estimate and validate the size of the e-bike market by usage. Country-level e-bike sales (in units) were derived from secondary sources such as country-wise manufacturing associations. They paid databases and validated them through primary interviews to determine the size of the market by class and usage in terms of volume. Country-level penetration Usage Types (mountain/trekking bikes, city/urban, cargo, and others) were derived from secondary sources and paid databases and validated through primary interviews.
The market is then forecasted based on various parameters such as - analysis of the historical data, market trends, and growth drivers such as increasing bike sales, increase in infrastructural development activities, economic conditions, and government incentives and subsidies. Technological advancements in e-bike motors, emerging market opportunities, and competitive landscape assessments are also considered to arrive at the country-wise forecast of the e-bikes by usage.
The country-level e-bikes sales (in units) were multiplied by the penetration of each usage type. The e-bike market volume, by usage type, was derived through this. The average OE price by usage type was derived from secondary sources, and primaries validated the same. The market volume, by usage, was multiplied by the average OE usage price. The market, by usage type, in terms of value (USD million), was derived through this. The summation of country-level markets provided the regional-level market. Further summation of the regional-level markets provided the global market in terms of volume (thousand units) and value (USD million) by usage.
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Top-Down Approach – By Battery Type
Estimating the regional market size for e-bikes by battery type was derived from the global ebike market in terms of volume. The percentage share of e-bikes by battery type (lithium-ion, lithium-ion polymer, lead-acid, and others) was derived from secondary sources and validated through primaries. It was multiplied by region-wise market volume. The market volume for e-bikes, by battery type, was derived from this. The average OE price of an e-bike by battery type at the regional level was derived from secondary sources, and primaries validated the same. The market volume for e-bikes, by battery type, was multiplied by the average OE price of e-bikes. The market for e-bikes by battery type was derived in terms of value (USD million). All region-wise markets were summated to obtain the total market for e-bikes by battery type in terms of volume (Thousand units) and value (USD million).
A similar approach was followed to obtain the ebike market by motor type, mode, battery type, component, and speed.
Data Triangulation
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All parameters expected to affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, supplemented with detailed inputs and analysis from MarketsandMarkets, and presented in the report.
Market Definition
An e-bike is a bicycle with a small electric motor and a rechargeable battery to assist the power provided by the rider. The batteries can be recharged by connecting them to a plug. A typical eBike needs 6 to 8 hours to charge the battery and has a range of 35 to 50 km at a speed of about 20 km/h.
Key Stakeholders
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E-bike manufacturers
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eBike battery & motor manufacturers
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Component suppliers for eBikes
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Raw material suppliers for eBikes
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Country-level associations
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Traders, distributors, and suppliers of eBikes
Report Objectives
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To define, describe, and forecast the size of the global ebike market in terms of value (USD million) and volume (thousand units)
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By Class (Class-I, Class-II, Class-III) at the regional level
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By speed (up to 25 km/h, 25-45 km/h) at the regional level
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By Battery Type (Lithium-ion, Lithium-ion Polymer, Lead Acid, and Others) at the regional level
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By Motor Type (Hub and Mid) at the regional level
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By Mode (Pedal Assist and Throttle) at the regional level
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By Component (Batteries, Electric Motors, Frames With Forks, Wheels, Crank Gears, Brake Systems, and Motor Controller) at the regional level
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By Usage (Mountain/Trekking, City/Urban, Cargo, and Others) at the regional level
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By Ownership (Shared and Personal)
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By Battery Capacity (<250W, >250 & <450W, >450 & <650W, and >650W)
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By Motor Weight (<2 kg, >2 kg & <2.4 kg, >2.4 kg)
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By Motor Power (<40nm, >40nm-<70nm, >70nm)
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Country-level analysis of class-wise and usage-wise segments (Asia Oceanic, Europe, and North America)
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To understand the dynamics (drivers, restraints, opportunities, and challenges) of the market
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To strategically analyze the market with trade analysis, pricing analysis, recession impact, case study analysis, patent analysis, technology analysis, regulatory analysis, key conferences and events, bill of material, the total cost of ownership, pricing analysis trends/disruptions impacting buyers, financial matrix, investment, and funding case scenario.
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To analyze the competitive landscape of the global players in the market, along with their market share/ranking
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To analyze the competitive leadership mapping of the global and regional e-bike manufacturers and e-bike component suppliers in the market
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To analyze a detailed listing of OEMs and their brands, OEM-wise technical specifications, mergers & acquisitions, partnerships, collaborations, expansions, and new product launches/developments undertaken by critical participants in the market.
Available Customizations
Along with the market data, MarketsandMarkets offers customizations per company-specific needs.
The following customization options are available for the report:
By Design
By Frame Material
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Carbon Fiber
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Carbon Steel
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Aluminum
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Aluminum Alloy
luna
Apr, 2021
Merida Industry Co., Ltd is a Taiwan-based company.
User
Jan, 2021
We are an electric bike brand and we are interested in obtaining this report. .
Daniela
Feb, 2020
Is it possible to discuss the market segmentation by the country-level?.
MnM Analyst
May, 2020
Market Segment is already discussed at country level. Do you have any specific requirement?.
Ekaterina
Jul, 2022
Profiles of key players in U.S market, their product portfolio analysis, organic and in-organic growth strategies, contract awarded & details of the contracts, key investments and all other key development including SWOT analysis will be provided. Similarly, for the E-Scooter and E- Motorcycles market we will provide the historical units sales data and revenues and growth forecast. Profiles of key players in U.S market, their product portfolio analysis, organic and in-organic growth strategies, contract awarded & details of the contracts, key investments and all other key development including SWOT analysis will be provided. Demographic analysis is only done from qualitative standpoint, and we have covered the buyer behaviour analysis by age, however we have provided the market size and growth forecast by Usage – (Mountain, Trekking, City/Urban, Cargo, Others), at a regional level and country level. for the E-Scooter and E- Motorcycles market we will provide the historical units sales data and revenues and growth forecast. .
Sofia
Jul, 2022
E-Bike market report was published early this year, and this new version has an improved scope and we have provided the regional and country level market size and growth forecast in terms of unit sales and revenues further broken down by By Class, By Usage, By Battery, By Speed, By Motor and By Mode and Average Selling Price by segments.Market share analysis of key players, including their revenue analysis for last three years, product and business revenues, key financial analysis, organic and in-organic growth strategies, contract awarded & details of the contracts, key investments and expansions plans in terms of production and market penetration, and all other key development including SWOT analysis are provided for all global and regional players..
Jo
Jul, 2020
There is no reference to RAD BIkes in the report and yet they appear to be taking the US market by storm.... am I missing something?.
apoorv
Jul, 2019
I may be interested in buying your E-bike market report and like to get a better idea of scope and contents..
Akshit
Jun, 2019
Looking for e-bike market potential and forecasting data. To analyse and size the market for investment potential for Valeo. .
User
Jun, 2019
The following are the specific items that we are looking to gather from the e-bike report: 1) market size ($) breakdown by geography 2) market size forecast overall and by geography 3) volume (units) breakdown by geography 4) Market share breakdown by key buyers (e.g. OEMs) 5) Total available market for connected services overall and by geography 6) Connected Services market share by competition 7) Percentage of OEMs producing connected solutions in-house vs outsourcing 8) What jobs are OEMs trying to accomplish with connected services 9) What are some pains OEMs are experiencing with connected services, how are they trying to solve them 10) What are some gains that OEMs are creating through connected service solutions Please let me know which items would be available in the report and which portion(s) of the report they would be contained in. If this would be best addressed in a conversation, do you have availability to speak, preferably tomorrow - my phone number should be attached. Thank you.
Nilesh
Jun, 2019
We are building a global e-bike brand and we would like to have access to the report to get more information and identify opportunities to prepare our master plan for the next five years.
Nilesh
Jun, 2019
We are the biggest lead-acid battery in North America and we are seeing the market for electric bikes growing. So, we would like to understand more about this market in South America..
Nilesh
Jun, 2019
Would like to know the current Global Market scenario in E-bike and accordingly what is the future of this category in India.
Atul
May, 2019
I`m trying to make a general view of the electro bikes and other electric two wheels vehicles, use in mexican cities and their potential to reduce criteria pollutants as a substitute of internal combustion engines vehicles..