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The electric bike market is anticipated to flourish at a healthy CAGR of 10.2% between 2023 and 2033. The market is expected to hold a market share of US$ 150.01 billion by 2033, while the market is likely to reach a value of US$ 56.79 billion in 2023.
The electric bike market share growth could be ascribed to the numerous benefits e-bikes provide. Electric bikes are convenient, adaptable, environmentally responsible, and stylish transportation. Customers are viewing e-bikes as the best replacement for scooters, smart cars, and public transit by consumers. Due to their smaller size, ability to travel farther on a single charge, and positive effects on health, e-bikes can help reduce traffic congestion. Due to these factors, the demand for an electric bike is anticipated to rise throughout the forecast period.
The electric bike market is anticipated to grow due to multiple factors, including the implementation of government regulations to promote the adoption of electric bikes and consumer preference for using e-bikes as an eco-friendly & efficient commute solution. Furthermore, the sales of electric bikes are projected to rise due to an increase in fuel costs and interest in cycling as a fitness & recreational activity.
Attributes | Details |
---|---|
Electric Bike Market CAGR (2023 to 2033) | 10.2% |
Electric Bike Market Size (2023) | US$ 56.79 billion |
Electric Bike Market Size (2033) | US$ 150.01 billion |
Consumers are increasingly inclined to use alternatives for public transportation that emit little or no carbon dioxide. The rising demand for electric bikes in the transportation industry in both established and developing nations is anticipated to offer numerous growth opportunities for the players in the electric bike market. The expanding adoption of e-bikes with lighter weight and greater battery life is generating profitable revenue streams. Electric bike manufacturers are also increasing their lineup of autos with varying mileage and characteristics to meet the diverse needs of riders on their daily urban commute.
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Better Policy Support for Infrastructure Support to Promote Growth
Several European nations, including Germany, France, and Spain, have made the construction of e-bike infrastructure a priority and are trying to boost annual expenditure to hasten the creation of a connected and secure bike network. This aids in removing roadblocks to cycling and promotes the many opportunities for electric bike manufacturers. Therefore, increased legislative assistance is likely to spur the electric bike market expansion.
Growing Use of E-Bikes in Municipal Bike-sharing Programs
Municipal bike-sharing programs around the world have boosted the sales of electric bikes significantly. Residents and travelers are using e-bikes more frequently as a result of the demand for more accessible and secure public transportation options as well as social distance requirements.
Increasing Consumer Knowledge of the Health Benefits of Electric Bikes
The health advantages of switching from driving to a class 1 e-bike for commuting were measured in a study from CU Boulder. The study discovered that using an electric bike for transportation helped participants improve blood sugar control, develop vital cardiovascular endurance, and meet their recommended levels of physical activity in one month compared to using a car. Consequently, these key factors are anticipated to propel the electric bike market size.
Increasing Shared Micro-mobility
The ecology of public transportation includes shared micro-mobility. Shared electric micro-mobility is a flexible transportation option that complements higher-volume fixed-route transit services by offering mobility services for numerous trips at a lower cost. Due to this factor, the demand for electric bikes is anticipated to rise.
Due to high purchase costs, electric bike adoption is still only moderately widespread. According to a 2019 poll of self-selected North American users of electric mopeds, an electric bike typically costs US$ 2,600 to buy. For comparison, the average wholesale price of a mountain moped in the US is US$ 620. (Bicycle Retailer and Industry News 2019). Since electric bikes have a high cost of ownership, this is anticipated to negatively impact the electric bike market outlook during the forecast period.
V2X (vehicle-to-everything) connectivity solutions can protect drivers by warning them if a bike or scooter is in danger. For instance, Tome declared they are working on a bike-to-vehicle (B2V) communication standard with SAE Industry Technologies and nine other members. The B2V board includes cycling firms like Trek Bike and Specialized, as well as Subaru, GM, and Ford.
Several new B2V prototypes and models were unveiled in January 2021 at CES. For example, Specialized is attempting to integrate B2V technology into its Specialized Ride App. Consequently, increasing bike connections is likely to have a favorable impact on the global electric bike market
Country | Revenue Share % (2022) |
---|---|
United States | 22.1% |
Germany | 6.9% |
Japan | 4.8% |
Australia | 1.0% |
Country | CAGR % (2023 to 2033) |
---|---|
China | 10.5% |
India | 10.0% |
United Kingdom | 9.7% |
North America is predicted to have strong electric bike market growth. According to NABSA, the percentage of electric bikes being used by bike-share systems climbed from 28% in 2019 to 44% in 2020. Many cities, including San Francisco, New York, and Washington, D.C., have reduced speed restrictions, blocked off certain routes to vehicles, and built special lanes for two-wheelers. These factors are responsible for the rise in electric bike adoption in this region.
The electric bike market is predicted to increase significantly throughout Europe. The report states that 23 of the 27 EU members have an active electric bike manufacturing and parts business. About 900 small and medium-sized businesses (SMEs) employ about 120,000 people directly and indirectly and spend more than one billion euros on research and development. By 2032, sales of electric bikes in the EU are anticipated to reach 13.1 billion units, with 60% of those bikes being made in Europe.
As two-wheelers are the most popular form of transportation in Asia Pacific (excluding Japan), APEJ is a crucial market for electric bike manufacturing and sales. In the APEJ region, sales of electric bikes are mostly concentrated in China, India, and ASEAN nations.
APEJ is the leading market for electric bikes due to the prevalence of two-wheelers. The electric bike market is anticipated to expand at a strong CAGR of 3.2% and represent a US$ 6.1 billion growth opportunity during the projected period.
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Category | By Product Type |
---|---|
Leading Segment | Pedelecs |
Market Share (2022) | 47.3% |
Category | By Battery Type |
---|---|
Leading Segment | Lead-based Battery |
Market Share (2022) | 85.7% |
The most popular and most affordable type of electric bike on the market, with all the essential features for city riding, is pedelecs. They are low-powered electric bikes that mostly rely on a small electric motor to aid with pedaling. Pedelecs are the most frequently utilized e-bikes in China due to their inherent benefits.
Pedestals are anticipated to be the most popular product category in the electric bike market, expanding at a CAGR of 3.2% throughout the forecast period. In comparison to pedelecs, electric scooters and bikes are expanding at a relatively slow rate.
In the electric bike market, the lead-based battery type segment commands a share of more than 85%. Since lead-based batteries are less expensive than other battery kinds, they are currently the most popular battery type, and this market segment is anticipated to keep holding the top spot during the projection period.
These batteries are likely to be replaced by the Li-ion and NiMH segments in the upcoming years because of their high weight, short charging lives, and violation of certain emission standards. During the projected period, the Li-Ion battery type sector is anticipated to rise at a high CAGR of 3% in value.
Over the forecast period, the demand for electric bikes is expected to be dominated by battery-powered bikes, which are expected to see a considerable increase in sales. Compared to the battery electric bike segment, the plug-in electric scooter segment is expanding more slowly. The plug-in electric bike market is growing slowly since there aren't enough charging stations around the world.
Despite the fact that plug-in electric bikes can be charged at home, they are likely to need a charging station in an emergency to recharge the battery, much like conventional vehicles do. In 2017, the battery electric bike sector represented more than 80% of the market in terms of value.
The adoption of sustainable commuting is a novel idea that could open up profitable opportunities in the market. Start-ups are particularly anxious to take advantage of these opportunities and cut costs in this regard.
For instance, startups in France are searching for open-air bike cemeteries where they may locate abandoned bikes for cheaper e-bike conversions. These diverse customer benefits have supported the startups in the market for electric bikes with profitable growth prospects.
Leading Players Leverage the Ease of Investment
Due to considerable investments made to improve the performance of electric bikes and make them more comfortable for use, the key players in the global electric bike market compete fiercely with one another. The primary objective of these investments is to position e-bikes as the clientele's preferred alternative to private cars and other vehicles. To improve the performance of the e-bike drive unit's performance, some players have made significant investments.
Furthermore, the electric bike market manufacturers are expected to expand with strategic developments such as product launches, expansion, collaborations, and acquisitions in the electric bike market.
Recent Developments:
One of the top companies in this electric bike is Accell Group. In 15 different locations, the company employs about 3,100 people. Additionally, the corporation sells its goods to consumers and dealers in more than 80 different nations. Through its Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Raleigh, Sparta, Babboe, and Carqon XLC Brands, Accell has a well-known brand in Europe and a wide range of products. The corporation has been able to increase its electric bike market share due to these brands.
Jan. 20, 2022, The world's top cycling brand, Giant Bicycles, has announced a new partnership with Team BikeExchange-Jayco that may enable it to return to competitive road racing at the UCI World Tour level.
A cooperative venture between Hero Motors and Yamaha Motor Company was formed to create an e-cycle drive unit in October 2021. At the future manufacturing plant in Hero E-Cycle Valley, the joint venture plans to begin producing the first model by November 2022. Additionally, for selling drive units in international markets, the joint venture may utilize the OEM networks of Hero Motors and Yamaha Motor Company.
Two new electric bicycles, the Voya E+1, and Voya E+3, have been introduced by Momentum, the ‘lifestyle-inspired’ cycling brand of Giant Group. While the Voya E+3 has standard flat bars and a 9-speed microSHIFT ADVENT derailleur, the Voya E+1 is designed as a drop bar urban bike with an 11-speed Shimano GRX derailleur. On a single charge, the 250 Wh battery is said to provide a range of 40 to 72 km (25 to 45 miles). The battery can be charged to 80% capacity in under two hours using the 4A fast charger that is included.
The Wabash RT and the CrossCore RC, two brand-new class 3 power assist bicycles, have been introduced by Yamaha. They include an all-new Yamaha PWSeries ST motor unit, frame, and internally integrated batteries.
Merida introduced the 2021 EX Enduro in September 2021, replacing the 2020 model that had been temporarily discontinued. Shimano STEPS power this brand-new e-bike.
The premium e-bike and cargo bike maker Riese & Müller Business expanded their selection of eco-friendly mobility options for business customers in August 2021. Targeting towns and companies of all sizes, including those in the retail, catering, commerce, healthcare, or transportation industries, it provides four distinct models for commercial fleets.
Cannondale introduced its Adventure Neo line of commuting e-bikes in March 2021. Cannondale introduced a line of step-through, Bosch-powered e-bikes for city use. There are four variants in the Adventure Neo range, each featuring an alloy frame, a step-through construction, a Bosch driving system, and a battery that can hold up to 625Wh.
Some of the key players in the electric bike market are Yadea, Accell Group, and Hero Electric.
The electric bike market is valued at US$ 56.79 billion in 2023.
The pedelec segment is the largest and is likely to remain preferred through 2033.
Players opt for mergers and acquisitions, as well as partnerships and collaborations.
China, India, and Japan dominate the Asian market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Product type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product type, 2023 to 2033 5.3.1. Electric Scooter 5.3.2. Electric Motorcycles 5.3.3. Pedelec 5.4. Y-o-Y Growth Trend Analysis By Product type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Battery type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Battery type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Battery type, 2023 to 2033 6.3.1. Li-Ion 6.3.2. NiMH 6.3.3. Lead-based 6.4. Y-o-Y Growth Trend Analysis By Battery type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Battery type, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Technology , 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Technology , 2023 to 2033 7.3.1. Plug-In 7.3.2. Battery 7.4. Y-o-Y Growth Trend Analysis By Technology , 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Technology , 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. USA. 9.2.1.2. Canada 9.2.2. By Product type 9.2.3. By Battery type 9.2.4. By Technology 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product type 9.3.3. By Battery type 9.3.4. By Technology 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Product type 10.2.3. By Battery type 10.2.4. By Technology 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product type 10.3.3. By Battery type 10.3.4. By Technology 10.4. Key Takeaways 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom. 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Product type 11.2.3. By Battery type 11.2.4. By Technology 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product type 11.3.3. By Battery type 11.3.4. By Technology 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Product type 12.2.3. By Battery type 12.2.4. By Technology 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product type 12.3.3. By Battery type 12.3.4. By Technology 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Product type 13.2.3. By Battery type 13.2.4. By Technology 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product type 13.3.3. By Battery type 13.3.4. By Technology 13.4. Key Takeaways 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Product type 14.2.3. By Battery type 14.2.4. By Technology 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Product type 14.3.3. By Battery type 14.3.4. By Technology 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Product type 15.2.3. By Battery type 15.2.4. By Technology 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Product type 15.3.3. By Battery type 15.3.4. By Technology 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA. 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2022 16.1.2.1. By Product type 16.1.2.2. By Battery type 16.1.2.3. By Technology 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2022 16.2.2.1. By Product type 16.2.2.2. By Battery type 16.2.2.3. By Technology 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2022 16.3.2.1. By Product type 16.3.2.2. By Battery type 16.3.2.3. By Technology 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2022 16.4.2.1. By Product type 16.4.2.2. By Battery type 16.4.2.3. By Technology 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2022 16.5.2.1. By Product type 16.5.2.2. By Battery type 16.5.2.3. By Technology 16.6. United Kingdom. 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2022 16.6.2.1. By Product type 16.6.2.2. By Battery type 16.6.2.3. By Technology 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2022 16.7.2.1. By Product type 16.7.2.2. By Battery type 16.7.2.3. By Technology 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2022 16.8.2.1. By Product type 16.8.2.2. By Battery type 16.8.2.3. By Technology 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2022 16.9.2.1. By Product type 16.9.2.2. By Battery type 16.9.2.3. By Technology 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2022 16.10.2.1. By Product type 16.10.2.2. By Battery type 16.10.2.3. By Technology 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2022 16.11.2.1. By Product type 16.11.2.2. By Battery type 16.11.2.3. By Technology 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2022 16.12.2.1. By Product type 16.12.2.2. By Battery type 16.12.2.3. By Technology 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2022 16.13.2.1. By Product type 16.13.2.2. By Battery type 16.13.2.3. By Technology 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2022 16.14.2.1. By Product type 16.14.2.2. By Battery type 16.14.2.3. By Technology 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2022 16.15.2.1. By Product type 16.15.2.2. By Battery type 16.15.2.3. By Technology 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2022 16.16.2.1. By Product type 16.16.2.2. By Battery type 16.16.2.3. By Technology 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2022 16.17.2.1. By Product type 16.17.2.2. By Battery type 16.17.2.3. By Technology 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2022 16.18.2.1. By Product type 16.18.2.2. By Battery type 16.18.2.3. By Technology 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2022 16.19.2.1. By Product type 16.19.2.2. By Battery type 16.19.2.3. By Technology 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2022 16.20.2.1. By Product type 16.20.2.2. By Battery type 16.20.2.3. By Technology 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2022 16.21.2.1. By Product type 16.21.2.2. By Battery type 16.21.2.3. By Technology 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2022 16.22.2.1. By Product type 16.22.2.2. By Battery type 16.22.2.3. By Technology 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2022 16.23.2.1. By Product type 16.23.2.2. By Battery type 16.23.2.3. By Technology 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Product type 17.3.3. By Battery type 17.3.4. By Technology 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. ECCITY Motorcycles 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Hero Electric Vehicles Private Limited 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. Gogoro Inc. 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. GOVECS GmbH 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. Vmoto Limited 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. Honda Motor Co. Ltd. 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. Piaggio & C. SpA 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. Terra Motors Corp. 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Bayerische Motoren Werke AG 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. Jiangsu Xinri E-Vehicle Co. Ltd. 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.11. Giant Manufacturing Co Ltd. 18.1.11.1. Overview 18.1.11.2. Product Portfolio 18.1.11.3. Profitability by Market Segments 18.1.11.4. Sales Footprint 18.1.11.5. Strategy Overview 18.1.11.5.1. Marketing Strategy 18.1.12. Emotion Bikes USA 18.1.12.1. Overview 18.1.12.2. Product Portfolio 18.1.12.3. Profitability by Market Segments 18.1.12.4. Sales Footprint 18.1.12.5. Strategy Overview 18.1.12.5.1. Marketing Strategy 18.1.13. Pedego Electric Bikes 18.1.13.1. Overview 18.1.13.2. Product Portfolio 18.1.13.3. Profitability by Market Segments 18.1.13.4. Sales Footprint 18.1.13.5. Strategy Overview 18.1.13.5.1. Marketing Strategy 18.1.14. Volt 18.1.14.1. Overview 18.1.14.2. Product Portfolio 18.1.14.3. Profitability by Market Segments 18.1.14.4. Sales Footprint 18.1.14.5. Strategy Overview 18.1.14.5.1. Marketing Strategy 18.1.15. Energica Motor Company S.p.A. 18.1.15.1. Overview 18.1.15.2. Product Portfolio 18.1.15.3. Profitability by Market Segments 18.1.15.4. Sales Footprint 18.1.15.5. Strategy Overview 18.1.15.5.1. Marketing Strategy 18.1.16. Zero Motorcycles, Inc. 18.1.16.1. Overview 18.1.16.2. Product Portfolio 18.1.16.3. Profitability by Market Segments 18.1.16.4. Sales Footprint 18.1.16.5. Strategy Overview 18.1.16.5.1. Marketing Strategy 18.1.17. Mahindra Genze 18.1.17.1. Overview 18.1.17.2. Product Portfolio 18.1.17.3. Profitability by Market Segments 18.1.17.4. Sales Footprint 18.1.17.5. Strategy Overview 18.1.17.5.1. Marketing Strategy 18.1.18. Derby Cycle 18.1.18.1. Overview 18.1.18.2. Product Portfolio 18.1.18.3. Profitability by Market Segments 18.1.18.4. Sales Footprint 18.1.18.5. Strategy Overview 18.1.18.5.1. Marketing Strategy 18.1.19. Accell Group. 18.1.19.1. Overview 18.1.19.2. Product Portfolio 18.1.19.3. Profitability by Market Segments 18.1.19.4. Sales Footprint 18.1.19.5. Strategy Overview 18.1.19.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033 Table 2: Global Market Value (US$ Million) Forecast by Product type, 2018 to 2033 Table 3: Global Market Value (US$ Million) Forecast by Battery type, 2018 to 2033 Table 4: Global Market Value (US$ Million) Forecast by Technology , 2018 to 2033 Table 5: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 6: North America Market Value (US$ Million) Forecast by Product type, 2018 to 2033 Table 7: North America Market Value (US$ Million) Forecast by Battery type, 2018 to 2033 Table 8: North America Market Value (US$ Million) Forecast by Technology , 2018 to 2033 Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 10: Latin America Market Value (US$ Million) Forecast by Product type, 2018 to 2033 Table 11: Latin America Market Value (US$ Million) Forecast by Battery type, 2018 to 2033 Table 12: Latin America Market Value (US$ Million) Forecast by Technology , 2018 to 2033 Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 14: Western Europe Market Value (US$ Million) Forecast by Product type, 2018 to 2033 Table 15: Western Europe Market Value (US$ Million) Forecast by Battery type, 2018 to 2033 Table 16: Western Europe Market Value (US$ Million) Forecast by Technology , 2018 to 2033 Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 18: Eastern Europe Market Value (US$ Million) Forecast by Product type, 2018 to 2033 Table 19: Eastern Europe Market Value (US$ Million) Forecast by Battery type, 2018 to 2033 Table 20: Eastern Europe Market Value (US$ Million) Forecast by Technology , 2018 to 2033 Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Product type, 2018 to 2033 Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Battery type, 2018 to 2033 Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by Technology , 2018 to 2033 Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 26: East Asia Market Value (US$ Million) Forecast by Product type, 2018 to 2033 Table 27: East Asia Market Value (US$ Million) Forecast by Battery type, 2018 to 2033 Table 28: East Asia Market Value (US$ Million) Forecast by Technology , 2018 to 2033 Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Product type, 2018 to 2033 Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Battery type, 2018 to 2033 Table 32: Middle East and Africa Market Value (US$ Million) Forecast by Technology , 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Product type, 2023 to 2033 Figure 2: Global Market Value (US$ Million) by Battery type, 2023 to 2033 Figure 3: Global Market Value (US$ Million) by Technology , 2023 to 2033 Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033 Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033 Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033 Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033 Figure 8: Global Market Value (US$ Million) Analysis by Product type, 2018 to 2033 Figure 9: Global Market Value Share (%) and BPS Analysis by Product type, 2023 to 2033 Figure 10: Global Market Y-o-Y Growth (%) Projections by Product type, 2023 to 2033 Figure 11: Global Market Value (US$ Million) Analysis by Battery type, 2018 to 2033 Figure 12: Global Market Value Share (%) and BPS Analysis by Battery type, 2023 to 2033 Figure 13: Global Market Y-o-Y Growth (%) Projections by Battery type, 2023 to 2033 Figure 14: Global Market Value (US$ Million) Analysis by Technology , 2018 to 2033 Figure 15: Global Market Value Share (%) and BPS Analysis by Technology , 2023 to 2033 Figure 16: Global Market Y-o-Y Growth (%) Projections by Technology , 2023 to 2033 Figure 17: Global Market Attractiveness by Product type, 2023 to 2033 Figure 18: Global Market Attractiveness by Battery type, 2023 to 2033 Figure 19: Global Market Attractiveness by Technology , 2023 to 2033 Figure 20: Global Market Attractiveness by Region, 2023 to 2033 Figure 21: North America Market Value (US$ Million) by Product type, 2023 to 2033 Figure 22: North America Market Value (US$ Million) by Battery type, 2023 to 2033 Figure 23: North America Market Value (US$ Million) by Technology , 2023 to 2033 Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033 Figure 25: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 28: North America Market Value (US$ Million) Analysis by Product type, 2018 to 2033 Figure 29: North America Market Value Share (%) and BPS Analysis by Product type, 2023 to 2033 Figure 30: North America Market Y-o-Y Growth (%) Projections by Product type, 2023 to 2033 Figure 31: North America Market Value (US$ Million) Analysis by Battery type, 2018 to 2033 Figure 32: North America Market Value Share (%) and BPS Analysis by Battery type, 2023 to 2033 Figure 33: North America Market Y-o-Y Growth (%) Projections by Battery type, 2023 to 2033 Figure 34: North America Market Value (US$ Million) Analysis by Technology , 2018 to 2033 Figure 35: North America Market Value Share (%) and BPS Analysis by Technology , 2023 to 2033 Figure 36: North America Market Y-o-Y Growth (%) Projections by Technology , 2023 to 2033 Figure 37: North America Market Attractiveness by Product type, 2023 to 2033 Figure 38: North America Market Attractiveness by Battery type, 2023 to 2033 Figure 39: North America Market Attractiveness by Technology , 2023 to 2033 Figure 40: North America Market Attractiveness by Country, 2023 to 2033 Figure 41: Latin America Market Value (US$ Million) by Product type, 2023 to 2033 Figure 42: Latin America Market Value (US$ Million) by Battery type, 2023 to 2033 Figure 43: Latin America Market Value (US$ Million) by Technology , 2023 to 2033 Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033 Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 48: Latin America Market Value (US$ Million) Analysis by Product type, 2018 to 2033 Figure 49: Latin America Market Value Share (%) and BPS Analysis by Product type, 2023 to 2033 Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Product type, 2023 to 2033 Figure 51: Latin America Market Value (US$ Million) Analysis by Battery type, 2018 to 2033 Figure 52: Latin America Market Value Share (%) and BPS Analysis by Battery type, 2023 to 2033 Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Battery type, 2023 to 2033 Figure 54: Latin America Market Value (US$ Million) Analysis by Technology , 2018 to 2033 Figure 55: Latin America Market Value Share (%) and BPS Analysis by Technology , 2023 to 2033 Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Technology , 2023 to 2033 Figure 57: Latin America Market Attractiveness by Product type, 2023 to 2033 Figure 58: Latin America Market Attractiveness by Battery type, 2023 to 2033 Figure 59: Latin America Market Attractiveness by Technology , 2023 to 2033 Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033 Figure 61: Western Europe Market Value (US$ Million) by Product type, 2023 to 2033 Figure 62: Western Europe Market Value (US$ Million) by Battery type, 2023 to 2033 Figure 63: Western Europe Market Value (US$ Million) by Technology , 2023 to 2033 Figure 64: Western Europe Market Value (US$ Million) by Country, 2023 to 2033 Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 68: Western Europe Market Value (US$ Million) Analysis by Product type, 2018 to 2033 Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Product type, 2023 to 2033 Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Product type, 2023 to 2033 Figure 71: Western Europe Market Value (US$ Million) Analysis by Battery type, 2018 to 2033 Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Battery type, 2023 to 2033 Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Battery type, 2023 to 2033 Figure 74: Western Europe Market Value (US$ Million) Analysis by Technology , 2018 to 2033 Figure 75: Western Europe Market Value Share (%) and BPS Analysis by Technology , 2023 to 2033 Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by Technology , 2023 to 2033 Figure 77: Western Europe Market Attractiveness by Product type, 2023 to 2033 Figure 78: Western Europe Market Attractiveness by Battery type, 2023 to 2033 Figure 79: Western Europe Market Attractiveness by Technology , 2023 to 2033 Figure 80: Western Europe Market Attractiveness by Country, 2023 to 2033 Figure 81: Eastern Europe Market Value (US$ Million) by Product type, 2023 to 2033 Figure 82: Eastern Europe Market Value (US$ Million) by Battery type, 2023 to 2033 Figure 83: Eastern Europe Market Value (US$ Million) by Technology , 2023 to 2033 Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033 Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Product type, 2018 to 2033 Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Product type, 2023 to 2033 Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Product type, 2023 to 2033 Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Battery type, 2018 to 2033 Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Battery type, 2023 to 2033 Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Battery type, 2023 to 2033 Figure 94: Eastern Europe Market Value (US$ Million) Analysis by Technology , 2018 to 2033 Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by Technology , 2023 to 2033 Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by Technology , 2023 to 2033 Figure 97: Eastern Europe Market Attractiveness by Product type, 2023 to 2033 Figure 98: Eastern Europe Market Attractiveness by Battery type, 2023 to 2033 Figure 99: Eastern Europe Market Attractiveness by Technology , 2023 to 2033 Figure 100: Eastern Europe Market Attractiveness by Country, 2023 to 2033 Figure 101: South Asia and Pacific Market Value (US$ Million) by Product type, 2023 to 2033 Figure 102: South Asia and Pacific Market Value (US$ Million) by Battery type, 2023 to 2033 Figure 103: South Asia and Pacific Market Value (US$ Million) by Technology , 2023 to 2033 Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033 Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Product type, 2018 to 2033 Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product type, 2023 to 2033 Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product type, 2023 to 2033 Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Battery type, 2018 to 2033 Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Battery type, 2023 to 2033 Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Battery type, 2023 to 2033 Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by Technology , 2018 to 2033 Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by Technology , 2023 to 2033 Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Technology , 2023 to 2033 Figure 117: South Asia and Pacific Market Attractiveness by Product type, 2023 to 2033 Figure 118: South Asia and Pacific Market Attractiveness by Battery type, 2023 to 2033 Figure 119: South Asia and Pacific Market Attractiveness by Technology , 2023 to 2033 Figure 120: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033 Figure 121: East Asia Market Value (US$ Million) by Product type, 2023 to 2033 Figure 122: East Asia Market Value (US$ Million) by Battery type, 2023 to 2033 Figure 123: East Asia Market Value (US$ Million) by Technology , 2023 to 2033 Figure 124: East Asia Market Value (US$ Million) by Country, 2023 to 2033 Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 128: East Asia Market Value (US$ Million) Analysis by Product type, 2018 to 2033 Figure 129: East Asia Market Value Share (%) and BPS Analysis by Product type, 2023 to 2033 Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Product type, 2023 to 2033 Figure 131: East Asia Market Value (US$ Million) Analysis by Battery type, 2018 to 2033 Figure 132: East Asia Market Value Share (%) and BPS Analysis by Battery type, 2023 to 2033 Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Battery type, 2023 to 2033 Figure 134: East Asia Market Value (US$ Million) Analysis by Technology , 2018 to 2033 Figure 135: East Asia Market Value Share (%) and BPS Analysis by Technology , 2023 to 2033 Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Technology , 2023 to 2033 Figure 137: East Asia Market Attractiveness by Product type, 2023 to 2033 Figure 138: East Asia Market Attractiveness by Battery type, 2023 to 2033 Figure 139: East Asia Market Attractiveness by Technology , 2023 to 2033 Figure 140: East Asia Market Attractiveness by Country, 2023 to 2033 Figure 141: Middle East and Africa Market Value (US$ Million) by Product type, 2023 to 2033 Figure 142: Middle East and Africa Market Value (US$ Million) by Battery type, 2023 to 2033 Figure 143: Middle East and Africa Market Value (US$ Million) by Technology , 2023 to 2033 Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033 Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Product type, 2018 to 2033 Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Product type, 2023 to 2033 Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product type, 2023 to 2033 Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Battery type, 2018 to 2033 Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Battery type, 2023 to 2033 Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Battery type, 2023 to 2033 Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by Technology , 2018 to 2033 Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Technology , 2023 to 2033 Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Technology , 2023 to 2033 Figure 157: Middle East and Africa Market Attractiveness by Product type, 2023 to 2033 Figure 158: Middle East and Africa Market Attractiveness by Battery type, 2023 to 2033 Figure 159: Middle East and Africa Market Attractiveness by Technology , 2023 to 2033 Figure 160: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
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