Electric Bike Market

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Electric Bike Market by Product type, Battery type, Technology & Region | Forecast 2022 to 2032

Electric Bike Market Outlook (2022 to 2032)

[306 pages Report] The sales of electric bikes are expected to increase at a CAGR of 10% during the forecast period. The electric bike market size is anticipated to rise from US$ 52.05 Billion in 2022 to US$ 122.1 Billion in 2032.

The growth of the electric bike market share 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 transportation 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.

Attribute	Details
Electric Bike Market Estimated Size (2022)	US$ 52.05 Billion
Electric Bike Market CAGR (2022 to 2032)	10%
Electric Bike Market Forecasted Size (2032)	US$ 122.1 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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4 Contributors to the Electric Bike Market Growth

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, it is anticipated that these key factors propelling 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.

High Purchase Costs Impede the Adoption of Electric Bikes

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 USD 2,600 to buy. For comparison, the average wholesale price of a mountain moped in the US is USD 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.

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Application of Connectivity Solutions for Electric Bikes to Underpin the Market Growth

V2X (vehicle-to-everything) connectivity solutions can protect drivers by warning them if a bike or scooter is in danger. For instance, Tome declared that 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, it is anticipated that increasing bike connections is likely to have a favorable impact on the global electric bike market.

Category-wise Insights of Electric Bike Market

Pedelecs Product Type Segment to Dominate the Electric Bike Market

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. In China, pedelecs are the most frequently utilized e-bikes 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.

Lead-based Battery Type Segment to Dominate the Electric Bike Market

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 terms of value.

Battery Electric Bike to Provide Lucrative Segment in the Electric Bike Market

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 installed 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, therefore, represented more than 80% of the market in terms of value.

Regional Analysis of Electric Bike Market

North America Electric Bike Market Landscape

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.

What is the Europe Electric Bike Market Outlook?

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. There are about 900 small and medium-sized businesses (SMEs), which 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 million units, with 60% of those bikes being made in Europe.

Asia Pacific Dominates the Global Electric Bike Market

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 largest 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.

Startup Ecosystem

Startups are Focused on Providing Customer-centric Solutions

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.

Competitive Landscape

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, some of the players have made significant investments.

Furthermore, the manufacturers in the electric bike market are expected to expand with strategic developments such as product launches, expansion, collaborations, and acquisitions in the electric bike market.

Some of the Key Players Operating in the Electric Bike Market Include:

ECCITY Motorcycles
Hero Electric Vehicles Private Limited
Gogoro Inc.
GOVECS GmbH
Vmoto Limited
Honda Motor Co. Ltd.
Piaggio & C. SpA
Terra Motors Corp.
Bayerische Motoren Werke AG
Jiangsu Xinri E-Vehicle Co. Ltd.
Giant Manufacturing Co Ltd.
Emotion Bikes USA
Pedego Electric Bikes
Volt
Energica Motor Company S.p.A.
Zero Motorcycles, Inc.
Mahindra Genze
Derby Cycle
Accell Group.

Latest Developments in the Electric Bike Market

Pon. Bike purchased the Dorel Sports branch of Dorel Industries in October 2021 as part of a plan to develop a portfolio of high-end e-bikes that would cover all e-bike segment categories.
In Bethesda, Maryland, Pedego launched a new facility in July 2021 that provides a comprehensive selection of e-bike sales, rentals, services, and accessories.
David's World Cycle was acquired by Trek Bicycle Corporation in April 2022. In order to expand its dealer network and support its expansion strategy, Trek Bicycle Corporation bought 21 retail chains.

Accell Group Steals the Spotlight in Electric Bike Industry Owing to Constructive Collaborations and Industry-leading Products

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.

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Giant Bicycles

Jan. 20, 2022, The world's top cycling brand, Giant Bicycles, has announced a new partnership with Team BikeExchange-Jayco that will enable it to return to competitive road racing at the UCI World Tour level.

Hero Motors

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 the selling of drive units in international markets, the joint venture would utilize the OEM networks of Hero Motors and Yamaha Motor Company.

Momentum

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 40–72 km (25–45 miles). The battery can be charged to 80% capacity in under two hours using the 4A fast charger that is included.

Yamaha

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

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.

Riese & Müller

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

Cannondale introduced its Adventure Neo line of commuting e-bikes in March 2021. A line of step-through, Bosch-powered e-bikes for city use was introduced by Cannondale. 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.

Scope of the Report

Attribute	Details
Growth Rate	CAGR of 10% from 2022 to 2032
Base Year of Estimation	2022
Historical Data	2017 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in US$ Mn and Volume in Units and F-CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis
Key Segments Covered	By Product Type By Battery Type By Technology By Region
Regions Covered	North America Latin America Europe East Asia South Asia Middle East & Africa (MEA) Oceania
Key Countries Profiled	The USA Canada Brazil Mexico Germany Italy France The UK Spain Russia China Japan India GCC Countries Australia
Key Companies Profiled	ECCITY Motorcycles Hero Electric Vehicles Private Limited Gogoro Inc. GOVECS GmbH Vmoto Limited Honda Motor Co. Ltd. Piaggio & C. SpA Terra Motors Corp. Bayerische Motoren Werke AG Jiangsu Xinri E-Vehicle Co. Ltd. Giant Manufacturing Co Ltd. Emotion Bikes USA Pedego Electric Bikes Volt Energica Motor Company S.p.A. Zero Motorcycles, Inc. Mahindra Genze Derby Cycle Accell Group.

Key Segments Covered in the Electric Bike Market Report

By Product type:

Electric Scooter
Electric Motorcycles
Pedelec

By Battery type:

Li-Ion
NiMH
Lead-based

By Technology:

Plug-In
Battery

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Japan
Middle East & Africa (MEA)

Frequently Asked Questions

What is the Estimated Electric Bike Market Value in 2022?

The global electric bike market is estimated to be valued at US$ 52.05 Billion in 2022.

What is the Growth Outlook of Global Electric Bike Market?

The electric bike market is likely to grow at a CAGR of 10% from 2022 to 2032.

What is the Projected Value of Electric Bike Market by 2032?

The electric bike market is projected to reach a valuation of US$ 122.1 Billion by 2032.

Which Region Dominates the Global Electric Bike Market?

Asia Pacific is projected to lead the global electric bike market by 2032.

Table of Content

1. Executive Summary | Electric Bike Market

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 Market Analysis 2017 to 2021 and Forecast 2022 to 2032

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 Market Analysis 2017 to 2021 and Forecast 2022 to 2032 by Product Type

6.1. Introduction / Key Findings

6.2. Historical Market Size (US$ Million) and Volume Analysis by Product Type, 2017 to 2021

6.3. Current Market Size (US$ Million) and Volume Forecast By Product Type, 2022 to 2032

6.3.1. Electric Scooter

6.3.2. Electric Motorcycle

6.3.3. Pedelec

6.4. Market Attractiveness Analysis by Product Type

7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032 by Battery Type

7.1. Introduction / Key Findings

7.2. Historical Market Size (US$ Million) and Volume Analysis by Battery Type, 2017 to 2021

7.3. Current Market Size (US$ Million) and Volume Forecast By Battery Type, 2022 to 2032

7.3.1. Li-ion

7.3.2. NiMH

7.3.3. Lead Based

7.4. Market Attractiveness Analysis by Battery Type

8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032 by Technology

8.1. Introduction / Key Findings

8.2. Historical Market Size (US$ Million) and Volume Analysis by Technology, 2017 to 2021

8.3. Current Market Size (US$ Million) and Volume Forecast By Technology, 2022 to 2032

8.3.1. Plug-in

8.3.2. Battery

8.4. Market Attractiveness Analysis by Technology

9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032 by Region

9.1. Introduction / Key Findings

9.2. Historical Market Size (US$ Million) and Volume Analysis by Region, 2017 to 2021

9.3. Current Market Size (US$ Million) and Volume Forecast By Region, 2022 to 2032

9.3.1. North America

9.3.2. Latin America

9.3.3. Western Europe

9.3.4. Eastern Europe

9.3.5. Asia Pacific Excluding Japan

9.3.6. Japan

9.3.7. Middle East & Africa (MEA)

9.4. Market Attractiveness Analysis by Region

10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032

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$ Million) and Volume Analysis by Market Taxonomy, 2017 to 2021

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$ Million) and Volume Forecast By Country, 2022 to 2032

10.5.1. The USA

10.5.2. Canada

10.6. Current Market Size (US$ Million) and Volume Forecast By Product Type, 2022 to 2032

10.6.1. Electric Scooter

10.6.2. Electric Motorcycles

10.6.3. Pedelec

10.7. Current Market Size (US$ Million) and Volume Forecast By Battery Type, 2022 to 2032

10.7.1. Li-ion

10.7.2. NiMH

10.7.3. Lead Based

10.8. Current Market Size (US$ Million) and Volume Forecast By Technology, 2022 to 2032

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 Market Analysis 2017 to 2021 and Forecast 2022 to 2032

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$ Million) and Volume Analysis by Market Taxonomy, 2017 to 2021

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$ Million) and Volume Forecast By Country 2022 to 2032

11.5.1. Brazil

11.5.2. Mexico

11.5.3. Rest of Latin America

11.6. Current Market Size (US$ Million) and Volume Forecast By Product Type, 2022 to 2032

11.6.1. Electric Scooter

11.6.2. Electric Motorcycles

11.6.3. Pedelec

11.7. Current Market Size (US$ Million) and Volume Forecast By Battery Type, 2022 to 2032

11.7.1. Li-ion

11.7.2. NiMH

11.7.3. Lead Based

11.8. Current Market Size (US$ Million) and Volume Forecast By Technology, 2022 to 2032

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 Market Analysis 2017 to 2021 and Forecast 2022 to 2032

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$ Million) and Volume Analysis by Market Taxonomy, 2017 to 2021

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$ Million) and Volume Forecast By Country 2022 to 2032

12.5.1. Germany

12.5.2. Italy

12.5.3. France

12.5.4. The UK

12.5.5. Spain

12.5.6. BENELUX

12.5.7. Rest of Western Europe

12.6. Current Market Size (US$ Million) and Volume Forecast By Product Type, 2022 to 2032

12.6.1. Electric Scooter

12.6.2. Electric Motorcycles

12.6.3. Pedelec

12.7. Current Market Size (US$ Million) and Volume Forecast By Battery Type, 2022 to 2032

12.7.1. Li-ion

12.7.2. NiMH

12.7.3. Lead Based

12.8. Current Market Size (US$ Million) and Volume Forecast By Technology, 2022 to 2032

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 Market Analysis 2017 to 2021 and Forecast 2022 to 2032

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$ Million) and Volume Analysis by Market Taxonomy, 2017 to 2021

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$ Million) and Volume Forecast By Country 2022 to 2032

13.5.1. Russia

13.5.2. Poland

13.5.3. Rest of Eastern Europe

13.6. Current Market Size (US$ Million) and Volume Forecast By Product Type, 2022 to 2032

13.6.1. Electric Scooter

13.6.2. Electric Motorcycles

13.6.3. Pedelec

13.7. Current Market Size (US$ Million) and Volume Forecast By Battery Type, 2022 to 2032

13.7.1. Li-ion

13.7.2. NiMH

13.7.3. Lead Based

13.8. Current Market Size (US$ Million) and Volume Forecast By Technology, 2022 to 2032

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 Market Analysis 2017 to 2021 and Forecast 2022 to 2032

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$ Million) and Volume Analysis by Market Taxonomy, 2017 to 2021

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$ Million) and Volume Forecast By Country 2022 to 2032

14.5.1. China

14.5.2. India

14.5.3. Association of Southeast Asian Nations

14.5.4. Australia and New Zealand

14.5.5. Rest of Asia Pacific Excluding Japan

14.6. Current Market Size (US$ Million) and Volume Forecast By Product Type, 2022 to 2032

14.6.1. Electric Scooter

14.6.2. Electric Motorcycles

14.6.3. Pedelec

14.7. Current Market Size (US$ Million) and Volume Forecast By Battery Type, 2022 to 2032

14.7.1. Li-ion

14.7.2. NiMH

14.7.3. Lead Based

14.8. Current Market Size (US$ Million) and Volume Forecast By Technology, 2022 to 2032

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 Market Analysis 2017 to 2021 and Forecast 2022 to 2032

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$ Million) and Volume Analysis by Market Taxonomy, 2017 to 2021

15.5.1. By Product Type

15.5.2. By Battery Type

15.5.3. By Technology

15.6. Current Market Size (US$ Million) and Volume Forecast by Product Type, 2022 to 2032

15.6.1. Electric Scooter

15.6.2. Electric Motorcycles

15.6.3. Pedelec

15.7. Current Market Size (US$ Million) and Volume Forecast By Battery Type, 2022 to 2032

15.7.1. Li-ion

15.7.2. NiMH

15.7.3. Lead Based

15.8. Current Market Size (US$ Million) and Volume Forecast By Technology, 2022 to 2032

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 Market Analysis 2017 to 2021 and Forecast 2022 to 2032

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$ Million) and Volume Analysis by Market Taxonomy, 2017 to 2021

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$ Million) and Volume Forecast by Country 2022 to 2032

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$ Million) and Volume Forecast by Product Type, 2022 to 2032

16.6.1. Electric Scooter

16.6.2. Electric Motorcycles

16.6.3. Pedelec

16.7. Current Market Size (US$ Million) and Volume Forecast by Battery Type, 2022 to 2032

16.7.1. Li-ion

16.7.2. NiMH

16.7.3. Lead Based

16.8. Current Market Size (US$ Million) and Volume Forecast by Technology, 2022 to 2032

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

18. Research Methodology

List of Tables

Table 1: Global Market Size (US$ Million) and Volume (‘000 Units) Forecast By Product Type, 2017 to 2032

Table 2: Global Market Size (US$ Million) and Volume (‘000 Units) Forecast By Battery Type, 2017 to 2032

Table 3: Global Market Size (US$ Million) and Volume (‘000 Units) Forecast By Technology, 2017 to 2032

Table 4: Global Market Size (US$ Million) and Volume (‘000 Units) Forecast By Region, 2017 to 2032

Table 5: North America Market Size (US$ Million) and Volume (‘000 Units) Forecast By Country, 2017 to 2032

Table 6: North America Market Size (US$ Million) and Volume (‘000 Units) Forecast By Product Type, 2017 to 2032

Table 7: North America Market Size (US$ Million) and Volume (‘000 Units) Forecast By Battery Type, 2017 to 2032

Table 8: North America Market Size (US$ Million) and Volume (‘000 Units) Forecast By Technology, 2017 to 2032

Table 9: Latin America Market Size (US$ Million) and Volume (‘000 Units) Forecast By Country, 2017 to 2032

Table 10: Latin America Market Size (US$ Million) and Volume (‘000 Units) Forecast By Product Type, 2017 to 2032

Table 11: Latin America Market Size (US$ Million) and Volume (‘000 Units) Forecast By Battery Type, 2017 to 2032

Table 12: Latin America Market Size (US$ Million) and Volume (‘000 Units) Forecast By Technology, 2017 to 2032

Table 13: Western Europe Market Size (US$ Million) and Volume (‘000 Units) Forecast By Country, 2017 to 2032

Table 14: Western Europe Market Size (US$ Million) and Volume (‘000 Units) Forecast By Product Type, 2017 to 2032

Table 15: Western Europe Market Size (US$ Million) and Volume (‘000 Units) Forecast By Battery Type, 2017 to 2032

Table 16: Western Europe Market Size (US$ Million) and Volume (‘000 Units) Forecast By Technology, 2017 to 2032

Table 17: Eastern Europe Market Size (US$ Million) and Volume (‘000 Units) Forecast By Country, 2017 to 2032

Table 18: Eastern Europe Market Size (US$ Million) and Volume (‘000 Units) Forecast By Product Type, 2017 to 2032

Table 19: Eastern Europe Market Size (US$ Million) and Volume (‘000 Units) Forecast By Battery Type, 2017 to 2032

Table 20: Eastern Europe Market Size (US$ Million) and Volume (‘000 Units) Forecast By Technology, 2017 to 2032

Table 21: APEJ Market Size (US$ Million) and Volume (‘000 Units) Forecast By Country, 2017 to 2032

Table 22: APEJ Market Size (US$ Million) and Volume (‘000 Units) Forecast By Product Type, 2017 to 2032

Table 23: APEJ Market Size (US$ Million) and Volume (‘000 Units) Forecast By Battery Type, 2017 to 2032

Table 24: APEJ Market Size (US$ Million) and Volume (‘000 Units) Forecast By Technology, 2017 to 2032

Table 25: Japan Market Size (US$ Million) and Volume (‘000 Units) Forecast By Product Type, 2017 to 2032

Table 26: Japan Market Size (US$ Million) and Volume (‘000 Units) Forecast By Battery Type, 2017 to 2032

Table 27: Japan Market Size (US$ Million) and Volume (‘000 Units) Forecast By Technology, 2017 to 2032

Table 28: MEA Market Size (US$ Million) and Volume (‘000 Units) Forecast By Country, 2017 to 2032

Table 29: MEA Market Size (US$ Million) and Volume (‘000 Units) Forecast By Product Type, 2017 to 2032

Table 30: MEA Market Size (US$ Million) and Volume (‘000 Units) Forecast By Battery Type, 2017 to 2032

Table 31: MEA Market Size (US$ Million) and Volume (‘000 Units) Forecast By Technology, 2017 to 2032

Nikhil Kaitwade

Principal Consultant

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List of Charts

Figure 1: Global Market Size (US$ Million) and Volume (‘000 Units) Analysis, 2017 to 2021

Figure 2: Global Current and Future Market Size (US$ Million) and Volume (‘000 Units) Analysis, 2022 to 2032

Figure 3: Global Market Share and BPS Analysis by Product Type 2022 to 2032

Figure 4: Global Market Y-o-Y Growth Projections by Product Type 2017 to 2032

Figure 5: Global Market Attractiveness Analysis by Product Type

Figure 6: Global Market Share and BPS Analysis by Battery Type 2022 to 2032

Figure 7: Global Market Y-o-Y Growth Projections by Battery Type 2017 to 2032

Figure 8: Global Market Attractiveness Analysis by Battery Type

Figure 9: Global Market Share and BPS Analysis by Technology 2022 to 2032

Figure 10: Global Market Y-o-Y Growth Projections by Technology 2017 to 2032

Figure 11: Global Market Attractiveness Analysis by Technology

Figure 12: Global Market Share and BPS Analysis by Region 2022 to 2032

Figure 13: Global Market Y-o-Y Growth Projections by Region 2017 to 2032

Figure 14: Global Market Attractiveness Analysis by Region

Figure 15: North America Market Size and Volume Analysis, 2017 to 2021

Figure 16: North America Market Size and Volume Forecast, 2022 to 2032

Figure 17: North America Market Share and BPS Analysis by Country, 2022 to 2032

Figure 18: North America Market Y-o-Y Growth Projections by Country, 2022 to 2032

Figure 19: North America Market Attractiveness Analysis by Country, 2022 to 2032

Figure 20: North America Market Share and BPS Analysis by Product Type 2022 to 2032

Figure 21: North America Market Y-o-Y Growth Projections by Product Type 2017 to 2032

Figure 22: North America Market Share and BPS Analysis by Battery Type 2022 to 2032

Figure 23: North America Market Y-o-Y Growth Projections by Battery Type 2017 to 2032

Figure 24: North America Market Share and BPS Analysis by Technology 2022 to 2032

Figure 25: North America Market Y-o-Y Growth Projections by Technology 2017 to 2032

Figure 26: Latin America Market Size and Volume Analysis, 2017 to 2021

Figure 27: Latin America Market Size and Volume Forecast, 2022 to 2032

Figure 28: Latin America Market Share and BPS Analysis by Country, 2022 to 2032

Figure 29: Latin America Market Y-o-Y Growth Projections by Country, 2022 to 2032

Figure 30: Latin America Market Attractiveness Analysis by Country, 2022 to 2032

Figure 31: Latin America Market Share and BPS Analysis by Product Type 2022 to 2032

Figure 32: Latin America Market Y-o-Y Growth Projections by Product Type 2017 to 2032

Figure 33: Latin America Market Share and BPS Analysis by Battery Type 2022 to 2032

Figure 34: Latin America Market Y-o-Y Growth Projections by Battery Type 2017 to 2032

Figure 35: Latin America Market Share and BPS Analysis by Technology 2022 to 2032

Figure 36: Latin America Market Y-o-Y Growth Projections by Technology 2017 to 2032

Figure 37: Western Europe Market Size and Volume Analysis, 2017 to 2021

Figure 38: Western Europe Market Size and Volume Forecast, 2022 to 2032

Figure 39: Western Europe Market Share and BPS Analysis by Country, 2022 to 2032

Figure 40: Western Europe Market Y-o-Y Growth Projections by Country, 2022 to 2032

Figure 41: Western Europe Market Attractiveness Analysis by Country, 2022 to 2032

Figure 42: Western Europe Market Share and BPS Analysis by Product Type 2022 to 2032

Figure 43: Western Europe Market Y-o-Y Growth Projections by Product Type 2017 to 2032

Figure 44: Western Europe Market Share and BPS Analysis by Battery Type 2022 to 2032

Figure 45: Western Europe Market Y-o-Y Growth Projections by Battery Type 2017 to 2032

Figure 46: Western Europe Market Share and BPS Analysis by Technology 2022 to 2032

Figure 47: Western Europe Market Y-o-Y Growth Projections by Technology 2017 to 2032

Figure 48: Eastern Europe Market Size and Volume Analysis, 2017 to 2021

Figure 49: Eastern Europe Market Size and Volume Forecast, 2022 to 2032

Figure 50: Eastern Europe Market Share and BPS Analysis by Country, 2022 to 2032

Figure 51: Eastern Europe Market Y-o-Y Growth Projections by Country, 2022 to 2032

Figure 52: Eastern Europe Market Attractiveness Analysis by Country, 2022 to 2032

Figure 53: Eastern Europe Market Share and BPS Analysis by Product Type 2022 to 2032

Figure 54: Eastern Europe Market Y-o-Y Growth Projections by Product Type 2017 to 2032

Figure 55: Eastern Europe Market Share and BPS Analysis by Battery Type 2022 to 2032

Figure 56: Eastern Europe Market Y-o-Y Growth Projections by Battery Type 2017 to 2032

Figure 57: Eastern Europe Market Share and BPS Analysis by Technology 2022 to 2032

Figure 58: Eastern Europe Market Y-o-Y Growth Projections by Technology 2017 to 2032

Figure 59: APEJ Market Size and Volume Analysis, 2017 to 2021

Figure 60: APEJ Market Size and Volume Forecast, 2022 to 2032

Figure 61: APEJ Market Share and BPS Analysis by Country, 2022 to 2032

Figure 62: APEJ Market Y-o-Y Growth Projections by Country, 2022 to 2032

Figure 63: APEJ Market Attractiveness Analysis by Country, 2022 to 2032

Figure 64: APEJ Market Share and BPS Analysis by Product Type 2022 to 2032

Figure 65: APEJ Market Y-o-Y Growth Projections by Product Type 2017 to 2032

Figure 66: APEJ Market Share and BPS Analysis by Battery Type 2022 to 2032

Figure 67: APEJ Market Y-o-Y Growth Projections by Battery Type 2017 to 2032

Figure 68: APEJ Market Share and BPS Analysis by Technology 2022 to 2032

Figure 69: APEJ Market Y-o-Y Growth Projections by Technology 2017 to 2032

Figure 70: Japan Market Size and Volume Analysis, 2017 to 2021

Figure 71: Japan Market Size and Volume Forecast, 2022 to 2032

Figure 72: Japan Market Share and BPS Analysis by Product Type 2022 to 2032

Figure 73: Japan Market Y-o-Y Growth Projections by Product Type 2017 to 2032

Figure 74: Japan Market Share and BPS Analysis by Battery Type 2022 to 2032

Figure 75: Japan Market Y-o-Y Growth Projections by Battery Type 2017 to 2032

Figure 76: Japan Market Share and BPS Analysis by Technology 2022 to 2032

Figure 77: Japan Market Y-o-Y Growth Projections by Technology 2017 to 2032

Figure 78: MEA Market Size and Volume Analysis, 2017 to 2021

Figure 79: MEA Market Size and Volume Forecast, 2022 to 2032

Figure 80: MEA Market Share and BPS Analysis by Country, 2022 to 2032

Figure 81: MEA Market Y-o-Y Growth Projections by Country, 2022 to 2032

Figure 82: MEA Market Attractiveness Analysis by Country, 2022 to 2032

Figure 83: MEA Market Share and BPS Analysis by Product Type 2022 to 2032

Figure 84: MEA Market Y-o-Y Growth Projections by Product Type 2017 to 2032

Figure 85: MEA Market Share and BPS Analysis by Battery Type 2022 to 2032

Figure 86: MEA Market Y-o-Y Growth Projections by Battery Type 2017 to 2032

Figure 87: MEA Market Share and BPS Analysis by Technology 2022 to 2032

Figure 88: MEA Market Y-o-Y Growth Projections by Technology 2017 to 2032