The Asia Pacific e-bikes market is expected to grow at a CAGR of around 5.5% during 2024-2033. This report on Asia Pacific e-bikes market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the Asia Pacific e-bikes market by segmenting the market based on motor type, mode, battery type, class, design, application, and country and region. Also, detailed profiles of companies operating in the data center colocation market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
With the urgent need to reduce carbon emissions and combat climate change, there is growing interest in sustainable transportation options. E-bikes are a low-carbon alternative to cars and public transportation, making them an attractive option for eco-conscious consumers. Hence, growing environmental concerns are one of the major drivers of the e-bike market. Further, rising technological advancements is another major driver of the e-bike market. Advances in e-bike technology have made them more efficient, convenient, and user-friendly, which has helped to increase their popularity among consumers. One of the most significant technological advancements in e-bikes is the development of more powerful and efficient motors.
Market Restraints
High cost is another challenge that is restricting the growth of the e-bike market. E-bikes are typically more expensive than traditional bicycles due to the cost of the electric components, such as the motor, battery, and controller. This higher price point can make e-bikes inaccessible to some consumers who cannot afford the cost. In addition, e-bikes rely on a battery to power the motor and controller, and the lifespan of the battery can vary depending on the quality and type of the battery, as well as the usage patterns of the rider. The limited range of e-bikes can make them less attractive to consumers who need to travel longer distances or use their e-bike for extended periods of time. This can limit the potential for e-bikes as a primary mode of transportation, particularly for commuters who may need to travel longer distances to work or other destinations.
Market Opportunities
Government support is another major driver of the e-bike market. As policymakers around the Asia Pacific region seek to reduce carbon emissions and combat air pollution, many are recognizing the potential of e-bikes as a sustainable transportation option. Governments have implemented a range of policies and incentives to encourage the adoption of e-bikes. Some cities and regions have developed infrastructure specifically designed for e-bikes, such as bike lanes and dedicated parking facilities. Additionally, E-bikes are becoming increasingly popular with tourists who want to explore new destinations and experience the outdoors in a more sustainable way. E-bikes are an attractive option for tourists because they allow them to cover more ground and see more sights than they would be able to on foot or on a traditional bicycle. E-bikes can be used to traverse hills and other challenging terrain with ease, making them ideal for exploring mountainous regions and other natural areas. Hence the with the growing tourism industry the marker is expected to flourish over the coming years.
Recent Industry Development
- In Dec 2022, Yadea joined with New U.S. Partner Recruitment Drive for its Ebike Products as part of its 2023 national dealership promotion plan. Yadea’s Ebike is looking for local agents and distributors in the US as part of its plans for global expansion.
- In Nov 2022, Cannondale enters urban e-mobility market with Compact Neo electric bicycle.
Asia Pacific E-bike Market Report Highlights:
- The hub motor segment dominated the Asia Pacific electric toothbrush market by motor with 85.0% in 2023. A hub motor e-bike is an electric bicycle that uses a motor positioned on the front or rear wheel to assist with pedaling.
- Based on mode, throttle dominated segment held the largest market share of 82.0% in 2023 and is anticipated to dominate the market over the forecast period. The demand for throttle-controlled e-bikes in the region is growing as they offer a viable mode of transportation, especially for short excursions and are seen to be great for running errands or commuting to work.
- Based on battery type, lead acid dominated segment held the largest market share of 75.8% in 2023 and is anticipated to dominate the market over the forecast period.
- Based on class, class II dominated segment held the largest market share of 71.3% in 2023 and is anticipated to dominate the market over the forecast period. Class II e-bikes are a type of electric bicycle that falls under the category of throttle-assist e-bikes. They are designed to provide electric assistance to the rider with the use of a throttle, which allows the rider to control the level of assistance provided by the motor.
- Based on design, non-foldable dominated segment held the largest market share of 94.3% in 2023 and is anticipated to dominate the market over the forecast period. High usage of bicycles by students for daily commuting and benefits such as time-saving and cheap maintenance are the factors responsible for the growth of city/urban non-foldable e-bikes.
- Based on application, city/urban dominated segment held the largest market share of 53.1% in 2023 and is anticipated to dominate the market over the forecast period. In line with this, e-bikes are gaining traction in cities on the backdrop of its cost-effective alternative to owning and maintaining a car or relying on public transportation.
- China generated the highest revenue estimating around 86.6% of the total market. China is the largest e-bikes market in Asia Pacific, as well as at the global level. China is the largest manufacturer and consumer of e-bikes. The market drivers for vast Chinese e-bikes market include urbanization, government policies, technological advancements, etc.
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Report’s Unit: US$
Asia Pacific E-Bikes Market Segmentation
Market by Motor Type
- Retail Colocation
- Wholesale Colocation
Market by Mode
- Hub Motor
- Mid Drive
- Others
Market by Battery Type
- Throttle
- Pedal Assist
Market by Class
- Class I
- Class II
- Class III
Market by Design
- Non-Foldable
- Foldable
Market by Application
- City/Urban
- Mountain/Trekking Bikes
- Cruise
- Racing
- Cargo
- Others
Market by Country
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Vietnam
- Thailand
- Philippines
- Malaysia
- Others
List of Mentioned Companies
- Accell Group B.V.
- AIMA TECHNOLOGY CO., LTD
- Giant Bicycles
- Jiangsu Xinri E-vehicle Co., Ltd
- Yamaha Motor Company
- Pedego Electric Bikes
- Specialized Bicycle Components, Inc.
- Trek Bicycle Corporation
Report Coverage
| Report Feature | Details |
| Base Year | 2023 |
| Historical Period | 2019-2022 |
| Forecast Period | 2024-2033 |
| Units | US$ Million |
| Segments Covered | Motor Type, Mode, Battery Type, Class, Design, Application, Country |
| Countries Covered | China, Japan, India, Australia, South Korea, Indonesia, Vietnam, Thailand, Philippines, Malaysia, Others |
| Companies Covered | Accell Group B.V., AIMA TECHNOLOGY CO., LTD, Giant Bicycles, Jiangsu Xinri E-vehicle Co., Ltd, Yamaha Motor Company, Pedego Electric Bikes, Specialized Bicycle Components, Inc., Trek Bicycle Corporation |
| Purchase Options | Single User License: US$ 2,999 Five User License: US$ 3,499 Corporate License: US$ 4,499 |
Research Methodology
During the course of the research study, we conducted extensive primary and secondary research. The research commenced with extensive exploration through secondary sources followed by primary research. With these research methods, we were able to estimate the market size, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market.
Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get during the forecast period. Apart from these approaches, various analytical and statistical approaches were also used during data extraction cleaning, and analysis.
Post-secondary & primary research, we conducted expert interviews to validate all the information we collected during the course of the study. So, a blend of these three-way approaches helped us in data triangulation and to provide an accurate market scenario in our report.
Key Questions Answered in the Report
- What will be the Asia Pacific e-bikes market size and the growth rate in the coming year?
- What are the main key factors driving the market?
- What are the key market trends impacting the growth of the market?
- What are the market opportunities and threats in the market?
- What industrial trends, drivers, and challenges are manipulating its growth?
- Which are trending factors influencing the market shares of the top countries across the Asia Pacific?
- Who are the key market players in the industry?
- What is the impact of Covid19 on the current industry?
1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
2.1. Europe Market in 2023
2.2. Impact of COVID-19
2.3. Growth Opportunities and Challenges
2.4. Key Industry Trends
3. Asia Pacific E-Bikes Market Dynamics
3.1. Introduction
3.2. Market DROs
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Industry Trends
3.4. SWOT Analysis
3.5. Market Value Chain Analysis
3.6. Porter’s Five Forces Analysis
3.7. PESTLE Analysis
3.8. Key Price Indicators
3.9. Ansoff Matrix
3.10. Government Laws and Industry Regulations
4. Asia Pacific E-Bikes Market Analysis
4.1. Market Portraiture
4.2. Market Size (US$ Million, 2019-2023)
4.3. Market Forecast (US$ Million, 2024-2033)
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. Asia Pacific E-Bikes Market by Motor Type (US$ Million, 2019-2033)
5.1. Introduction
5.2. Hub Motor
5.3. Mid Drive
5.4. Others
5.5. Key Segment Investment Opportunity
6. Asia Pacific E-Bikes Market by Mode (US$ Million, 2019-2033)
6.1. Introduction
6.2. Throttle
6.3. Pedal Assist
6.4. Key Segment Investment Opportunity
7. Asia Pacific E-Bikes Market by Battery Type (US$ Million, 2019-2033)
7.1. Introduction
7.2. Lead Acid
7.3. Lithium Ion
7.4. Others
7.5. Key Segment Investment Opportunity
8. Asia Pacific E-Bikes Market by Class (US$ Million, 2019-2033)
8.1. Introduction
8.2. Class I
8.3. Class II
8.4. Class III
8.5. Key Segment Investment Opportunity
9. Asia Pacific E-Bikes Market by Design (US$ Million, 2019-2033)
9.1. Introduction
9.2. Non-Foldable
9.3. Foldable
9.4. Key Segment Investment Opportunity
10. Asia Pacific E-Bikes Market by Application (US$ Million, 2019-2033)
10.1. Introduction
10.2. City/Urban
10.3. Mountain/Trekking Bikes
10.4. Cruise
10.5. Racing
10.6. Cargo
10.7. Others
10.8. Key Segment Investment Opportunity
11. Asia Pacific E-Bikes Country (US$ Million, 2019-2033)
11.1. Introduction
11.2. Key Drivers and Takeaways
11.3. China
11.4. Japan
11.5. India
11.6. Australia
11.7. South Korea
11.8. Indonesia
11.9. Vietnam
11.10. Thailand
11.11. Philippines
11.12. Malaysia
11.13. Others
12. Competitive Landscape
12.1. Competitive Dashboard
12.2. Key Industry Strategies Analysis
12.3. Recent Developments
12.4. Market Scenario
13. Company Profiles
13.1. Accell Group B.V.
13.2. AIMA TECHNOLOGY CO., LTD
13.3. Giant Bicycles
13.4. Jiangsu Xinri E-vehicle Co., Ltd
13.5. Yamaha Motor Company
13.6. Pedego Electric Bikes
13.7. Specialized Bicycle Components, Inc.
13.8. Trek Bicycle Corporation.
- Description
-
The Asia Pacific e-bikes market is expected to grow at a CAGR of around 5.5% during 2024-2033. This report on Asia Pacific e-bikes market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the Asia Pacific e-bikes market by segmenting the market based on motor type, mode, battery type, class, design, application, and country and region. Also, detailed profiles of companies operating in the data center colocation market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
With the urgent need to reduce carbon emissions and combat climate change, there is growing interest in sustainable transportation options. E-bikes are a low-carbon alternative to cars and public transportation, making them an attractive option for eco-conscious consumers. Hence, growing environmental concerns are one of the major drivers of the e-bike market. Further, rising technological advancements is another major driver of the e-bike market. Advances in e-bike technology have made them more efficient, convenient, and user-friendly, which has helped to increase their popularity among consumers. One of the most significant technological advancements in e-bikes is the development of more powerful and efficient motors.
Market Restraints
High cost is another challenge that is restricting the growth of the e-bike market. E-bikes are typically more expensive than traditional bicycles due to the cost of the electric components, such as the motor, battery, and controller. This higher price point can make e-bikes inaccessible to some consumers who cannot afford the cost. In addition, e-bikes rely on a battery to power the motor and controller, and the lifespan of the battery can vary depending on the quality and type of the battery, as well as the usage patterns of the rider. The limited range of e-bikes can make them less attractive to consumers who need to travel longer distances or use their e-bike for extended periods of time. This can limit the potential for e-bikes as a primary mode of transportation, particularly for commuters who may need to travel longer distances to work or other destinations.
Market Opportunities
Government support is another major driver of the e-bike market. As policymakers around the Asia Pacific region seek to reduce carbon emissions and combat air pollution, many are recognizing the potential of e-bikes as a sustainable transportation option. Governments have implemented a range of policies and incentives to encourage the adoption of e-bikes. Some cities and regions have developed infrastructure specifically designed for e-bikes, such as bike lanes and dedicated parking facilities. Additionally, E-bikes are becoming increasingly popular with tourists who want to explore new destinations and experience the outdoors in a more sustainable way. E-bikes are an attractive option for tourists because they allow them to cover more ground and see more sights than they would be able to on foot or on a traditional bicycle. E-bikes can be used to traverse hills and other challenging terrain with ease, making them ideal for exploring mountainous regions and other natural areas. Hence the with the growing tourism industry the marker is expected to flourish over the coming years.
Recent Industry Development
- In Dec 2022, Yadea joined with New U.S. Partner Recruitment Drive for its Ebike Products as part of its 2023 national dealership promotion plan. Yadea’s Ebike is looking for local agents and distributors in the US as part of its plans for global expansion.
- In Nov 2022, Cannondale enters urban e-mobility market with Compact Neo electric bicycle.
Asia Pacific E-bike Market Report Highlights:
- The hub motor segment dominated the Asia Pacific electric toothbrush market by motor with 85.0% in 2023. A hub motor e-bike is an electric bicycle that uses a motor positioned on the front or rear wheel to assist with pedaling.
- Based on mode, throttle dominated segment held the largest market share of 82.0% in 2023 and is anticipated to dominate the market over the forecast period. The demand for throttle-controlled e-bikes in the region is growing as they offer a viable mode of transportation, especially for short excursions and are seen to be great for running errands or commuting to work.
- Based on battery type, lead acid dominated segment held the largest market share of 75.8% in 2023 and is anticipated to dominate the market over the forecast period.
- Based on class, class II dominated segment held the largest market share of 71.3% in 2023 and is anticipated to dominate the market over the forecast period. Class II e-bikes are a type of electric bicycle that falls under the category of throttle-assist e-bikes. They are designed to provide electric assistance to the rider with the use of a throttle, which allows the rider to control the level of assistance provided by the motor.
- Based on design, non-foldable dominated segment held the largest market share of 94.3% in 2023 and is anticipated to dominate the market over the forecast period. High usage of bicycles by students for daily commuting and benefits such as time-saving and cheap maintenance are the factors responsible for the growth of city/urban non-foldable e-bikes.
- Based on application, city/urban dominated segment held the largest market share of 53.1% in 2023 and is anticipated to dominate the market over the forecast period. In line with this, e-bikes are gaining traction in cities on the backdrop of its cost-effective alternative to owning and maintaining a car or relying on public transportation.
- China generated the highest revenue estimating around 86.6% of the total market. China is the largest e-bikes market in Asia Pacific, as well as at the global level. China is the largest manufacturer and consumer of e-bikes. The market drivers for vast Chinese e-bikes market include urbanization, government policies, technological advancements, etc.
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Report’s Unit: US$
Asia Pacific E-Bikes Market Segmentation
Market by Motor Type
- Retail Colocation
- Wholesale Colocation
Market by Mode
- Hub Motor
- Mid Drive
- Others
Market by Battery Type
- Throttle
- Pedal Assist
Market by Class
- Class I
- Class II
- Class III
Market by Design
- Non-Foldable
- Foldable
Market by Application
- City/Urban
- Mountain/Trekking Bikes
- Cruise
- Racing
- Cargo
- Others
Market by Country
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Vietnam
- Thailand
- Philippines
- Malaysia
- Others
List of Mentioned Companies
- Accell Group B.V.
- AIMA TECHNOLOGY CO., LTD
- Giant Bicycles
- Jiangsu Xinri E-vehicle Co., Ltd
- Yamaha Motor Company
- Pedego Electric Bikes
- Specialized Bicycle Components, Inc.
- Trek Bicycle Corporation
Report Coverage
Report Feature Details Base Year 2023 Historical Period 2019-2022 Forecast Period 2024-2033 Units US$ Million Segments Covered Motor Type, Mode, Battery Type, Class, Design, Application, Country Countries Covered China, Japan, India, Australia, South Korea, Indonesia, Vietnam, Thailand, Philippines, Malaysia, Others Companies Covered Accell Group B.V., AIMA TECHNOLOGY CO., LTD, Giant Bicycles, Jiangsu Xinri E-vehicle Co., Ltd, Yamaha Motor Company, Pedego Electric Bikes, Specialized Bicycle Components, Inc., Trek Bicycle Corporation Purchase Options Single User License: US$ 2,999
Five User License: US$ 3,499
Corporate License: US$ 4,499Research Methodology
During the course of the research study, we conducted extensive primary and secondary research. The research commenced with extensive exploration through secondary sources followed by primary research. With these research methods, we were able to estimate the market size, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market.
Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get during the forecast period. Apart from these approaches, various analytical and statistical approaches were also used during data extraction cleaning, and analysis.
Post-secondary & primary research, we conducted expert interviews to validate all the information we collected during the course of the study. So, a blend of these three-way approaches helped us in data triangulation and to provide an accurate market scenario in our report.Key Questions Answered in the Report
- What will be the Asia Pacific e-bikes market size and the growth rate in the coming year?
- What are the main key factors driving the market?
- What are the key market trends impacting the growth of the market?
- What are the market opportunities and threats in the market?
- What industrial trends, drivers, and challenges are manipulating its growth?
- Which are trending factors influencing the market shares of the top countries across the Asia Pacific?
- Who are the key market players in the industry?
- What is the impact of Covid19 on the current industry?
- Table of Contents
-
1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
2.1. Europe Market in 2023
2.2. Impact of COVID-19
2.3. Growth Opportunities and Challenges
2.4. Key Industry Trends
3. Asia Pacific E-Bikes Market Dynamics
3.1. Introduction
3.2. Market DROs
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Industry Trends
3.4. SWOT Analysis
3.5. Market Value Chain Analysis
3.6. Porter’s Five Forces Analysis
3.7. PESTLE Analysis
3.8. Key Price Indicators
3.9. Ansoff Matrix
3.10. Government Laws and Industry Regulations
4. Asia Pacific E-Bikes Market Analysis
4.1. Market Portraiture
4.2. Market Size (US$ Million, 2019-2023)
4.3. Market Forecast (US$ Million, 2024-2033)
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. Asia Pacific E-Bikes Market by Motor Type (US$ Million, 2019-2033)
5.1. Introduction
5.2. Hub Motor
5.3. Mid Drive
5.4. Others
5.5. Key Segment Investment Opportunity
6. Asia Pacific E-Bikes Market by Mode (US$ Million, 2019-2033)
6.1. Introduction
6.2. Throttle
6.3. Pedal Assist
6.4. Key Segment Investment Opportunity
7. Asia Pacific E-Bikes Market by Battery Type (US$ Million, 2019-2033)
7.1. Introduction
7.2. Lead Acid
7.3. Lithium Ion
7.4. Others
7.5. Key Segment Investment Opportunity
8. Asia Pacific E-Bikes Market by Class (US$ Million, 2019-2033)
8.1. Introduction
8.2. Class I
8.3. Class II
8.4. Class III
8.5. Key Segment Investment Opportunity
9. Asia Pacific E-Bikes Market by Design (US$ Million, 2019-2033)
9.1. Introduction
9.2. Non-Foldable
9.3. Foldable
9.4. Key Segment Investment Opportunity
10. Asia Pacific E-Bikes Market by Application (US$ Million, 2019-2033)
10.1. Introduction
10.2. City/Urban
10.3. Mountain/Trekking Bikes
10.4. Cruise
10.5. Racing
10.6. Cargo
10.7. Others
10.8. Key Segment Investment Opportunity
11. Asia Pacific E-Bikes Country (US$ Million, 2019-2033)
11.1. Introduction
11.2. Key Drivers and Takeaways
11.3. China
11.4. Japan
11.5. India
11.6. Australia
11.7. South Korea
11.8. Indonesia
11.9. Vietnam
11.10. Thailand
11.11. Philippines
11.12. Malaysia
11.13. Others
12. Competitive Landscape
12.1. Competitive Dashboard
12.2. Key Industry Strategies Analysis
12.3. Recent Developments
12.4. Market Scenario
13. Company Profiles
13.1. Accell Group B.V.
13.2. AIMA TECHNOLOGY CO., LTD
13.3. Giant Bicycles
13.4. Jiangsu Xinri E-vehicle Co., Ltd
13.5. Yamaha Motor Company
13.6. Pedego Electric Bikes
13.7. Specialized Bicycle Components, Inc.
13.8. Trek Bicycle Corporation.