Asia-Pacific E-bike Market Size
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 11.97 Billion |
|
|
Market Size (2029) | USD 14.67 Billion |
|
Largest Share by Propulsion Type | Pedal Assisted |
|
|
CAGR (2024 - 2029) | 4.15 % |
|
Largest Share by Country | China |
|
|
Market Concentration | Low |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in alphabetical order. |
Asia-Pacific E-bike Market Analysis
The Asia-Pacific E-bike Market size is estimated at 11.97 billion USD in 2024, and is expected to reach 14.67 billion USD by 2029, growing at a CAGR of 4.15% during the forecast period (2024-2029).
11.97 Billion
Market Size in 2024 (USD)
14.67 Billion
Market Size in 2029 (USD)
11.32 %
CAGR (2017-2023)
4.15 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
81.17 %
value share, Pedal Assisted, 2023
Most of the countries in the region use pedal-assisted bikes as they are inexpensive, offer good health advantages, can handle much weight with ease, and require little maintenance.
Largest Segment by Application Type
79.36 %
value share, City/Urban, 2023
City/Urban is the largest segment by application type due to the popularity of bicycles as a regular mode of transportation for various purposes, including trips to the market, offices, and schools in the region.
Largest Segment by Battery Type
98.69 %
value share, Lithium-ion Battery, 2023
Lithium batteries are the largest battery type used in Asia-Pacific as they are lightweight, have increased range and quick charging capabilities, and are durable.
Largest Country
90.04 %
value share, China, 2023
The increasing population and higher use of e-bikes for various purposes, such as traveling to schools, offices, and courier deliveries, make China the largest country with e-bike usage in APAC.
Leading Market Player
13.20 %
market share, AIMA technology Group Co. Ltd, 2022
Aima is the largest player in Asia-Pacific as it has a strong customer base in China, which is the largest bicycle market, along with a strong customer reach in other Asian countries.
PROPULSION SEGMENT MARKET OVERVIEW
- Individuals' improved fitness consciousness, greater environmental concern, increased traffic congestion, and government attempts to promote cycling are the key growth factors in this industry. China and Japan are two of the most prominent countries where e-bikes have gained popularity. Some key reasons for consumers adopting and riding e-bikes in Asia-Pacific are health benefits, traffic congestion avoidance, environmental benefits, and rising demand for e-bikes as sports equipment.
- During the COVID-19 pandemic, bicycle demand increased in South Korea. Bicycles are used for transportation and other activities such as sports, exercise, and trekking. The increased public awareness of the health benefits of pedaling is driving demand. Consumers want safer, more comfortable, and ecologically responsible vehicles, which may inspire the associated businesses to develop a range of innovative cycle pedal items. The rise of shared mobility companies has increased the demand for such vehicles for daily travel.
- Rising youth interest in sports like uphill cycling and increased knowledge of the benefits of a healthy and active lifestyle are projected to drive market demand over the coming years. A pedal-assisted bicycle is useful for short distances, but the speed pedelec is expected to be the most convenient option in the future as its power and speed capabilities improve.
Understand The Key Trends Shaping This Market
Download PDF
ASIA-PACIFIC COUNTRY LEVEL MARKET OVERVIEW
- A growing number of cycling events, as well as favorable government and employer initiatives, are likely to drive the industry under consideration. Numerous governing bodies in Asia-Pacific promote road racing, touring and leisure cycling, track racing, off-road racing events, and mountain cycling events, such as The Cycling Federation of India and The Chinese Cycling Association.
- Bicycle sales first fell owing to the nationwide shutdown of offline retailers due to COVID-19 pandemic regulations. However, demand for bicycles has recently grown, with consumers preferring to shun public transit due to fear of getting the virus. As consumers become more health-conscious, bicycles are increasingly viewed as a more trustworthy and healthful method of transportation, which encourages sales. E-bikes, on the other hand, are progressively gaining market share as battery prices fall and client preferences shift. Sales are also expanding at a faster rate, with over 50 companies offering a diverse selection of models. Such variables are expected to have an impact on market growth.
- China and Japan are two of the most prominent countries where e-bikes have gained popularity. Some of the key reasons for adopting and driving e-bikes in Asia-Pacific are health benefits, traffic congestion avoidance, environmental benefits, and rising demand for e-bikes as sports equipment. In recent years, health and environmental quality, as well as the concept of smart cities, have arisen as drivers of bicycles increased. Nonetheless, expansion driven by these factors has been hampered by the cycle-unfriendly environment and infrastructure in most cities.
Asia-Pacific E-bike Market Trends
China's massive adoption rate showcases the vast market potential and cultural integration of e-bikes.
- The Asia-Pacific region is dominating the global e-bike sales, mainly due to the two-wheeler culture in the region, growing government support in the form of tax incentives for EVs, hefty taxes on conventional, fuel-based vehicles, expansion of the e-commerce and food delivery systems, and rapid urbanization. E-bikes also offer a good user experience with additional benefits, such as the non-requirement of driving licenses, insurance, inspections, and parking permits.
- In Asia-Pacific, bike commuting has long been the primary transportation mode in China, Japan, India, and several Southeast Asian countries. The electrification in China and Japan led to the total number of e-bikes reaching 150 million in the region, which is expected to rise in the near future. The pedal-assisted e-bike segment is dominating in the Asia-Pacific region as many countries limit e-bikes in terms of speed and power. Most of these are limited to 250 W motor power and a speed of 25 kmph. The governments in some countries have set regulations for power limits in throttle-assisted electric bikes, resulting in them accounting for a low market share in unit sales.
- The e-bike market, especially for pedal-assist e-bikes in China and Japan, is reaching a saturation point as unit sales growth becomes stagnant. However, Indonesia, India, Singapore, and South Korea are expected to witness significant growth in the near future, driven by many strategic measures taken by domestic two-wheeler and low-speed electric vehicle producers and the government鈥檚 plans for rapid electrification of two-wheelers. The growth in shared e-bike systems in India, Singapore, and Thailand is further supporting the growth of the e-bike market in the region.
Understand The Key Trends Shaping This Market
Download PDF
Varied trends with Japan stable and high, and China and India growing, indicating diverse commuting patterns and infrastructure evolution.
- Asia-Pacific is made up of several countries with a decent bicycle population, including China, India, and Japan. The demand for bicycles has grown recently among the countries in the region. People in Asia-Pacific are using bicycles for short commutes (up to 15 km) or trips to neighboring locations like businesses and workplaces. With 5 to 15 kilometers of travel per day, China has the highest percentage of daily commuters in the Asia-Pacific region.
- Numerous people discovered bicycles to be a secure, isolating means of transportation after the COVID-19 outbreak, which forced the closing of gyms and public transportation in various Asia-Pacific countries. People also decided to exercise during the pandemic by bicycling or going on weekend runs to nearby places, which increased the number of commuters with a daily travel distance of 5 to 15 kilometers in 2021 over 2020 across the region. Consumers who commuted 5 to 15 kilometers were also attracted to the introduction of e-bikes with cutting-edge battery packs that offered an increased range of up to 40 to 45 kilometers.
- The removal of COVID restrictions and the opening of offices and businesses across Asia-Pacific contributed to the growth of bicycle users. Many people regularly commute by bicycle to their workplaces and enterprises within 5 to 15 kilometers. Bicycle commuting is becoming more and more common, largely because it is healthy, carbon-free, fuel-efficient, and saves traffic time in countries like China and Japan. During the forecast period, these factors are anticipated to promote cyclists journeying 5 to 15 km across Asia-Pacific.
Understand The Key Trends Shaping This Market
Download PDF
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Overall, Asia-Pacific's bicycle sales demonstrate significant growth in 2020, with a stable market presence thereafter.
- India and China display a steady decline in inflation, reflecting robust policy measures and market resilience.
- India's initially high prices are approaching the regional average, while China and Japan show a consistent decrease, influencing the regional trend.
- China leads with a significant number of dedicated bicycle lanes, contributing majorly to the region's growth.
- Asia-Pacific varies, with India and China seeing notable reductions, while Japan and South Korea exhibit the sharpest declines.
- The overall trend indicates a strong and growing economy across the region, with rapid development in several countries.
- Dominated by China's substantial market value, the region shows significant growth, with India and the Rest-of-APAC countries contributing increasingly to the market expansion.
- China's massive volume in Hyper-Local Delivery dwarfs other countries, driving the regional trend upwards significantly.
- China stands out as the largest market for bicycle trekkers in Asia-Pacific, with significant growth. India, Japan, South Korea, Australia, and New Zealand also contribute to the region's growth in bicycle trekkers.
- India consistently has the highest traffic congestion, while China shows a steady decrease, and South Korea and Australia maintain moderate levels.
Asia-Pacific E-bike Industry Overview
The Asia-Pacific E-bike Market is fragmented, with the top five companies occupying 36.24%. The major players in this market are AIMA technology Group Co. Ltd, Giant Manufacturing Co., Tianjin Fuji-Ta Bicycle Co. Ltd., Yadea Group Holdings Ltd. and Yamaha Bicycles (sorted alphabetically).
Asia-Pacific E-bike Market Leaders
AIMA technology Group Co. Ltd
Giant Manufacturing Co.
Tianjin Fuji-Ta Bicycle Co. Ltd.
Yadea Group Holdings Ltd.
Yamaha Bicycles
Other important companies include Cannondale Bicycle Corporation, Hero Cycles Limited, Merida Industry Co Ltd, Riese & M眉ller, Trek Bicycle Corporation.
*Disclaimer: Major Players sorted in alphabetical order.
Need More Details on Market Players and Competitors?
Download PDF
Asia-Pacific E-bike Market News
- December 2022: As part of its 2023 national dealership promotion plan, Yadea has joined with New U.S. Partner Recruitment Drive for its Ebike Products. Yadea's Ebike is looking for local agents and distributors in the US as part of its plans for global expansion.
- November 2022: Cannondale announced a new global unified organizational structure that will eliminate regional GM and, the company said, leverage Pon.Bike to enhance operations and growth.
- November 2022: Cannondale enters urban e-mobility market with Compact Neo electric bicycle.
Free with this Report
We offer a comprehensive and complimentary collection of data points on regional and country-level metrics, crucial to understanding the industry's core structure. Our resources include over 120 free charts, providing rare data across various countries. This collection encompasses an analysis of e-bike outlets, distribution channels, and their geographical distribution, examination of average selling prices for different e-bike models across regions, insights into consumer preferences and purchasing patterns, a detailed segmentation of the market, comprehensive insights into market trends and environmental impacts, an overview of key market players, an examination of the regulatory landscape, and projections for the future of the e-bike market.
Asia-Pacific E-bike Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study鈥�
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Bicycle Sales
2.2. GDP Per Capita
2.3. Inflation Rate
2.4. Adoption Rate Of E-Bikes
2.5. Percent Population/Commuters With 5-15 Km Daily Travel Distance
2.6. Bicycle Rental
2.7. E-Bike Battery Price
2.8. Price Chart Of Different Battery Chemistry
2.9. Hyper-Local Delivery
2.10. Dedicated Bicycle Lanes
2.11. Number Of Trekkers
2.12. Battery Charging Capacity
2.13. Traffic Congestion Index
2.14. Regulatory Framework
2.15. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Propulsion Type
3.1.1. Pedal Assisted
3.1.2. Speed Pedelec
3.1.3. Throttle Assisted
3.2. Application Type
3.2.1. Cargo/Utility
3.2.2. City/Urban
3.2.3. Trekking
3.3. Battery Type
3.3.1. Lead Acid Battery
3.3.2. Lithium-ion Battery
3.3.3. Others
3.4. Country
3.4.1. Australia
3.4.2. China
3.4.3. India
3.4.4. Japan
3.4.5. New Zealand
3.4.6. South Korea
3.4.7. Rest-of-APAC
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. AIMA technology Group Co. Ltd
4.4.2. Cannondale Bicycle Corporation
4.4.3. Giant Manufacturing Co.
4.4.4. Hero Cycles Limited
4.4.5. Merida Industry Co Ltd
4.4.6. Riese & M眉ller
4.4.7. Tianjin Fuji-Ta Bicycle Co. Ltd.
4.4.8. Trek Bicycle Corporation
4.4.9. Yadea Group Holdings Ltd.
4.4.10. Yamaha Bicycles
5. KEY STRATEGIC QUESTIONS FOR E BIKES CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter鈥檚 Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- ASIA-PACIFIC E-BIKE MARKET, BICYCLE SALES, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 2:
- ASIA-PACIFIC E-BIKE MARKET, GDP PER CAPITA, VALUE, USD, 2017 - 2029
- Figure 3:
- ASIA-PACIFIC E-BIKE MARKET, INFLATION RATE, VALUE, PERCENT, 2017 - 2029
- Figure 4:
- ASIA-PACIFIC E-BIKE MARKET, ADOPTION RATE, VOLUME, PERCENT, 2017 - 2029
- Figure 5:
- ASIA-PACIFIC E-BIKE MARKET, COMMUTERS WITH 5-15 KM TRAVEL DISTANCE, VOLUME, PERCENT, 2017 - 2029
- Figure 6:
- ASIA-PACIFIC E-BIKE MARKET, BICYCLE RENTAL, VALUE, USD MILLION, 2017 - 2029
- Figure 7:
- ASIA-PACIFIC E-BIKE MARKET, E-BIKE BATTERY PRICE, VALUE, USD, 2017 - 2029
- Figure 8:
- ASIA-PACIFIC E-BIKE MARKET, PRICE CHART OF DIFFERENT BATTERY CHEMISTRY, VALUE, USD, 2017 - 2029
- Figure 9:
- ASIA-PACIFIC E-BIKE MARKET, HYPER-LOCAL DELIVERY, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 10:
- ASIA-PACIFIC E-BIKE MARKET, DEDICATED BICYCLE LANES, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 11:
- ASIA-PACIFIC E-BIKE MARKET, NUMBER OF TREKKERS, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 12:
- ASIA-PACIFIC E-BIKE MARKET, BATTERY CHARGING CAPACITY, VOLUME, UNITS, 2017 - 2029
- Figure 13:
- ASIA-PACIFIC E-BIKE MARKET, TRAFFIC CONGESTION INDEX, VOLUME, PERCENT, 2017 - 2022
- Figure 14:
- ASIA-PACIFIC E-BIKE MARKET, VOLUME, UNITS, 2017 - 2029
- Figure 15:
- ASIA-PACIFIC E-BIKE MARKET, VALUE, USD MILLION, 2017 - 2029
- Figure 16:
- ASIA-PACIFIC E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 17:
- ASIA-PACIFIC E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 18:
- ASIA-PACIFIC E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 19:
- ASIA-PACIFIC E-BIKE MARKET, BY PROPULSION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 20:
- ASIA-PACIFIC E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 21:
- ASIA-PACIFIC E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 22:
- ASIA-PACIFIC E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 23:
- ASIA-PACIFIC E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 24:
- ASIA-PACIFIC E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 25:
- ASIA-PACIFIC E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 26:
- ASIA-PACIFIC E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 27:
- ASIA-PACIFIC E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 28:
- ASIA-PACIFIC E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 29:
- ASIA-PACIFIC E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 30:
- ASIA-PACIFIC E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 31:
- ASIA-PACIFIC E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 32:
- ASIA-PACIFIC E-BIKE MARKET, BY APPLICATION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 33:
- ASIA-PACIFIC E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 34:
- ASIA-PACIFIC E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 35:
- ASIA-PACIFIC E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 36:
- ASIA-PACIFIC E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 37:
- ASIA-PACIFIC E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 38:
- ASIA-PACIFIC E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 39:
- ASIA-PACIFIC E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 40:
- ASIA-PACIFIC E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 41:
- ASIA-PACIFIC E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 42:
- ASIA-PACIFIC E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 43:
- ASIA-PACIFIC E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 44:
- ASIA-PACIFIC E-BIKE MARKET, BY BATTERY TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 45:
- ASIA-PACIFIC E-BIKE MARKET, BY BATTERY TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 46:
- ASIA-PACIFIC E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 47:
- ASIA-PACIFIC E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 48:
- ASIA-PACIFIC E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 49:
- ASIA-PACIFIC E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 50:
- ASIA-PACIFIC E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 51:
- ASIA-PACIFIC E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 52:
- ASIA-PACIFIC E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 53:
- ASIA-PACIFIC E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 54:
- ASIA-PACIFIC E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 55:
- ASIA-PACIFIC E-BIKE MARKET, ALL , VOLUME, UNITS, 2017 - 2029
- Figure 56:
- ASIA-PACIFIC E-BIKE MARKET, ALL , VALUE, USD, 2017 - 2029
- Figure 57:
- ASIA-PACIFIC E-BIKE MARKET, ALL , VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 58:
- ASIA-PACIFIC E-BIKE MARKET, ALL , VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 59:
- ASIA-PACIFIC E-BIKE MARKET, AUSTRALIA , VOLUME, UNITS, 2017 - 2029
- Figure 60:
- ASIA-PACIFIC E-BIKE MARKET, AUSTRALIA , VALUE, USD, 2017 - 2029
- Figure 61:
- ASIA-PACIFIC E-BIKE MARKET, AUSTRALIA , VALUE SHARE (%), 2022 VS 2029
- Figure 62:
- ASIA-PACIFIC E-BIKE MARKET, CHINA , VOLUME, UNITS, 2017 - 2029
- Figure 63:
- ASIA-PACIFIC E-BIKE MARKET, CHINA , VALUE, USD, 2017 - 2029
- Figure 64:
- ASIA-PACIFIC E-BIKE MARKET, CHINA , VALUE SHARE (%), 2022 VS 2029
- Figure 65:
- ASIA-PACIFIC E-BIKE MARKET, INDIA , VOLUME, UNITS, 2017 - 2029
- Figure 66:
- ASIA-PACIFIC E-BIKE MARKET, INDIA , VALUE, USD, 2017 - 2029
- Figure 67:
- ASIA-PACIFIC E-BIKE MARKET, INDIA , VALUE SHARE (%), 2022 VS 2029
- Figure 68:
- ASIA-PACIFIC E-BIKE MARKET, JAPAN , VOLUME, UNITS, 2017 - 2029
- Figure 69:
- ASIA-PACIFIC E-BIKE MARKET, JAPAN , VALUE, USD, 2017 - 2029
- Figure 70:
- ASIA-PACIFIC E-BIKE MARKET, JAPAN , VALUE SHARE (%), 2022 VS 2029
- Figure 71:
- ASIA-PACIFIC E-BIKE MARKET, NEW ZEALAND , VOLUME, UNITS, 2017 - 2029
- Figure 72:
- ASIA-PACIFIC E-BIKE MARKET, NEW ZEALAND , VALUE, USD, 2017 - 2029
- Figure 73:
- ASIA-PACIFIC E-BIKE MARKET, NEW ZEALAND , VALUE SHARE (%), 2022 VS 2029
- Figure 74:
- ASIA-PACIFIC E-BIKE MARKET, SOUTH KOREA , VOLUME, UNITS, 2017 - 2029
- Figure 75:
- ASIA-PACIFIC E-BIKE MARKET, SOUTH KOREA , VALUE, USD, 2017 - 2029
- Figure 76:
- ASIA-PACIFIC E-BIKE MARKET, SOUTH KOREA , VALUE SHARE (%), 2022 VS 2029
- Figure 77:
- ASIA-PACIFIC E-BIKE MARKET, REST-OF-APAC , VOLUME, UNITS, 2017 - 2029
- Figure 78:
- ASIA-PACIFIC E-BIKE MARKET, REST-OF-APAC , VALUE, USD, 2017 - 2029
- Figure 79:
- ASIA-PACIFIC E-BIKE MARKET, REST-OF-APAC , VALUE SHARE (%), 2022 VS 2029
- Figure 80:
- ASIA-PACIFIC E-BIKE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 81:
- ASIA-PACIFIC E-BIKE MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 82:
- ASIA-PACIFIC E-BIKE MARKET SHARE(%), BY MAJOR PLAYERS, 2022
Asia-Pacific E-bike Industry Segmentation
Pedal Assisted, Speed Pedelec, Throttle Assisted are covered as segments by Propulsion Type. Cargo/Utility, City/Urban, Trekking are covered as segments by Application Type. Lead Acid Battery, Lithium-ion Battery, Others are covered as segments by Battery Type. Australia, China, India, Japan, New Zealand, South Korea, Rest-of-APAC are covered as segments by Country.
- Individuals' improved fitness consciousness, greater environmental concern, increased traffic congestion, and government attempts to promote cycling are the key growth factors in this industry. China and Japan are two of the most prominent countries where e-bikes have gained popularity. Some key reasons for consumers adopting and riding e-bikes in Asia-Pacific are health benefits, traffic congestion avoidance, environmental benefits, and rising demand for e-bikes as sports equipment.
- During the COVID-19 pandemic, bicycle demand increased in South Korea. Bicycles are used for transportation and other activities such as sports, exercise, and trekking. The increased public awareness of the health benefits of pedaling is driving demand. Consumers want safer, more comfortable, and ecologically responsible vehicles, which may inspire the associated businesses to develop a range of innovative cycle pedal items. The rise of shared mobility companies has increased the demand for such vehicles for daily travel.
- Rising youth interest in sports like uphill cycling and increased knowledge of the benefits of a healthy and active lifestyle are projected to drive market demand over the coming years. A pedal-assisted bicycle is useful for short distances, but the speed pedelec is expected to be the most convenient option in the future as its power and speed capabilities improve.
| Propulsion Type | |
| Pedal Assisted | |
| Speed Pedelec | |
| Throttle Assisted |
| Application Type | |
| Cargo/Utility | |
| City/Urban | |
| Trekking |
| Battery Type | |
| Lead Acid Battery | |
| Lithium-ion Battery | |
| Others |
| Country | |
| Australia | |
| China | |
| India | |
| Japan | |
| New Zealand | |
| South Korea | |
| Rest-of-APAC |
Need A Different Region Or Segment?
Customize Now
Market Definition
- By Application Type - E-bikes considered under this segment include city/urban, trekking, and cargo/utility e-bikes. The common types of e-bikes under these three categories include off-road/hybrid, kids, ladies/gents, cross, MTB, folding, fat tire, and sports e-bike.
- By Battery Type - This segment includes lithium-ion batteries, lead-acid batteries, and other battery types. The other battery type category includes nickel-metal hydroxide (NiMH), silicon, and lithium-polymer batteries.
- By Propulsion Type - E-bikes considered under this segment include pedal-assisted e-bikes, throttle-assisted e-bikes, and speed pedelec. While the speed limit of pedal and throttle-assisted e-bikes is usually 25 km/h, the speed limit of speed pedelec is generally 45 km/h (28 mph).
| Keyword | Definition |
|---|---|
| Pedal Assisted | Pedal-assist or pedelec category refers to the electric bikes that provide limited power assistance through torque-assist system and do not have throttle for varying the speed. The power from the motor gets activated upon pedaling in these bikes and reduces human efforts. |
| Throttle Assisted | Throttle-based e-bikes are equipped with the throttle assistance grip, installed on the handlebar, similarly to motorbikes. The speed can be controlled by twisting the throttle directly without the need to pedal. The throttle response directly provides power to the motor installed in the bicycles and speeds up the vehicle without paddling. |
| Speed Pedelec | Speed pedelec is e-bikes similar to pedal-assist e-bikes as they do not have throttle functionality. However, these e-bikes are integrated with an electric motor which delivers power of approximately 500 W and more. The speed limit of such e-bikes is generally 45 km/h (28 mph) in most of the countries. |
| City/Urban | The city or urban e-bikes are designed with daily commuting standards and functions to be operated within the city and urban areas. The bicycles include various features and specifications such as comfortable seats, sit upright riding posture, tires for easy grip and comfortable ride, etc. |
| Trekking | Trekking and mountain bikes are special types of e-bikes that are designed for special purposes considering the robust and rough usage of the vehicles. These bicycles include a strong frame, and wide tires for better and advanced grip and are also equipped with various gear mechanisms which can be used while riding in different terrains, rough grounded, and tough mountainous roads. |
| Cargo/Utility | The e-cargo or utility e-bikes are designed to carry various types of cargo and packages for shorter distances such as within urban areas. These bikes are usually owned by local businesses and delivery partners to deliver packages and parcels at very low operational costs. |
| Lithium-ion Battery | A Li-ion battery is a rechargeable battery, which uses lithium and carbon as its constituent materials. The Li-Ion batteries have a higher density and lesser weight than sealed lead acid batteries and provide the rider with more range per charge than other types of batteries. |
| Lead Acid Battery | A lead acid battery refers to sealed lead acid battery having a very low energy-to-weight and energy-to-volume ratio. The battery can produce high surge currents, owing to its relatively high power-to-weight ratio as compared to other rechargeable batteries. |
| Other Batteries | This includes electric bikes using nickel鈥搈etal hydroxide (NiMH), silicon, and lithium-polymer batteries. |
| Business-to-Business (B2B) | The sales of e-bikes to business customers such as urban fleet and logistics company, rental/sharing operators, last-mile fleet operators, and corporate fleet operators are considered under this category. |
| Business-to-Customers (B2C) | The sales of electric scooters and motorcycles to direct consumers is considered under this category. The consumers acquire these vehicles either directly from manufacturers or from other distributers and dealers through online and offline channel. |
| Unorganized Local OEMs | These players are small local manufacturers and assemblers of e-bikes. Most of these manufacturers import the components from China and Taiwan and assemble them locally. They offer the product at low cost in this price sensitive market which give them advantage over organized manufacturers. |
| Battery-as-a-Service | A business model in which the battery of an EV can be rented from a service provider or swapped with another battery when it runs out of charge |
| Dockless e-Bikes | Electric bikes that have self-locking mechanisms and a GPS tracking facility with an average top speed of around 15mph. These are mainly used by bike-sharing companies such as Bird, Lime, and Spin. |
| Electric Vehicle | A vehicle which uses one or more electric motors for propulsion. Includes cars, scooters, buses, trucks, motorcycles, and boats. This term includes all-electric vehicles and hybrid electric vehicles |
| Plug-in EV | An electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids. In this report we use the term for all-electric vehicles to differentiate them from plug-in hybrid electric vehicles. |
| Lithium-Sulphur Battery | A rechargeable battery that replaces the liquid or polymer electrolyte found in current lithium-ion batteries with sulfur. They have more capacity than Li-ion batteries. |
| Micromobility | Micromobility is one of the many modes of transport involving very-light-duty vehicles to travel short distances. These means of transportation include bikes, e-scooters, e-bikes, mopeds, and scooters. Such vehicles are used on a sharing basis for covering short distances, usually five miles or less. |
| Low Speed Electric Vehicls (LSEVs) | They are low speed (usually less than 25 kmph) light vehicles that do not have an internal combustion engine, and solely use electric energy for propulsion. |
Need More Details on Market Definition?
Ask a Question
Research Methodology
糖心vlog传媒 follows a four-step methodology in all its reports.
- Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and聽forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the volume demand with volume-weighted average battery pack price (per kWh). Battery pack price estimation and forecast takes into account various factors affecting ASP, such as inflation rates, market demand shifts, production costs, technological developments, and consumer preferences, providing estimations for both historical data and future trends.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
Get More Details On Research Methodology
Download PDF
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
