Last edited 22 Jun 2021

E-bike market projections to 2027


[edit] Introduction

The global electric bike (e-bike) market is set to gain impetus from the rising trend of bike-sharing as a mode of transportation.

[edit] COVID-19 impact on e-bike designs

In 2020, the COVID-19 pandemic disrupted the supply chain of companies that used to purchase vital components (such as lithium and cobalt) from China. Hence, several companies tried to reduce their dependence on one country. Some have also looked to change the designs of the vehicles.

The pandemic also decreased the demand for the product.

[edit] Increasing congestion in developing nations

Developing nations are facing increases in traffic congestion. Therefore governments are taking initiatives such as promoting the use of e-bikes to help reduce the number of taxis and private cars on the road.

However, as e-bikes are operated by batteries, they may have technical issues, such as quick discharge of batteries. This factor may hamper the growth of the e-bike market in the years ahead.

[edit] Lithium-ion

Based on battery type, the lead acid segment had a 31.3% market share in 2019. This segment is expected to see a lower growth in the coming years due to the implementation of strict rules by regulatory bodies of various countries for their usage.

These batteries release harmful gases that may impact on the environment. The lithium-ion segment, on the other hand, will dominate, owing to multiple beneficial properties.

[edit] Dominance of Asia Pacific

Asia Pacific is set to dominate throughout the forthcoming years due to the major contribution of China, a prominent consumer and producer of e-bikes.

Europe is expected to remain in second position stoked by the presence of stringent vehicular emission standards.

[edit] Innovative products

The companies operating in the market are constantly conducting research and development activities to create state-of-the-art e-bikes. As more countries are inclined towards saving energy, these products are in high demand.

Below are two most recent industry developments:

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