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The market for e-bikes in APAC was estimated to be worth USD 13.59 billion in 2021, and from 2022 to 2030, it is anticipated to develop at a CAGR of 13.9%. Governments in a number of the region's nations, particularly China and India, are taking steps to minimise their carbon footprints by promoting the use of bicycles, electric vehicles, and electric motorcycles. This tendency is also being supported by the rising knowledge of the negative impacts of fossil fuel-powered automobiles. Governments also place a strong emphasis on building bicycle-friendly roadways, which promotes cycling as a primary means of transportation. Many governments are paying close attention to electric motorbikes, scooters, and bicycles as reliable and efficient Light Motor Vehicles (LMVs) that lessen carbon emissions.
Due to the rising number of COVID-19 cases, the Asia Pacific e-bike market had negative growth during the first half of 2020. The COVID-19 pandemic-related lockdowns and mobility restrictions that were enacted globally resulted in the temporary closure of a number of assembly and manufacturing facilities. But as more people choose to avoid using public transit because of the pandemic, the demand for e-bikes as a practical, inexpensive, and secure substitute for public transport has significantly risen.
The numerous technical improvements in the industry are also expected to enhance the demand. For instance, connected e-bikes have a SIM module that enables them to send and receive data over the cloud without connecting to a smartphone. Integrated navigation, remote diagnostics, automatic emergency calls, anti-theft systems, and social media networking are additional features available on connected e-bikes. One of the top companies in the e-bike industry that sells connected electric bikes is Robert Bosch GmbH. For instance, Smartphone Hub from Bosch may connect e-bikes with smartphones and provide the riders with support while they are on the road. Electric bikes are a popular, adaptable, eco-friendly, and multipurpose form of transportation. Users regard these bikes as the best alternative to smart vehicles, scooters, and other forms of public transportation. Due to their smaller size, ability to travel at a higher speed with less effort, and capacity to pedal for health reasons, electric bikes reduce traffic congestion. Electric bikes are expected to become more popular throughout the area as a result of these factors.
Industry growth is anticipated to be fueled by elements such as the adoption of government regulations to promote the use of electric bikes, rising fuel prices, consumer preference for using e-bikes as an effective and environmentally friendly method of transportation, and rising interest in cycling as a recreational and fitness activity. However, the expensive cost of e-bikes and the prohibition on their use in numerous important Chinese cities may limit market expansion. Additionally, it is anticipated that advancements in battery technology and bicycle infrastructure would present profitable growth potential.
Report Coverage
Global APAC E-Bikes research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global APAC E-Bikes report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and APAC E-Bikes competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key APAC E-Bikes market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global APAC E-Bikes market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, APAC E-Bikes market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Yamaha Motor Company; Yadea Group Holdings Ltd.; Merida Industry Co. Ltd; Pedego Electric Bikes
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global APAC E-Bikes market based on the below-mentioned segments:
Global APAC E-Bikes Market, By Propulsion
Pedal-assisted
Throttle-assisted
Global APAC E-Bikes market, By Application
City/Urban
Trekking
Cargo
Others
Global APAC E-Bikes market, Regional Analysis
Due to the rising number of COVID-19 cases, the Asia Pacific e-bike market had negative growth during the first half of 2020. The COVID-19 pandemic-related lockdowns and mobility restrictions that were enacted globally resulted in the temporary closure of a number of assembly and manufacturing facilities. But as more people choose to avoid using public transit because of the pandemic, the demand for e-bikes as a practical, inexpensive, and secure substitute for public transport has significantly risen.
The numerous technical improvements in the industry are also expected to enhance the demand. For instance, connected e-bikes have a SIM module that enables them to send and receive data over the cloud without connecting to a smartphone. Integrated navigation, remote diagnostics, automatic emergency calls, anti-theft systems, and social media networking are additional features available on connected e-bikes. One of the top companies in the e-bike industry that sells connected electric bikes is Robert Bosch GmbH. For instance, Smartphone Hub from Bosch may connect e-bikes with smartphones and provide the riders with support while they are on the road. Electric bikes are a popular, adaptable, eco-friendly, and multipurpose form of transportation. Users regard these bikes as the best alternative to smart vehicles, scooters, and other forms of public transportation. Due to their smaller size, ability to travel at a higher speed with less effort, and capacity to pedal for health reasons, electric bikes reduce traffic congestion. Electric bikes are expected to become more popular throughout the area as a result of these factors.
Industry growth is anticipated to be fueled by elements such as the adoption of government regulations to promote the use of electric bikes, rising fuel prices, consumer preference for using e-bikes as an effective and environmentally friendly method of transportation, and rising interest in cycling as a recreational and fitness activity. However, the expensive cost of e-bikes and the prohibition on their use in numerous important Chinese cities may limit market expansion. Additionally, it is anticipated that advancements in battery technology and bicycle infrastructure would present profitable growth potential.
Report Coverage
Global APAC E-Bikes research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global APAC E-Bikes report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and APAC E-Bikes competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key APAC E-Bikes market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Yamaha Motor Company; Yadea Group Holdings Ltd.; Merida Industry Co. Ltd; Pedego Electric Bikes |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of APAC E-Bikes Market from 2021 to 2030.
- Market Forecast for APAC E-Bikes Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, APAC E-Bikes competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on APAC E-Bikes
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global APAC E-Bikes market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, APAC E-Bikes market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Yamaha Motor Company; Yadea Group Holdings Ltd.; Merida Industry Co. Ltd; Pedego Electric Bikes
Primary Target Market
- Market Players of APAC E-Bikes
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global APAC E-Bikes market based on the below-mentioned segments:
Global APAC E-Bikes Market, By Propulsion
Pedal-assisted
Throttle-assisted
Global APAC E-Bikes market, By Application
City/Urban
Trekking
Cargo
Others
Global APAC E-Bikes market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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