According to QY Research's latest report, the global production of electric bikes in 2016 was about 33 M unit. In terms of price, the average price of electrical bikes is about US$ 202 per unit in the year 2016, while its gross margin was about 18%. It has been observed that the price of electric bikes has been increasing constantly since the past few years.
Electric bikes are not motorbikes but a regular bicycle with various electrical components such as a controller, motor, and battery. These all parts are integrated into the design seamlessly. Just like a regular bicycle, electric bikes have handle and pedal. There is no need to completely replace electrical components and they are just meant to enhance human power. With electrical bikes obstacles like hill and headwind become more manageable and allows to travel without getting exhausted. As electrical bikes generally have treadles, it can be driven by a human in case of low battery.
Government's support on a large scale and quick implementation of stringent rule and regulations in various countries have been creating a positive impact on the sales of electric bikes. Rising investment in R &D by various key players in the market to develop new and innovative higher efficiency batteries and manufacturing vehicles with high performance has played a significant role in increasing the adoption of electric bikes.
Growing popularity of concepts such as public charging infrastructure and rental service for electric bikes in European and North American countries is likely to fuel the growth of the global electric bike market. By positioning their products as environment-friendly, the manufacturers across the globe are focusing on the sales of electric bikes that not only decrease air pollution but also reduce the greenhouse effect.
By the product type, the e-bike market is primarily split into
Lithium Ion Battery
By the end users/application, this report covers the following segments
Global Electric Bike Market: Regional Analysis
The Asia Pacific is expected to dominate the global market for an electric bike in the anticipated period. China and India have a great potential and both the countries have contributed to the growth of Asia Pacific electric bike market. The largest consumption of electric bikes is in China that has boosted the sales figure and thus influencing the growth of the global market for an electric bike. The import and export volume in China is also large and China has always been the largest exporter of electric bikes. The government in India has also encouraged to use electric bikes. By the end of 2035, the government is looking forward to covert fuel vehicles into electric vehicles.
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