According to the latest report by IMARC Group “Asia Pacific E-Bike Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The Asia Pacific e-bike market size reached US$ 12.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2027, exhibiting at a CAGR of 7.0% during 2022-2027.
E-bikes, also called electronic bikes, are battery-powered bicycles comprising an electric motor, battery, and a drivetrain. These bikes primarily use lead-acid batteries that enable them to cover long distances on a single charge. As a result, e-bikes have emerged as an ecologically sustainable mode of transportation as they help in reducing the carbon emissions.
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In the Asia Pacific region, the rising consumer concerns towards the depletion of conventional fossil fuels and soaring fuel prices are primarily driving the demand for e-bikes. Furthermore, the implementation of favorable regulations by several government bodies across China, Japan, South Korea, Thailand, etc., for reducing carbon emission levels from fuel-based vehicles has also propelled the market growth. Additionally, numerous regional companies are emphasizing on the integration of e-bikes with advanced technologies, such as Internet-of-Things, GPS, AI, etc., which have led to various product innovations. The emergence of smart e-bikes that are wirelessly connected to software applications for displaying bike speed, battery status, power levels, and distance covered, will continue to further catalyze the market growth in the Asia Pacific region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific e-bike market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on mode, motor type, battery type, class, design and application.
Breakup by Mode:
- Pedal Assist
Breakup by Motor Type:
- Hub Motor
- Mid Drive
Breakup by Battery Type:
- Lead Acid
- Lithium Ion
- Nickel-Metal Hydride (NiMH)
Breakup by Class:
- Class I
- Class II
- Class III
Breakup by Design:
Breakup by Application:
- Mountain/Trekking Bikes
Breakup by Country:
- South Korea
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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