Belgium E-bike Market Analysis
The Belgium E-bike Market size is estimated at 0.99 billion USD in 2025, and is expected to reach 1.4 billion USD by 2029, growing at a CAGR of 9.03% during the forecast period (2025-2029).
The Belgian electric bike industry is experiencing a significant transformation driven by changing consumer preferences and technological advancements. The market has witnessed a notable shift towards premium segments, with the average e-bike price increasing by 4% to EUR 2,283, reflecting consumers' willingness to invest in higher-quality products. This trend is particularly evident in the growing demand for electric bikes equipped with advanced features such as GPS tracking, integrated smart systems, and enhanced battery performance. Despite this premium trend, the market maintains its accessibility, with over 30% of purchases concentrated in the sub-EUR 1,500 price range, indicating a healthy balance between premium and entry-level segments.
Urban mobility solutions are increasingly centered around electric bicycles, with manufacturers focusing on developing products specifically designed for city commuting and last-mile connectivity. The integration of innovative technologies such as quick-charging capabilities, extended battery range, and smart connectivity features has become standard in newer models. Companies are actively pursuing product innovation, with several manufacturers introducing new models featuring enhanced urban mobility features such as integrated cargo solutions, improved safety systems, and better integration with smart city infrastructure.
The demographic profile of electric bike users has evolved significantly, with strong adoption rates among both the 40-50 and 50-60 age groups. This broad appeal has led manufacturers to develop more diverse product lines catering to different user preferences and needs. The industry has responded by introducing various frame designs, including an increased focus on step-through frames that offer easier mounting and dismounting options. Manufacturers are also emphasizing ergonomic designs and adjustable power assistance levels to accommodate varying fitness levels and riding preferences.
The market is characterized by intense competition and strategic developments among key players. Leading manufacturers are focusing on technological innovation and product differentiation to maintain their market positions. Battery technology continues to advance, with prices projected to decrease to 91 USD per kWh by 2029, making electric bikes more cost-effective for consumers. The industry is also witnessing increased investment in production capabilities and distribution networks, with companies expanding their presence through strategic partnerships and dealer networks to enhance market reach and customer service capabilities. The focus on sustainable transportation is driving further advancements in electric mobility, ensuring that the market remains competitive and innovative.
Belgium E-bike Market Trends
Belgium shows exceptionally high E-Bike adoption rates, suggesting a deeply ingrained cycling culture and market maturity.
- The demand for bicycles has been gaining popularity in Belgium over the past few years. The advantages of e-bikes over traditional bicycles have boosted the demand for e-bikes across Belgium during the same period. Effortless riding, zero carbon emissions, saving time in high traffic congestion, and cost-efficiency are some of the major factors contributing to the growing adoption of e-bikes over other vehicles for daily commuting to nearby places. However, the adoption rate in the country amounted to 34% in 2019 compared to 51.40% in 2018.
- The COVID-19 outbreak in 2020 positively impacted the e-bike market across Belgium. Factors such as the need to maintain social distancing measures and consumers' anxiety about using public transportation changed consumers' preferred commuting, further encouraging them to invest in e-bikes as a convenient and price-friendly option for daily commutes to offices and nearby places. Such factors increased the adoption rate of e-bikes by 4.60% in 2020 over 2019 across the country.
- The resuming of business operations and the removal of trade barriers after the lockdown resulted in the gradual growth of e-bicycle sales in Belgium in 2021, as the resumption of trade activities solved the problem of product shortage in the country. The availability of innovative products with high-tech features is attracting consumers, which is further projected to increase the adoption rate in Belgium by more than 35% in 2028.
Belgium maintains a high percentage of commuters traveling 5-15 km daily, indicating a strong preference for this travel distance.
- The popularity of bicycle travel in Belgium is increasing annually, creating a huge demand for individual bicycle users. Bicyclists who commute daily 5 to 15 kilometres are becoming more prevalent as a result of the rise in bicycle demand. In 2020 people who used bicycles as the medium of transportation every day to a distance of close to 5 to 15 kilometres to various places such as offices, businesses and schools are close to 10% and which is increasing gradually across Belgium.
- The Pandemic was a major factor in Belgium’s rise in bicycle demand in 2020 and 2021 as a result of lockdowns, various lockdown restrictions such as no gym or yoga centres were open, drop-in public transportation, and Increased demand of bicycles Additionally, in many Belgium cities, cyclists choose to use their bicycles as a mode of transportation for trips to their regular workplaces, places of business, and other local locations. The number of commuters going 5 to 15 kilometers by bicycle remained stagnant to 81.3% in 2021.
- Many people now commute from 5 to 15 kilometres away to their daily jobs on bicycles, as well as to their places of employment, places of business, and adjacent marketplaces. Additionally, in 2022, about 12% of people who work daily commuted by bicycle. The number of persons who commute to work by bicycle has increased in 2022 over 2021 as a result of improvements in the infrastructure for bicycles and various plans by the government to promote cycling. Such factors are expected to enhance the number of bicycle commuters With 5-15km, which further will also increase the demand for bicycles in Belgium during the forecast period.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Belgium's bicycle sales exhibit volatility with a significant spike, indicating dynamic market shifts possibly influenced by external factors.
- Belgium's inflation rates peak in 2022, with a trend towards normalization, indicating effective economic management.
- Belgium's e-bike battery prices are steadily declining, reflecting market maturity and increased consumer adoption.
- Belgium's steady growth in dedicated bicycle lanes reflects its commitment to promoting cycling as a sustainable and healthy mode of transportation.
- Belgium's E-bike charging time is steadily decreasing, reflecting advancements in battery technology and a growing electric mobility sector.
- Belgium's GDP per capita shows consistent growth, highlighting a stable and growing economy.
- Belgium's bicycle rental market, though smaller, is consistently growing, indicating a stable and enduring market.
- Belgium's hyper-local delivery sector shows modest growth, indicating a steady adoption of digital solutions for local consumer needs.
- Belgium's trekker community is modestly growing, indicating a rising interest in outdoor activities and exploration of its natural spaces.
- Belgium's Traffic Congestion Index is on a slight upward trend, indicating increasing congestion that may call for enhanced traffic management solutions.
Segment Analysis: Propulsion Type
Pedal Assisted Segment in Belgium E-bike Market
The pedal assisted bike segment dominates the Belgium e-bike market, commanding approximately 81% market share in 2024. This significant market position is primarily driven by several key advantages that pedal-assisted e-bikes offer to consumers. These include health benefits from the combination of manual pedaling and electric assistance, which results in less rider exhaustion during longer journeys. The segment's popularity is further enhanced by the fact that these e-bikes typically don't require special licenses for operation, making them accessible to a broader consumer base. Additionally, the comfortable riding experience, coupled with the ability to adjust assistance levels based on terrain and rider preference, has made pedal-assisted e-bikes particularly attractive for daily commuting and recreational purposes in Belgium's urban and suburban areas.

Throttle Assisted Segment in Belgium E-bike Market
The throttle-assisted segment is emerging as the fastest-growing category in the Belgium e-bike market, projected to grow at approximately 9% CAGR from 2024 to 2029. This impressive growth trajectory is driven by several key factors, including the segment's appeal to riders seeking faster speeds and reduced fatigue, particularly in challenging terrains like mountainous areas. The segment's growth is also supported by its increasing adoption for quick and safe navigation through traffic at junctions and traffic lights, making these bikes particularly suitable for country roads with switchbacks or managing heavy traffic conditions. Furthermore, throttle-assisted e-bikes are gaining popularity among riders who find continuous pedaling challenging, as these bikes offer the flexibility to ride without pedaling when needed.
Remaining Segments in Propulsion Type
The speed pedelec segment represents an important niche in the Belgium e-bike market, catering to users seeking high-performance electric bikes that can achieve speeds exceeding traditional e-bike limitations. These bikes are particularly popular in the northern Flanders region and serve as an effective mobility solution for navigating traffic congestion around major urban centers like Brussels and Antwerp. However, this segment faces certain regulatory constraints as these bikes are classified as mopeds in many jurisdictions, requiring additional documentation such as insurance, helmet usage, and specific licensing requirements, which influences their market adoption patterns.
Segment Analysis: Application Type
City/Urban Segment in Belgium E-bike Market
The City/Urban segment dominates the Belgium electric city bike market, commanding approximately 78% market share in 2024. This significant market position is driven by the increasing adoption of e-bikes for daily commuting in urban areas, particularly in major cities like Brussels and Antwerp. The segment's dominance is reinforced by government initiatives promoting sustainable urban mobility, including dedicated cycling infrastructure development and tax incentives for e-bike commuters. Additionally, the growing trend of e-bike sharing services in popular tourist destinations and urban centers has further strengthened the segment's market position. The convenience of using e-bikes for short-distance travel, coupled with the ability to navigate through traffic congestion efficiently, has made city/urban e-bikes the preferred choice for both daily commuters and casual riders.
Cargo/Utility Segment in Belgium E-bike Market
The electric cargo bike segment is emerging as the fastest-growing category in the Belgium e-bike market, with an expected growth rate of approximately 9% during 2024-2029. This remarkable growth is primarily driven by the increasing adoption of electric cargo bikes for last-mile delivery services and small business operations. The segment's expansion is further supported by government initiatives, such as Brussels' subsidy of up to EUR 4,000 for cargo bikes and additional incentives for businesses replacing traditional delivery vehicles with electric cargo bikes. The rising emphasis on sustainable urban logistics, coupled with the growing e-commerce sector, has created a strong demand for cargo e-bikes among logistics companies and local businesses seeking efficient and environmentally friendly delivery solutions.
Remaining Segments in Application Type
The Trekking segment represents a significant portion of the Belgium e-bike market, catering to recreational cyclists and adventure enthusiasts. This segment has gained traction due to Belgium's diverse terrain and extensive network of cycling trails, particularly in regions like East Belgium with its 480-kilometer MTB network. The trekking e-bikes segment benefits from the growing interest in outdoor activities and adventure tourism, offering features specifically designed for long-distance riding and varying terrain conditions. The segment's appeal extends to both serious cyclists seeking performance-oriented machines and casual riders looking for versatile e-bikes suitable for both recreational trekking and everyday use.
Segment Analysis: Battery Type
Lithium-ion Battery Segment in Belgium E-bike Market
The lithium-ion battery segment has emerged as the dominant force in the Belgium e-bike market, commanding approximately 100% of the market share in 2024. This complete market dominance can be attributed to several key advantages that lithium-ion batteries offer over traditional alternatives. These batteries provide superior energy density and power density, making them the most practical energy storage solution for e-bikes. The technology enables manufacturers to extend vehicle range while simultaneously reducing the size and weight of battery packs. The continuous advancement in lithium-ion battery technology has led to improved durability, faster charging capabilities, and enhanced overall performance. Additionally, these batteries require minimal maintenance compared to other types, and their ability to be recycled quickly and cost-effectively has contributed to sustainable market growth. The segment is expected to maintain its strong growth trajectory through 2029, driven by ongoing technological improvements, decreasing battery costs, and increasing consumer preference for high-performance, environmentally friendly power solutions.
Belgium E-bike Industry Overview
Top Companies in Belgium E-bike Market
The Belgium e-bike market features established players like Accell België, Pon Holdings, Belgian Cycling Factory, and Royal Dutch Gazelle leading the competitive landscape. These companies are actively pursuing product innovation through the integration of advanced technologies like GPS tracking, smart connectivity features, and enhanced e-bike battery performance in their electric bicycle offerings. Operational agility is demonstrated through quick adaptation to market demands, with companies expanding their production capabilities and streamlining supply chains. Strategic partnerships and collaborations are becoming increasingly common, particularly in areas of technology development and distribution network expansion. Companies are also focusing on geographical expansion within Belgium through the establishment of experience centers, service hubs, and dedicated retail locations, while simultaneously strengthening their online presence through digital platforms and e-commerce capabilities.
Market Dominated by European Manufacturing Giants
The Belgian e-bike market exhibits a mix of both global conglomerates and local specialists, with European manufacturers holding significant market influence. Companies like Accell Group and Pon Holdings represent the conglomerate segment, leveraging their extensive resources and diverse brand portfolios to maintain market dominance. Local specialists such as Belgian Cycling Factory and Cowboy have carved out their niches by focusing on specific market segments and emphasizing their Belgian heritage. The market shows moderate consolidation, with the top players controlling a substantial portion of the market share while leaving room for innovative startups and specialized manufacturers.
The market is characterized by strategic mergers and acquisitions aimed at expanding product portfolios and strengthening market positions. Large companies are actively acquiring innovative startups and smaller manufacturers to gain access to new technologies and market segments. This trend is particularly evident in the acquisition of tech-focused electric bicycle companies by traditional bicycle manufacturers, as they seek to enhance their technological capabilities and expand their electric mobility offerings. The market also sees frequent collaborations between manufacturers and technology providers, particularly in developing advanced battery systems and smart features.
Innovation and Sustainability Drive Future Growth
For incumbent companies to maintain and increase their market share, focus on technological innovation and sustainable practices is crucial. Market leaders must continue investing in research and development to improve battery technology, motor efficiency, and smart connectivity features. Building strong after-sales service networks and maintaining high product quality standards are essential for retaining customer loyalty. Companies need to develop comprehensive product portfolios that cater to different user segments while maintaining operational efficiency through advanced manufacturing processes and supply chain optimization.
Contenders looking to gain ground in the market should focus on identifying and serving underserved market segments while differentiating through unique value propositions. This could include specializing in specific e-bike categories, offering innovative financing solutions, or developing unique design features. The relatively low substitution risk from traditional bicycles and other forms of transportation provides opportunities for growth, particularly as urban mobility trends continue to favor electric alternatives. However, companies must remain vigilant about evolving regulations regarding electric bicycle components, safety standards, and urban mobility policies, as these can significantly impact market dynamics and product development strategies.
Belgium E-bike Market Leaders
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Accell België
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Belgian Cycling Factory
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Cowboy
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Pon Holdings B.V
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Royal Dutch Gazelle
- *Disclaimer: Major Players sorted in no particular order
Belgium E-bike Market News
- September 2022: Pon Holding, the owner of Cannondale, Cervelo, Santa Cruz, Gazelle, and other brands, announced plans to buy the Dutch e-bike brand Veloretti.
- August 2022: VanMoof released S3 Aluminum, a streamlined, high-end e-bike. It includes raw welding and a brushed metal frame.
- August 2022: Haibike officially announced its new Yamaha PW-X2-powered ALLMTN 7 in an all-new design with a carbon fiber frame, Fox Float suspension, and Shimano XT drivetrain and brakes.
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.
List of Tables & Figures
- Figure 1:
- CONVETIONAL AND E-BIKE SALES, VOLUME IN UNITS, BELGIUM, 2017 - 2029
- Figure 2:
- GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, BELGIUM, 2017 - 2029
- Figure 3:
- INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, BELGIUM, 2017 - 2029
- Figure 4:
- E-BIKE MARKET PENETRATION RATE, VOLUME PERCENTAGE, BELGIUM, 2017 - 2029
- Figure 5:
- PROPORTION OF 5-15 KM DAILY TRAVELERS, PERCENTAGE, BELGIUM, 2017 - 2029
- Figure 6:
- BICYCLE RENTAL SERVICE MARKET, REVENUE IN USD, BELGIUM, 2017 - 2029
- Figure 7:
- COST OF LI-ION BATTERIES FOR E-BIKES, VALUE IN USD PER KWH, BELGIUM, 2017 - 2029
- Figure 8:
- E-BIKE BATTERY TYPE PRICE COMPARISON, USD PER KWH, BELGIUM, 2017 - 2029
- Figure 9:
- HYPER LOCAL DELIVERY SERVICE MARKET, REVENUE IN USD, BELGIUM, 2017 - 2029
- Figure 10:
- LENGTH OF DEDICATED BICYCLE LANES, KM, BELGIUM, 2017 - 2022
- Figure 11:
- TREKKER POPULATION, UNIT, BELGIUM, 2017 - 2029
- Figure 12:
- AVERAGE CHARGING TIME OF E-BIKE BATTERIES, HOURS, BELGIUM, 2017 - 2029
- Figure 13:
- TRAFFIC CONGESTION INTENSITY INDEX, BELGIUM, 2017 - 2022
- Figure 14:
- BELGIUM E-BIKE MARKET, VOLUME, UNITS, 2017 - 2029
- Figure 15:
- BELGIUM E-BIKE MARKET, VALUE, USD MILLION, 2017 - 2029
- Figure 16:
- BELGIUM E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 17:
- BELGIUM E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 18:
- BELGIUM E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 19:
- BELGIUM E-BIKE MARKET, BY PROPULSION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 20:
- E-BIKE MARKET, BY PROPULSION TYPE, PEDAL ASSISTED, VOLUME, UNITS, BELGIUM, 2017 - 2029
- Figure 21:
- E-BIKE MARKET, BY PROPULSION TYPE, PEDAL ASSISTED, VALUE, USD, BELGIUM, 2017 - 2029
- Figure 22:
- BREAKDOWN OF PEDAL ASSISTED E-BIKE MARKET BY APPLICATION TYPE, REVENUE SHARE (%), BELGIUM, 2023 VS 2029
- Figure 23:
- E-BIKE MARKET, BY PROPULSION TYPE, SPEED PEDELEC, VOLUME, UNITS, BELGIUM, 2017 - 2029
- Figure 24:
- E-BIKE MARKET, BY PROPULSION TYPE, SPEED PEDELEC, VALUE, USD, BELGIUM, 2017 - 2029
- Figure 25:
- BREAKDOWN OF SPEED PEDELEC E-BIKE MARKET BY APPLICATION TYPE, REVENUE SHARE (%), BELGIUM, 2023 VS 2029
- Figure 26:
- E-BIKE MARKET, BY PROPULSION TYPE, THROTTLE ASSISTED, VOLUME, UNITS, BELGIUM, 2017 - 2029
- Figure 27:
- E-BIKE MARKET, BY PROPULSION TYPE, THROTTLE ASSISTED, VALUE, USD, BELGIUM, 2017 - 2029
- Figure 28:
- BREAKDOWN OF THROTTLE ASSISTED E-BIKE MARKET BY APPLICATION TYPE, REVENUE SHARE (%), BELGIUM, 2023 VS 2029
- Figure 29:
- BELGIUM E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 30:
- BELGIUM E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 31:
- BELGIUM E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 32:
- BELGIUM E-BIKE MARKET, BY APPLICATION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 33:
- E-BIKE MARKET, BY APPLICATION TYPE, CARGO/UTILITY, VOLUME, UNITS, BELGIUM, 2017 - 2029
- Figure 34:
- E-BIKE MARKET, BY APPLICATION TYPE, CARGO/UTILITY, VALUE, USD, BELGIUM, 2017 - 2029
- Figure 35:
- BREAKDOWN OF CARGO/UTILITY E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), BELGIUM, 2023 VS 2029
- Figure 36:
- E-BIKE MARKET, BY APPLICATION TYPE, CITY/URBAN, VOLUME, UNITS, BELGIUM, 2017 - 2029
- Figure 37:
- E-BIKE MARKET, BY APPLICATION TYPE, CITY/URBAN, VALUE, USD, BELGIUM, 2017 - 2029
- Figure 38:
- BREAKDOWN OF CITY/URBAN E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), BELGIUM, 2023 VS 2029
- Figure 39:
- E-BIKE MARKET, BY APPLICATION TYPE, TREKKING, VOLUME, UNITS, BELGIUM, 2017 - 2029
- Figure 40:
- E-BIKE MARKET, BY APPLICATION TYPE, TREKKING, VALUE, USD, BELGIUM, 2017 - 2029
- Figure 41:
- BREAKDOWN OF TREKKING E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), BELGIUM, 2023 VS 2029
- Figure 42:
- BELGIUM E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 43:
- BELGIUM E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 44:
- BELGIUM E-BIKE MARKET, BY BATTERY TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 45:
- BELGIUM E-BIKE MARKET, BY BATTERY TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 46:
- E-BIKE MARKET, BY BATTERY TYPE, LEAD ACID BATTERY, VOLUME, UNITS, BELGIUM, 2017 - 2029
- Figure 47:
- E-BIKE MARKET, BY BATTERY TYPE, LEAD ACID BATTERY, VALUE, USD, BELGIUM, 2017 - 2029
- Figure 48:
- BREAKDOWN OF LEAD ACID BATTERY E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), BELGIUM, 2023 VS 2029
- Figure 49:
- E-BIKE MARKET, BY BATTERY TYPE, LITHIUM-ION BATTERY, VOLUME, UNITS, BELGIUM, 2017 - 2029
- Figure 50:
- E-BIKE MARKET, BY BATTERY TYPE, LITHIUM-ION BATTERY, VALUE, USD, BELGIUM, 2017 - 2029
- Figure 51:
- BREAKDOWN OF LITHIUM-ION BATTERY E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), BELGIUM, 2023 VS 2029
- Figure 52:
- E-BIKE MARKET, BY BATTERY TYPE, OTHERS, VOLUME, UNITS, BELGIUM, 2017 - 2029
- Figure 53:
- E-BIKE MARKET, BY BATTERY TYPE, OTHERS, VALUE, USD, BELGIUM, 2017 - 2029
- Figure 54:
- BREAKDOWN OF OTHERS E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), BELGIUM, 2023 VS 2029
- Figure 55:
- BELGIUM E-BIKE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
- Figure 56:
- BELGIUM E-BIKE MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
- Figure 57:
- BELGIUM E-BIKE MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2022
Belgium 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.Propulsion Type | Pedal Assisted |
Speed Pedelec | |
Throttle Assisted | |
Application Type | Cargo/Utility |
City/Urban | |
Trekking | |
Battery Type | Lead Acid Battery |
Lithium-ion Battery | |
Others |
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–metal 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. |
Research Methodology
Mordor Intelligence 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 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