Market Size of brazil e-bike Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 20.12 Million |
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Market Size (2029) | USD 27.95 Million |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 6.79 % |
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Fastest Growing by Propulsion Type | Speed Pedelec |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Brazil E-bike Market Analysis
The Brazil E-bike Market size is estimated at 20.12 million USD in 2024, and is expected to reach 27.95 million USD by 2029, growing at a CAGR of 6.79% during the forecast period (2024-2029).
20.12 Million
Market Size in 2024 (USD)
27.95 Million
Market Size in 2029 (USD)
11.47 %
CAGR (2017-2023)
6.79 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
86.30 %
value share, Pedal Assisted, 2023
The pedal-assisted segment is the largest, as people can easily afford these bikes. These bikes can also lift heavy loads easily and provide smoother rides by giving riders a boost on hills and similar terrains.
Largest Segment by Application Type
84.64 %
value share, City/Urban, 2023
The use of e-bikes for various applications, such as logistics and e-bike rental services and daily commuting to school and offices, has made the city/urban segment the largest application type.
Largest Segment by Battery Type
82.49 %
value share, Lithium-ion Battery, 2023
Lightweight, better range offering, long life, and fast charging technology are the factors making people choose bikes equipped with lithium batteries over lead acid batteries.
Fastest-Growing Segment by Propulsion Type
8.18 %
Projected CAGR, Speed Pedelec, 2024-2029
The speed pedelecs segment is expanding at the fastest rate due to rising consumer demand for fast bikes, owing to the requirement of quick traveling in congested areas while also saving fuel costs.
Leading Market Player
10.41 %
market share, Pon Bicycle Holding BV, 2022
Pon Bike has a wide range of products, a strong brand reputation, and simple access to its products due to a robust supply chain network, making it the largest brand for electric bikes in Brazil.
PROPULSION SEGMENT MARKET OVERVIEW
- The COVID-19 pandemic initially hindered the e-bike industry's growth. Consumers in Brazil started to favor e-bikes after the pandemic because it made private transportation more important than public transportation. Riders are converting to single-person transit because it uses less fuel and avoids congestion and crowds.
- The Brazilian e-bike market is still in the early stages of adoption and is expected to develop at the quickest rate in the future years. The rapid development of micro-mobility infrastructure in the area is the main factor causing the country to see tremendous growth in the near future.
- Because fuel prices are always growing, the government and consumers will turn toward electric mobility. Because the pedal assist bicycle is better suited for shorter distances, speed pedelecs will be the most practical option in the near future. As power and speed capabilities improve, consumers may gravitate toward speed pedelecs in the coming years. Although Brazil has legislation limiting the use of throttle-assisted e-bikes, they are far less common than pedal-assisted e-bikes.
Understand The Key Trends Shaping This Market
