India E-bike Market Size
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Study Period: | 2017 - 2029 |
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Largest Share by Propulsion Type: | Pedal Assisted |
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Fastest Growing by Propulsion Type: | Speed Pedelec |
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CAGR: | 9.94 % |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India E-bike Market Analysis
The India E-bike Market is projected to register a CAGR of 9.94%
- Largest Segment by Propulsion Type - Pedal Assisted : Easy affordability, no fuel cost, high commuting, and maintaining health are the factors contributing to the growth of the pedal-assisted segment.
- Largest Segment by Application Type - City/Urban : High usage of bicycles by students and wage workers for daily commuting and benefits such as time-saving and cheap maintenance are the factors responsible for the growth of city/urban bikes.
- Largest Segment by Battery Type - Lithium-ion Battery : Extended range, quick charging capability, long running life, and declining prices gradually are the factors responsible for the higher usage of lithium batteries.
- Fastest-Growing Segment by Propulsion Type - Speed Pedelec : The speed pedelecs segment is growing rapidly due to consumers’ increasing interest in speedy bikes for various purposes, such as long-distance travel and adventure rides.
India 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 |
India E-bike Market Trends
This section covers the major market trends shaping the India E-bike Market according to our research experts:
Pedal Assisted is the largest segment by Propulsion Type.
- E-bikes have the potential to become India's best means of mobility. They are also an excellent means of transportation since they mix the convenience of a car with the excitement of riding, making them especially useful for recreational activities. Speed pedelec is expected to soon become the most practical pedal-assist bicycle alternative for shorter distances. As India's power and speed capabilities develop over the next years, people may gravitate toward the speed pedelec category. Similarly, the increasing popularity of throttle-assisted e-bikes, which transmit power directly to the motor without the need for manual pedaling, could be attributed to the segment's expansion.
- E-bikes are an eco-friendly option than traditional two-wheelers because they emit less carbon into the atmosphere. Many initiatives taken by the Indian government to decrease automotive pollution are boosting the growth of the market. The rising popularity of e-bikes is benefiting the sector due to lower ownership and maintenance costs. Advancements in charging infrastructure and India's expanding car sector provide end customers with attractive development opportunities.
- The increased availability of e-bikes through online and offline outlets is driving e-bike sales across the country. Key market organizations operating in India are investing extensively in R&D projects to increase product quality. They also focus on refining battery technology, combining lightweight materials, and investing in advertising campaigns to increase overall sales. As a result of these initiatives, the market is projected to expand, which may fuel the growth of electric bicycles in India in the next few years.
To understand key trends, Download Sample Report
India E-bike Industry Overview
The India E-bike Market is fairly consolidated, with the top five companies occupying 66.00%. The major players in this market are Alpha Vector, Being Human, Cultsport, Hero Cycles Limited and Tru E Bikes Pvt. Ltd (sorted alphabetically).
India E-bike Market Leaders
Alpha Vector
Being Human
Cultsport
Hero Cycles Limited
Tru E Bikes Pvt. Ltd
*Disclaimer: Major Players sorted in no particular order
India E-bike Market News
- March 2023: Nibe Limited's board of directors accepts private placement and preferential issue fundraising plans up to Rs.104.40 Cr.
- November 2022: Motovolt Mobility has raised new funding in a pre-series A round of Rs 16 crore, which will be used to launch new products, launch marketing campaigns, and expand its footprint across India through more retail outlets.
- November 2022: EMotorad introduces the "Doodle v2" folding e-bike for Rs 49,999. It is available for purchase on the company's website as well as on Amazon and Flipkart.
India E-bike Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Bicycle Sales
2.2. GDP Per Capita
2.3. Inflation Rate
2.4. Adoption Rate Of E-Bikes
2.5. Percent Population/Commuters With 5-15 Km Daily Travel Distance
2.6. Bicycle Rental
2.7. E-Bike Battery Price
2.8. Price Chart Of Different Battery Chemistry
2.9. Hyper-Local Delivery
2.10. Dedicated Bicycle Lanes
2.11. Number Of Trekkers
2.12. Battery Charging Capacity
2.13. Traffic Congestion Index
2.14. Regulatory Framework
2.15. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION
3.1. Propulsion Type
3.1.1. Pedal Assisted
3.1.2. Speed Pedelec
3.1.3. Throttle Assisted
3.2. Application Type
3.2.1. Cargo/Utility
3.2.2. City/Urban
3.2.3. Trekking
3.3. Battery Type
3.3.1. Lead Acid Battery
3.3.2. Lithium-ion Battery
3.3.3. Others
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Alpha Vector
4.4.2. Being Human
4.4.3. Cultsport
4.4.4. EMotorad
4.4.5. Hero Cycles Limited
4.4.6. Motovolt
4.4.7. Nibe E-motor Limited
4.4.8. SJ Electric Vehicles Pvt. Ltd (Polarity Smart Bikes)
4.4.9. Stryder
4.4.10. Tru E Bikes Pvt. Ltd
5. KEY STRATEGIC QUESTIONS FOR E BIKES CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
Figure 1:
INDIA E-BIKE MARKET, BICYCLE SALES, VOLUME, THOUSAND UNITS, 2017 - 2029
Figure 2:
INDIA E-BIKE MARKET, GDP PER CAPITA, VALUE, USD, 2017 - 2029
Figure 3:
INDIA E-BIKE MARKET, INFLATION RATE, VALUE, PERCENT, 2017 - 2029
Figure 4:
INDIA E-BIKE MARKET, ADOPTION RATE, VOLUME, PERCENT, 2017 - 2029
Figure 5:
INDIA E-BIKE MARKET, COMMUTERS WITH 5-15 KM TRAVEL DISTANCE, VOLUME, PERCENT, 2017 - 2029
Figure 6:
INDIA E-BIKE MARKET, BICYCLE RENTAL, VALUE, USD MILLION, 2017 - 2029
Figure 7:
INDIA E-BIKE MARKET, E-BIKE BATTERY PRICE, VALUE, USD, 2017 - 2029
Figure 8:
INDIA E-BIKE MARKET, PRICE CHART OF DIFFERENT BATTERY CHEMISTRY, VALUE, USD, 2017 - 2029
Figure 9:
INDIA E-BIKE MARKET, HYPER-LOCAL DELIVERY, VOLUME, THOUSAND UNITS, 2017 - 2029
Figure 10:
INDIA E-BIKE MARKET, DEDICATED BICYCLE LANES, VOLUME, THOUSAND UNITS, 2017 - 2029
Figure 11:
INDIA E-BIKE MARKET, NUMBER OF TREKKERS, VOLUME, THOUSAND UNITS, 2017 - 2029
Figure 12:
INDIA E-BIKE MARKET, BATTERY CHARGING CAPACITY, VOLUME, UNITS, 2017 - 2029
Figure 13:
INDIA E-BIKE MARKET, TRAFFIC CONGESTION INDEX, VOLUME, PERCENT, 2017 - 2022
Figure 14:
INDIA E-BIKE MARKET, VOLUME, UNITS, 2017 - 2029
Figure 15:
INDIA E-BIKE MARKET, VALUE, USD MILLION, 2017 - 2029
Figure 16:
INDIA E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
Figure 17:
INDIA E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD MILLION, 2017 - 2029
Figure 18:
INDIA E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, SHARE (%), 2017 - 2029
Figure 19:
INDIA E-BIKE MARKET, BY PROPULSION TYPE, VALUE, SHARE (%), 2017 - 2029
Figure 20:
INDIA E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
Figure 21:
INDIA E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD MILLION, 2017 - 2029
Figure 22:
INDIA E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 - 2029
Figure 23:
INDIA E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
Figure 24:
INDIA E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD MILLION, 2017 - 2029
Figure 25:
INDIA E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 - 2029
Figure 26:
INDIA E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
Figure 27:
INDIA E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD MILLION, 2017 - 2029
Figure 28:
INDIA E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 - 2029
Figure 29:
INDIA E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
Figure 30:
INDIA E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD MILLION, 2017 - 2029
Figure 31:
INDIA E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, SHARE (%), 2017 - 2029
Figure 32:
INDIA E-BIKE MARKET, BY APPLICATION TYPE, VALUE, SHARE (%), 2017 - 2029
Figure 33:
INDIA E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
Figure 34:
INDIA E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD MILLION, 2017 - 2029
Figure 35:
INDIA E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 - 2029
Figure 36:
INDIA E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
Figure 37:
INDIA E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD MILLION, 2017 - 2029
Figure 38:
INDIA E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 - 2029
Figure 39:
INDIA E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
Figure 40:
INDIA E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD MILLION, 2017 - 2029
Figure 41:
INDIA E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 - 2029
Figure 42:
INDIA E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
Figure 43:
INDIA E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD MILLION, 2017 - 2029
Figure 44:
INDIA E-BIKE MARKET, BY BATTERY TYPE, VOLUME, SHARE (%), 2017 - 2029
Figure 45:
INDIA E-BIKE MARKET, BY BATTERY TYPE, VALUE, SHARE (%), 2017 - 2029
Figure 46:
INDIA E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
Figure 47:
INDIA E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD MILLION, 2017 - 2029
Figure 48:
INDIA E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 - 2029
Figure 49:
INDIA E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
Figure 50:
INDIA E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD MILLION, 2017 - 2029
Figure 51:
INDIA E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 - 2029
Figure 52:
INDIA E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
Figure 53:
INDIA E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD MILLION, 2017 - 2029
Figure 54:
INDIA E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 - 2029
Figure 55:
INDIA E-BIKE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
Figure 56:
INDIA E-BIKE MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
Figure 57:
INDIA E-BIKE MARKET SHARE(%), BY MAJOR PLAYERS, 2022
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).
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order 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 on the basis of 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. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- 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
