Latin America E-Bike Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Latin America e-bike market is segmented by Propulsion Type (Pedal-assisted and Throttle-assisted (Power-on-demand)), Application Type (City/Urban, Trekking (E-mountain Bikes/e-MTB), and Cargo), Battery Type (Lithium-Ion Battery, Lead-Acid Battery), and Country (Brazil, Argentina, Mexico, Chile, Colombia, and Rest of Latin America)

Market Snapshot

Market_Overview
Study Period: 2018 - 2026
Base Year: 2020
CAGR: >7 %

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Market Overview

The Latin America e-bike market is poised to register a CAGR of over 7% during the forecast period (2020-2025).

  • Growing awareness among peoples for environmental concerns, e-bikes along with the benefits of a bicycle coupled with the advantage of extended range through battery especially for recreational activities, as they offer the fun of cycling, combined with the suitability of an automobile. Furthermore, these bikes also allow consumers to navigate through rough terrains, which are otherwise difficult to navigate without an electric motor.
  • Traffic is one of the major problems of the Latin American cities, and according to the 2018 INRIX Global Traffic Scorecard, Colombia’s capital city of Bogotá as the 3rd most congested city in the world, followed by Mexico City (4th) and São Paulo (5th). The study also calculated that an average driver in Bogotá spends about 272 hours in traffic every year.
  • Although, technological advancement and lightweight materials are helping the e-bike market to grow at a rapid pace. On the other hand, high costs of e-bikes over conventional bicycles are expected to hinder the market growth particularly in the countries of Latin America.
  • The idea of bike/e-bike leasing is becoming increasingly popular in Latin America. Due to the traffic and cost-effectiveness more and more people are opting for the bike/e-bike for their daily commute.

Scope of the Report

The Latin America e-bike market covers the latest trends and technological development as well as provides analysis on the market demand on various aspects of e-bike product like its propulsion type, application, and battery type, country-level analysis and market share of major e-bike producer companies in Latin America will be covered in the scope of the study.

By Propulsion Type
Pedal-assisted
Throttle-assisted (Power-on-demand)
By Application Type
City/Urban
Trekking (E-mountain Bikes/e-MTB),
Cargo
By Battery Type
Lithium Ion Battery
Lead-Acid Battery
By Country
Brazil
Argentina
Mexico
Chile
Rest of Latin America

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Key Market Trends

E-Bike Sharing will Provide the boost in the market

The idea of bike leasing is becoming increasingly popular in Latin America. Also, various local startups and companies from other countries are expanding their market presence in Latin America.For instance,

Yellow offers both conventional and e bike-sharing options through its platform, as its conventional bikes operate 24 hours, the e-bikes operate for limited hours of 8 am to 9 pm due to maintenance, recharging, and cleaning.

Whereas in 2018, A Brazilian company named EDG Advanced Mechatronics launched a new EDG Niobium e-Bike, the battery technology in the bicycle provides it a 100 kilometers range, and for1 hour charge it is capable of providing 25 km of range. In addition to that, the e-Bike has regenerative braking by which its braking energy returns to the battery.

key market trend 1

COVID-19 will halt the Growth of the Latin America E-Bike Market

Latin America has become the new epicenter of coronavirus and passed Europe and the United States in daily infections. Even though many countries in the region have taken tough measures of mitigating the spread of viruses such as border closures, school closings, and other social distancing measures. Due to that, the region faced disruption in supply chains, the decline in commodity prices, and the reduction in tourism.

But the local governments in the cities such as Bogota, Lima, Quito, and Buenos Aires have promoted cycling by expanded bike lanes, closing roads for cars, in an effort to reduce crowding on public transport to curb the spread of COVID-19.

Bogota which already had a 550-kilometer network of bicycle lanes added 80 km of temporary bike lanes, which are set to become permanent. Similarly, the Lima government has announced to add 300 km of temporary bike lanes in the city.

Whereas in March 2020, medical workers in Bogota received electric bicycles from MUVO to complete their mobility needs so that they can provide life-saving services. The company also gets the support from city government, local non-governmental organization, and NUMO, the New Urban Mobility alliance for funding operations, and logistical support.

key market trend 2

Competitive Landscape

The Latin America E-Bike market is fragmented with the presence of a number of startups and companies, such as Giant Bicycles, EDG, Trek Bicycle Corporation, and others, whereas major e-bike rental companies are expanding their market reach and adding more e-bikes in their fleet. For instance,

· In 2018, Yellow a brazil based bike-sharing startup has raised around USD 9 million in a seed round funding. The company will initially start with 100,000 bikes in São Paulo. And for next year the company has plans to introduce dockless electric bikes.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Propulsion Type

      1. 5.1.1 Pedal-assisted

      2. 5.1.2 Throttle-assisted (Power-on-demand)

    2. 5.2 By Application Type

      1. 5.2.1 City/Urban

      2. 5.2.2 Trekking (E-mountain Bikes/e-MTB),

      3. 5.2.3 Cargo

    3. 5.3 By Battery Type

      1. 5.3.1 Lithium Ion Battery

      2. 5.3.2 Lead-Acid Battery

    4. 5.4 By Country

      1. 5.4.1 Brazil

      2. 5.4.2 Argentina

      3. 5.4.3 Mexico

      4. 5.4.4 Chile

      5. 5.4.5 Rest of Latin America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 EDG

      2. 6.2.2 EMOV

      3. 6.2.3 Giant BicyclesCo. Ltd

      4. 6.2.4 Trek Bicycle Corporation

      5. 6.2.5 Bike Sampa

      6. 6.2.6 Pedego Electric Bikes

      7. 6.2.7 Brazil Electric Bike

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Latin America E-Bike Market market is studied from 2018 - 2026.

The Latin America E-Bike Market is growing at a CAGR of >7% over the next 5 years.

Giant BicyclesCo. Ltd, Trek Bicycle Corporation, EDG, EMOV (Energía en Movimiento), Pedego Electric Bikes are the major companies operating in Latin America E-Bike Market.

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