Market Size of south africa e-bike Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 5.19 Million |
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Market Size (2029) | USD 9.80 Million |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 13.56 % |
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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 |
South Africa E-bike Market Analysis
The South Africa E-bike Market size is estimated at 5.19 million USD in 2024, and is expected to reach 9.80 million USD by 2029, growing at a CAGR of 13.56% during the forecast period (2024-2029).
5.19 Million
Market Size in 2024 (USD)
9.80 Million
Market Size in 2029 (USD)
53.18 %
CAGR (2017-2023)
13.56 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
80.89 %
value share, Pedal Assisted, 2023
On e-bikes with pedal assistance, riders may cycle more quickly and effortlessly since the motor produces significant strength, making pedal-assisted the largest propulsion type.
Largest Segment by Application Type
81.25 %
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
49.14 %
value share, Lithium-ion Battery, 2023
Cutting-edge technology, better range offerings, long battery lives, and quick charging features are facilitating the increased use of lithium-ion batteries in e-bicycles.
Fastest-Growing Segment by Propulsion Type
15.88 %
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
11.30 %
market share, Giant Manufacturing Co. Ltd., 2022
Giant Bicycle is the market leader in the South Africa due to its strong brand image and well established supply chain network and wide product offering according to need and purpose of customers.
PROPULSION SEGMENT MARKET OVERVIEW
- The primary growth drivers for the South African e-bike market include increases in fitness consciousness among individuals, environmental concerns, traffic congestion, and government initiatives to promote cycling.
- The COVID-19 pandemic positively impacted bicycle demand in South Africa. Since then, people have been using bicycles for commuting as well as for other activities, including sports, exercise, and hiking. The increased public awareness of pedaling's health advantages is also significantly driving demand. Consumers want vehicles that are safer, more comfortable, and ecologically responsible. To cater to this demand, manufacturers are expected to create a variety of avant-garde pedal-assisted bicycles. Demand for e-bikes for daily commuting has also increased in line with the advent of shared mobility firms.
- As fuel costs and traffic congestion in South Africa grow, the country's administration and people are expected to rely increasingly on electric transportation. Speed pedelecs will soon be the best option since the pedal-assisted bicycle is better suited for shorter journeys. Along with e-bikes serving various purposes, they ultimately result in significant financial savings, less pollution, and simplified mobility. The South African e-bike market is expected to grow during the forecast period.
Understand The Key Trends Shaping This Market
