United Kingdom E-bike Market Analysis
The United Kingdom E-bike Market size is estimated at 554.1 million USD in 2025, and is expected to reach 832.9 million USD by 2029, growing at a CAGR of 10.72% during the forecast period (2025-2029).
The United Kingdom's e-bike market is experiencing significant transformation driven by technological advancements and changing consumer preferences. The integration of smart features, including GPS tracking, smartphone connectivity, and advanced electric bike battery management systems, has revolutionized the riding experience. The market has witnessed substantial progress in battery technology, with lithium-ion battery costs decreasing to 147 USD per kWh in 2022, making electric bikes more accessible to a broader consumer base. This technological evolution has coincided with a growing emphasis on sustainable transportation solutions, as evidenced by the increasing adoption of electric bikes for both personal and commercial use.
Infrastructure development has played a crucial role in supporting the e-bike market growth. The United Kingdom has demonstrated its commitment to cycling infrastructure through extensive development of dedicated bicycle lanes, reaching 5,830 kilometers in 2022. This infrastructure growth has been further bolstered by innovative partnerships, such as the collaboration between Sustrans and Bosch to introduce electric bike charging stations across National Cycle Network routes. These developments have created a more conducive environment for e-bike market size adoption, with the market penetration rate reaching 8.05% in 2022.
The commercial sector has emerged as a significant driver of e-bike market trends, particularly in urban logistics and last-mile delivery services. Major retailers and e-commerce companies are increasingly incorporating electric bikes into their delivery fleets, with Amazon leading the way by implementing electric bike sales UK deliveries in London. This shift towards urban mobility solutions has been accompanied by the rise of micro mobility services and bike-sharing schemes across major UK cities, creating new opportunities for market growth and urban mobility solutions.
The market is witnessing a notable shift in consumer behavior and preferences, particularly in urban areas where traditional transportation faces challenges of congestion and environmental concerns. With conventional bicycle sales reaching approximately 2 million units in 2022, there is a clear indication of growing interest in two-wheeled transportation solutions. The industry has responded with diverse product offerings, ranging from entry-level models to premium electric bikes equipped with advanced features and longer-lasting batteries. This diversification has been supported by improvements in charging infrastructure and battery technology, making electric bikes a more practical alternative for daily commuting and recreational activities.
United Kingdom E-bike Market Trends
The UK's E-Bike adoption rates show a steady increase, reflecting growing market acceptance and consumer interest.
- The demand for bicycles has been rising significantly across the population of the United Kingdom over the past few years. The advantages of the e-bike over the traditional bicycle have sparked a surge in demand for e-bikes across the United Kingdom. Convenient rides, pollution-free transportation, time savings, and cost-efficiency are some of the major factors contributing to the usage of e-bikes over other vehicles for commuting daily to nearby places. As a result, e-bike adoption increased by 2% in 2019 compared to 2018.
- The COVID-19 pandemic created fear among the people of the United Kingdom. People started avoiding public and shared transportation, which impacted the sales and usage of personal vehicles, including e-bikes. People prefer e-bikes over other modes of transportation because they are one of the cheapest and most carefree vehicles (requiring very little maintenance compared to other vehicles). As a result, the sales of e-bikes and the adoption rate of e-bikes among consumers increased to 5.90% in 2020 compared to 3.90% in 2019 in the United Kingdom.
- The growing awareness of e-bikes among the people of the United Kingdom is changing the consumer's mindset. Factors such as minimal effort while riding, zero fuel expenses, eco-friendly rides, cheap modes of transportation, and exercise benefits are responsible for the growth of e-bikes. The country has witnessed an e-bike adoption rate of around 1.20% in 2021 over 2020, which is projected to reach 24.40% during the forecast period in the United Kingdom.
The UK exhibits a steady increase in the population commuting 5-15 km daily, reflecting a gradual change in travel distances.
- The United Kingdom has witnessed a sharp rise in bicycle demand as people in many places across the country have begun progressively adopting the bicycle culture. Approximately 50% of bicycle users choose to use bicycles to travel to their places of employment, education, etc. People are influenced to ride bicycles instead of cars. The demand for bicycles in the United Kingdom has increased as a result of a 0.2% increase in commuters with 5–15 km of travel in 2020 over 2019.
- The concerns about the COVID-19 pandemic have significantly and positively impacted the market for bicycles in the United Kingdom. People choose to walk or cycle instead of taking public transportation to work. After the pandemic's effects, fewer people used public transportation. The number of people who commuted daily by bicycle increased by more than 0.2% in 2020 over 2019, and the introduction of e-bikes with advanced features and longer battery lives encouraged more people to choose bicycles, which further increased the number of commuters who made trips of 5 to 15 kilometers in 2021 over 2020 across the United Kingdom.
- People now commute by bicycle regularly due to the removal of limitations following the pandemic. Today, many people travel daily by bicycle within a radius of 5 to 15 kilometers to get to their places of employment, businesses, and local markets. Due to the increased health advantages, carbon-free commutes, and time savings from avoiding traffic bottlenecks, more people are choosing to commute by bicycle. During the forecast period, these factors are expected to result in a more than 2% increase in commuter travel between 5 and 15 kilometers in the United Kingdom.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The UK's bicycle sales surge in 2020, followed by a stabilization, indicating a responsive market adapting to changing consumer behavior.
- The UK's inflation rates show a significant rise in 2022, followed by moderation, indicating responsive economic adjustments.
- The UK shows a consistent decline in e-bike battery prices, indicating technological advancements and a competitive market environment.
- The UK's hyper-local delivery sector is expanding, indicating a growing consumer reliance on digital platforms for local shopping needs.
- The UK shows a steady increase in trekker numbers, indicative of the sustained popularity of hiking and outdoor pursuits across its varied landscapes.
- Rising Traffic Congestion Index Promoting Shift to E-bikes for Commuting.
- The UK's GDP per capita shows resilience with recovery and growth post-2020, signaling economic strength.
- The UK's bicycle rental market rebounded impressively post-2020, maintaining a consistent upward trend and solid market presence.
- Battery Chemistry Innovations Influencing E-bike Pricing Trends.
- The UK's steady growth in dedicated bicycle lanes reflects ongoing efforts to encourage cycling as a healthy and eco-friendly mode of transportation.
- The UK is experiencing a consistent reduction in E-bike charging times, reflecting advancements in electric vehicle infrastructure and battery efficiency.
Segment Analysis: Propulsion Type
Pedal Assisted Segment in UK E-bike Market
The pedal assist bike segment dominates the UK e-bike market, commanding approximately 86% market share in 2024. This significant market position is attributed to several factors, including national regulations that favor pedelec propulsion over other types. These e-bikes provide riders with electric assistance while pedaling, making them particularly popular among commuters and fitness enthusiasts. The segment's dominance is further strengthened by continuous technological advancements, with manufacturers focusing on improving user interfaces and developing pedelec that integrate with riders' smartphones. The lower price point compared to other propulsion types and the fitness benefits of required pedaling action have made these e-bikes particularly attractive to health-conscious consumers.
Throttle Assisted Segment in UK E-bike Market
The throttle-assisted segment is emerging as the fastest-growing category in the UK e-bike market, particularly in applications requiring quick acceleration and ease of use in challenging terrains. Despite strict regulations limiting their use, these e-bikes are gaining popularity among specific user groups who value their ability to provide power without pedaling. The segment's growth is driven by technological improvements in motor efficiency and control systems, making them more compliant with UK regulations while maintaining their performance advantages. Manufacturers are focusing on developing innovative throttle control mechanisms that comply with the country's speed and safety regulations while meeting the growing demand for easier mobility solutions.
Remaining Segments in Propulsion Type
The speed pedelec segment represents a specialized niche in the UK e-bike market, offering higher-speed capabilities while still requiring pedal input from riders. These e-bikes are subject to stricter regulations, including mandatory helmet use, license requirements, and insurance coverage, which influences their market adoption. Despite these regulatory challenges, speed pedelecs are finding their place among long-distance commuters and enthusiasts who value their enhanced performance capabilities while maintaining the basic characteristics of traditional bicycles.
Segment Analysis: Application Type
City/Urban Segment in UK E-bike Market
The electric city bike segment dominates the UK e-bike market, commanding approximately 71% market share in 2024, driven by the increasing adoption of e-bikes for daily commuting in urban areas. This significant market position is attributed to several factors, including the segment's appeal to working professionals and younger generations who prefer faster travel in congested areas, easier parking options, and substantial fuel cost savings. The segment's growth is further supported by the UK government's various initiatives to promote cycling infrastructure in urban areas, including dedicated cycling lanes and bike-sharing schemes. Additionally, the post-pandemic shift in consumer behavior has led to a greater preference for personal transportation options, particularly in city environments where electric commuter bike offer an efficient alternative to public transport and private vehicles.
Trekking Segment in UK E-bike Market
The trekking segment is emerging as the fastest-growing category in the UK e-bike market, driven by increasing interest in recreational activities and adventure sports. The segment's growth is supported by the United Kingdom's diverse topography and extensive network of MTB trails, including popular locations like Alice Holt Forest, Cannock Chase Forest, and Wyre Forest. The development of specialized electric mountain bike trail centers has created a robust ecosystem for enthusiasts, contributing to the segment's expansion. The growing popularity of weekend recreational activities and trail riding, combined with increasing awareness of physical fitness and outdoor activities, is expected to drive substantial growth in this segment. The trend is further supported by manufacturers introducing advanced trekking e-bikes with improved battery life and motor efficiency, specifically designed for challenging terrains.
Remaining Segments in Application Type
The electric cargo bike segment represents an important niche in the UK e-bike market, primarily serving the growing demands of last-mile delivery services and business logistics. This segment has gained significant traction with the expansion of e-commerce and the increasing need for sustainable urban delivery solutions. The segment benefits from various government initiatives, including the eCargo Bike Grant Fund, which supports the adoption of electric cargo bike for green last-mile deliveries. The development of cargo e-bike networks across the United Kingdom has created opportunities for businesses, organizations, and community groups to experience the benefits of electric cargo bike, contributing to the segment's steady growth in the market.
Segment Analysis: Battery Type
Lithium-ion Battery Segment in UK E-bike Market
The electric bike battery segment dominates the UK e-bike market, commanding approximately 99% market share in 2024, owing to its superior characteristics including high energy density, longer lifespan, and faster charging capabilities. The segment's prominence is driven by continuous technological advancements in battery chemistry and manufacturing processes, leading to improved performance and reliability. Electric bike battery have become the preferred choice among e-bike manufacturers and consumers alike due to their lightweight nature, which contributes to better overall vehicle performance and range. The segment is also experiencing robust growth, supported by declining battery costs, increasing investment in battery technology research and development, and growing consumer preference for high-performance e-bikes. The integration of smart battery management systems and enhanced safety features has further strengthened the position of lithium-ion batteries in the market. Additionally, the segment's growth is bolstered by increasing environmental awareness and government initiatives promoting sustainable transportation solutions.
Remaining Segments in Battery Type
The lead acid battery segment, while historically significant in the e-bike market, has been experiencing a steady decline due to its limitations compared to lithium-ion alternatives. Lead acid batteries, despite their lower initial cost, face challenges due to their heavier weight, longer charging times, and shorter lifespan. The market has been witnessing a clear shift away from lead acid batteries as manufacturers and consumers increasingly prioritize performance and efficiency over initial cost savings. Other battery technologies in the market remain minimal, as the industry has largely standardized around lithium-ion technology due to its optimal balance of performance, cost, and reliability. The transition away from traditional battery technologies reflects the broader industry trend toward more advanced and sustainable power solutions for e-bikes.
United Kingdom E-bike Industry Overview
Top Companies in UK E-bike Market
The UK e-bike market is led by established manufacturers, including Giant Manufacturing, Trek Bicycle Corporation, Raleigh Bicycle Company, CUBE Bikes, and Brompton Bicycle. These companies are driving market growth through continuous product innovation, particularly in developing lightweight frames, advanced battery technology, and smart connectivity features. Companies are demonstrating operational agility by adapting their production and distribution networks to meet surging demand, especially in urban areas. Strategic moves focus on expanding direct-to-consumer channels while maintaining strong dealer networks, with many players establishing dedicated e-bike retail locations and experience centers. Market leaders are also pursuing geographical expansion through new manufacturing facilities and retail presence while simultaneously developing specialized e-bike models for different user segments like urban commuters, cargo delivery, and recreational riders.
Market Structure Shows Mixed Global-Local Presence
The UK e-bike market exhibits a balanced mix of global manufacturers and local specialists, with international players leveraging their established brand reputation and technological capabilities while local companies capitalize on their understanding of regional preferences and distribution networks. The market structure is characterized by moderate consolidation, with the top five players commanding significant market share while leaving room for specialized manufacturers and new entrants. Global conglomerates bring advantages in terms of research and development capabilities, supply chain optimization, and economies of scale, while local specialists excel in customization and after-sales service. The competitive dynamics are further shaped by the presence of both traditional bicycle manufacturers who have expanded into e-bikes and pure-play e-bike specialists.
The market has witnessed increasing merger and acquisition activity as established players seek to expand their technological capabilities and market reach. Traditional bicycle manufacturers are acquiring e-bike specialists to accelerate their entry into the electric segment, while technology companies are forming strategic partnerships to enhance connected features and smart mobility solutions. The competitive landscape is also influenced by vertical integration strategies, with some manufacturers developing proprietary battery systems and motor technologies to differentiate their offerings and maintain competitive advantages.
Innovation and Service Drive Market Success
For incumbent players to maintain and increase their market share, focus needs to be placed on continuous innovation in battery technology, motor efficiency, and connected features while maintaining competitive pricing strategies. Success factors include developing comprehensive product portfolios that address different user segments, establishing strong after-sales service networks, and building direct relationships with consumers through digital channels and experience centers. Companies must also invest in sustainable manufacturing practices and circular economy initiatives to align with growing environmental consciousness among consumers. The ability to scale production while maintaining quality standards and managing supply chain complexities will be crucial for market leaders.
Contenders looking to gain ground in the market should focus on identifying and serving underserved market segments, developing specialized products for specific use cases, and leveraging digital technologies for customer engagement and service delivery. Success will depend on building strong partnerships with component suppliers, establishing efficient distribution networks, and developing innovative financing and subscription models to make e-bikes more accessible to different customer segments. Companies must also stay ahead of evolving regulations regarding e-bike specifications, usage, and safety standards while maintaining flexibility to adapt to changing market conditions and consumer preferences.
United Kingdom E-bike Market Leaders
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Brompton Bicycle
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CUBE Bikes
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Giant Manufacturing Co. Ltd.
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Raleigh Bicycle Company
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Trek Bicycle Corporation
- *Disclaimer: Major Players sorted in no particular order
United Kingdom E-bike Market News
- December 2022: Volt Bikes and City AM collaborate to launch the ESG-Focused Project. Impact AM is a brand-new City AM division specializing in environmental, social, and governance issues.
- November 2022: The Tandem Group launched an e-mobility sales and demo showroom, under the Electric Life banner, in Birmingham.
- November 2022: CUBE announced the opening of its latest UK-based CUBE Store, located in Brunswick Place, Southampton.
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, UK, 2017 - 2029
- Figure 2:
- GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, UK, 2017 - 2029
- Figure 3:
- INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, UK, 2017 - 2029
- Figure 4:
- E-BIKE MARKET PENETRATION RATE, VOLUME PERCENTAGE, UK, 2017 - 2029
- Figure 5:
- PROPORTION OF 5-15 KM DAILY TRAVELERS, PERCENTAGE, UK, 2017 - 2029
- Figure 6:
- BICYCLE RENTAL SERVICE MARKET, REVENUE IN USD, UK, 2017 - 2029
- Figure 7:
- COST OF LI-ION BATTERIES FOR E-BIKES, VALUE IN USD PER KWH, UK, 2017 - 2029
- Figure 8:
- E-BIKE BATTERY TYPE PRICE COMPARISON, USD PER KWH, UK, 2017 - 2029
- Figure 9:
- HYPER LOCAL DELIVERY SERVICE MARKET, REVENUE IN USD, UK, 2017 - 2029
- Figure 10:
- LENGTH OF DEDICATED BICYCLE LANES, KM, UK, 2017 - 2022
- Figure 11:
- TREKKER POPULATION, UNIT, UK, 2017 - 2029
- Figure 12:
- AVERAGE CHARGING TIME OF E-BIKE BATTERIES, HOURS, UK, 2017 - 2029
- Figure 13:
- TRAFFIC CONGESTION INTENSITY INDEX, UK, 2017 - 2022
- Figure 14:
- UNITED KINGDOM E-BIKE MARKET, VOLUME, UNITS, 2017 - 2029
- Figure 15:
- UNITED KINGDOM E-BIKE MARKET, VALUE, USD MILLION, 2017 - 2029
- Figure 16:
- UNITED KINGDOM E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 17:
- UNITED KINGDOM E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 18:
- UNITED KINGDOM E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 19:
- UNITED KINGDOM 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, UK, 2017 - 2029
- Figure 21:
- E-BIKE MARKET, BY PROPULSION TYPE, PEDAL ASSISTED, VALUE, USD, UK, 2017 - 2029
- Figure 22:
- BREAKDOWN OF PEDAL ASSISTED E-BIKE MARKET BY APPLICATION TYPE, REVENUE SHARE (%), UK, 2023 VS 2029
- Figure 23:
- E-BIKE MARKET, BY PROPULSION TYPE, SPEED PEDELEC, VOLUME, UNITS, UK, 2017 - 2029
- Figure 24:
- E-BIKE MARKET, BY PROPULSION TYPE, SPEED PEDELEC, VALUE, USD, UK, 2017 - 2029
- Figure 25:
- BREAKDOWN OF SPEED PEDELEC E-BIKE MARKET BY APPLICATION TYPE, REVENUE SHARE (%), UK, 2023 VS 2029
- Figure 26:
- E-BIKE MARKET, BY PROPULSION TYPE, THROTTLE ASSISTED, VOLUME, UNITS, UK, 2017 - 2029
- Figure 27:
- E-BIKE MARKET, BY PROPULSION TYPE, THROTTLE ASSISTED, VALUE, USD, UK, 2017 - 2029
- Figure 28:
- BREAKDOWN OF THROTTLE ASSISTED E-BIKE MARKET BY APPLICATION TYPE, REVENUE SHARE (%), UK, 2023 VS 2029
- Figure 29:
- UNITED KINGDOM E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 30:
- UNITED KINGDOM E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 31:
- UNITED KINGDOM E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 32:
- UNITED KINGDOM 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, UK, 2017 - 2029
- Figure 34:
- E-BIKE MARKET, BY APPLICATION TYPE, CARGO/UTILITY, VALUE, USD, UK, 2017 - 2029
- Figure 35:
- BREAKDOWN OF CARGO/UTILITY E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), UK, 2023 VS 2029
- Figure 36:
- E-BIKE MARKET, BY APPLICATION TYPE, CITY/URBAN, VOLUME, UNITS, UK, 2017 - 2029
- Figure 37:
- E-BIKE MARKET, BY APPLICATION TYPE, CITY/URBAN, VALUE, USD, UK, 2017 - 2029
- Figure 38:
- BREAKDOWN OF CITY/URBAN E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), UK, 2023 VS 2029
- Figure 39:
- E-BIKE MARKET, BY APPLICATION TYPE, TREKKING, VOLUME, UNITS, UK, 2017 - 2029
- Figure 40:
- E-BIKE MARKET, BY APPLICATION TYPE, TREKKING, VALUE, USD, UK, 2017 - 2029
- Figure 41:
- BREAKDOWN OF TREKKING E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), UK, 2023 VS 2029
- Figure 42:
- UNITED KINGDOM E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 43:
- UNITED KINGDOM E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 44:
- UNITED KINGDOM E-BIKE MARKET, BY BATTERY TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 45:
- UNITED KINGDOM 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, UK, 2017 - 2029
- Figure 47:
- E-BIKE MARKET, BY BATTERY TYPE, LEAD ACID BATTERY, VALUE, USD, UK, 2017 - 2029
- Figure 48:
- BREAKDOWN OF LEAD ACID BATTERY E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), UK, 2023 VS 2029
- Figure 49:
- E-BIKE MARKET, BY BATTERY TYPE, LITHIUM-ION BATTERY, VOLUME, UNITS, UK, 2017 - 2029
- Figure 50:
- E-BIKE MARKET, BY BATTERY TYPE, LITHIUM-ION BATTERY, VALUE, USD, UK, 2017 - 2029
- Figure 51:
- BREAKDOWN OF LITHIUM-ION BATTERY E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), UK, 2023 VS 2029
- Figure 52:
- E-BIKE MARKET, BY BATTERY TYPE, OTHERS, VOLUME, UNITS, UK, 2017 - 2029
- Figure 53:
- E-BIKE MARKET, BY BATTERY TYPE, OTHERS, VALUE, USD, UK, 2017 - 2029
- Figure 54:
- BREAKDOWN OF OTHERS E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), UK, 2023 VS 2029
- Figure 55:
- UNITED KINGDOM E-BIKE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
- Figure 56:
- UNITED KINGDOM E-BIKE MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
- Figure 57:
- UNITED KINGDOM E-BIKE MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2022
United Kingdom 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 |
Pedal Assisted |
Speed Pedelec |
Throttle Assisted |
Cargo/Utility |
City/Urban |
Trekking |
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