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CHINA E-BIKE MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

China E-bike Market by Design (Foldable, Unfoldable) Market by Type (Pedelecs, Throttle on Demand, Scooters, Motorcycles) Market by Drive Mechanism (Hub Motor, Mid-drive) Market by Battery (Lithium-ion, Lead Acid) Market by Power (Less Than & Equal to 250 W, Above 250 W)


MARKET OVERVIEW

The China e-bike market is anticipated to project a CAGR of 8.16% across the forecast period of 2024-2032, capturing a revenue of $xx million by 2032.

In 2023, China dominated the Asia-Pacific e-bike market, contributing a staggering xx% in terms of revenue. This dominance stems from the country’s widespread adoption of electric bikes, driven by the need to navigate heavy traffic and combat escalating vehicle pollution. Looking ahead, the trend of e-bike adoption is expected to persist, fueled by declining purchase costs.

China E-Bike Market

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Electric bikes now represent a significantly more affordable transportation option compared to conventional cars, opening accessibility to a broader spectrum of Chinese consumers. Several factors contribute to this affordability shift. Over time, the price of e-bikes has decreased, while gasoline prices have risen, and electricity costs in rural areas have dropped. Consequently, e-bikes now stand as a more economically competitive alternative to gasoline-powered scooters. 

Furthermore, China’s significant import and export volumes of e-bikes underscore its position as the leading global exporter in this market. This factor is prompting Chinese e-bike manufacturers to explore production opportunities in other countries in the foreseeable future. Additionally, the country has also taken proactive steps to enhance the safety and technical specifications of electric bicycles, thereby bolstering the China e-bike market growth during the forecast period.  

The China e-bike market segmentation includes design, type, drive mechanism, battery, and power. The drive mechanism segment comprises hub motor and mid-drive. Hub motors stand out as a prevalent propulsion mechanism in the e-bike market. Its functionality entails the integration of a hub motor positioned either at the front or rear wheel, accompanied by wiring extending to the battery and motor controller, typically situated at the rear. 

The motor configuration stimulates a sensation akin to all-wheel-drive, wherein the rider’s pedal action propels the rear wheel while the motor impels the front wheel forward. Conversely, rear hub motors excel in handling higher power demands, owing to the frame’s capacity to withstand greater torque at the rear axle, thus facilitating throttle, cadence, and torque sensor pedal assistance.

Within the domain of hub motors, two primary variations emerge: geared hub motors and gearless hub motors. Geared hub motors use internal gears to slow down the motor’s speed, which is handy for high-speed motors. On the other hand, gearless hub motors skip gears altogether, connecting the motor directly to the bicycle’s axle and making them simpler in design.

Some of the leading players in the China e-bike market are Derby Cycle Holding GmbH, BionX International Corporation, Robert Bosch GmbH, etc.

Derby Cycle Holding GmbH, headquartered in Germany, is a key player in the cycling industry. Its portfolio encompasses five distinct brands—Focus, Kalkhoff, Raleigh, Univega, and Rixe. The company has diversified its offerings to include a range of e-bikes, catering to the evolving demands of modern cyclists.

Beyond electric bicycles, Derby Cycle showcases a comprehensive lineup that caters to various cycling disciplines, ranging from competitive racing bikes to rugged mountain bikes, as well as top-tier trekking models and city-centric designs. Additionally, the company also extends its reach to encompass off-road options and children’s bikes, ensuring a comprehensive selection suited for both everyday commuting and adventure-travel pursuits.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast Units

Revenue ($ Million)

Segments Analyzed
Design, Type, Drive Mechanism, Battery, and Power
Countries AnalyzedChina
Companies AnalyzedAccell Group, BionX International Corporation, Robert Bosch GmbH, Hero Cycles Ltd, Yamaha Motor Group, Derby Cycle Holding GmbH
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. MAJOR MARKET FINDINGS
      1. RISING URBANIZATION AND EXPANDING CITY DENSITY DEMAND COMPACT MOBILITY WITH LOWER ENVIRONMENTAL IMPACT
      2. ELECTRIC MOUNTAIN BIKES GAINING TRACTION DUE TO RECREATIONAL ACTIVITIES AND ATHLEISURE PREFERENCES
      3. INCREASE IN CARGO E-BIKE ADOPTION FOR LAST-MILE DELIVERIES REFLECTS CHANGING RETAIL/LOGISTICS PRIORITIES
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. SUPPORTIVE GOVERNMENT POLICIES PROMOTING SUSTAINABLE TRANSPORT OPTIONS
      2. GROWING CONSUMER INCLINATION TOWARDS ECO-FRIENDLY COMMUTING SOLUTIONS
      3. INCREASED INVESTMENTS IN CONNECTED INFRASTRUCTURE SUITABLE FOR E-BIKES
      4.  RAPID TECHNOLOGICAL PROGRESS MAKE E-BIKES MORE ADVANCED AND AFFORDABLE
      5. RISING FUEL PRICES STIMULATE DEMAND FOR COST-EFFECTIVE TRANSPORTATION
    2. KEY RESTRAINTS
      1. HIGH UPFRONT COSTS OF PURCHASING E-BIKES
      2. LACK OF CYCLING INFRASTRUCTURE HAMPERS ADOPTION 
      3. CONCERNS RELATED TO E-BIKE SAFETY FEATURES AND LIABILITY REQUIREMENTS
      4. LIMITED CONSUMER AWARENESS RESTRICTS MAINSTREAM POPULARITY
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. CUSTOMIZATION FOR DIVERSE RIDING STYLES AND NEEDS LIKE POWER, SPEED, AND RANGE
      2. INCREASED USAGE OF LIGHTWEIGHT YET DURABLE FRAMES SUCH AS CARBON FIBER
      3. RISING EMPHASIS ON SWAPPABLE BATTERIES FOR LONGER DISTANCES
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR CHINA
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. COMPONENT SOURCING AND INTEGRATION
      2. DISTRIBUTION AND RETAIL CHANNELS
      3. TECHNOLOGICAL INNOVATION AND R&D
      4. AFTER-SALES SERVICES AND CUSTOMER SUPPORT
    7. KEY BUYING CRITERIA
      1. BATTERY PERFORMANCE AND RANGE
      2. TECHNOLOGY AND CONNECTIVITY FEATURES
      3. DESIGN AND BUILD QUALITY
      4. REGULATORY COMPLIANCE AND STANDARDS
    8. REGULATORY FRAMEWORK
  5. MARKET BY DESIGN
    1. FOLDABLE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. UNFOLDABLE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY TYPE
    1. PEDELECS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. THROTTLE ON DEMAND
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. SCOOTERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. MOTORCYCLES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY DRIVE MECHANISM 
    1. HUB MOTOR
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. MID-DRIVE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. MARKET BY BATTERY 
    1. LITHIUM-ION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. LEAD ACID
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  9. MARKET BY POWER
    1. LESS THAN & EQUAL TO 250 W
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. ABOVE 250 W
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ACCELL GROUP
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. BIONX INTERNATIONAL CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. ROBERT BOSCH GMBH
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. HERO CYCLES LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. YAMAHA MOTOR GROUP
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. DERBY CYCLE HOLDING GMBH
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – E-BIKE MARKET 

TABLE 2: CHINA E-BIKE MARKET REGULATORY FRAMEWORK

TABLE 3: CHINA E-BIKE MARKET, BY DESIGN, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 4: CHINA E-BIKE MARKET, BY DESIGN, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 5: CHINA E-BIKE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: CHINA E-BIKE MARKET, BY TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 7: CHINA E-BIKE MARKET, BY DRIVE MECHANISM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: CHINA E-BIKE MARKET, BY DRIVE MECHANISM, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 9: CHINA E-BIKE MARKET, BY BATTERY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 10: CHINA E-BIKE MARKET, BY BATTERY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 11: CHINA E-BIKE MARKET, BY POWER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 12: CHINA E-BIKE MARKET, BY POWER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 13: LIST OF MERGERS & ACQUISITIONS

TABLE 14: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 15: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 16: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR CHINA

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: CHINA E-BIKE MARKET, GROWTH POTENTIAL, BY DESIGN, IN 2023

FIGURE 7: CHINA E-BIKE MARKET, BY FOLDABLE, 2024-2032 (IN $ MILLION)

FIGURE 8: CHINA E-BIKE MARKET, BY UNFOLDABLE, 2024-2032 (IN $ MILLION)

FIGURE 9: CHINA E-BIKE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2023

FIGURE 10: CHINA E-BIKE MARKET, BY PEDELECS, 2024-2032 (IN $ MILLION)

FIGURE 11: CHINA E-BIKE MARKET, BY THROTTLE ON DEMAND, 2024-2032 (IN $ MILLION)

FIGURE 12: CHINA E-BIKE MARKET, BY SCOOTERS, 2024-2032 (IN $ MILLION)

FIGURE 13: CHINA E-BIKE MARKET, BY MOTORCYCLES, 2024-2032 (IN $ MILLION)

FIGURE 14: CHINA E-BIKE MARKET, GROWTH POTENTIAL, BY DRIVE MECHANISM, IN 2023

FIGURE 15: CHINA E-BIKE MARKET, BY HUB MOTOR, 2024-2032 (IN $ MILLION)

FIGURE 16: CHINA E-BIKE MARKET, BY MID-DRIVE, 2024-2032 (IN $ MILLION)

FIGURE 17: CHINA E-BIKE MARKET, GROWTH POTENTIAL, BY BATTERY, IN 2023

FIGURE 18: CHINA E-BIKE MARKET, BY LITHIUM-ION, 2024-2032 (IN $ MILLION)

FIGURE 19: CHINA E-BIKE MARKET, BY LEAD ACID, 2024-2032 (IN $ MILLION)

FIGURE 20: CHINA E-BIKE MARKET, GROWTH POTENTIAL, BY POWER, IN 2023

FIGURE 21: CHINA E-BIKE MARKET, BY LESS THAN & EQUAL TO 250 W, 2024-2032 (IN $ MILLION)

FIGURE 22: CHINA E-BIKE MARKET, BY ABOVE 250 W, 2024-2032 (IN $ MILLION)

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