APAC Electric Bicycle Market (2022-2030) by Propulsion Type (Pedal Assist, Throttle Assist), Battery Type (Lithium-Ion Battery, Lead-Acid Battery), Horsepower, Application, and Region – ResearchAndMarkets. com
DUBLIN–(BUSINESS WIRE)–The “APAC Electric Bicycle Market Size, Share and Trend Analysis Report By Propulsion Type (Pedal Assist, Throttle Assist), By Battery Type (Lithium-Ion Battery, Battery (leaded), by Power, by Application, by Region & Segment Forecast, 2022-2030″ report has been added to from ResearchAndMarkets.com offer.
The APAC e-bike market size is expected to reach USD 125.9 billion by 2030, growing at a CAGR of 15.6% over the forecast period. Growing adoption of e-bikes by the young population, increasing purchasing power of the middle-class population in developing countries, and rapid urbanization are expected to significantly boost the demand for products in the region.
The demand for mountain e-bikes has increased significantly over varieties such as cargo and urban e-bikes over the past few years. This can be attributed to the fact that electric mountain bikes are suitable for off-roading as their ruggedness allows for a safe riding experience even on slippery and wet terrain. Additionally, their strength makes them desirable for road traffic, encouraging their use for regular trips to shopping or work in most cities.
Growing urbanization and low propensity of consumers to use cars due to increased traffic on the roads are expected to provide lucrative opportunities for market growth. Additionally, governments in various countries including China and India are focusing on developing cycling infrastructure due to the growing consumer preference for e-bikes. The infrastructure includes public charging stations and cycle paths. For example, Sanyo has introduced two solar parking lots in Tokyo and supplied 100 eneloop hybrid electric bicycles to Tokyo, Japan.
Key players in the Asia-Pacific electric bicycle market include Merida Industry Co. Ltd, Yamaha Motor Company, Aima Technology Group Co. Ltd., Yadea Group Holdings Ltd., Pedego Electric Bikes. These players focus on new product launches to enrich their product offerings. For example, in July 2020, Yamaha Bicycles announced the launch of the new e-bike, Civante Class 3. The launch helped the company expand its line of fitness-focused road bike products.
By propulsion type, the pedal assist segment is expected to lead the market over the forecast period. This can be attributed to the growing demand for electric pedal bikes among young and old people.
Battery-based, the lead-acid battery segment dominated the market with a revenue share of 56.1% in 2021 due to advantages such as low cost and robustness. However, the share is expected to decline rapidly due to a significant increase in demand for Li-Ion batteries.
India is expected to be the largest regional market during the forecast period due to large investments in vehicle charging infrastructure and government subsidies for battery vehicles
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends and Scope
3.1. Mapping of penetration and growth prospects
3.2. Industry Value Chain Analysis
3.3. Market dynamics
3.4. Market analysis tools
3.5. Business Ranking Analysis, 2021
3.6. Impact of COVID-19 on the APAC Electric Bicycle Market
Chapter 4. APAC Electric Bicycle Market: Propulsion Type Outlook
4.1. Market size estimates & forecasts and trend analysis, 2018-2030 (USD Million)
Chapter 5. APAC Electric Bicycle Market: Battery Type Outlook
5.1. Market size estimates & forecasts and trend analysis, 2018-2030 (USD Million)
Chapter 6. APAC Electric Bicycle Market: Power Outlook
6.1. Market size estimates & forecasts and trend analysis, 2018-2030 (USD Million)
Chapter 7. APAC Electric Bicycle Market: Application Outlook
7.1. Market size estimates & forecasts and trend analysis, 2018-2030 (USD Million)
Chapter 8. APAC Electric Bicycle Market: Regional Outlook
8.1. APAC e-bike market, by region, 2021 & 2030
8.2. Asia Pacific
Chapter 9. Competitive Landscape
Accell Group SA
Aima Technology Group Co. Ltd.
Giant Manufacturing Co.Ltd.
Merida Industry Co.Ltd
Pedego Electric Bikes
Rad Power Bikes LLC
Trek Bicycle Corporation
Yadea Group Holdings Ltd.
Yamaha Motor Company
For more information on this report, visit https://www.researchandmarkets.com/r/56p9co