Germany E-bike Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 8.31 Billion |
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Market Size (2029) | USD 12.46 Billion |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 8.42 % |
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Fastest Growing by Propulsion Type | Throttle Assisted |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Germany E-bike Market Analysis
The Germany E-bike Market size is estimated at 8.31 billion USD in 2024, and is expected to reach 12.46 billion USD by 2029, growing at a CAGR of 8.42% during the forecast period (2024-2029).
8.31 Billion
Market Size in 2024 (USD)
12.46 Billion
Market Size in 2029 (USD)
27.15 %
CAGR (2017-2023)
8.42 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
79.90 %
value share, Pedal Assisted, 2023
The German market was dominated by the pedal-assisted e-bike segment mainly because pedal-assisted e-bikes do not require registration and licensing and face lesser regulations than other categories.
Largest Segment by Application Type
71.33 %
value share, City/Urban, 2023
City/urban bikes are the most used and demanding bikes as a result of the increased awareness of their advantages, such as speedier commuting in traffic-congested regions and easier parking.
Largest Segment by Battery Type
99.74 %
value share, Lithium-ion Battery, 2023
Lithium-ion batteries are the largest used battery type due to various advantages over conventional batteries, such as quick charging, long life span, and long-range offerings.
Fastest-growing Segment by Propulsion Type
8.46 %
Projected CAGR, Throttle Assisted, 2024-2029
A rise in leisure activities, including off-road riding and long-distance trips, and the consumer preference for speedy bikes over cars for daily commutes are making speed pedelec the fastest-growing segment in the market.
Leading Market Player
19.02 %
market share, MHW Bike-House GmbH (Cube Bikes), 2022
A strong product portfolio that offers more than 290 products and a vast collection of clothing and accessories make Cube the largest market player in Germany.
PROPULSION SEGMENT MARKET OVERVIEW
- Germany is one of the leading regions of the European e-bike industry. Some of the major factors driving sales in the e-bike market are the innovative features of the products, fully integrated batteries and drives, appealing designs, and the use of high-quality materials.
- Players like VW and Gazelle unveiled new e-cargo bikes at the 2018 IAA (Internationale Automobil-Ausstellung) Commercial Vehicles exhibition in Hannover, Germany, to address the demands of the logistics industry. One of the Pon Bike Group's companies, Gazelle, collaborated with Aluca and DOCKR (mobility as a services (MaaS) start-up) to produce the Gazell D10 cargo e-bike model. The new cargo e-bike, known as the light electrical freight transporter (LEFT), has a capacity of 100 kg and can carry up to two conventional carriage boxes with Euro Pallet dimensions (1,200*800*1,100 mm). A 250 W Bosch Performance CX motor and a 1000 Wh battery are included with the LEFT.
- Germany's government and citizens are expected to switch to electric vehicles as gasoline prices increase and people grow more environmentally conscious. Speed pedelecs are expected to overtake the pedal-assisted bicycles as the most practical mode of transportation, even if they are best for shorter trips. Speed pedelecs will likely become more popular as power and speed capabilities advance.
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Germany E-bike Market Trends
Germany exhibits a significant and consistent increase in E-Bike adoption rates, highlighting a strong market penetration and consumer acceptance.
- The bicycle has gradually become one of the popular modes of daily commuting over the past few years in Germany. Moreover, the launch of e-bikes has increased the demand for bicycles in recent years. continuous growth in pollution and traffic conditions along with a hike in fuel prices have increased adoption of the e-bikes across the country. Germany is witnessing a sales growth of e-bikes under a variety of age groups and people between the age of 45 and above are highly showing interest in the bikes. As a result, the adoption rate for e-bikes has increased to 23.40% in 2018 over 2017.
- The pandemic wave in 2020 has created a positive impact on the e-bike market across Germany. Factors such as taking measures of social distancing and anxiety about using public transportation have changed the commuting methods of the consumer which further has brought a big boom in the adoption of e-bicycles by growth of around 7% in 2020 over the year 2019.
- The e-bicycle companies are launching new models with advanced technologies and high-tech features such as long battery ranges, which are attracting customers due to which the interest in e-bikes among the people of Germany is growing significantly. Moreover, the preference of consumers for a carbon-free and healthier ride along with fuel saving is contributing to the higher adoption rate of e-bicycles. Owing to such factors the country has witnessed an e-bike adoption rate increased to 42.60% in 2021 over 2020, which is projected to grow during the forecast period in Germany.
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Germany shows a stable percentage of commuters traveling 5-15 km daily, indicating consistent commuting patterns.
- People in different cities have started to gradually adopt the bicycle culture, and Germany has seen a huge increase in the demand for bicycles. Approximately 23% of people opt for bicycles to get to work, schools, or universities. The investments in cycling infrastructure and public transportation networks are encouraging people to choose a bicycle over other vehicles. An increase in the number of commuters with 5-15 km travel in 2020 also increased the demand for bicycles in Germany.
- The COVID-19 pandemic in Germany in 2020 led to the shutdown of gyms and public transit, and people in Germany rediscovered bicycles as a safe, socially isolating mode of transportation. Aside from this, during the pandemic, people chose to exercise through bicycling or going for weekend recreational runs to nearby locations, increasing the number of commuters within the range of 5-15 km across the country. The introduction of e-bikes with advanced battery packs for providing an enhanced range of up to 40-45 km is boosting the demand for bicycles, especially by consumers traveling a distance of 5-15 km daily.
- Individuals became habitual to riding bicycles after the pandemic. After the removal of the COVID-19 restrictions, many people started commuting by bicycle daily between offices, businesses, and adjacent markets within a range of 5-15 km. In 2021, about 10% of users traveled by bicycle daily to their workplaces. On alternative days, around 17% of people opted for bicycles to travel to offices. Bicycle commuters are on the rise, partly due to the health benefits, carbon-free journeys, and time savings from avoiding traffic jams. Such factors are expected to increase the number of commuters within the 5-15 km travel range, reaching 67.2% in 2029 across Germany.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Germany's bicycle sales peak in 2020, followed by a stabilization, pointing to a robust market responding to heightened demand during that period.
- Inflation rates indicate a peak in 2022, with subsequent stabilization, signaling a resilient economy responding to external pressures.
- Germany's decreasing e-bike battery prices suggest enhanced production efficiencies and a robust market demand.
- Germany's incremental growth in dedicated bicycle lanes demonstrates a strong commitment to cycling infrastructure, enhancing urban mobility and environmental sustainability.
- Germany's E-bike charging time is steadily decreasing, showcasing the country's innovation in battery technology and support for electric mobility.
- Despite a brief stabilization, Germany's GDP per capita indicates a strong economy with consistent growth over the years.
- Germany's bicycle rental market, after a peak in 2020, shows a solid growth pattern, indicating sustained demand and market stability.
- Germany's hyper-local delivery sector shows a consistent increase, reflecting an adaptation to digital solutions for localized consumer needs.
- Germany's trekker community is expanding steadily, highlighting the country's strong outdoor culture and well-maintained hiking trails.
- Germany's Traffic Congestion Index displays a slight fluctuation, suggesting varying effectiveness of traffic management strategies over the years.
Germany E-bike Industry Overview
The Germany E-bike Market is moderately consolidated, with the top five companies occupying 53.18%. The major players in this market are Cartrend GmbH (Fischer), GROUPE SPORTIF PTY LTD (Haibike), Kalkhoff Werke GmbH, KTM Bike Industries and MHW Bike-House GmbH (Cube Bikes) (sorted alphabetically).
Germany E-bike Market Leaders
Cartrend GmbH (Fischer)
GROUPE SPORTIF PTY LTD (Haibike)
Kalkhoff Werke GmbH
KTM Bike Industries
MHW Bike-House GmbH (Cube Bikes)
Other important companies include Focus Bikes, Giant Manufacturing Co. Ltd., Prophete GmbH & Co. KG, Specialized Bicycle Components, Winora Staiger GmbH.
*Disclaimer: Major Players sorted in alphabetical order.
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Germany E-bike Market News
- November 2022: The Stormguard E+, a full-suspension e-bike, is unveiled by Giant. The bicycles will be available for purchase in Europe in 2023 and will cost 7,999 Euros for the E+1 and 6,499 Euros for the E+2.
- November 2022: Focus Bikes Drops The Fancy JAM² SL Electric Mountain Bike, This sleek and athletic 29er has a carbon frame and a Fazua Drive 60 system.
- September 2022: Haibike has launched the Lyke, a new e-MTB aimed at the emerging lightweight e-MTB category. The Lyke eMTB is offered with a removable Watt Hour Battery.
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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.
Germany E-bike Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Bicycle Sales
- 4.2 GDP Per Capita
- 4.3 Inflation Rate
- 4.4 Adoption Rate Of E-Bikes
- 4.5 Percent Population/Commuters With 5-15 Km Daily Travel Distance
- 4.6 Bicycle Rental
- 4.7 E-Bike Battery Price
- 4.8 Price Chart Of Different Battery Chemistry
- 4.9 Hyper-Local Delivery
- 4.10 Dedicated Bicycle Lanes
- 4.11 Number Of Trekkers
- 4.12 Battery Charging Capacity
- 4.13 Traffic Congestion Index
- 4.14 Regulatory Framework
- 4.15 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Propulsion Type
- 5.1.1 Pedal Assisted
- 5.1.2 Speed Pedelec
- 5.1.3 Throttle Assisted
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5.2 Application Type
- 5.2.1 Cargo/Utility
- 5.2.2 City/Urban
- 5.2.3 Trekking
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5.3 Battery Type
- 5.3.1 Lead Acid Battery
- 5.3.2 Lithium-ion Battery
- 5.3.3 Others
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Cartrend GmbH (Fischer)
- 6.4.2 Focus Bikes
- 6.4.3 Giant Manufacturing Co. Ltd.
- 6.4.4 GROUPE SPORTIF PTY LTD (Haibike)
- 6.4.5 Kalkhoff Werke GmbH
- 6.4.6 KTM Bike Industries
- 6.4.7 MHW Bike-House GmbH (Cube Bikes)
- 6.4.8 Prophete GmbH & Co. KG
- 6.4.9 Specialized Bicycle Components
- 6.4.10 Winora Staiger GmbH
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR E BIKES CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- GERMANY E-BIKE MARKET, BICYCLE SALES, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 2:
- GERMANY E-BIKE MARKET, GDP PER CAPITA, VALUE, USD, 2017 - 2029
- Figure 3:
- GERMANY E-BIKE MARKET, INFLATION RATE, VALUE, PERCENT, 2017 - 2029
- Figure 4:
- GERMANY E-BIKE MARKET, ADOPTION RATE, VOLUME, PERCENT, 2017 - 2029
- Figure 5:
- GERMANY E-BIKE MARKET, COMMUTERS WITH 5-15 KM TRAVEL DISTANCE, VOLUME, PERCENT, 2017 - 2029
- Figure 6:
- GERMANY E-BIKE MARKET, BICYCLE RENTAL, VALUE, USD MILLION, 2017 - 2029
- Figure 7:
- GERMANY E-BIKE MARKET, E-BIKE BATTERY PRICE, VALUE, USD, 2017 - 2029
- Figure 8:
- GERMANY E-BIKE MARKET, PRICE CHART OF DIFFERENT BATTERY CHEMISTRY, VALUE, USD, 2017 - 2029
- Figure 9:
- GERMANY E-BIKE MARKET, HYPER-LOCAL DELIVERY, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 10:
- GERMANY E-BIKE MARKET, DEDICATED BICYCLE LANES, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 11:
- GERMANY E-BIKE MARKET, NUMBER OF TREKKERS, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 12:
- GERMANY E-BIKE MARKET, BATTERY CHARGING CAPACITY, VOLUME, UNITS, 2017 - 2029
- Figure 13:
- GERMANY E-BIKE MARKET, TRAFFIC CONGESTION INDEX, VOLUME, PERCENT, 2017 - 2022
- Figure 14:
- GERMANY E-BIKE MARKET, VOLUME, UNITS, 2017 - 2029
- Figure 15:
- GERMANY E-BIKE MARKET, VALUE, USD MILLION, 2017 - 2029
- Figure 16:
- GERMANY E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 17:
- GERMANY E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 18:
- GERMANY E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 19:
- GERMANY E-BIKE MARKET, BY PROPULSION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 20:
- GERMANY E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 21:
- GERMANY E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 22:
- GERMANY E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 23:
- GERMANY E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 24:
- GERMANY E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 25:
- GERMANY E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 26:
- GERMANY E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 27:
- GERMANY E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 28:
- GERMANY E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 29:
- GERMANY E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 30:
- GERMANY E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 31:
- GERMANY E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 32:
- GERMANY E-BIKE MARKET, BY APPLICATION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 33:
- GERMANY E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 34:
- GERMANY E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 35:
- GERMANY E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 36:
- GERMANY E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 37:
- GERMANY E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 38:
- GERMANY E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 39:
- GERMANY E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 40:
- GERMANY E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 41:
- GERMANY E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 42:
- GERMANY E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 43:
- GERMANY E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 44:
- GERMANY E-BIKE MARKET, BY BATTERY TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 45:
- GERMANY E-BIKE MARKET, BY BATTERY TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 46:
- GERMANY E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 47:
- GERMANY E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 48:
- GERMANY E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 49:
- GERMANY E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 50:
- GERMANY E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 51:
- GERMANY E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 52:
- GERMANY E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 53:
- GERMANY E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 54:
- GERMANY E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 55:
- GERMANY E-BIKE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 56:
- GERMANY E-BIKE MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 57:
- GERMANY E-BIKE MARKET SHARE(%), BY MAJOR PLAYERS, 2022
Germany 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.
- Germany is one of the leading regions of the European e-bike industry. Some of the major factors driving sales in the e-bike market are the innovative features of the products, fully integrated batteries and drives, appealing designs, and the use of high-quality materials.
- Players like VW and Gazelle unveiled new e-cargo bikes at the 2018 IAA (Internationale Automobil-Ausstellung) Commercial Vehicles exhibition in Hannover, Germany, to address the demands of the logistics industry. One of the Pon Bike Group's companies, Gazelle, collaborated with Aluca and DOCKR (mobility as a services (MaaS) start-up) to produce the Gazell D10 cargo e-bike model. The new cargo e-bike, known as the light electrical freight transporter (LEFT), has a capacity of 100 kg and can carry up to two conventional carriage boxes with Euro Pallet dimensions (1,200*800*1,100 mm). A 250 W Bosch Performance CX motor and a 1000 Wh battery are included with the LEFT.
- Germany's government and citizens are expected to switch to electric vehicles as gasoline prices increase and people grow more environmentally conscious. Speed pedelecs are expected to overtake the pedal-assisted bicycles as the most practical mode of transportation, even if they are best for shorter trips. Speed pedelecs will likely become more popular as power and speed capabilities advance.
| Propulsion Type | Pedal Assisted |
| Speed Pedelec | |
| Throttle Assisted | |
| Application Type | Cargo/Utility |
| City/Urban | |
| Trekking | |
| Battery Type | Lead Acid Battery |
| Lithium-ion Battery | |
| Others |
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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. |
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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
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