Switzerland E-Bike Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 441.91 Million |
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Market Size (2029) | USD 621.43 Million |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 7.06 % |
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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 |
Switzerland E-Bike Market Analysis
The Switzerland E-bike Market size is estimated at 441.91 million USD in 2024, and is expected to reach 621.43 million USD by 2029, growing at a CAGR of 7.06% during the forecast period (2024-2029).
441.91 Million
Market Size in 2024 (USD)
621.43 Million
Market Size in 2029 (USD)
19.52 %
CAGR (2017-2023)
7.06 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
70.43 %
value share, Pedal Assisted, 2023
Low cost, long battery life, less maintenance cost, and three to five pedal assist modes, depending on the model, are the factors responsible for the higher sales of pedal-assisted bikes than other propulsion types.
Largest Segment by Application Type
76.78 %
value share, City/Urban, 2023
City/urban bike is the largest category in application type due to the increased awareness about the benefits of cycling, such as quicker travel times in traffic, easy parking, and fuel savings.
Largest Segment by Battery Type
100 %
value share, Lithium-ion Battery, 2023
Declining prices as technology ages, fast-charging ability, durability, lesser weight, and increased range than lead-acid batteries are the factors that make the lithium-ion battery segment the largest battery type.
Fastest-growing Segment by Propulsion Type
8.20 %
Projected CAGR, Speed Pedelec, 2024-2029
The speed pedelec segment is the fastest-growing segment by propulsion type due to the growth in leisure activities, like off-road riding and long-distance travel, and people’s preference for bikes over cars for daily commutes.
Leading Market Player
19.18 %
market share, Swiss E-Mobility Group (SEMG), 2022
Swiss E-Mobility Group (SEMG) runs the largest pure-play E-bikes shop chain in Switzerland. The company sells bicycles under various Swiss brands such as Allegro, Cilo, Simpel, and Zenith bikes.
PROPULSION SEGMENT MARKET OVERVIEW
- Initially, the COVID-19 pandemic slowed the expansion of the e-bike sector. However, with the increased importance of personal vehicles over public transport during the pandemic, consumers in Switzerland began to shift toward e-bikes as a daily commuting option. Individuals are also looking for a single-person commute that saves fuel costs while avoiding traffic.
- The local governments in the country are providing subsidies to increase the sales of e-bikes. For instance, in Geneva, the maximum purchase price of an e-bike is CHF 250 (maximum 50% purchase price), while that of a cargo bike is CHF 500 (maximum 10% of the price).
- New companies are looking to enter this fragmented market, while established players are adopting various growth strategies, such as collaboration and expansion, to increase their revenues. For instance, in June 2021, following the success of its pilot project with the city of Zug, AirBie collaborated with Swiss e-bike manufacturer Flyer AG to start an open-access e-bike sharing service in Zug, Baar, and Cham. Thus, due to such factors, the demand for e-bikes in the country has been growing rapidly and may continue to grow over the forecast period.
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Switzerland E-bike Market Trends
Switzerland exhibits a high and steadily increasing E-Bike adoption rate, reflecting a mature market and strong consumer demand.
- While the country witnessed significant growth in the sales of bicycles over the past few years, in recent years, people have started shifting toward e-bikes, with consumers over the age of 40 highly contributing to the growth in the demand for e-bikes. Effortless riding in a given range, exercise benefits, and the ability to save time during traffic congestion have increased the adoption of e-bicycles in the country. These factors, along with reduced fuel costs and eco-friendly rides, accelerated the e-bicycle adoption rate in Switzerland in 2019.
- The COVID-19 pandemic positively affected the bicycle industry in Switzerland. Consumers not wishing to use public or rented transportation to maintain social distancing changed their commuting methods and invested in e-bikes, which are among the most convenient and affordable options among daily modes of commuting to offices and nearby places. Such factors further accelerated the adoption rate of e-bikes in 2020 across Switzerland.
- The drop in COVID-19 cases and the easing of government regulations saw the resumption of business operations and the removal of trade barriers, which resulted in good growth in the sales of e-bicycles in the country in 2021. The unveiling of new products and models with advanced features such as long battery life, good warranty offers, cashback, and discount schemes are projected to increase the adoption rate of e-bikes during the forecast period in Switzerland.
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Switzerland maintains a stable percentage of commuters traveling 5-15 km daily, indicating consistent commuting distances.
- Switzerland is highly popular for bicyclers and the country has witnessed a significant number of bicycle users over the past few years. However, most of people traveling to various places such as offices, businesses, or market areas opted for other means of transport as approximately 50% of the population opted for cars in 2020, and close to 10% of people opted for the bicycle (including e-bikes) to travel from 5 to 15 kilometers.
- The Swiss bicycle market was dramatically impacted by worries about COVID-19 and the pandemic wave. People chose to walk or bike instead of taking public transportation to work. After the pandemic's effects, fewer people used public transportation, which led to an increase in daily bicycle commuters of by 0.2% in 2021 over 2020. Additionally, the developments in e-bikes with advanced features such as longer battery lives encouraged more people to choose bicycles, which led to an increase in commuters who made trips of 5 to 15 kilometres in 2021 over 2020 throughout Switzerland.
- Since the limitations were lifted and the pandemic wave was relaxed, people have started commuting by bicycle as a habit. Within a radius of 5 to 15 kilometres, a significant number of people now go to work each day by bicycle between offices, businesses, and local markets. The number of people riding bicycles to work is increasing due to health benefits, producing no emissions, and saves you time by avoiding traffic. In Switzerland, these factors are expected to reach 63.6% in commuter travel between 5 and 15 kilometres during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Switzerland's bicycle sales peak in 2020, followed by a gradual decline, suggesting a market readjusting after a period of high demand.
- Switzerland maintains low and stable inflation rates, reflecting its strong and stable economic environment.
- Switzerland's e-bike battery prices are on a steady decline, reflecting technological advancements and a competitive market.
- Switzerland's steady increase in dedicated bicycle lanes reflects its ongoing commitment to enhancing cycling infrastructure for promoting sustainable mobility.
- Switzerland's E-bike charging time is steadily decreasing, showcasing the country's innovation in battery technology and electric vehicle infrastructure.
- Switzerland's consistently high GDP per capita demonstrates its global economic leadership and prosperity.
- Switzerland's bicycle rental market experienced a significant rise in 2020 and has been growing steadily since, indicating a robust market.
- Switzerland's hyper-local delivery sector is growing steadily, reflecting an increasing consumer adaptation to localized digital services.
- Switzerland's trekker numbers are steadily growing, signaling the enduring appeal of its alpine landscapes and the country's outdoor lifestyle.
- Switzerland's Traffic Congestion Index shows slight fluctuations, indicating variable traffic conditions and efforts to manage congestion.
Switzerland E-Bike Industry Overview
The Switzerland E-bike Market is moderately consolidated, with the top five companies occupying 44.98%. The major players in this market are BMC Switzerland AG, Flyer AG, MHW Bike-House GmbH (Cube Bikes), myStromer AG and Swiss E-Mobility Group (SEMG) (sorted alphabetically).
Switzerland E-Bike Market Leaders
BMC Switzerland AG
Flyer AG
MHW Bike-House GmbH (Cube Bikes)
myStromer AG
Swiss E-Mobility Group (SEMG)
Other important companies include Bergstrom, BiXs, Canyon Bicycles GmbH, Cresta Bikes, Maxon.
*Disclaimer: Major Players sorted in alphabetical order.
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Switzerland E-Bike Market News
- November 2022: BMC unveiled the new Roadmachine 01 AMP X road e-bike, which has features like a fork and frame made of high-quality carbon fiber with internal cable routing.
- November 2022: BMC Switzerland and Uniqo, a company that creates custom aero equipment, have partnered to meet the current trends in custom aero bars and extensions in professional cycling.
- September 2022: In order to achieve the ideal blend of stiffness, lightweight, and front-end stability, BMC introduced the Kaius 01 carbon gravel bike. This bike is constructed with a carbon layup and gravel-specific geometry.
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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.
Switzerland 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 Bergstrom
- 6.4.2 BiXs
- 6.4.3 BMC Switzerland AG
- 6.4.4 Canyon Bicycles GmbH
- 6.4.5 Cresta Bikes
- 6.4.6 Flyer AG
- 6.4.7 Maxon
- 6.4.8 MHW Bike-House GmbH (Cube Bikes)
- 6.4.9 myStromer AG
- 6.4.10 Swiss E-Mobility Group (SEMG)
- *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:
- SWITZERLAND E-BIKE MARKET, BICYCLE SALES, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 2:
- SWITZERLAND E-BIKE MARKET, GDP PER CAPITA, VALUE, USD, 2017 - 2029
- Figure 3:
- SWITZERLAND E-BIKE MARKET, INFLATION RATE, VALUE, PERCENT, 2017 - 2029
- Figure 4:
- SWITZERLAND E-BIKE MARKET, ADOPTION RATE, VOLUME, PERCENT, 2017 - 2029
- Figure 5:
- SWITZERLAND E-BIKE MARKET, COMMUTERS WITH 5-15 KM TRAVEL DISTANCE, VOLUME, PERCENT, 2017 - 2029
- Figure 6:
- SWITZERLAND E-BIKE MARKET, BICYCLE RENTAL, VALUE, USD MILLION, 2017 - 2029
- Figure 7:
- SWITZERLAND E-BIKE MARKET, E-BIKE BATTERY PRICE, VALUE, USD, 2017 - 2029
- Figure 8:
- SWITZERLAND E-BIKE MARKET, PRICE CHART OF DIFFERENT BATTERY CHEMISTRY, VALUE, USD, 2017 - 2029
- Figure 9:
- SWITZERLAND E-BIKE MARKET, HYPER-LOCAL DELIVERY, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 10:
- SWITZERLAND E-BIKE MARKET, DEDICATED BICYCLE LANES, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 11:
- SWITZERLAND E-BIKE MARKET, NUMBER OF TREKKERS, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 12:
- SWITZERLAND E-BIKE MARKET, BATTERY CHARGING CAPACITY, VOLUME, UNITS, 2017 - 2029
- Figure 13:
- SWITZERLAND E-BIKE MARKET, TRAFFIC CONGESTION INDEX, VOLUME, PERCENT, 2017 - 2022
- Figure 14:
- SWITZERLAND E-BIKE MARKET, VOLUME, UNITS, 2017 - 2029
- Figure 15:
- SWITZERLAND E-BIKE MARKET, VALUE, USD MILLION, 2017 - 2029
- Figure 16:
- SWITZERLAND E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 17:
- SWITZERLAND E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 18:
- SWITZERLAND E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 19:
- SWITZERLAND E-BIKE MARKET, BY PROPULSION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 20:
- SWITZERLAND E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 21:
- SWITZERLAND E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 22:
- SWITZERLAND E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 23:
- SWITZERLAND E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 24:
- SWITZERLAND E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 25:
- SWITZERLAND E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 26:
- SWITZERLAND E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 27:
- SWITZERLAND E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 28:
- SWITZERLAND E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 29:
- SWITZERLAND E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 30:
- SWITZERLAND E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 31:
- SWITZERLAND E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 32:
- SWITZERLAND E-BIKE MARKET, BY APPLICATION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 33:
- SWITZERLAND E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 34:
- SWITZERLAND E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 35:
- SWITZERLAND E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 36:
- SWITZERLAND E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 37:
- SWITZERLAND E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 38:
- SWITZERLAND E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 39:
- SWITZERLAND E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 40:
- SWITZERLAND E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 41:
- SWITZERLAND E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 42:
- SWITZERLAND E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 43:
- SWITZERLAND E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 44:
- SWITZERLAND E-BIKE MARKET, BY BATTERY TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 45:
- SWITZERLAND E-BIKE MARKET, BY BATTERY TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 46:
- SWITZERLAND E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 47:
- SWITZERLAND E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 48:
- SWITZERLAND E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 49:
- SWITZERLAND E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 50:
- SWITZERLAND E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 51:
- SWITZERLAND E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 52:
- SWITZERLAND E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 53:
- SWITZERLAND E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 54:
- SWITZERLAND E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 55:
- SWITZERLAND E-BIKE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 56:
- SWITZERLAND E-BIKE MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 57:
- SWITZERLAND E-BIKE MARKET SHARE(%), BY MAJOR PLAYERS, 2022
Switzerland 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.
- Initially, the COVID-19 pandemic slowed the expansion of the e-bike sector. However, with the increased importance of personal vehicles over public transport during the pandemic, consumers in Switzerland began to shift toward e-bikes as a daily commuting option. Individuals are also looking for a single-person commute that saves fuel costs while avoiding traffic.
- The local governments in the country are providing subsidies to increase the sales of e-bikes. For instance, in Geneva, the maximum purchase price of an e-bike is CHF 250 (maximum 50% purchase price), while that of a cargo bike is CHF 500 (maximum 10% of the price).
- New companies are looking to enter this fragmented market, while established players are adopting various growth strategies, such as collaboration and expansion, to increase their revenues. For instance, in June 2021, following the success of its pilot project with the city of Zug, AirBie collaborated with Swiss e-bike manufacturer Flyer AG to start an open-access e-bike sharing service in Zug, Baar, and Cham. Thus, due to such factors, the demand for e-bikes in the country has been growing rapidly and may continue to grow over the forecast period.
| 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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