Asia-pacific E-bike Market Forecast 2022-2030

Asia-pacific E-bike Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific e-bike market is anticipated to propel with a CAGR of 9.34% in terms of revenue and 9.50% in terms of volume during the forecast period of 2022 to 2030. The increase in government initiatives in addition to the low cost and high efficiency of e-bikes, drive the market growth.

MARKET INSIGHTS

The Asia-Pacific e-bike market growth assessment includes the study of Vietnam, Japan, China, South Korea, Thailand, Indonesia, Australia & New Zealand, India, and Rest of Asia-Pacific. With the rise in exhaust emissions and volatile fuel prices in India, along with the rise in focus on health, the demand for bicycles has been continually increasing. Moreover, e-bikes are gradually gaining market share, with the battery pricing gradually declining and the rise in consumer preference for riding bicycles to work.

In Indonesia, cycling trends are witnessed in big cities. As the people practice physical distancing rules post COVID-19 outbreak, many have chosen bicycles as their transportation option. In addition, Indonesia has secured a deal to build a lithium battery plant with the support of various globally leading companies, which will further push the market growth.

On the other hand, electric bike sales in Australia are experiencing phenomenal growth. The number of electric vehicles imported to Australia has almost tripled over the past years, and sales are growing faster than any other segment of the Australian bike market, with more than 50 brands offering a range of models.

COMPETITIVE INSIGHTS

The key companies operating in the market are Bicycle Group Co Ltd, Fuji-ta Group Co Ltd, F-wheel & DYU, Tianjin Golden Wheel, etc.

Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments