According to the latest report by IMARC Group, titled, the Asia Pacific e-bike market size reached US$ 13.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.

E-bikes, also called electronic bikes, are battery-powered bicycles comprising an electric motor, battery, and a drivetrain. These bikes primarily use lead-acid batteries that enable them to cover long distances on a single charge. As a result, e-bikes have emerged as an ecologically sustainable mode of transportation as they help in reducing the carbon emissions.

Market Trends

In the Asia Pacific region, the rising consumer concerns towards the depletion of conventional fossil fuels and soaring fuel prices are primarily driving the demand for e-bikes. Furthermore, the implementation of favorable regulations by several government bodies across China, Japan, South Korea, Thailand, etc., for reducing carbon emission levels from fuel-based vehicles has also propelled the market growth. Additionally, numerous regional companies are emphasizing on the integration of e-bikes with advanced technologies, such as Internet-of-Things, GPS, AI, etc., which have led to various product innovations. The emergence of smart e-bikes that are wirelessly connected to software applications for displaying bike speed, battery status, power levels, and distance covered, will continue to further catalyze the market growth in the Asia Pacific region.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Asia Pacific E-Bike Market 2023-2028 Analysis and Segmentation:

The report has segmented the market on the basis of Mode, Motor Type, Battery Type, Class, Design, Application and Country.

Breakup by Mode:

• Throttle

• Pedal Assist

Breakup by Motor Type:

• Hub Motor

• Mid Drive

• Others

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Breakup by Battery Type:

• Lead Acid

• Lithium Ion

• Nickel-Metal Hydride (NiMH)

• Others

Breakup by Class:

• Class I

• Class II

• Class III

Breakup by Design:

• Foldable

• Non-Foldable

Breakup by Application:

• Mountain/Trekking Bikes

• City/Urban

• Cargo

• Others

Breakup by Country:

• Northeast

• Midwest

• South

• West

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