Market Overview:
The India E-bike market size reached US$ 1,178.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,917.4 Million by 2032, exhibiting a growth rate (CAGR) of 10.6% during 2024-2032. The increasing sales of e-bikes, inflating prices of petrol, and the growing number of EV charging represent some of the key factors driving the market.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023 |
US$ 1,178.0 Million |
Market Forecast in 2032 |
US$ 2,917.4 Million |
Market Growth Rate 2024-2032 |
10.6% |
An electric bike (e-bike) is a bicycle powered by an electric motor and rechargeable batteries. It also comprises throttles, a display, pedals, sensors, and a motor controller. It is easy to ride and provides an economical alternative to motored vehicles as an environment-friendly means of transportation. It aids in improving cardiovascular health, promoting weight management, enhancing muscle tone, and boosting the immune system. It also reduces traffic congestion on highways and roads by allowing individuals to ride through sidewalks and bike lanes. It provides higher shelf life, enables users to travel uphill, and covers distances effortlessly. At present, key players operating in India are launching folding, cruiser, urban, mountain, snow, and commuter variants to expand their product portfolio.
India E-Bike Market Trends:
The increasing sales of electric two-wheeler vehicles like e-bikes on account of rapid urbanization and inflating income levels of individuals represent one of the major factors strengthening the market growth in India. Moreover, due to rising environmental concerns, the Government of India (GoI) is implementing regulations to encourage the use of e-bikes and reduce the carbon footprint. This, coupled with the inflating prices of petrol and the growing demand for fuel-efficient and high-performance vehicles, and increasing awareness about the economic and ecological benefits of adopting EVs, is influencing the market positively. In addition, the increasing number of EV charging stations is driving the sales of e-bikes in India. These EV charging stations are integrated with advanced technologies, including the Internet of Things (IoT), to assist users in locating the nearby charging stations and available vacant spots and scheduling convenient slots for fill-ups. Apart from this, the rising adoption of electric two-wheelers by logistics enterprises to offer quick and convenient postal and delivery services and the thriving e-commerce sector is propelling the growth of the market. Furthermore, key players are introducing mobile applications with smart e-bike monitoring systems (SEMS) to help track fitness and provide information in real time on smartphones. This, coupled with the growing investments in promotional activities, such as celebrity endorsements, to improve the existing sales and profitability, is creating a positive outlook for the market in the country.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India E-bike market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on propulsion type, battery type, power and application.
Propulsion Type Insights:
- Pedal Assisted
- Throttle-Assisted
The report has provided a detailed breakup and analysis of the e-bike market based on the propulsion type. This includes pedal assisted and throttle-assisted. According to the report, throttle-assisted represented the largest segment.
Battery Type Insights:
- Lithium-Ion Battery
- Lead-Acid Battery
A detailed breakup and analysis of the e-bike market based on the battery type has also been provided in the report. This includes lithium-ion battery and lead-acid battery. According to the report, lithium-ion battery accounted for the largest market share.
Power Insights:
- Less Than and Equal to 250W
- Above 250W
The report has provided a detailed breakup and analysis of the e-bike market based on the propulsion type. This includes less than and equal to 250W and above 250W.
Application Insights:
- City and Urban
- Trekking
- Cargo
A detailed breakup and analysis of the e-bike market based on the application has also been provided in the report. This includes city and urban, trekking, and cargo. According to the report, city and urban accounted for the largest market share.
Regional Insights:
- North India
- West and Central India
- South India
- East India
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East India. According to the report, North India was the largest market for e-bike. Some of the factors driving the North India e-bike market included the increasing number of EV charging stations, product innovations, advanced technologies, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the India E-Bike market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include eAdicct Mobility Solutions Pvt.Ltd., Elektron Cycles, Giant Bicycles India, GoZero Mobility, Hero Lectro E-Cycles (Hero Cycles Limited), Nibe E-motor Limited, PURE EV, SK EBICYCLE LLP, SS Electric Vehicles,Trek Bicycle Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Segment Coverage |
Propulsion Type, Battery Type, Power, Application, Region |
Region Covered |
North India, West and Central India, South India, East India |
Companies Covered |
eAdicct Mobility Solutions Pvt.Ltd., Elektron Cycles, Giant Bicycles India, GoZero Mobility, Hero Lectro E-Cycles (Hero Cycles Limited), Nibe E-motor Limited, PURE EV, SK EBICYCLE LLP, SS Electric Vehicles and Trek Bicycle Corporation |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |