Electric bikes, also known as E-bikes, have diverse applications and features that make them a popular choice for transportation and recreation. They are used for daily commuting, allowing riders to easily travel longer distances and reduce effort. E-bikes feature an electric motor that provides pedal-assist or full electric power, enhancing the speed and reducing the physical exertion required. E-bikes are equipped with rechargeable batteries, allowing for extended range and convenient charging. They are used for urban transportation, leisurely rides, outdoor adventures, and eco-friendly alternatives to conventional modes of transportation.
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Data Bridge Market Research analyses that Japan, South Korea, New Zealand, and Australia Electric Bike (E-Bike) Market is valued at USD 9,48.53 million in 2022 and is expected to reach USD 2,790.87 million by 2030, registering a CAGR of 11.3% during the forecast period of 2023 to 2030. These countries have implemented supportive government policies, including subsidies, tax incentives, and infrastructure development, to promote the adoption of electric bikes. Such initiatives encourage consumers to switch to E-bikes as a sustainable and eco-friendly transportation option, thus driving the market’s growth.
Key Findings of the Study
Enhanced cycling infrastructure is expected to drive the market's growth rate
Investments in cycling infrastructure have played a crucial role in promoting the adoption of electric bikes (E-bikes) as a viable mode of transportation. The establishment of dedicated bike lanes provides a safe and convenient space for E-bike riders, separating them from vehicular traffic. Additionally, the availability of dedicated parking facilities and charging stations addresses the practicality concerns associated with E-bike usage. These infrastructure developments have instilled confidence in potential riders, encouraging more people to choose E-bikes as a reliable and sustainable transportation option.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2020 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Hub Motor Location (Mid Drive Hub Motor, Rear Hub Motor, and Front Hub Motor), Component (Battery, Motor, Frame, Display, Tire, Throttle, Light and Reflector, and Others), Battery Type (Lithium-Ion, Lithium-Ion Polymer, Nickel Metal Hydride, Lead Acid, Sealed Lead Acid, and Others), Battery Power (Under 750W, and 750W-1500W, and above 1500W), Mode (Pedal Assist and Throttle), Class (Class I (Pedal Assist/Pedelec), Class II (Throttle), and CLASS III (Speed Pedelec)), Type (City/Urban, Cruise, Mountain/Trekking Bikes, All-Terrain Bikes, Cargo, and Others), Application (Utility, Leisure, and Speed), Gender (Men, Women, and Unisex), Distribution Channel (Speciality Bicycle Retailers, Outdoor Speciality Store, Mass Merchants Full-Line Sporting Goods Store, and Others)
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Countries Covered
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Japan, South Korea, New Zealand, and Australia
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Market Players Covered
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Bridgestone Cycle Co, LTD. (Japan), Panasonic Holdings Corporation (Japan), Specialized Bicycle Components, Inc. (U.S.), Giant Bicycles (Taiwan), Aima Technology Group Co., Ltd. (China), Trek Bicycle Corporation (U.S.), Karbon Kinetics Ltd. (U.K.), Ningbo Lvkang Vehicle Co., Ltd. (China), SHIMANO INC. (Japan), Robert Bosch GmbH (Germany), ALTON Sports Co., Ltd. (South Korea), Yamaha Motor Co., Ltd. (Japan), TEBCO ELECTRIC BICYCLE COMPANY (China), smartmotion bikes (New Zealand), CUBE (Germany), Hikobike (New Zealand), Cleverley (Australia), Dyson Bikes (Australia), Electra Bicycle Company (U.S.), REEF Bikes (Australia), Leitner Electric Bikes Australia (Australia)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
The Japan, South Korea, New Zealand, and Australia electric bike (e-bike) market is segmented on the basis of hub motor location, component, battery type, battery power, mode, class, type, application, gender, and distribution channel.
- On the basis of hub motor location, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into mid drive hub motor, rear hub motor, and front hub motor.
- On the basis of component, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into battery, motor, frame, display, tire, throttle, light and reflector, and others.
- On the basis of battery type, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into lithium-ion, lithium-ion polymer, nickel metal hydride, lead acid, sealed lead acid, and others.
- On the basis of battery power, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into under 750 W, and 750 W-1500W, and above 1500W.
- On the basis of mode, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into pedal assist and throttle.
- On the basis of class, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into class I (pedal assist/pedelec), class II (throttle), and Class III (speed pedelec).
- On the basis of type, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into city/urban, cruise, mountain/trekking bikes, all-terrain bikes, cargo, and others.
- On the basis of application, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into utility, leisure, and speed.
- On the basis of gender, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into men, women, and unisex.
- On the basis of distribution channel, the Japan, South Korea, New Zealand, and Australia electric bike (E-Bike) market is segmented into specialty bicycle retailers, outdoor specialty store, mass merchants, full-line sporting goods store, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major Japan, South Korea, New Zealand, and Australia electric bike (e-bike) market players in Bridgestone Cycle Co, LTD. (Japan), Panasonic Holdings Corporation (Japan), Specialized Bicycle Components, Inc. (U.S.), Giant Bicycles (Taiwan), Aima Technology Group Co., Ltd. (China)
Market Development
- In 2017 January, AIMA TECHNOLOGY CO., LTD has recently unveiled its new facility in Sichuan, China, spanning an expansive area of approximately 15,000 square meters. This state-of-the-art base has been established for the production of electric vehicles, enabling AIMA TECHNOLOGY to extend its reach into the burgeoning southwest market.
- In 2021 April, ALTON Sports Co., Ltd has announced a collaboration with the Seoul City Government to provide bike-sharing services and supply bikes to an e-bike-sharing platform operator. This strategic partnership has proven instrumental in boosting revenue growth for the company.
Regional Analysis
Geographically, the countries covered in the Japan, South Korea, New Zealand, and Australia electric bike (e-bike) market report are Japan, South Korea, New Zealand and Australia
As per Data Bridge Market Research analysis:
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