Denmark E-bike Market Size
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 373.82 Million |
|
|
Market Size (2029) | USD 566.23 Million |
|
Largest Share by Propulsion Type | Pedal Assisted |
|
|
CAGR (2024 - 2029) | 8.66 % |
|
|
Fastest Growing by Propulsion Type | Throttle Assisted |
|
|
Market Concentration | Low |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in alphabetical order. |
Denmark E-bike Market Analysis
The Denmark E-bike Market size is estimated at 373.82 million USD in 2024, and is expected to reach 566.23 million USD by 2029, growing at a CAGR of 8.66% during the forecast period (2024-2029).
373.82 Million
Market Size in 2024 (USD)
566.23 Million
Market Size in 2029 (USD)
18.07 %
CAGR (2017-2023)
8.66 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
79.10 %
value share, Pedal Assisted, 2023
Ease of traveling, suitability for recreational activities, ease of carrying heavy loads, and ensuring the fitness levels of consumers are some factors making pedal-assisted e-bikes the largest propulsion-type segment.
Largest Segment by Application Type
76.96 %
value share, City/Urban, 2023
The adoption of bicycles for daily commutes to nearby places, such as offices and shops, has made the sales of city/urban bikes the largest among applications.
Largest Segment by Battery Type
99.20 %
value share, Lithium-ion Battery, 2023
The increasing adoption of lithium-ion battery-equipped bicycles due to high energy density, high power density, lightweight, and long life has made lithium-ion battery the largest segment in the market.
Fastest-growing Segment by Propulsion Type
8.71 %
Projected CAGR, Throttle Assisted, 2024-2029
Due to big motors and good speed capability, throttle-assisted bikes perform well in terrains, which attracts consumers and increases the sales of such bikes quickly over other types.
Leading Market Player
7.77 %
market share, Royal Dutch Gazelle, 2022
Diversified product offerings, e-bike testing centers for customers, and more than 100 bicycle shops in the country make Gazelle the largest market player across Denmark.
PROPULSION SEGMENT MARKET OVERVIEW
- In 2018, the Danish government granted access to e-bikes to utilize the dedicated bicycle lanes in the country, which may impact the sales of e-bikes positively. The Parliament approved speed pedelecs, a super electric bike that can achieve speeds of up to 45 kmph, to be used on cycling lanes in the country. The Danish Parliament also ruled that beginning July 1, 2018, people operating superbikes must be at least 15 years old and wear a helmet, with no requirement for a license or number plate.
- In 2019, Finland, Sweden, Norway, Denmark, and Iceland signed a declaration to work toward carbon neutrality. One of the important aspects of this declaration is to decarbonize the transport sector and encourage local companies, investors, local governments, organizations, and consumers to upscale their efforts toward carbon neutrality.
- However, accidents involving e-bikes have become more severe in the country. A report by the Danish Road Traffic Accident Investigation Board (AIB) deduced that age factors impacted a number of incidents, and riding an e-bike is more challenging for the elderly and those suffering from age-related disabilities. This factor may hinder the market's growth to a certain extent in the country.
Understand The Key Trends Shaping This Market
Download PDF
Denmark E-bike Market Trends
Denmark's adoption rates for E-Bikes show steady growth, indicating a progressive acceptance and increasing market presence.
- Denmark is gaining popularity in terms of bicycle usage over the past few years and the country has one of the highest users of bicycles in Europe. Moreover, the advantages of the e-bike over the traditional bicycle have raised the demand for e-bikes across Denmark. Effortless riding, zero carbon emission, saving time in high traffic congestion, and cost-efficient are some of the major factors contributing to the adoption of e-bikes over other vehicles for daily commuting to nearby places. As a result, the adoption rate for e-bikes has increased by around 3.50% in 2019 over the year 2018.
- The pandemic wave in 2020 has created a positive impact on the e-bike market across Denmark. Factors such as giving importance to social distancing and anxiety about using public transportation have changed the commuting methods of the consumer which further has encouraged consumers to invest in e-bikes, as a convenient and price-friendly option for daily commuting to offices and nearby places. Such factors have accelerated the adoption rate by 3.10% in 2020 over 2019 across the country.
- The resumption of business operations and the removal of trade barriers after the lockdown have resulted in the gradual growth of the sales of e-bicycles in Denmark in 2021, Moreover, resuming of trade activities made the easy availability of the products such as bicycles. introduction of advanced products with high-tech features is attracting consumers, which further is projected to increase the adoption rate by more than 35% during the forecast period in Denmark.
Understand The Key Trends Shaping This Market
Download PDF
Denmark exhibits a steady increase in the percentage of commuters traveling 5-15 km daily, indicating stable commuting distances.
- One of the popular cycling nations, Denmark has seen a considerable increase in the number of bicycle sales over the previous few years. The number of persons who commute by bicycle 5 to 15 kilometres each day is rising along with the demand for bicycles. By 2020, between 5 and 15 kilometres per day were being travelled to various areas, such as workplaces, businesses, schools, etc., by around 50% of people in Denmark.
- The pandemic's many lockdown restrictions, which included the closing of various establishments like shops, gyms, and yoga studios, as well as drop-in public transportation, significantly affected the demand for bicycles in the Netherlands in 2020 and 2021. Moreover, people got habitual in riding bicycles for their work and nearby places between 5 to 15 kilometers, such factors resulted in an 0.2% increase in commuters commuting 5 to 15 kilometers in 2021 over 2020 in Denmark.
- The number of persons who use bicycles to go to work has increased in 2022 over 2021, due to improvements in bicycle infrastructure and a number of government cycling promotion activities. In January 2022, The Danish Ministry of Transportation declared 2022 to be "The Year of the Bike" in January of that year. This project, which invested $458 million on new bike infrastructure, was started as a part of a significant infrastructure plan. The first $64 million will be put to use in 2022, mostly to build additional bike lanes around the nation. It is projected that these factors will increase the proportion of commuters who ride 5 to 15 km, which would further increase demand for bicycles in Denmark during the forecast period.
Understand The Key Trends Shaping This Market
Download PDF
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Denmark's bicycle sales reveal a steady market with consistent growth, highlighting a strong cycling culture.
- Denmark's inflation rates indicate a moderate increase in 2022, with a stable outlook, suggesting effective economic policies.
- Denmark's e-bike battery prices show a steady decline, mirroring market growth and improved technology.
- Denmark's steady increase in dedicated bicycle lanes aligns with its reputation as a cycling-friendly country, promoting sustainable and healthy urban living.
- Denmark's E-bike charging time is consistently reducing, indicating a focus on sustainable transport and efficient energy use in electric mobility.
- Denmark's GDP per capita demonstrates strong growth, signaling a prosperous economy with high living standards.
- Denmark's modest but consistently growing bicycle rental market aligns with the country's commitment to sustainable transportation.
- Denmark's hyper-local delivery sector is growing, indicating an increasing consumer preference for convenience and localized digital services.
- Denmark's number of trekkers is steadily increasing, reflective of the country's commitment to outdoor living and the growing popularity of trekking.
- Denmark's Traffic Congestion Index is relatively low and stable, indicating effective congestion management and a balance in traffic flow.
Denmark E-bike Industry Overview
The Denmark E-bike Market is fragmented, with the top five companies occupying 19.77%. The major players in this market are Batavus Intercycle Corporation, MHW Bike-House GmbH (Cube Bikes), Qwic, Royal Dutch Gazelle and Van Moof BV (sorted alphabetically).
Denmark E-bike Market Leaders
Batavus Intercycle Corporation
MHW Bike-House GmbH (Cube Bikes)
Qwic
Royal Dutch Gazelle
Van Moof BV
Other important companies include Cortina Bikes, Giant Manufacturing Co. Ltd, Koga, Lekker Bikes, Sensa Bikes.
*Disclaimer: Major Players sorted in alphabetical order.
Need More Details on Market Players and Competitors?
Download PDF
Denmark E-bike Market News
- November 2022: The Stormguard E+, a full-suspension e-bike, is unveiled by Giant. The bicycles will be available for purchase in Europe in 2023 and will cost 7,999 Euros for the E+1 and 6,499 Euros for the E+2.
- August 2022: Evans Cycles reintroduces Cube bikes to all 71 locations, During the height of the pandemic, Cube and Evans Cycles put their commercial relationship on pause due to supply chain issues.
- August 2022: Cube's Hybrid One E-Bike Offers Big Miles For Budget-Minded Cyclists, the Hybrid One packs a Bosch electric motor and urban-focused amenities.
Free with this Report
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.
Denmark E-bike Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Bicycle Sales
2.2. GDP Per Capita
2.3. Inflation Rate
2.4. Adoption Rate Of E-Bikes
2.5. Percent Population/Commuters With 5-15 Km Daily Travel Distance
2.6. Bicycle Rental
2.7. E-Bike Battery Price
2.8. Price Chart Of Different Battery Chemistry
2.9. Hyper-Local Delivery
2.10. Dedicated Bicycle Lanes
2.11. Number Of Trekkers
2.12. Battery Charging Capacity
2.13. Traffic Congestion Index
2.14. Regulatory Framework
2.15. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Propulsion Type
3.1.1. Pedal Assisted
3.1.2. Speed Pedelec
3.1.3. Throttle Assisted
3.2. Application Type
3.2.1. Cargo/Utility
3.2.2. City/Urban
3.2.3. Trekking
3.3. Battery Type
3.3.1. Lead Acid Battery
3.3.2. Lithium-ion Battery
3.3.3. Others
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Batavus Intercycle Corporation
4.4.2. Cortina Bikes
4.4.3. Giant Manufacturing Co. Ltd
4.4.4. Koga
4.4.5. Lekker Bikes
4.4.6. MHW Bike-House GmbH (Cube Bikes)
4.4.7. Qwic
4.4.8. Royal Dutch Gazelle
4.4.9. Sensa Bikes
4.4.10. Van Moof BV
5. KEY STRATEGIC QUESTIONS FOR E BIKES CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- DENMARK E-BIKE MARKET, BICYCLE SALES, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 2:
- DENMARK E-BIKE MARKET, GDP PER CAPITA, VALUE, USD, 2017 - 2029
- Figure 3:
- DENMARK E-BIKE MARKET, INFLATION RATE, VALUE, PERCENT, 2017 - 2029
- Figure 4:
- DENMARK E-BIKE MARKET, ADOPTION RATE, VOLUME, PERCENT, 2017 - 2029
- Figure 5:
- DENMARK E-BIKE MARKET, COMMUTERS WITH 5-15 KM TRAVEL DISTANCE, VOLUME, PERCENT, 2017 - 2029
- Figure 6:
- DENMARK E-BIKE MARKET, BICYCLE RENTAL, VALUE, USD MILLION, 2017 - 2029
- Figure 7:
- DENMARK E-BIKE MARKET, E-BIKE BATTERY PRICE, VALUE, USD, 2017 - 2029
- Figure 8:
- DENMARK E-BIKE MARKET, PRICE CHART OF DIFFERENT BATTERY CHEMISTRY, VALUE, USD, 2017 - 2029
- Figure 9:
- DENMARK E-BIKE MARKET, HYPER-LOCAL DELIVERY, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 10:
- DENMARK E-BIKE MARKET, DEDICATED BICYCLE LANES, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 11:
- DENMARK E-BIKE MARKET, NUMBER OF TREKKERS, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 12:
- DENMARK E-BIKE MARKET, BATTERY CHARGING CAPACITY, VOLUME, UNITS, 2017 - 2029
- Figure 13:
- DENMARK E-BIKE MARKET, TRAFFIC CONGESTION INDEX, VOLUME, PERCENT, 2017 - 2022
- Figure 14:
- DENMARK E-BIKE MARKET, VOLUME, UNITS, 2017 - 2029
- Figure 15:
- DENMARK E-BIKE MARKET, VALUE, USD MILLION, 2017 - 2029
- Figure 16:
- DENMARK E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 17:
- DENMARK E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 18:
- DENMARK E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 19:
- DENMARK E-BIKE MARKET, BY PROPULSION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 20:
- DENMARK E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 21:
- DENMARK E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 22:
- DENMARK E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 23:
- DENMARK E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 24:
- DENMARK E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 25:
- DENMARK E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 26:
- DENMARK E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 27:
- DENMARK E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 28:
- DENMARK E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 29:
- DENMARK E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 30:
- DENMARK E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 31:
- DENMARK E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 32:
- DENMARK E-BIKE MARKET, BY APPLICATION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 33:
- DENMARK E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 34:
- DENMARK E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 35:
- DENMARK E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 36:
- DENMARK E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 37:
- DENMARK E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 38:
- DENMARK E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 39:
- DENMARK E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 40:
- DENMARK E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 41:
- DENMARK E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 42:
- DENMARK E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 43:
- DENMARK E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 44:
- DENMARK E-BIKE MARKET, BY BATTERY TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 45:
- DENMARK E-BIKE MARKET, BY BATTERY TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 46:
- DENMARK E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 47:
- DENMARK E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 48:
- DENMARK E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 49:
- DENMARK E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 50:
- DENMARK E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 51:
- DENMARK E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 52:
- DENMARK E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 53:
- DENMARK E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 54:
- DENMARK E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 55:
- DENMARK E-BIKE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 56:
- DENMARK E-BIKE MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 57:
- DENMARK E-BIKE MARKET SHARE(%), BY MAJOR PLAYERS, 2022
Denmark 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.
- In 2018, the Danish government granted access to e-bikes to utilize the dedicated bicycle lanes in the country, which may impact the sales of e-bikes positively. The Parliament approved speed pedelecs, a super electric bike that can achieve speeds of up to 45 kmph, to be used on cycling lanes in the country. The Danish Parliament also ruled that beginning July 1, 2018, people operating superbikes must be at least 15 years old and wear a helmet, with no requirement for a license or number plate.
- In 2019, Finland, Sweden, Norway, Denmark, and Iceland signed a declaration to work toward carbon neutrality. One of the important aspects of this declaration is to decarbonize the transport sector and encourage local companies, investors, local governments, organizations, and consumers to upscale their efforts toward carbon neutrality.
- However, accidents involving e-bikes have become more severe in the country. A report by the Danish Road Traffic Accident Investigation Board (AIB) deduced that age factors impacted a number of incidents, and riding an e-bike is more challenging for the elderly and those suffering from age-related disabilities. This factor may hinder the market's growth to a certain extent in the country.
| Propulsion Type | |
| Pedal Assisted | |
| Speed Pedelec | |
| Throttle Assisted |
| Application Type | |
| Cargo/Utility | |
| City/Urban | |
| Trekking |
| Battery Type | |
| Lead Acid Battery | |
| Lithium-ion Battery | |
| Others |
Need A Different Region Or Segment?
Customize Now
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. |
Need More Details on Market Definition?
Ask a Question
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
Get More Details On Research Methodology
Download PDF
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
