Netherlands E-bike Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.60 Billion |
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Market Size (2029) | USD 2.19 Billion |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 6.39 % |
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Fastest Growing by Propulsion Type | Throttle Assisted |
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Market Concentration | Medium |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Netherlands E-bike Market Analysis
The Netherlands E-bike Market size is estimated at 1.60 billion USD in 2024, and is expected to reach 2.19 billion USD by 2029, growing at a CAGR of 6.39% during the forecast period (2024-2029).
1.60 Billion
Market Size in 2024 (USD)
2.19 Billion
Market Size in 2029 (USD)
9.53 %
CAGR (2017-2023)
6.39 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
80.20 %
value share, Pedal Assisted, 2023
Bike-friendly traffic rules, well-built lanes, health benefits and low buying cost of pedal-assisted bikes, and the availability of various pedal modes are the factors that make pedal-assist bikes the largest segment by propulsion type in the Netherlands.
Largest Segment by Application Type
77.94 %
value share, City/Urban, 2023
The awareness about the benefits of bikes among consumers, such as quicker travel in traffic-congested areas, easy parking, and no fuel cost, leads to a higher demand for city/urban bikes.
Largest Segment by Battery Type
100 %
value share, Lithium-ion Battery, 2023
Lithium-ion battery is the largest segment by battery type due to its lightweight, quick-charging capability, high range, extended lifespan, and high energy.
Fastest-growing Segment by Propulsion Type
6.44 %
Projected CAGR, Throttle Assisted, 2024-2029
An increase in leisure activities, like off-road riding and long-distance trips, and people’s preference for bikes over cars for daily commutes make speed pedelecs the fastest-growing segment by propulsion type in the market.
Leading Market Player
32.37 %
market share, myStromer AG (Stromer), 2022
The well-established brand Stromer is the largest player in the e-bike market in the Netherlands due to its wide product offerings and strong customer reach. The company has over 190 stores in the Netherlands.
PROPULSION SEGMENT MARKET OVERVIEW
- The Netherlands is known for its extensive and well-developed cycling infrastructure, and e-bikes have become an increasingly popular mode of transportation in the country. In the Netherlands, e-bikes are widely available and can be rented or purchased from many bike shops. They are often used by commuters for daily transportation, as well as by tourists exploring the country. The Dutch government has also introduced incentives to encourage the use of e-bikes, such as tax breaks for businesses that provide them to their employees and subsidies for individuals who purchase them. This has helped to further promote the adoption of e-bikes in the country.
- In February 2021, Stromer opened its European subsidiary, myStromer Europe, in Den Bosch, the Netherlands. The new EU service center aims to increase the company's delivery capacity. Kobe Broos, previously the Market Manager of Stromer Benelux, will take over as the new General Manager of myStromer Europe. Initially, accessories and spare parts for European customers would be supplied directly from this subsidiary in Den Bosch. In a later phase, bike deliveries and the expansion of the showroom for dealer consultations and training would be included.
- As a result of the rising gasoline costs, both the government and the general public may choose electric vehicles. The speed pedelec is soon expected to be the most practical choice. A pedal-assisted bicycle is better suited for shorter trips. In recent future, people may probably prefer speed pedelecs as their power and speed capabilities are advancing. Throttle-assisted e-bikes are prohibited by law in the Netherlands, and they are far less widespread than pedal-assisted e-bikes.
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Netherlands E-bike Market Trends
The Netherlands exhibits a high adoption rate for E-Bikes, highlighting a strong cycling culture and market maturity.
- The Netherlands is one of the popular countries known for bicycle usage, the country is witnessing significant growth in e-bikes over the past few years. Moreover, the benefits of the electronic bicycle over the conventional bicycle have surged the demand for e-bikes across the Netherlands. Ease of riding, pollution-free and time-saving, and cost-efficient are some of the major factors contributing to the adoption of e-bikes over other vehicles for daily commuting to offices and marketplaces. As a result, the adoption rate for e-bikes has increased by 6% in 2018 over the year 2017.
- The Netherlands was one of the major hits, causing loss to various industries such as automotive, etc., Moreover fear of corona, due to which people started avoiding public and shared transportation which impacted the sales and usage of personal vehicles including e-bicycles. People preferred to choose e-bikes over other commuting options as it is one of the most cheapest and carefree vehicles ( very less maintenance cost compared to other vehicles). As a result, the sales of e-bicycles, and the adoption rate of e-bikes among consumers have increased by around 8.5% in 2020 over the year 2019 in the Netherlands.
- The relaxation in the covid wave and drop in the covid cases resulted in the resumption of business operations and offices. Which has increased the growth of e-bikes in 2021, Moreover, the launching of new e-bikes with high-tech features such as long battery range, higher speed limits, and fast charging features have highly encouraged consumers to invest in E-bikes. As a result, the country is expected to witness a growth in the adoption rate of e-bikes reaching at 92% in 2028 compared to 57.50% in 2022.
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The Netherlands shows a consistent rise in the population commuting 5-15 km daily, reflecting a preference for medium-distance travel.
- The Netherlands is one of the popular countries known for cyclists, the country has witnessed significant growth in the number of bicycle sales over the past few years. The demand for bicycles is increasing, which has led to an increase in the number of people who commute by bicycle 5 to 15 kilometers per day. Nearly 36% of individuals in the Netherlands have used bicycles as their primary mode of transportation by 2020 to travel daily between 5 and 15 kilometers to various locations, including offices, enterprises, schools, etc.
- The different lockdown limitations, including the closing of various activities such as businesses, gyms, and yoga studios, and drop-in public transportation, due to which, the pandemic had a significant impact on the Netherlands bicycle demand in 2020 and 2021. In many Netherlands cities, bikers also decide to get to their usual workplaces, places of business, and other nearby sites on their bicycles. In 2021 compared to 2020, there was an increase of around 0.90% in the number of commuters traveling 5 to 15 kilometers on bicycles, Moreover, various people started using bicycles for approximately 27% of their home-work commutes.
- The improvements in bicycle infrastructure and a variety of government cycling promotion initiatives, the number of people who use bicycles to commute to work have increased in 2022 over 2021. Today, many people use bicycles to go 5 to 15 kilometers to their daily jobs, as well as to their workplaces, places of commerce, and nearby markets. These factors are anticipated to increase the number of commuters who bike 5 to 15 km, which would further raise demand for bicycles in the Netherlands throughout the projection period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The Netherlands displays a recovery in bicycle sales post-2020, reflecting a resilient market with a strong cycling tradition.
- The Netherlands shows a peak in inflation in 2022, with a subsequent trend towards stabilization, reflecting market adjustments.
- The Netherlands observes a consistent decrease in e-bike battery prices, indicating a thriving market and increased efficiency.
- The Netherlands' consistent increase in dedicated bicycle lanes reaffirms its global reputation as a cycling-friendly nation, promoting sustainable urban mobility.
- The Netherlands is experiencing a decrease in E-bike charging times, showcasing the country's commitment to sustainable transportation and efficient charging solutions.
- The Netherlands' GDP per capita reveals consistent growth, indicating a strong and robust economy.
- The Netherlands' robust cycling culture is reflected in its steadily growing bicycle rental market, highlighting a sustainable lifestyle choice.
- The Netherlands' hyper-local delivery sector is on an upward trend, reflecting a strong consumer shift towards localized online shopping.
- The Netherlands exhibits consistent growth in trekker numbers, suggesting an increasing appreciation for the country's outdoor spaces and recreational trails.
- The Netherlands exhibits a notable decrease in its Traffic Congestion Index, reflecting effective traffic management and possibly a shift towards alternative transportation modes.
Netherlands E-bike Industry Overview
The Netherlands E-bike Market is moderately consolidated, with the top five companies occupying 55.60%. The major players in this market are Accell Group, Hartmobile B.V. (Qwic), myStromer AG (Stromer), Riese & Müller and Royal Dutch Gazelle (sorted alphabetically).
Netherlands E-bike Market Leaders
Accell Group
Hartmobile B.V. (Qwic)
myStromer AG (Stromer)
Riese & Müller
Royal Dutch Gazelle
Other important companies include Evans Cycles Limited (Pinnacle), MHW Bike-House GmbH (Cube Bikes), Rad Power Bikes, Raleigh Bicycle Company, Specialized Bicycle Components.
*Disclaimer: Major Players sorted in alphabetical order.
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Netherlands E-bike Market News
- September 2022: Specialized, announced a recall of some battery packs on specific electric mountain bike models in May 2021 owing to fire dangers caused by these batteries' flaws.
- 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: Raleigh launches the Trace, its lightest eBike with a range of 50 miles, the Trace is powered by a 250-watt-hour battery, built-in for extra security.
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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.
Netherlands 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. Accell Group
4.4.2. Evans Cycles Limited (Pinnacle)
4.4.3. Hartmobile B.V. (Qwic)
4.4.4. MHW Bike-House GmbH (Cube Bikes)
4.4.5. myStromer AG (Stromer)
4.4.6. Rad Power Bikes
4.4.7. Raleigh Bicycle Company
4.4.8. Riese & Müller
4.4.9. Royal Dutch Gazelle
4.4.10. Specialized Bicycle Components
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:
- NETHERLANDS E-BIKE MARKET, BICYCLE SALES, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 2:
- NETHERLANDS E-BIKE MARKET, GDP PER CAPITA, VALUE, USD, 2017 - 2029
- Figure 3:
- NETHERLANDS E-BIKE MARKET, INFLATION RATE, VALUE, PERCENT, 2017 - 2029
- Figure 4:
- NETHERLANDS E-BIKE MARKET, ADOPTION RATE, VOLUME, PERCENT, 2017 - 2029
- Figure 5:
- NETHERLANDS E-BIKE MARKET, COMMUTERS WITH 5-15 KM TRAVEL DISTANCE, VOLUME, PERCENT, 2017 - 2029
- Figure 6:
- NETHERLANDS E-BIKE MARKET, BICYCLE RENTAL, VALUE, USD MILLION, 2017 - 2029
- Figure 7:
- NETHERLANDS E-BIKE MARKET, E-BIKE BATTERY PRICE, VALUE, USD, 2017 - 2029
- Figure 8:
- NETHERLANDS E-BIKE MARKET, PRICE CHART OF DIFFERENT BATTERY CHEMISTRY, VALUE, USD, 2017 - 2029
- Figure 9:
- NETHERLANDS E-BIKE MARKET, HYPER-LOCAL DELIVERY, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 10:
- NETHERLANDS E-BIKE MARKET, DEDICATED BICYCLE LANES, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 11:
- NETHERLANDS E-BIKE MARKET, NUMBER OF TREKKERS, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 12:
- NETHERLANDS E-BIKE MARKET, BATTERY CHARGING CAPACITY, VOLUME, UNITS, 2017 - 2029
- Figure 13:
- NETHERLANDS E-BIKE MARKET, TRAFFIC CONGESTION INDEX, VOLUME, PERCENT, 2017 - 2022
- Figure 14:
- NETHERLANDS E-BIKE MARKET, VOLUME, UNITS, 2017 - 2029
- Figure 15:
- NETHERLANDS E-BIKE MARKET, VALUE, USD MILLION, 2017 - 2029
- Figure 16:
- NETHERLANDS E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 17:
- NETHERLANDS E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 18:
- NETHERLANDS E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 19:
- NETHERLANDS E-BIKE MARKET, BY PROPULSION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 20:
- NETHERLANDS E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 21:
- NETHERLANDS E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 22:
- NETHERLANDS E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 23:
- NETHERLANDS E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 24:
- NETHERLANDS E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 25:
- NETHERLANDS E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 26:
- NETHERLANDS E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 27:
- NETHERLANDS E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 28:
- NETHERLANDS E-BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 29:
- NETHERLANDS E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 30:
- NETHERLANDS E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 31:
- NETHERLANDS E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 32:
- NETHERLANDS E-BIKE MARKET, BY APPLICATION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 33:
- NETHERLANDS E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 34:
- NETHERLANDS E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 35:
- NETHERLANDS E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 36:
- NETHERLANDS E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 37:
- NETHERLANDS E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 38:
- NETHERLANDS E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 39:
- NETHERLANDS E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 40:
- NETHERLANDS E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 41:
- NETHERLANDS E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 42:
- NETHERLANDS E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 43:
- NETHERLANDS E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 44:
- NETHERLANDS E-BIKE MARKET, BY BATTERY TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 45:
- NETHERLANDS E-BIKE MARKET, BY BATTERY TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 46:
- NETHERLANDS E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 47:
- NETHERLANDS E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 48:
- NETHERLANDS E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 49:
- NETHERLANDS E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 50:
- NETHERLANDS E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 51:
- NETHERLANDS E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 52:
- NETHERLANDS E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 53:
- NETHERLANDS E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 54:
- NETHERLANDS E-BIKE MARKET, BY BATTERY TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 55:
- NETHERLANDS E-BIKE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 56:
- NETHERLANDS E-BIKE MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 57:
- NETHERLANDS E-BIKE MARKET SHARE(%), BY MAJOR PLAYERS, 2022
Netherlands 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.
- The Netherlands is known for its extensive and well-developed cycling infrastructure, and e-bikes have become an increasingly popular mode of transportation in the country. In the Netherlands, e-bikes are widely available and can be rented or purchased from many bike shops. They are often used by commuters for daily transportation, as well as by tourists exploring the country. The Dutch government has also introduced incentives to encourage the use of e-bikes, such as tax breaks for businesses that provide them to their employees and subsidies for individuals who purchase them. This has helped to further promote the adoption of e-bikes in the country.
- In February 2021, Stromer opened its European subsidiary, myStromer Europe, in Den Bosch, the Netherlands. The new EU service center aims to increase the company's delivery capacity. Kobe Broos, previously the Market Manager of Stromer Benelux, will take over as the new General Manager of myStromer Europe. Initially, accessories and spare parts for European customers would be supplied directly from this subsidiary in Den Bosch. In a later phase, bike deliveries and the expansion of the showroom for dealer consultations and training would be included.
- As a result of the rising gasoline costs, both the government and the general public may choose electric vehicles. The speed pedelec is soon expected to be the most practical choice. A pedal-assisted bicycle is better suited for shorter trips. In recent future, people may probably prefer speed pedelecs as their power and speed capabilities are advancing. Throttle-assisted e-bikes are prohibited by law in the Netherlands, and they are far less widespread than pedal-assisted e-bikes.
| Propulsion Type | |
| Pedal Assisted | |
| Speed Pedelec | |
| Throttle Assisted |
| Application Type | |
| Cargo/Utility | |
| City/Urban | |
| Trekking |
| Battery Type | |
| Lead Acid Battery | |
| Lithium-ion Battery | |
| Others |
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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. |
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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
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