How big is the South Korea E-bike Market?

The South Korea E-bike Market size is expected to reach USD 90.34 million in 2024 and grow at a CAGR of 10.66% to reach USD 149.93 million by 2029. Read More

What is the current South Korea E-bike Market size?

In 2024, the South Korea E-bike Market size is expected to reach USD 90.34 million. Read More

Who are the key players in South Korea E-bike Market?

Maxon Motor AG, Myvelo Co. Ltd, Samchuly Bicycle, Scott Sports and VanMoof are the major companies operating in the South Korea E-bike Market. Read More

Which segment has the biggest share in the South Korea E-bike Market?

In the South Korea E-bike Market, the Pedal Assisted segment accounts for the largest share by propulsion type. Read More

Which is the fastest growing segment in the South Korea E-bike Market?

In 2024, the Speed Pedelec segment accounts for the fastest growing by propulsion type in the South Korea E-bike Market. Read More

What years does this South Korea E-bike Market cover, and what was the market size in 2023?

In 2023, the South Korea E-bike Market size was estimated at 90.34 million. The report covers the South Korea E-bike Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Korea E-bike Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

South Korea E-bike Companies - Top Company List

South Korea E-bike Top Companies

South Korea E-bike Market

Top 5 South Korea E-bike Companies

Maxon Motor AG
Myvelo Co. Ltd
Samchuly Bicycle
Scott Sports
VanMoof

Source: Mordor Intelligence

*Top companies in "South Korea E-bike Market" based on their market share in 2024, sorted in no particular order

Get market shares and tailor-made intelligence on top players.

Get Free Proposal

Top 5 South Korea E-bike Companies

Global Overview	Operations in this Market	Strengths	Strategies & Outlook
Maxon Motor AG
A key player providing robust drive systems tailored for e-bikes.	The company integrates advanced motor technology for enhanced e-bike performance.	Renowned for high-quality drive systems and robust engineering.	Investing in advanced motor technology for improved performance and efficiency.
Myvelo Co. Ltd
Develops innovative electric bicycles catering to diverse consumer needs.	Specializes in customizable e-bike solutions tailored to local consumer demands.	Offers custom e-bike solutions, enhancing user appeal and satisfaction.	Expanding product lines to cater to a broader customer demographic.
Samchuly Bicycle
Recognized for a significant presence in traditional and electric bicycles.	Offers a broad range of bicycles, leveraging established brand presence in the market.	Established legacy in cycling, ensuring reliability and brand trust.	Enhancing distribution channels to boost market reach and availability.
Scott Sports
Engages in producing high-performance electric bikes for sports enthusiasts.	Focuses on high-performance models appealing to sport-oriented consumers.	Diversified product range catering to different cycling segments effectively.	Adopting a sustainability initiative to improve brand loyalty and consumer interest.
VanMoof
Known for stylish e-bikes emphasizing technology and urban commuting.	Utilizes tech-forward design in urban settings for light commuting and convenience.	Innovative design combined with technology enhances urban mobility solutions.	Integration of smart technology in bikes to attract tech-savvy customers.

Uncover market estimates, industry Trends and competitive landscape in a single report

Download PDF

Other Top South Korea E-bike Companies

Global Overview	Operations in this Market	Strengths	Strategies & Outlook
Alton Sports Co. Ltd.
Offers a variety of sporting goods, including electric bicycles.	Maintains a growing presence in budget-friendly models for a wider audience.	Strong distribution network supports broad market reach and accessibility.	Strengthening online presence to cater to the growing e-commerce market.
Giant Manufacturing Co.
Engaged in manufacturing a broad range of bicycles, including e-bikes.	Holds significant market share, known for quality and diverse product offerings.	Global recognition paired with extensive production capabilities fosters growth.	Leveraging a global supply chain for competitive pricing and product diversity.
Riese & Müller
Focuses on premium electric bikes integrating advanced engineering.	Dedicated to premium models, focusing on durability and long-range capabilities.	Focus on premium quality and performance creates a loyal customer base.	Focusing on premium e-bikes to target high-end market segments.
Swagtron
Produces a variety of electric vehicles including economical e-bikes.	Innovates with budget options, targeting entry-level consumers in the market.	Offers competitive pricing, attracting budget-conscious consumers in the market.	Continuously innovating in electric vehicle products for varied consumer preferences.
Trek Bicycle Corporation
A major manufacturer with a wide range of electric bicycle offerings.	Offers extensive range, combining performance models with eco-friendly initiatives.	Strong innovation track record ensures cutting-edge product offerings.	Developing partnerships with local retailers for enhanced market penetration.

Get hard to find intelligence on your customers, suppliers, partners and competitors-backed with on-the-gorund-data.

In-depth company profiles
Segment level market shares
Strategy assessment and SWOT analysis
Product portfolio and pricing details

Identification and shortlisting of potential partners
Need analysis and unmet needs
Purchase and usage behavior
Partner/customer feedback and satisfaction

Ask us anything

Competitive Analysis of Best Companies in South Korea E-bike Market

South Korea E-bike Market: Competitive Landscape

Market Characteristics:
The South Korea E-bike Market is characterized by a fragmented structure where no single player dominates, allowing various companies to compete for consumer attention. This environment enables both local and international players, with specialized companies making significant inroads. The competitive landscape features established conglomerates alongside nimble startups, catering to a growing demand for environmentally friendly transportation. As consumer preferences shift towards electric mobility, the dynamics of the market are evolving, leading to a broad assortment of e-bike models and features available to consumers.

Major Players Overview:
Key players in the South Korea E-bike Market include notable companies such as Alton Sports Co. Ltd., Maxon Motor AG, and Samchuly Bicycle, each bringing unique offerings to the table. Giant Manufacturing Co. not only has a prominent global presence but also maintains a strong foothold in the South Korean market. Meanwhile, Riese & Müller and Scott Sports are recognized for their focus on performance-centered models. The presence of such diverse companies contributes to a rich array of choices for consumers looking for specialized features or innovative designs in their e-bikes.

Market Trends and Future Strategies:
Current trends driving the South Korea E-bike Market include a growing interest in sustainable transportation and advancements in battery technology. Companies will need to prioritize investment in R&D to keep pace with consumer expectations for longer range and faster charging. Building brand loyalty through quality service and community engagement will also be critical. Additionally, expanding digital presence through effective e-commerce strategies can aid companies in reaching a wider audience while maintaining competitive advantages in this dynamic market landscape.

Explore More