Electric Mountain Bike Market Introduction and Overview
According to SPER Market Research, the Global Electric Mountain Bike Market is estimated to reach USD 16.91 billion by 2033 with a CAGR of 12.84%.
The report includes an in-depth analysis of the Global Electric Mountain Bike Market, including market size and trends, product mix, Applications, and supplier analysis. The inbuilt electric motor of an electric mountain bike (e-MTB) allows this robust and adaptable bicycle to easily navigate off-road terrain. Long rides, tough terrain, and steep inclines are all made easier with the battery-powered motor found on e-MTBs, which is different from regular mountain bikes. A more pleasurable and less taxing ride is possible since the motor offers different levels of support according on the terrain and the rider's input. The electric assist helps maintain pace and lessens physical effort, while E-MTBs are built to last through the rigors of off-road cycling thanks to their sturdy frames and powerful suspension systems.
- Ducati introduced their new line of electric bikes in March 2022, which includes the Futa, an ultra-lightweight race e-bike. The motor, an FSA System HM 1.0 with 250W and 31 lb-ft of torque, is mounted on the back hub of the Futa, which has a carbon fiber monocoque frame with sports endurance geometry.
- December 2021: saw the introduction of the "F2i" and "F3i," India's first connected e-mountain bikes, by e-cycle manufacturer Hero Lectro. These electric-MTBs have a 250W BLDC motor with great torque and a large capacity 6.4Ah IP67 rated battery.
Market Opportunities and Challenges
Opportunities-
Growing Interest in Eco-Friendly Vehicles - The modern world we live in depends heavily on mobility. Protecting the environment presents a major issue to society and governments worldwide due to the growing concern for maintaining it for future generations, mostly due to the increasing scarcity of natural resources and environmental concerns. Consequently, the growing market for e-mountain bikes offers a perfect answer to the problem. Governments and international organizations throughout the world are establishing strict emission requirements to minimize carbon emission levels due to the ever-growing environmental and health issues caused by the increasing emission levels.
Challenges: There are many challenges facing the electric mountain bike (e-MTB) business. One major obstacle is that e-MTBs are more expensive than regular cycles, which may deter many prospective customers. Because of their integrated motors and batteries, e-MTBs are complicated devices that need frequent maintenance and repair, which could raise ownership costs and necessitate specialized services. The infrastructure for charging and battery life are also important considerations; although progress is being made, battery range and the accessibility of convenient charging locations may still be barriers to longer trips. The regulatory environment is another difficulty because different jurisdictions have varied rules pertaining to the use of e-bikes, which can affect consumer adoption and industry growth.
Market Competitive Landscape
The market for e-mountain bikes is expanding, and some of the leading companies are Yamaha Motor, Pedego Electric Bikes, BH Bikes, and CUBE. By releasing new items with the newest technology, the corporations are growing their global footprint. With the industry expanding, numerous significant companies from different industries are joining the market.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Propulsion Type, By Application
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | BH Bikes, CUBE GmbH & Co. KG, Giant Manufacturing Co. Ltd, Pedego Electric Bikes, Pivot Cycles, Scott Sports SA, Trek Bicycle Corporation, Trinx Bikes, Yamaha Motor Co. Ltd, Others.
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COVID-19 Impact on Global Electric Mountain Bike Market
The global market for electric mountain bike (e-MTB) workstations was impacted by the COVID-19 outbreak in a number of ways. People looked for safe, socially isolated methods to be active, which led to a spike in demand for outdoor leisure activities and fitness solutions during the pandemic. As a result, e-MTBs and associated gear—such as workstations for storage and maintenance—saw a spike in interest. The closure of gyms and fitness centers led to a surge in demand for home-based bike maintenance solutions as more people bought personal fitness equipment, such as e-MTBs. On the other hand, the pandemic slowed down the production and delivery of e-MTB parts and accessories by upsetting supply networks.
Key Target Audience:
- Outdoor Enthusiasts
- Fitness Enthusiasts
- Commuters
- Cycling Professionals
- Tourists and Adventure Seekers
- Eco-conscious Consumers
- Recreational Riders
Our in-depth analysis of the Global Electric Mountain Bike Market includes the following segments:
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By Propulsion Type:
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Pedal-assisted
Throttle-Assisted
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By Application:
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Leisure
Commuting
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Key Topics Covered in the Report:
- Global Electric Mountain Bike Market Size (FY’2024-FY’2033)
- Overview of Global Electric Mountain Bike Market
- Segmentation of Global Electric Mountain Bike Market By Propulsion Type (Pedal-assisted, Throttle-Assisted)
- Segmentation of Global Electric Mountain Bike Market By Application (Leisure, Commuting)
- Statistical Snap of Global Electric Mountain Bike Market
- Expansion Analysis of Global Electric Mountain Bike Market
- Problems and Obstacles in Global Electric Mountain Bike Market
- Competitive Landscape in the Global Electric Mountain Bike Market
- Impact of COVID-19 and Demonetization on Global Electric Mountain Bike Market
- Details on Current Investment in Global Electric Mountain Bike Market
- Competitive Analysis of Global Electric Mountain Bike Market
- Prominent Players in the Global Electric Mountain Bike Market
- SWOT Analysis of Global Electric Mountain Bike Market
- Global Electric Mountain Bike Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Electric Mountain Bike Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Electric Mountain Bike Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Electric Mountain Bike Market
7. Global Electric Mountain Bike Market, By Propulsion Type (USD Million) 2020-2033
7.1. Global Electric Mountain Bike Market Size, Share and Forecast, By Propulsion Type, 2020-2026
7.2. Global Electric Mountain Bike Market Size, Share and Forecast, By Propulsion Type, 2027-2033
7.3. Pedal-assisted
7.4. Throttle-Assisted
8. Global Electric Mountain Bike Market, By Application (USD Million) 2020-2033
8.1. Global Electric Mountain Bike Market Size, Share and Forecast, By Application, 2020-2026
8.2. Global Electric Mountain Bike Market Size, Share and Forecast, By Application, 2027-2033
8.3. Leisure
8.4. Commuting
9. Global Electric Mountain Bike Market Forecast, 2020-2033 (USD Million)
9.1. Global Electric Mountain Bike Market Size and Market Share
10. Global Electric Mountain Bike Market, By Region, 2020-2033 (USD Million)
10.1. Global Electric Mountain Bike Market Size and Market Share By Region (2020-2026)
10.2. Global Electric Mountain Bike Market Size and Market Share By Region (2027-2033)
10.3. Asia-Pacific
10.3.1. Australia
10.3.2. China
10.3.3. India
10.3.4. Japan
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. Europe
10.4.1. France
10.4.2. Germany
10.4.3. Italy
10.4.4. Spain
10.4.5. United Kingdom
10.4.6. Rest of Europe
10.5. Middle East and Africa
10.5.1. Kingdom of Saudi Arabia
10.5.2. United Arab Emirates
10.5.3. Qatar
10.5.4. South Africa
10.5.5. Egypt
10.5.6. Morocco
10.5.7. Nigeria
10.5.8. Rest of Middle-East and Africa
10.6. North America
10.6.1. Canada
10.6.2. Mexico
10.6.3. United States
10.7. Latin America
10.7.1. Argentina
10.7.2. Brazil
10.7.3. Rest of Latin America
11. Company Profile
11.1. BH Bikes
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. CUBE GmbH & Co. KG
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Giant Manufacturing Co. Ltd
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Pedego Electric Bikes
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Pivot Cycles
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Scott Sports SA
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Trek Bicycle Corporation
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Trinx Bikes
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Yamaha Motor Co. Ltd
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Others
12. Conclusion
13. Reference Links
14. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
