Latin America Electric Bicycle Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Latin America Electric Bicycle Market Size- By Battery Type, By Battery Capacity, By Propulsion, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: AMIN2425 | Pages: 1 - 159 | Formats*: |
| Category : Automotive & Transportation | |||
Latin America Electric Bicycle Market Introduction and Overview
According to SPER Market Research, the Latin America Electric Bicycle Market is estimated to reach USD XX Billion by 2033 with a CAGR of 7.7%.
The report includes an in-depth analysis of the Latin America Electric Bicycle Market, including market size and trends, product mix, applications, and supplier analysis. Electric bicycles, also known as E-bicycles, are vehicles equipped with electric motors and additional battery systems to support the rider during pedaling. These E-bicycles serves as an effective mode of transportation, offering cost-effectiveness, freedom from fuel dependency, and a sustainable means of travel.
- The food delivery e-commerce website IFood and the electric bicycle service company Tembici established a partnership in 2022. As per the agreement, Tembici would give IFood close to 2,500 electric bikes in order to increase its market share in Brazil and boost sales of electric bicycles.
- 2023: Uber Technologies and Tembici established a partnership in 2023 to provide shared electric bicycle services throughout Latin America. By the end of 2023, the company hopes to have about 10,000 electric motorcycles available in Brazil.
Latin America Electric Bicycle Market Opportunities and Challenges
Opportunities Growing Adoption of Electric Bike-Rental Services Will Lead to Their Expanding: People in the area are moving to shared electric bicycle services as a result of the region's shift to sustainable mobility and the high cost of petroleum. For regular commuters, renting electric bicycles from a local station and riding them to their destination is a very convenient option. Shared e-bikes are more affordable because they require no maintenance, making them convenient. As a result, more and more people in Latin America are riding electric bicycles. In light of this trend, the current shared mobility service providers are launching a fleet of electric bicycles specifically designed to capitalise on the new revenue stream.
For example: Uber Technologies and Tembici established a partnership in 2023 to provide shared electric bicycle services throughout Latin America. By the end of 2023, the company hopes to have about 10,000 electric motorcycles available in Brazil. Furthermore, because of the growing importance of sustainable transportation provided by regional governments and the growing tourism industry, more providers of shared mobility services are anticipated to expand the size of their fleet of electric bicycles in the upcoming years. This presents a chance for producers of electric bicycles, thereby fostering an atmosphere that will support the expansion of the Latin American electric bicycle market in the forecast period.
Challenges Widespread Accessibility of Alternatives to Restrict the Market's Growth for Electric Bicycles:
There are many different options available to replace electric bicycles, such as regular bicycles, low-power electric bikes and scooters, and electric mopeds. These alternatives are perfect for the job and provide all the advantages of an e-bike, including reduced maintenance costs, increased efficiency, freedom from traffic jams, and many more. Because of this, consumers in the Latin American region who purchase electric bikes have the ability to quickly switch to other options, which hinders the expansion of the Latin American electric bicycle market.
Market Competitive Landscape
The competitive landscape of the electric bicycle market in Latin America reflects a dynamic industry with various players striving for prominence. The major key players in the Latin America Electric Bicycle Market are: Brazil Electric Bikes, Caloi, E Mov Inc., E-Moving, Haibike, Lev Bicycle, Merida Bikes, Ridley Bikes, Trek Bike Corporation, Vela Bikes and Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Battery Type, By Battery Capacity, By Propulsion, By Application |
| Regions covered | Argentina, Brazil, Columbia, Mexico and rest of Latin America |
| Companies Covered | Brazil Electric Bikes, Caloi, E Mov Inc., E-Moving, Haibike, Lev Bicycle, Merida Bikes, Ridley Bikes, Trek Bike Corporation, Vela Bikes and Others |
COVID-19 Impact on Latin America Electric Bicycle Market
Despite rigorous controls, daily infections in Latin America—which is currently the main COVID-19 epicenter—surpassed those in Europe and the United States. There were interruptions to supply networks, commodities pricing, and tourism. To lessen the congestion on public transport, cities like Buenos Aires, Bogota, Lima, and Quito responded by encouraging cycling, extending bike lanes, and limiting car access. The pandemic caused a change in behaviour towards health consciousness, which led to a rise in the use of electric bicycles. People can burn calories while cycling with this shift, and the electric assistance is helpful when climbing hills or riding in strong headwinds. As a result of shifting customer tastes, the electric bicycle market in Latin America is expanding favourably.
Key Target Audience
- Urban Commuters:
- Eco-Conscious Consumers:
- Fitness Enthusiasts:
- Senior Citizens:
- Students and Campus Commuters:
- Adventure Seekers:
- Delivery and Logistics Industry:
- Tourism and Rental Services:
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Our in-depth analysis of the Latin America Electric Bicycle Market includes the following segments:
| By Battery Type: |
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| By Battery Capacity: |
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| By Propulsion: |
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| By Application: |
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Key Topics Covered in the Report
Latin America Electric Bicycle Market Size (FY’2023-FY’2033)
Overview of Latin America Electric Bicycle Market
Segmentation of Latin America Electric Bicycle Market By Battery Type (Lead Acid Battery, Lithium Ion Battery, Nickel Cadmium, Nickel Metal Hydride, Others)
Segmentation of Latin America Electric Bicycle Market By Battery Capacity (Less than 250 W, 251 W to 450 W, 451 W to 650 W, Above 651 W)
Segmentation of Latin America Electric Bicycle Market By Propulsion (Pedal Assisted, Throttle Assisted)
Segmentation of Latin America Electric Bicycle Market By Application (Cargo, Trekking, Urban Commute)
Statistical Snap of Latin America Electric Bicycle Market
Expansion Analysis of Latin America Electric Bicycle Market
Problems and Obstacles in Latin America Electric Bicycle Market
Competitive Landscape in the Latin America Electric Bicycle Market
Impact of COVID-19 and Demonetization on Latin America Electric Bicycle Market
Details on Current Investment in Latin America Electric Bicycle Market
Competitive Analysis of Latin America Electric Bicycle Market
Prominent Players in the Latin America Electric Bicycle Market
SWOT Analysis of Latin America Electric Bicycle Market
Latin America Electric Bicycle Market Future Outlook and Projections (FY’2023-FY’2033)
Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Latin America Electric Bicycle Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Latin America Electric Bicycle Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Latin America Electric Bicycle Market
7. Latin America Electric Bicycle Market, By Battery Type (USD Million)
7.1. Latin America Electric Bicycle Market Value Share and Forecast, By Battery Type, 2023-20337.2. Lead Acid Battery7.3. Lithium Ion Battery7.4. Nickel Cadmium7.5. Nickel Metal Hydride7.6. Others
8. Latin America Electric Bicycle Market, By Battery Capacity (USD Million)
8.1. Latin America Electric Bicycle Market Value Share and Forecast, By Battery Capacity, 2023-20338.2. Less than 250 W8.3. 251 W to 450 W8.4. 451 W to 650 W8.5. Above 651 W
9. Latin America Electric Bicycle Market, By Propulsion (USD Million)
9.1. Latin America Electric Bicycle Market Value Share and Forecast, By Propulsion, 2023-20339.2. Pedal Assisted9.3. Throttle Assisted
10. Latin America Electric Bicycle Market, By Application (USD Million)
10.1. Latin America Electric Bicycle Market Value Share and Forecast, By Application, 2023-203310.2. Cargo10.3. Trekking10.4. Urban Commute
11. Latin America Electric Bicycle Market Forecast, 2019-2033 (USD Million)
11.1. Latin America Electric Bicycle Market Size and Market Share
12. Latin America Electric Bicycle Market, By Battery Type, 2019-2033 (USD Million)
12.1. Latin America Electric Bicycle Market Size and Market Share By Battery Type (2019-2026)12.2. Latin America Electric Bicycle Market Size and Market Share By Battery Type (2027-2033)
13. Latin America Electric Bicycle Market, By Battery Capacity, 2019-2033 (USD Million)
13.1. Latin America Electric Bicycle Market Size and Market Share By Battery Capacity (2019-2026)13.2. Latin America Electric Bicycle Market Size and Market Share By Battery Capacity (2027-2033)
14. Latin America Electric Bicycle Market, By Propulsion, 2019-2033 (USD Million)
14.1. Latin America Electric Bicycle Market Size and Market Share By Propulsion (2019-2026)14.2. Latin America Electric Bicycle Market Size and Market Share By Propulsion (2027-2033)
15. Latin America Electric Bicycle Market, By Application, 2019-2033 (USD Million)
15.1. Latin America Electric Bicycle Market Size and Market Share By Application (2019-2026)15.2. Latin America Electric Bicycle Market Size and Market Share By Application (2027-2033)
16. Latin America Electric Bicycle Market, By Region, 2019-2033 (USD Million)
16.1. Latin America Electric Bicycle Market Size and Market Share By Region (2019-2026)16.2. Latin America Electric Bicycle Market Size and Market Share By Region (2027-2033)16.3. Argentina16.4. Brazil16.5. Columbia16.6. Mexico16.7. Rest of Latin America
17. Company Profile
17.1. Brazil Electric Bikes17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Caloi17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. E Mov Inc.17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. E-Moving17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Haibike17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Lev Bicycle17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Merida Bikes17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Ridley Bikes17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Trek Bike Corporation17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Vela Bikes17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
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.
Frequently Asked Questions About This Report
Latin America Electric Bicycle Market is projected to reach USD XX billion by 2033, growing at a CAGR of 7.7% during the forecast period.
Latin America Electric Bicycle Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 7.7% during the forecast period.
Latin America Electric Bicycle Market CAGR of 7.7% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Latin America Electric Bicycle Market size is USD XX billion from 2023 to 2033.
Latin America Electric Bicycle Market Segment is covered By Battery Type, By Battery Capacity, By Propulsion, By Application.
The Latin America and Africa is anticipated to have the highest market share in the Latin America Electric Bicycle Market.
"The key players in the market include Companies Covered Brazil Electric Bikes, Caloi, E Mov Inc., E-Moving, Haibike, Lev Bicycle, Merida Bikes, Ridley Bikes, Trek Bike Corporation, Vela Bikes and Others."
This presents a chance for producers of electric bicycles, thereby fostering an atmosphere that will support the expansion of the Latin American electric bicycle market in the forecast period.
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