South & Central America E-Bike Market Forecast to 2030 - Regional Analysis - by Battery Type (Lithium-Ion, Lithium-Ion Polymer, Lead Acid, and Nickel Metal Hydride), Motor Type (Hub Motor and Mid Motor), Class (Class-I, Class-II, and Class-III), and Mode (Pedal Assist Mode and Throttle Mode)
Rising Adoption of Connected E-Bikes Among Business and Government Sectors Fuels the South & Central America E-Bike Market
The connected e-bike is gaining popularity across the world owing to growing urbanization and rising traffic congestion issues. The urban population uses e-bikes to avoid the traffic congestion problems. Also, rising urbanization and increasing government spending on cycling tracks and e-bike connection infrastructure would offer opportunities for the global e-bike market in the coming years. According to the U.N. Organizations, around 55.0% of the global population lives in urban areas, and it is projected to reach 68% by 2050. Transportation systems are not built to cope with the future demand of rising congestion and pollution. To tackle such problems, the key players are launching connected e-bikes with built-in scanners to pay and lock. This electric bike is available and can be charged based on the time and distance traveled by the users. Several business entities and key players are adopting multiple strategies such as partnerships and collaborations to provide connected e-bikes for traveling short distances to avoid traffic congestion.
Further, in July 2023, Hero Electric partnered with Maxwell Energy Systems to offer battery management systems to more than 1 million units for the next three years.
Such, rising adoption and development of the e-bike models and e-bike sharing platforms among the individuals around the globe is expected to create ample opportunity for the market growth. Several companies are launching the e-bike sharing platforms to avoid the traffic congestion problems around the globe which is expected to create tremendous opportunity in upcoming future.
South & Central America E-Bike Market Overview
Growing urbanization, rising investments in cycling track development, and increasing consumer awareness regarding environmentally friendly transportation drive the e-bike market growth. Governments of several countries announce ample investments and subsidies for the adoption of e-bikes.
The e-bike market in South American countries is growing moderately due to a lack of manufacturers and government incentive schemes to adopt e-bikes and electric vehicles. According to data from the Brazilian Bicycle Association, sales of e-bikes in Brazil increased by 27% in 2021 compared to previous year 2020. The market predicts that this year's sales may increase by another 50%. In other words, total sales of electric bicycles in Brazil exceeded to around 60,000 in 2022. According to Alianca Bike, the Brazilian Association of the Bicycle Sector, the market for electric bicycles expanded by 24.5% from January to August 2021 compared to the previous year's period.
South & Central America E-Bike Market Revenue and Forecast to 2030 (US$ Million)
South & Central America E-Bike Market Segmentation
The South & Central America e-bike market is segmented based on battery type, motor type, class, mode, and country.
Based on battery type, the South & Central America e-bike market is segmented into lithium-ion, lithium-ion polymer, lead acid, and nickel metal hydride. The lithium-ion segment held the largest South & Central America e-bike market share in 2022.
In terms of motor type, the South & Central America e-bike market is bifurcated into mid motor and hub motor. The mid motor segment held a larger South & Central America e-bike market share in 2022.
Based on class, the South & Central America e-bike market is segmented into class-I, class-II, and class-III. The class-I segment held the largest South & Central America e-bike market share in 2022.
By mode, the South & Central America e-bike market is bifurcated into pedal assist mode and throttle mode. The pedal assist mode segment held a larger South & Central America e-bike market share in 2022.
Based on country, the South & Central America e-bike market is categorized into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America e-bike market in 2022.
Giant Manufacturing Co Ltd, Merida Industry Co Ltd, Robert Bosch GmbH, Specialized Bicycle Components Inc, Shimano Inc, Trek Bicycle Corp, and Yamaha Motor Co Ltd are some of the leading companies operating in the South & Central America e-bike market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America E-Bike Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of E-Bike Suppliers
5. South & Central America E-Bike Market - Key Industry Dynamics
5.1 South & Central America E-Bike Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growth of Outdoor Sports and Adventurous Activities
5.2.2 Government Initiatives for Promoting Eco-Friendly Modes of Transportation
5.2.3 Increasing Prices of Fuel and Rising Adoption of Environment-Friendly Transportation
5.3 Market Restraints
5.3.1 High Cost of E-Bikes and Requirement of Huge Capital Investments in Their Manufacturing
5.4 Market Opportunities
5.4.1 Rising Adoption of Connected E-Bikes Among Business and Government Sectors
5.5 Future Trends
5.5.1 Development of E-Bikes Using Lightweight Material and Advanced Smart Systems
5.6 Impact of Drivers and Restraints:
6. E-Bike Market - South & Central America Market Analysis
6.1 South & Central America E-Bike Market Revenue (US$ Million), 2022 - 2030
6.2 South & Central America E-Bike Market Forecast and Analysis
7. South & Central America E-Bike Market Analysis - Battery Type
7.1 Lithium-Ion
7.1.1 Overview
7.1.2 Lithium-Ion: South & Central America E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Lithium-Ion Polymer
7.2.1 Overview
7.2.2 Lithium-Ion Polymer: South & Central America E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Lead Acid
7.3.1 Overview
7.3.2 Lead Acid: South & Central America E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Nickel Metal Hydride
7.4.1 Overview
7.4.2 Nickel Metal Hydride: South & Central America E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America E-Bike Market Analysis - Motor Type
8.1 Mid Motor
8.1.1 Overview
8.1.2 Mid Motor: South & Central America E-Bike Market, Revenue, and Forecast to 2030 (US$ Million)
8.2 Hub Motor
8.2.1 Overview
8.2.2 Hub Motor: South & Central America E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
9. South & Central America E-Bike Market Analysis - Class
9.1 Class I
9.1.1 Overview
9.1.2 Class I: South & Central America E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Class II
9.2.1 Overview
9.2.2 Class II: South & Central America E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Class III
9.3.1 Overview
9.3.2 Class III : South & Central America E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
10. South & Central America E-Bike Market Analysis - Mode
10.1 Pedal Assisted Mode
10.1.1 Overview
10.1.2 Pedal Assisted Mode: South & Central America E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Throttle Mode
10.2.1 Overview
10.2.2 Throttle Mode: South & Central America E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
11. South & Central America E-Bike Market - Country Analysis
11.1 South America
11.1.1 South America E-Bike Market Overview
11.1.2 South America E-Bike Market Revenue and Forecasts and Analysis - By Countries
11.1.2.1 Brazil E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.1.1 Brazil E-Bike Market Breakdown by Battery Type
11.1.2.1.2 Brazil E-Bike Market Breakdown by Motor Type
11.1.2.1.3 Brazil E-Bike Market Breakdown by Class
11.1.2.1.4 Brazil E-Bike Market Breakdown by Mode
11.1.2.2 Argentina E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.2.1 Argentina E-Bike Market Breakdown by Battery Type
11.1.2.2.2 Argentina E-Bike Market Breakdown by Motor Type
11.1.2.2.3 Argentina E-Bike Market Breakdown by Class
11.1.2.2.4 Argentina E-Bike Market Breakdown by Mode
11.1.2.3 Rest of SAM E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.3.1 Rest of SAM E-Bike Market Breakdown by Battery Type
11.1.2.3.2 Rest of SAM E-Bike Market Breakdown by Motor Type
11.1.2.3.3 Rest of SAM E-Bike Market Breakdown by Class
11.1.2.3.4 Rest of SAM E-Bike Market Breakdown by Mode
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Giant Manufacturing Co Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Merida Industry Co., Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Robert Bosch GmbH
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Specialized Bicycle Components, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Shimano Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Trek Bicycle Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Yamaha Motor Co Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
List of Tables
Table 1. South & Central America E-Bike Market Segmentation
Table 2. List of Vendors in the Value Chain
Table 3. South & Central America E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. South & Central America E-Bike Market Revenue and Forecasts To 2030 (US$ Million) - Battery Type
Table 5. South & Central America E-Bike Market Revenue and Forecasts To 2030 (US$ Million) - Motor Type
Table 6. South & Central America E-Bike Market Revenue and Forecasts To 2030 (US$ Million) - Class
Table 7. South & Central America E-Bike Market Revenue and Forecasts To 2030 (US$ Million) - Mode
Table 8. South America E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) - By Country
Table 9. Brazil E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) - By Battery Type
Table 10. Brazil E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) - By Motor Type
Table 11. Brazil E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) - By Class
Table 12. Brazil E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) - By Mode
Table 13. Argentina E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) - By Battery Type
Table 14. Argentina E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) - By Motor Type
Table 15. Argentina E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) - By Class
Table 16. Argentina E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) - By Mode
Table 17. Rest of SAM E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) - By Battery Type
Table 18. Rest of SAM E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) - By Motor Type
Table 19. Rest of SAM E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) - By Class
Table 20. Rest of SAM E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) - By Mode
Table 21. List of Abbreviation
List of Figures
Figure 1. South & Central America E-Bike Market Segmentation, By Country
Figure 2. Ecosystem: South & Central America E-Bike Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. South & Central America E-Bike Market Revenue (US$ Million), 2022 - 2030
Figure 5. South & Central America E-Bike Market Share (%) - Battery Type, 2022 and 2030
Figure 6. Lithium-Ion: South & Central America E-Bike Market, Revenue and Forecasts To 2030 (US$ Million)
Figure 7. Lithium-Ion Polymer: South & Central America E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Lead Acid: South & Central America E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Nickel Metal Hydride: South & Central America E-Bike Market, Revenue and Forecasts To 2030 (US$ Million)
Figure 10. South & Central America E-Bike Market Share (%) - Motor Type, 2022 and 2030
Figure 11. Mid Motor: South & Central America E-Bike Market, Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Hub Motor: South & Central America E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. South & Central America E-Bike Market Share (%) - Class, 2022 and 2030
Figure 14. Class I: South & Central America E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Class II: South & Central America E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Class III: South & Central America E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. South & Central America E-Bike Market Share (%) - Mode, 2022 and 2030
Figure 18. Pedal Assisted Mode: South & Central America E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Throttle Mode: South & Central America E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. South America E-Bike Market Revenue, by Key Countries, (2022) (US$ Mn)
Figure 21. South America E-Bike Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 22. Brazil E-Bike Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. Argentina E-Bike Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. Rest of SAM E-Bike Market Revenue and Forecasts To 2030 (US$ Mn)
2. Merida Industry Co., Ltd.
3. Robert Bosch GmbH
4. Specialized Bicycle Components, Inc.
5. Shimano Inc
6. Trek Bicycle Corp
7. Yamaha Motor Co Ltd