Electric Bike Kit Market Research Report Information by Class (Class-I, Class-II, Class-III), by Usage (Mountain/Trekking, City/Urban, Cargo, Others), by Battery (Lithium-Ion, Lithium-Ion Polymer, Lead Acid, Others), by Speed (Up to 25 KMPH, 25-45 KMPH), by Motor (Mid Motor, Hub Motor), by Mode (Pedal Assist Mode, Throttle Mode) and By Region (North America, Europe, Asia-Pacific, and Rest of the World) –Market Forecast Till 2032

Electric Bike Kit Market Overview:

The Electric Bike Kit market is projected to grow from USD 1.35 Billion in 2023 to USD 3.70 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.9% during the forecast period (2024 - 2032). Electric Bike Kit Market Size was valued at USD 1.18 Billion in 2022. Sustainable transportation, urban mobility challenges, health and fitness trends, cost savings, flexibility and customization are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Electric Bike Coversion Kit Market Trends

Commuting and urban mobility is driving the market growth

The market for electric bike kits has been expanding quickly in recent years, partly due to how commuting and urban mobility are changing. Electric bike kits have developed as a practical and environmentally friendly answer as cities become more congested and people look for other modes of transportation. This change in transportation preferences has had a big impact on the market and is anticipated to keep doing so in the years to come.

The growing focus on environmentally friendly transportation options is one of the major factors driving the growth of the electric bike kit Industry. People and governments alike are actively looking for solutions to lessen the environmental impact of transportation as worries about air pollution, traffic congestion, and greenhouse gas emissions mount. When outfitted with conversion kits, electric bikes provide a greener option to conventional gasoline-powered vehicles and even standard bicycles. They have no emissions, making them a desirable option for commuters who care about the environment. Electric bike kits are especially appealing to urban commuters because they offer a versatile and effective way to navigate crowded city streets. These kits' electric assistance enables users to go farther distances with less effort, making it feasible to commute in comfort even over long distances or in mountainous terrain. 

For those who may have previously relied on vehicles or public transportation for their daily commute, electric bike kits are an appealing option because of their adaptability and simplicity of use. The popularity of electric bike kits has also been boosted by the growing understanding of the health advantages of cycling. Electric bike commuting promotes physical activity and aids in maintaining an active lifestyle, minimizing the sedentary lifestyle that frequently results from lengthy periods spent in cars or on public transportation. Urban dwellers who value their health while traveling to work or running errands have taken notice of this health-conscious trend.

The market for electric bike kits has also been significantly influenced by governments and municipal authorities. Numerous communities are making investments in infrastructure upgrades like bike lanes, bike sharing initiatives, and grants for electric bikes and kits. These programs seek to lessen traffic congestion, enhance air quality, and encourage inhabitants to lead healthier lifestyles. Market expansion is directly impacted by incentives and regulations that encourage the use of electric bikes since they increase the availability and affordability of these kits for a wider variety of consumers. Technology developments have also improved the effectiveness and use of electric bike kits. The performance and responsiveness of motor and sensor technologies has increased, while lithium-ion batteries have become lighter and offer longer ranges. 

Electric bike kits are now more appealing to consumers because to technology advancements, which is accelerating industry expansion. The popularity of electric bike kits was further accelerated by the COVID-19 pandemic. People started looking for other modes of transportation that would enable them to maintain a physical distance while commuting when lockdowns and social distance-enforcing measures were put into place. People were able to avoid congested public transportation and lessen their exposure to potential health dangers thanks to the safe and dependable mode of mobility that electric bikes offered. Thus, driving the E-Bike Kit Industry revenue.

Electric Bike Kit Market Segment Insights:

Electric Bike Kit Class Insights

The Electric bike Kit Market segmentation, based on class includes class-I, class-II and class-III. The class-II segment dominated the market revenue. Offering riders who want smooth power on demand the convenience of throttle-controlled electric assistance, appealing to them, and increasing market accessibility for a wider spectrum of customers.

Electric Bike Kit Usage Insights

The Electric Bike Kit Market segmentation, based on usage, includes mountain/trekking, city/urban, cargo, others. The city/urban category generated the most income due to the growing demand for effective, affordable, and environmentally friendly commuting choices. Addressing urban mobility issues and lowering carbon footprints are desirable options for city dwellers because they provide a sustainable, effective, and congestion-busting alternative for daily commute.

Electric Bike Kit Battery Insights

The Electric Bike Kit Market segmentation, based on battery, includes lithium-ion, lithium-ion polymer, lead acid, others. The lithium-ion category generated the most income. Because of their light weight, high energy density, and extended lifespan, these batteries are the most frequently used ones in electric bike systems. The need for increased range and dependability.

Electric Bike Kit Speed Insights

The Electric Bike Motor Kit Market segmentation, based on speed, includes up to 25 KMPH, 25-45 KMPH. The 25-45 KMPH category generated the most income. By attracting commuters who want to go more quickly, cutting down on commute times, and providing an exhilarating riding experience, electric bike kits help the market grow and broaden its appeal beyond traditional cycling.

Electric Bike Motor Kit Insights

The Electric Bike Kit Market segmentation, based on motor, includes mid motor, hub motor. The hub motors category generated the most income. Due to their accessibility, simplicity, ease of installation, and quiet operation, electric bikes are practical for a variety of users.

Figure 1: Electric Bike Kit Market by Distribution channel, 2024 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Electric Bike Kit Mode Insights

The Electric Bike Kit Market segmentation, based on mode, includes pedal assist mode, throttle mode. The throttle mode category generated the most income. because of its wide appeal. It offers effortless and quick power to riders, making electric biking convenient and approachable for a wide range of customers.

Electric Bike Kit Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America E-Bike Kit Market dominated this market in 2022 (45.80%). Electric bike kits are well-liked for lowering emissions and encouraging sustainability because of the desire for environmentally friendly transportation solutions being driven by a growing environmental consciousness. Further, the U.S. Electric bike Kit market held the largest market share, and the Canada E Bike Kit market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Electric Bike Kit Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe E-Bike Kit market accounts for the second-largest market share. Due to wide bicycle network and bike-friendly cities provide the perfect setting for the use of electric bikes and equipment. Further, the German Electric Bike Kit market held the largest market share, and the UK E Bike Conversion Kit market was the fastest growing market in the European region

The Asia-Pacific Electric Bike Kit Industry is expected to grow at the fastest CAGR from 2024 to 2032. Due to the region's dense population and short commuting times, electric bike kits make for practical transportation solutions. Moreover, China’s Electric Bike conversion market held the largest market share, and the Indian Electric Bike Kit market was the fastest growing market in the Asia-Pacific region.

Electric Bike Kit Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Electric Bike Kit market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Electric Bike Kit industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Electric Bike Kit industry to benefit clients and increase the market sector. In recent years, the Electric Bike Kit industry has offered some of the most significant advantages to medicine. Major players in the Electric Bike Kit Industry, including Okinawa, YObykes, Benling, Revolt Motors, Lohia. Li-ions, 22Kymco, Ultraviolette Automotive, Palatino, Bajaj Auto, are attempting to increase market demand by investing in research and development operations.

Presently, Bajaj is the world's top three-wheeler and motorbike manufacturer, ranking third overall. The business of developing, producing, and distributing automobiles, including motorcycles, commercial vehicles, electric two-wheelers, and parts, is what the company does. Investments and the automotive business are its two business segments. The automotive segment is where the corporation gets the majority of its income.

Revolt Motors, Manufacturer of electric motorcycles designed to provide affordable and sustainable transportation options. Bikers may commute for less money and with no fuel residues thanks to the company's two-wheelers, which have a 4G LTE (Long-Term Evolution)-embedded SIM and artificial intelligence for data analytics and communication.

Key Companies in the Electric Bike Kit market include

• Okinawa


• YObykes


• Benling


• Revolt Motors


• Li-ions


• 22Kymco


• Ultraviolette Automotive


• Palatino


• Bajaj Auto

Electric Bike Kit Industry Developments

December 2022, At Hero E-Cycle Valley in Ludhiana, Hero Motors and Yamaha Motor Co. signed a contract to establish a "Global E-Cycle Drive Unit company." For Global Cycle OEMs, the 100-acre Hero E-Cycle Valley now produces both conventional and electric bicycles, as well as bicycle parts like alloy rims, aluminum frames, and handlebars. Additionally, it will produce HYM Drive Systems, with an annual capacity of one million units.

October 2020, New regulations on the usage of electric bicycles in the United States were made public by the U.S. Department of Interior. The Bureau of Land Management, National Park Service, Fish and Wildlife Service, and Bureau of Reclamation have all agreed to and are enforcing the regulations. The new laws permit public property managers to grant e-bikers access to bike lanes.

Electric Bike Conversion Kit Market Segmentation

Electric Bike Kit Market Class Outlook (USD Billion, 2018-2032)

• Class-I


• Class-II


• Class-III

Electric Bike Kit Market Usage Outlook (USD Billion, 2018-2032)

• Mountain/Trekking


• City/Urban


• Cargo


• Others

Electric Bike Kit Market Battery Outlook (USD Billion, 2018-2032)

• Lithium-Ion


• Lithium-Ion Polymer


• Lead Acid


• Others

Electric Bike Kit Market Speed Outlook (USD Billion, 2018-2032)

• Up to 25 KMPH


• 25-45 KMPH

Electric Bike Motor Kit Market Outlook (USD Billion, 2018-2032)

• Mid Motor


• Hub Motor

Electric Bike Kit Market Mode Outlook (USD Billion, 2018-2032)

• Pedal Assist Mode


• Throttle Mode

Electric Bike Conversion Kit Regional Outlook

• 
  
  Middle East
  
  


• 
  
  Africa
  
  


• 
  
  Latin America