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ELectric Bike Facts & Statistics for 2022

Views: 364     Author: Site Editor     Publish Time: 2022-04-30      Origin: Site

Electric Bike Facts

In 2022, electric bicycles are becoming more and more common on the streets. The technology that goes into them has never been as cheap or as accessible. They’ve become popular with commuters, leisure cyclists, and even roadies and mountain bikers.

The number of e-bikes is rising worldwide as an answer to people becoming more focused on their health and fitness, but also the environment. People in urban areas are now willing to ditch their cars and replace them with an e-bike, which was not the case just a few years ago.

Let’s dive into some interesting and up-to-date stats and facts about:

  • The history of e-bikes.

  • The growth of the worldwide market.

  • Usage statistics.

  • Health research related to e-bike usage.

  • Potential risks that come with electric bikes.

  • Laws governing the use of e-bikes around the world.

  • Environmental impact of electric bikes.

  • Costs and financial effects of e-biking compared to other modes of transportation.

  • And more!

History of E-Bikes: Key Facts and Moments

Contrary to popular belief, electric bikes are not a new thing. Even though they have become popular and widely available only in the last two decades, the concept of an e-bike has been known for more than 120 years.

  • The first patent for an e-bike was granted on December 31, 1895, to Ogden Bolton Jr. He invented a battery-powered electric bicycle with a “6-pole brush-and-commutator direct current (DC) hub motor mounted in the rear wheel.”

  • In 1897, Hosea W. Libbey was granted the second patent for an e-bike propelled by a double electric motor. The motor was placed inside the crankset axle hub, which is a popular solution today as well.

  • One year later, in 1898, a patent was granted to Matthew J. Steffens who invented a rear-wheel drive electric bicycle, which used a driving belt along the outside edge of the wheel.

  • Yet another year after that, John Schnepf invented a rear-wheel friction “roller-wheel” style drive electric bicycle.

E-Bicycle Patents

Quite surprisingly, the first patent for an e-bike was granted in 1895, well over a century ago! A few other e-bike-related breakthroughs followed before the end of the 19th century.

Big Breakthroughs Came in the 20th Century

Even though these electric bicycle concepts and inventions were rudimental, they created a starting point. Future inventors to refine them and make them readily available for consumers. The story behind e-bikes was put on hold for almost a century until big companies became interested in electric bicycles again in the 1990s.

  • In 1989, Yamaha built one of the first prototypes of electric bicycles and later also invented the pedal-assist system in 1993.

  • The worldwide production of e-bikes grew by 35% between 1993 and 2004.

  • In 1997, Lee Iacocca founded EV Global Motors and produced E-Bike SX, which was one of the first electric bicycles to become widely popular in the US.

  • More affordable early e-bikes used clunky lead-acid batteries, whereas more expensive models relied on NiMH, NiCd, or Li-ion batteries.

33Modern E-Bikes

After the first e-bike patent was granted at the end of the 19th century, significant successive efforts did not take place until the end of the 20th century.

The E-Bike Market Continues to Grow

The electric bicycle market has never stopped growing, ever since e-bikes first gained popularity in the 1990s and early 2000s. By 2007, e-bikes were estimated to make up 10 to 20% of all two-wheeled vehicles in Chinese cities. Today those numbers are even higher everywhere around the world.

  • In 2019, the electric bicycle market was estimated at $15.42 billion and is expected to achieve a CAGR (Compound Annual Growth Rate) of 7.49% between 2020-2025.

  • The same year, pedal-assisted electric bicycles dominated the market by propulsion type. They accounted for 88.36% of the worldwide market. Urban e-bikes dominated the market by application type.

  • Between 2020 and 2023, upwards of 130 million electric bicycles (using all battery technologies) are expected to be sold worldwide.

  • In 2023, e-bike sales are estimated to reach 40 million units worldwide, generating about US$20 billion in revenue.

E-Bikes in Numbers

The global electric bicycle market is expected to skyrocket in the following decade, achieving massive growth in Europe, Asia, and North America.

The growing number of global sales means that there are going to be more and more e-bikes on the streets worldwide. Therefore, by 2023, it is expected that the total number of electric bikes in circulation around the world will reach 300 million. That is a 50 percent increase compared to 2019’s 200 million.

China Is Leading the Front

Of all the regions in the world, China is leading the pack when it comes to the annual and total numbers of manufactured e-bikes, sold e-bikes, and the number of e-bikes on the streets.

Asia-Pacific is expected to dominate the global market in the future period, with China at the top.

China has been the leader in the number of annual electric bicycle sales for quite some time. In 2013, 37 million e-bikes were manufactured in the country, 32 million of which were sold that same year.

That same year, only 1.8 million e-bikes were sold in Europe, 440,000 in Japan, and just 185,000 in the United States.

China leads the way in terms of annual and total number of e-bikes manufactured

The production cost of lead-acid batteries is much lower compared to Li-ion. That is how China is staying competitive, as most e-bikes sold in North America and Europe are equipped with Li-ion batteries.

How Is China Staying Competitive?

Electric bicycles are more accessible in China because they are equipped with lead-acid batteries, which are cheaper than other types, bringing the final price of the e-bike down.

By using lead-acid batteries, an electric bicycle costs $167 in China on average. In comparison, e-bikes cost on average $815 in North America, and those in Western Europe cost an average of $1,546, according to Pike Research.

  • The Global market is dominated by China, as estimates show that 85% of all e-bikes are sold in this Asian country.

  • Estimates created by Macquarie show that there were 180 million e-bikes on the streets in China in 2013, which is substantially more than elsewhere around the world.

Electric Bicycle Market in Europe

The number of electric bicycles is rising in Europe as well. The leading countries include Germany, France, and Italy. But the trends can be seen elsewhere as well, such as in the Netherlands, Denmark, and the other Scandinavian countries.

  • After the Asia-Pacific region, the European region accounts for around 20% of the market. That is huge when we compare the number of people living in both regions.

  • In 2009, only around 500,000 electric bikes were sold in Europe. That number jumped to 2.6 million in 2018, which is more than a 500% increase in just 9 years.

  • In Germany, e-bike sales rose by 36%, reaching 1 million units.

  • According to the Royal Society for the Prevention of Accidents (ROSPA), Germany and The Netherlands are the two leading e-bike markets in Europe, accounting for 44% and 21% of all European sales, respectively.

  • In 2019, electric bicycle sales in Germany accounted for 25% of the entire bicycle market. Most Germans ride electric bicycles for leisure and sports, but also as a clean, quiet, and space-saving means of transportation.

  • Of all sales, 99.5% of e-bikes sold in Germany are 250W models that reach 25 kph speeds. The other 0.5% are speed pedelecs with a 45 kph maximum speed, which require insurance and a helmet.

E-Bikes Market in Europe

E-Bike Numbers on the Rise in All of Europe

Even though Germany is the European leader when it comes to the annual number of e-bikes sold, other European countries are following along.

  • In 2018, more than half of all adult bikes sold in the Netherlands were electric.

  • Similarly, Spain witnessed a 55% annual increase in e-bike sales in 2018, selling a total of 111,297 e-bikes for an average price of 2,165 euros each.

  • In the UK, e-bikes have taken longer to be regarded as a major mode of transport, although the number of

  • bikes now being sold has risen to around 50,000 per year and is expected to increase further.

  • Moreover, one study found that 5% of all UK residents said that they are ‘likely’ to purchase an e-bike in the following year. It is equating to around 2.5 million people.

Europe Users in Number

Germany is the European leader in the number of e-bikes on the street, but the Netherlands and Denmark are close behind.

More and More Electric Bicycles on the US Streets

Of all the global markets (except for Africa), the USA was the slowest to accept the electric bicycle as a viable means of transportation. Even today, the USA is considered to have a medium growth rate, which is much lower than the European and Asia-Pacific regions.

Growth by region(2020-2025)

The global electric bicycle market is fragmented, without a clear leader in the industry. Still, the most influential companies are Giant, Merida, Trek, Riese & Muller, and M1 Sporttechnik.

Nonetheless, the USA is picking up the pace and seeing higher and higher growths every year.

  • For example, between 2006 and 2012, electric bicycles accounted for less than 1% of all annual bicycle sales in the US.

  • The year 2013 is considered to be the inflection point in the US, with 185,000 electric bicycles sold in the US, according to INSG.

  • The number of sold e-bikes in the USA continued to rise, reaching 263,000 units sold in 2017. The following year, in 2018, those numbers surpassed 400,000.

The Electric Bicycle Market Is Fragmented

The electric bicycle market is highly fragmented.

That means that the market is not dominated by a few major players who have a monopoly over the manufacturing and the sales of the product. Instead, the market is highly competitive without any dominant players.

That said, there are still a few major players that lead the pack and make more sales than others. The biggest ones are Giant Bicycles, Merida, Trek Bikes, Riese & Muller, and M1 Sporttechnik.

In the future, however, Giant Bicycles is expected to become the most dominant player in the e-bike market. The company is located in Taiwan, which gives it easy access to China and the rest of the Asia-Pacific region. These are the biggest global e-bike markets at the moment.

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