Southeast Asia Electric Bike Market Research Report—Forecast till 2032

Southeast Asia Electric Bike Market Research Report Information By Type (Pedal-assisted and Throttle-assisted (Power-on-demand)), By Application (City/Urban, Trekking (E-mountain Bikes/E-MTB), and Cargo), By Battery Type (Lithium-ion and Lead-acid) And By Region (Vietnam, Indonesia, Malaysia, Thailand, Singapore, and Rest of South-East Asia) –Market Forecast Till 2032

ID: MRFR/AM/11120-HCR | 128 Pages | Author: Sejal Akre | March 2024         

Southeast Asia Electric Bike Market Overview


Southeast Asia Electric Bike Market Size was valued at USD 51.2 Billion in 2022. The Southeast Asia Electric Bike market industry is projected to grow from USD 56.21 Billion in 2023 to USD 118.76 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.80% during the forecast period (2023 - 2032). Growing environmental consciousness, urbanization, and government support for sustainable transportation are the key market drivers boosting the market growth.


Southeast Asia Electric Bike Market Overview


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


Southeast Asia Electric Bike Market Trends




  • Increasing Technological Advancements is Surging the market growth




The increasing acceptance of e-bikes as an effective and environmentally friendly form of urban transportation is one such trend. Given the region's increasing urbanization and traffic problems in large cities, e-bikes offer a practical and environmentally responsible substitute for short- to medium-distance travel. By making it easier for riders to maneuver through traffic, the electric assist feature lessens the need for cars and motorcycles and helps cut down on air pollution and emissions. An additional noteworthy trend is the advancement of inventive e-bike features and designs. A selection of e-bike models, including enhanced battery technology, extended ranges, and fashionable designs, are being introduced by manufacturers and international companies throughout Southeast Asia. A broader spectrum of consumers find these improvements appealing, but urban professionals, delivery riders, and eco-conscious people are the main targets. Further increasing e-bike acceptance in the area are features like detachable batteries, lightweight frames, and smart connectivity, which improve the whole e-bike experience and further aid in the growing Market CAGR.


In Southeast Asia, the use of e-bikes for last-mile delivery has grown significantly as a result of the growth of e-commerce and food delivery services. Delivery services and gig workers are increasingly using e-bikes as an effective means of getting goods to customers. Deliveries may be made faster and more affordably thanks to the electric assist, which also lessens the carbon footprint of delivery activities. Because of this tendency, the demand for e-bikes has increased dramatically as more people and businesses realize how advantageous it is to use e-bikes for delivery services in terms of both economy and practicality.


Southeast Asia Electric Bike Market Segment Insights


Southeast Asia Electric Bike Type Insights


The Southeast Asia E Bike market segmentation, based on type, includes Pedal-assisted and Throttle-assisted (Power-on-demand). The equipment segment dominates the Southeast Asian electric bike market, accounting for a larger share than services. Numerous factors contribute to this supremacy. First off, there is now a greater need for actual e-bike units due to the region's notable increase in e-bike use. E-bike manufacturers are seeing an increase in orders as urban populations grow and consumers look for environmentally friendly transportation options.


Figure 1: Southeast Asia Electric Bike Market, by Type, 2022 & 2032 (USD Billion)


Southeast Asia Electric Bike Market, by Type, 2022 & 2032


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


Southeast Asia Electric Bike Application Insights


The Southeast Asia Electric Bike market segmentation, based on Application, includes City/Urban,  Trekking (E-mountain Bikes/E-MTB), and Cargo. The pedal-assisted (power-on-demand) e-bike sector is the largest propulsion type in the Southeast Asian electric bike market, surpassing throttle-assisted e-bikes. Numerous factors contribute to this supremacy. First of all, since they require riders to pedal while receiving electric help, pedal-assisted e-bikes are a popular option for both commuting and leisure, which is in line with the region's focus on eco-friendly transportation and better lifestyles.


Southeast Asia Electric Bike Battery Type Insights


The Southeast Asia Electric Bike market segmentation, based on Battery Type, includes Lithium-ion and Lead-acid. Lithium-ion batteries have surpassed lead-acid batteries as the most popular battery type in the Southeast Asian electric bike market. Numerous factors contribute to this supremacy. When compared to lead-acid batteries, lithium-ion batteries are preferred because of their better energy density, less weight, longer lifespan, and faster charging times.


Southeast Asia Electric Bike Regional Insights


Numerous causes, including a sizable population, urbanization, heavy traffic in big cities, and government programs supporting environmentally friendly transportation, are contributing to its expansion. The demand for workable urban mobility solutions and the growing consciousness of environmental sustainability both support Indonesia's dominant position in the market. In Southeast Asia, Vietnam is the area where the electric bike market is expanding the fastest. Growing urbanization, gridlock in the streets, and a significant move toward environmentally friendly transportation options are the main drivers of its expansion. Vietnam has adopted electric bikes at a rapid pace due to a combination of factors, including government backing, rising disposable income, and the ease with which e-bikes can be used to navigate crowded metropolitan areas.


Southeast Asia Electric Bike Key Market Players & Competitive Insights


There is fierce rivalry between local and global leading market players in the Southeast Asian electric bike sector. Companies that manufacture e-bikes are making an effort to set themselves apart with important market developments, including providing cutting-edge features, better battery technology, and inventive designs. Players in the Southeast Asia Electric Bike industry are growing their distribution networks and looking into joint ventures as urbanization and environmental concerns fuel demand.


Key Companies in the Southeast Asia Electric Bike market include



Southeast Asia Electric Bike Market Segmentation


Southeast Asia Electric Bike Type Outlook



  • Pedal-assisted

  • Throttle-assisted (Power-on-demand)


Southeast Asia Electric Bike Application Outlook



  • City/Urban

  • Trekking (E-mountain Bikes/E-MTB)

  • Cargo


Southeast Asia Electric Bike Battery Type Outlook



  • Lithium-ion

  • Lead-acid

Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 51.2 Billion
Market Size 2023 USD 56.21 Billion
Market Size 2032 USD 118.76 Billion
Compound Annual Growth Rate (CAGR) 9.80% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Region
Countries Covered South-East Asia
Key Companies Profiled Giant Manufacturing Co. Ltd., MERIDA INDUSTRY Co. LTD, Trek Bicycle Corporation, Accel Group, Yadea Technology Group Co., Ltd, Yamaha Motor Co., and Brompton Bikes
Key Market Opportunities ·       Expansion of e-bike infrastructure
Key Market Dynamics ·       Tapping into the growing trend of eco-conscious and health-conscious consumers ·       Encouraging research and development for advanced battery technology and energy efficiency




Frequently Asked Questions (FAQ) :

The Southeast Asia Electric Bike market size was valued at USD 51.2 Billion in 2022.

The Southeast market is projected to grow at a CAGR of 9.80% during the forecast period, 2023-2032.

The key players in the market are Giant Manufacturing Co. Ltd, MERIDA INDUSTRY Co. LTD, Trek Bicycle Corporation, Accel Group, Yadea Technology Group Co., Ltd, Yamaha Motor Co. Ltd, and Brompton Bikes.

The equipment segment dominated the market in 2022.

The pedal-assisted segment had the largest share in the Southeast market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
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  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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