Asia Pacific E-bike Market Size - By Tire, By Class, By Battery, By Motor, By Propulsion, By Ownership, By Power Output, By Sales Channel, By Application, Growth Forecast, 2025 - 2034

Asia Pacific E-bike Market Size

The Asia Pacific e-bike market size was valued at USD 13.7 billion in 2024 and is projected to grow at a CAGR of 4.2% between 2025 and 2034.
 

The rapid urbanization across the Asia Pacific region, mainly in populous countries like India, China, and Thailand has created severe traffic congestion in urban centers. Urban mobility has become increasingly difficult as urban dwellings grow. The e-bike is a suitable, practical, and environment-friendly form of transit suggested for short-distance trips, because the allow the user to avoid very congested roadways, have low operational and maintenance costs, and continue to be the most appealing form of transport for those needing to commute on a daily basis; as a result, there is growth in the Asia Pacific e-bike market.
 

For example, according to UNEP, Thailand is planning to have 53,000 electric motorcycles by 2025, and Indonesia has declared that it will phase out conventional motorcycles at that same time. These we see encouraging regional-wide recognition of the issues of urban congestion and aspirations to offer alternatives to traditional transportation.
 

Electric cargo bikes are becoming increasingly necessary, as more people want ecofriendly vehicles for goods delivery in cities. These bikes give companies a cheaper and cleaner choice compared to regular delivery trucks. This shift is pushing shipping firms and stores to use e-cargo bikes to deliver things without harming the environment.
 

Government incentives aimed toward sustainable modes of transport have contributed to the growth of sustainable transport forms, including the Asia-Pacific e-bike market, because countries such as China, India and Japan have begun implementing government programs specifically dealing with e-mobility by implementing purchase fees, tax incentives, and especially infrastructure on cycling. This aligns with goals on a national scale to lower greenhouse gas (GHG) emissions, not worsen pollution in urban areas and reduce dependence on fossil fuel for new low-carbon and mobility options, of which e-bikes are generally an important part of future transport systems.
 

For instance, in February 2025, Svitch highlighted India’s USD 481 million PM E-Drive scheme, offering subsidies for electric two-wheelers. The CSR 762 e-bike, with a 190km range, benefits from these incentives, promoting sustainable urban mobility.
 

Asia Pacific E-bike Market Trends

• Governments in the Asia Pacific are putting more money into bike-friendly structures. They're building special bike lanes making crossroads safer and adding places to park bikes in public. This change makes it easier and safer to ride bikes in cities, pushing more people to use them for getting to work. As cities struggle with too many automobiles and dirty air, e-bikes come as a good solution. They combine the ease of a regular bicycle with an electric boost for longer, tougher rides. By improving the streets for bicycles, governments are taking away the obstacles that make people pick two wheels in crowded cities.
   
• For example, in October 2023, the Singapore Land Transport Authority launched the Islandwide Cycling Network (ICN) program. This plan aims to extend cycling paths to 1,300 kilometers by 2030.
   
• With manufacturers integrating devices like GPS, the Internet, and AI, smart technology continues to infiltrate Asia Pacific's e-bike market, enhancing the riders' experience. These technological advancements provide real time information about distance ridden, speed of riding, low battery warnings and bike maintenance reminders to keep the bike in good condition so it functions effectively and is safe to ride. Gadgets and all things high-tech attract the affections of people who want to ride a state-of-the-art bike and choose cycling in the competitive market.
   
• Electric cargo bikes are becoming increasingly necessary, as more people want ecofriendly vehicles for goods delivery in cities. These bikes give companies a cheaper and cleaner choice compared to regular delivery trucks.
   

Asia Pacific E-bike Market Analysis

Based on class, the Asia Pacific e-bike market is segmented into class 1, class 2, and class 3. In 2024, the class 1 segment held a market revenue of over USD 7 billion and is expected to cross USD 10 billion by 2034.
 

• Class 1 e-bikes are pedal-assist electric bikes with a maximum assisted speed of 25 km/h. Class 1 e-bikes represent the largest share in Asia Pacific because they meet urban mobility needs. They also deliver the right amount of performance without being too fast, therefore conforming to the expectations and local traffic regulations.
   
• Class 1 e-bikes cost less than higher class and do not require special licenses, making e-bike friendly to more consumers. Their growing popularity is aided by bike-sharing programs and last-mile delivery use in the region.
   
• For instance, a Chinese OEM, Navee, launched their S1 and C1 models in February 2024 to enter the e-bike category. Although these are fully pedal-assist e-bikes, they are developed for urban commuting, as well as public shared mobility applications. Navee's goal is to market a sustainable mode of short-distance transport with a focus on light design and inclusivity. The company expects sales in excess of 3,000 units within the first full quarter of selling these new products.
   
• The class 2 segment will experience rapid growth in the Asia Pacific e-bike market. Throttle-assisted electric mobility is on the rise in urban metropolitan landscapes. The growth is being fostered by continuing positive regulations at various levels of government upon the application of throttle-assisted e-mobility, whether for commuting, or delivery and logistics as it requires less physical effort than traditional human on bike commuting on a regular basis.
   

Based on battery, the Asia Pacific e-bike market is divided into lithium-ion, lead-acid, and others. The lithium-ion segment held a major market share of around 77% in 2024 and is expected to grow significantly over the forcast period.
 

• Lithium–ion batteries dominate the Asia Pacific e-bike market owing to their greater energy density, lighter weight, and longer lifespan when compared to other battery types. Moreover, modern commuting tends to be time constrained, which means needing to fully recharge in as little time as possible while enabling increased distance travelled or miles clocked in during the ride. Traditional batteries, such as lead-acid ones, do not meet these requirements.
   
• Additionally, advancements in lithium-ion battery technology such as thermal stability, charging rates, and recyclability improvements have continued to inspire consumer confidence as well as add momentum to market growth. Their scalable nature is also an advantage of lithium-ion batteries in terms of entry level and premium models, ensuring great market penetration to continue building segment volume.
   
• For instance, in March of 2025, Toshiba introduced its SCiB rechargeable lithium-ion battery at a conference in Bangkok, noting its durability and built-in safe design. The SCiB battery is designed by Lithium Titanium Oxide (LTO) anode chemistry which means it has a charging rate of over 80% (in six minutes) and has over 20,000 cycles of charge-discharge.
   
• The lead-acid battery segment is also anticipated to grow in the Asia Pacific e-bike market due to the lower cost, combination of availability, and recyclable nature of lead-acid batteries. The lead-acid battery will also continue to dominate in the price-sensitive countries like India and Southeast Asian countries where affordability is driving the demand for less costly electric mobility options.
   

Based on motor, the Asia Pacific e-bike market is segmented into hub motor and mid motor. Hub motor segment dominated the market and accounted for over USD 9.5 billion in 2024.
 

• The hub motor segment has captured largest share because it is inexpensive and relatively easier to engineer than mid-drive motors if the manufacturer places the motor in the hub. This is important as this can allow a manufacturer to simplify the overall vehicle and reduce costs. Cost is important for consumers in markets that are highly price-sensitive, such as India, Indonesia, and Vietnam.
   
• The demand for low-cost and efficient urban transportation has only made the case for hub-motors even greater. Hub motors are well-suited for entry-level/model moto usage, and commuter-based e-bike models, and thus fit the needs of highly populous cities continuing to drive uptake in the region.
   
• For example, in June 2024, MAHLE SmartBike Systems launched their X30 hub motor system, an unprecedented lightweight and flexible drive system targetted for e-bike space. The X30 weighs 1.9 kg and has 45 Nm torque - this might not sound like much though it delivered 15% more energy efficiency than mid-drive propels motor systems with similar power and enabled integration with any MAHLE X-Series component in the MAHLE digital ecosystem. It is easy to install passive motor with different levels of power to align to different types of riding in many riding environments.
   
• The mid motor segment will also be at the highest growth in the Asia Pacific e-bike market, due to its superior torque, well-distributed weight, and power with efficient transfer. The mid motor performance is best for uphill engagement and riding stability which is why these are preferred by many as they relate to performance.
   

Based on propulsion, the Asia Pacific e-bike market is segmented into pedal assist and throttle control. Pedal assist handling segment dominated the market and accounted for over USD 8 billion in 2024.
 

• Due to balancing human effort and motor assist quite effectively, the pedal assist segment has the largest share in the Asia Pacific e-bike market. It caters to numerous consumers. In pedal assist systems, the motor activates automatically in sync with the rider’s pedaling which enhances the riding process. This aligns with local preferences for low-speed, energy-saving forms of travel, especially within city centers
  .
• In addition, pedal assist e-bikes offer fitness benefits while reducing fatigue for longer commutes. With growing urban populations and increasing congestion, consumers are increasingly attracted to pedal assist models for commuting, recreational biking, and more environmentally friendly options, expanding market share even further.
   
• For instance, Acer Gadget introduced the ebii-M e-bike in March 2025 during the Taipei Cycle Show. The ebii-M is an orderable e-bike which is equipped with Bosch’s Performance Line SX motor system which has four modes and a maximum range of 86 km. As of now, the ebii-M e-bike weighs 19 kg. It also has detachable modular front and rear racks which can be helpful in commuting to work. Module and rack connectivity is secured by Apple's Find My network which protects the bicycle. This feature enables users to track their bicycles via the app.
   
• Expansion within the Asia Pacific region is particularly noteworthy in the throttle control segment of the e-bike market. This is particularly true for people residing in densely populated cities. Older riders and regular commuters stand to gain the most from the region's rapid adoption of throttle controls due to its instant acceleration and the convenience it provides. 
   

China dominated the Asia Pacific e-bike market with a major share of over 84% and was valued at around USD 11 billion in 2024.
 

• China dominates the Asia Pacific e-bike market, fueled by an enormous internal market, proactive government policies and by being a manufacturing behemoth. Rapid urbanization and the growing impacts from congestion have encouraged the adoption of e-bikes for regular commuting, fueled by robust options being offered in major cities such as Beijing and Shanghai.
   
• Furthermore, China has established itself as the manufacturing hub of the e-bike industry globally, with its large domestic companies providing innovations in battery technology, motor, and smart connected systems. The rise of app-based shared e-bike systems as well as record exports, to Southeast Asia and Europe, suggest that not only is China maintaining existing leadership in the regional e-bike market, but that it also represents strong potential for future growth.
   
• For example, in March 2025, the e-bike trade-in program in China sold 1.66 million new e-bikes which was better than the total e-bike sales volume for 2024. The program was extended government subsidies of USD 139 million and covered approximately 1.65 unique consumers and point-of-sale sales were made at about 47,000 very different outlets.
   

The India e-bike market in Asia Pacific is expected to experience significant and promising growth from 2025 to 2034.
 

• India’s e-bike industry is booming as a result of the increasing concern regarding environmental issues, urban congestion, the government’s announced initiatives towards electric vehicles charging infrastructure development, and investment towards e-mobility solutions. The need for affordable private transport coupled with the expanding workforce is driving consumers to look for cost-effective, sustainable, and eco-friendly modes of transport. The adoption of e-bikes as a key mode of transport is growing especially in urban and semi-urban settings.
   
• Government initiative, programs like the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) II support are coming into play at the federal level, and states have also created their own EV policies and acted as key facilitators. The state governments are providing incentives for electric vehicle purchases through financial subsidies and tax exemptions, alongside developing a public charging network which together works to lower vehicle costs and accessibility to e-bikes. Governmental incentives in the reduction of emissions from use of petrol/diesel fuels and investment that represents attractive e-bike routes towards commercial viability are complementary with the focus on e-bikes.
   
• For example, in August 2024, the Indian government approved a USD 1.3 billion incentives program under the PM E-DRIVE initiative which promotes electric vehicle adoption. The initiative contains incentives for two-wheelers, with the hopes of lessening pollution and improving EV infrastructure.
   
• The private sector is also playing a significant role with expanding and established manufacturers investing in R&D and expansion of the distribution areas - which is creating an ecosystem for innovation in battery tech, product, and performance and is positioning India as a significant contender in the e-bikes market in the Asia Pacific region.
   

The Japan e-bike market in the Asia Pacific is anticipated to witness lucrative growth between 2025 and 2034.
 

• Japan’s e-bike market is evolving steadily due to a combination of societal and environmental factors. As a country with an extraordinarily aging population, electric bicycles are seen as a preferable and low-impact form of mobility. E-bikes enable elderly users to liberate themselves from their previous modes of transport and have greater on-road use and travel freedom in urban and semi-urban form. This demographic change is affecting consumption in a very noticeable way.
   
• Urbanization and environmental awareness are significant growth drivers for the market. Due to increases in traffic congestion and lack of parking in most urban population centers such as Tokyo and Osaka, commuters are looking to use eco-friendly mobility solutions and compact mobility solutions. Government policies promoting carbon neutrality and sustainable transport infrastructure are encouraging consumers to move away from traditionally fueled/propelled transportation and explore electric-powered alternatives.
   
• Additionally, electric bicycles are growing in Japan's tourism industries, and will continue to grow within the tourism market segments in Japan's picturesque locations like Kyoto, Hokkaido and Okinawa. E-bike rentals are being introduced more as a means of transportation in an eco-friendly way, enabling tourists to leisurely explore their surroundings. Local governments and tourism boards are now investing in e-bike-friendly infrastructure, trails and routes resulting in generally increasing awareness of electric mobility by domestic and foreign tourists alike, helping to grow seasonal markets.
   
• For example, the Japan Tourism Agency's draft budget for FY2025 is expected to be over USD 339.74 million, which is a 5.4% increase from FY2024's draft budget. Notably, USD 34.62 million of the draft budget will create sustainable tourism areas and include approximately USD 12.18 million toward creating ICT-oriented tourism regions. This will include introducing public ride-share routes that enhance secondary public transport services and e-bikes in regional areas.
   

The South Korea e-bike market in Asia Pacific is expected to experience significant and promising growth from 2025 to 2034.
 

• South Korea's e-bike market has been experiencing consistent growth as urban environments are becoming more crowded while people become more climate conscious. As cities like Seoul strive to lower emissions and improve air quality, e-bikes are seen as a viable alternative for daily commuters, with viable infrastructure (improved bike lanes or urban mobility plans).
   
• In South Korea, an equally technology-savvy population is also driving demand for smart, connected e-bikes with useful digital features like GPS tracking, mobile applications, and battery systems. With the combination of digital innovation and government support, South Korea appears to be positioned to be a regional leader in the Asia Pacific e-bike market for sustainable urban mobility.
   
• For example, in March of 2025, LG Energy Solution became the first eligible company in Korea to participate in a government subsidy program for battery swapping stations (BSS) for electric bikes. In the last several years, the government has made substantial capital infusion into the electric bike market, providing subsidies to increase supply of electric bikes for regular use and assisting to establish the charging facilities.
   

Asia Pacific E-bike Market Share

• Top 7 companies of Asia Pacific e-bike industry are AIMA Technology Group, Giant Manufacturing, Merida Industry, NIU Technologies, Panasonic Corporation, Yadea Group, and Yamaha Motor, collectively hold around 41% of the market in 2024.
   
• AIMA values building out its brand and providing affordable mobility to urban commuters in China and Southeast Asia. It aims to develop its marketplace in a way that provides for widespread dealership formats & advertising, as well as investments in quality smart e-bikes, including GPS tracking. AIMA actively pursues partnerships and subsidies with governments and plans to grow domestic production of e-bikes, with the goal of ramping up toward exports to other Asia-Pac countries.
   
• Giant capitalized on their highly regarded global brand and R&D capacity to design high-performance e-bikes suited to commuters and enthusiasts alike. For the Asia Pacific market, Giant is highlighting the premium electric models of its product range while maintaining partnerships with its dealers to increase service quality. Giant is committed to sustainability, lightweight bike designs, IoT products, and promoting their products as both supportive of professionals commuting in urban environments, as well as recreational riding for leisure.
   
• Merida is focused on sporty and hybrid models, while seeking pricing in mid to premium levels of the market. Merida has allocated resources to R&D around battery efficiency and also has R&D work focused on lightweight frames for its e-bikes. For Asia Pacific, Merida focuses on the localization of models with a view to aligning products with regional tastes and preferences, while working with local distributors towards broader market reach. Sustainability and performance maintain their role in supporting Merida's overall objectives.
   
• NIU emphasizes the integration of advanced smart products such as keyless ignition, traction control systems, cruise control, and push-pull assistance capabilities into its e-bikes, in order to establish any premium positioning. NIU introduced several e-bikes models designed for the Gen-Z market, such as NT Play (Gen Z), and U1, e-MT and e-OT models to appeal to female riders, all of which offer style while being functional and secure.
   
• Panasonic's strategy revolves around being a key component supplier (especially batteries and motors) while also co-developing e-bike systems with regional manufacturers. It considers itself a technology enabler for the Asia Pacific e-bike ecosystem. Panasonic trades heavily on the features of energy efficiency, battery safety, and modularity that supports a bike’s adaptability to a range of urban and commercial use cases.
   
• Yadea has a mass-market approach focused on value for money, volume, and smart features. Yadea's strategy for entering markets is utilizing low pricing, large dealership distribution, and high-volume manufacturability from China. Yadea is pursuing both consumer and delivery channels, and has invested in battery-swapping technologies. Yadea also employs international marketing campaigns and regional trade agreements to access ASEAN and South Asian markets.
   
• Yamaha uses its deep experience in motor technologies to offer high-quality, mid-to-premium e-bikes across Asia. It focuses on performance, motor efficiency, and ride comfort. In Asia Pacific, Yamaha pursues partnerships with local assemblers and retail networks. Their strategy also includes integrating smart features and expanding into new user segments like seniors and recreational riders.
   

Asia Pacific E-bike Market Companies

Major players operating in the Asia Pacific e-bike industry include:

• AIMA Technology Group
• Giant Manufacturing
• Lima Vehicle
• Merida Industry
• NIU Technologies
• Panasonic Corporation
• Sunra Electric Vehicle
• TAILG Group
• Yadea Group Holdings
• Yamaha Motor
   

Asia Pacific firms are prioritizing affordable options by utilizing local manufacturing processes and local manufacturers for their e-bike products. Nearly all manufacturers in the region have taken advantage of substantially lower production and manufacturing costs available in countries such as China and India to provide competitively priced e-bikes. They categorize offerings appropriately in order to localize for the region's preferences including battery range, size of bike, type of motor, etc. This increase in localization will help stimulate greater consumer acceptance of e-bikes within price sensitive urban and rural community individuals.
 

Technological adoption and innovation are also emerging as a priority given production processes along with local manufacturers specifically focused on battery systems and smart technology integrated products and lightweight production processes. Companies are establishing ongoing research and development resources to improve lithium-cobalt batteries, designed longer-lasting battery systems, and the development of smart components such as GPS and app-based integrated performance monitoring. The clear value of smart features in e-bikes complements consumers desires to have a convenience and sustainable transportation experience.
 

Asia Pacific E-bike Industry News

• In April 2025, Giant partnered with Siemens to present performance e-bikes and performance road bikes of the next generation. The partnership seeks to integrate the digital twin and simulation technology of Siemens with the next-level bicycle engineering from Giant with a focus on innovating design, improving performance and rider experience for the Asia Pacific market.
   
• In July 2024, ZELIO Ebikes introduced a new high-speed electric scooter which was designed to improve urban transport capability, is able to carry 180 kg and operate at speeds of 70 kmph.
   
• In April 2024, LOBO EV Technologies Ltd. opened a 135,754 sq. ft. manufacturing facility in Wuxi, China. The factory is located in Dachen Sector Park, the proverbial center of the local e-bike industry. LOBO's new plant more than doubles the company's production capacity, reinforcing LOBO's position at the heart of Asia's e-bike manufacturing hub.
   
• In January 2023, Honda introduced three new electric bicycle models Cub e:, Dax e: and Zoomer e during an online event held in Shanghai. This launch is meant to tap into the segment which appeals to China’s Gen Z audience and represents Honda's plan to coincide its offerings with the youth segment of the Chinese market.
   

The Asia Pacific e-bike market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($Mn/Bn) and shipment (Units) from 2021 to 2034, for the following segments:

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Market, By Class

• Class 1
• Class 2
• Class 3

Market, By Battery

• Lithium-ion
• Lead acid
• Others

Market, By Motor

• Hub motor
• Mid motor

Market, By Propulsion

• Pedal assist
• Throttle control

Market, By Ownership

• Shared
• Personal

Market, By Power output

• Below 250W
• 250W to 750W
• Above 750W

Market, By Sales channel

• Online
• Offline

Market, By Application

• City/urban
  • By class
• Trekking
  • By class
• Cargo
  • By class
• Mountain/off-road
  • By class
• Others 
  • By class

The above information is provided for the following countries:

• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Southeast Asia
    • Brunei
    • Cambodia
    • Indonesia
    • Laos
    • Malaysia
    • Myanmar
    • Philippines
    • Singapore
    • Thailand
    • Vietnam