E-bike Subscription Platform Market Segmented By Monthly, Quarterly, Annually, Pay-as-you-Go Revenue Model in E-bicycles, E-scooters bike Type
Industry: IT and Telecommunication
Published Date: December-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP32930
The e-bike subscription platform market was valued at US$ 1,876.5 Mn in 2022, and by the end of 2033, it is expected to have grown to US$ 9,957.9 Mn. The market for e-bike subscription platform is predicted to grow at a CAGR of 16.5% for the forecast period.
An electric bike is a bicycle with an integrated electric motor drive mechanism and battery that generates electricity for propulsion or assistance. There are a variety of electric bikes on the market, ranging from lightweight bikes with a small motor to more powerful bikes with enough power to completely operate with the throttle.
The e-bike, the software for fleet management, the financing, and the maintenance are all part of the subscription platform. The primary driver of the expansion of the global e-bike subscription platform market is the increasing popularity of e-bikes as a result of the fuel in vehicle fuel costs. Demand for the market is expected to drive as a result of shifting lifestyles and expanding populations. The concern regarding to environmental pollution creates the opportunity for the e-bike subscription platform.
The majority of nations are moving away from fuel-based modes of transportation in favour of electric ones. E-bike rental companies have a huge market in India, which is still in the early stages of adopting electric vehicles. Since the majority of people are now aware of pollution and traffic congestion, India is looking for a cleaner mode of transportation to address the issue. Electric bikes are a versatile, eco-friendly mode of transportation. They are regarded by customers as an excellent alternative to smart cars, scooters, and public transportation. Due to their smaller size, they reduce traffic congestion, provide increased speed with less effort, and have a number of health benefits.
In terms of the regional market landscape, the market in North America held a leading market share of 25.2% in the global landscape in 2022 and is expected to retain its leading position throughout the forecast period. Meanwhile, demand for e-bike subscription platform in the Europe region will hold around 20.4% of the market in 2022.
| Attributes | Key Insights |
|---|---|
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E-Bike Subscription Platform Market Size (2023) |
US$ 2,156.1 Mn |
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Projected Market Value (2033) |
US$ 9,957.9 Mn |
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Global Market Growth Rate (2023-2033) |
16.5% |
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Quarterly Segment Market Share (2022) |
24.8% |
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U.S. Market Share (2022) |
18.2% |
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E-Scooters Segment Market Share (2022) |
58.7% |
“Strict Government Rules and Regulations”
The e-bike subscription platform service providers are expected to specially focus on the problems associated with the current e-bike subscription platform process, and this is expected to create lucrative business opportunities for them. Several companies have already emerged as leaders in the e-bike subscription platform market. The strict government rules and regulations throughout the world are adopting the growth of e-bike market by evading strict automobile emissions regulations. By reducing the number of harmful particles released by automobiles, the objective is to purify the air.
“Increasing customer shift towards Online Platforms”
The U.S. is the most lucrative market for e-bike subscription platform in the North American region and is expected to maintain this position across the forecast period as well. The demand for e-bike subscription platform in this country is witnessing significant development in the market in e-commerce sector; and the manufactures are shifting to online channels to allow them from new and current business to acquire into untapped market and expands customer base by reaching out to the potential customers without having to set up a physical store. So the customer preference for online shopping has also moved the manufacturers to sell products on e-commerce platforms.
In 2022, the U.S. e-bike subscription platform market helped the country to account for a dominant share of 18.2% in the global marketplace.
“High Investment and Government Participation”
Japan is expected to emerge as a highly lucrative market owing to the next generation in battery technology. To produce e-bikes that are more innovative and efficient, manufacturers are making significant investments in strategic partnerships and new product development. The common mobility activity is bike leasing, which is adopting the industry growth. Also, several start-ups and different are expanding their market presence by catering to the demand for bikes on lease.
“Technological Advancement in Germany shows opportune market for E-Bike Subscription Platform”
The availability of advanced e-bike subscription platform services enabled the growing adaptation of new technology. The market's growth rate boosted by the emerging trend of connected e-bikes. In response to the increased demand for e-bikes, technological advancements have been made in the field. The technological advancement is the connected e-bike. Without a smartphone, it sends and receives data to and from the cloud using a SIM module.
Furthermore, the development of lightweight electrical energy storage systems and emerging new markets will influence the market's growth rate and further boost the e-bike subscription platform market. These factors of e-bike subscription platform market in Germany held the market share of 11.4% in 2022.
Why Quarterly Revenue Model for E-Bike Subscription Platforms Hold the Largest Market Share
Based on revenue model, the market is segmented into the monthly, quarterly, annually, pay as you go. In 2022, quarterly revenue model accounted for 24.8% of the global market share and are expected to maintain their position over the next ten years. Factors that allow this revenue model to have the largest market share are that it is not as expensive as the annual subscription, but one can spend less money on a quarterly subscription compared to a monthly subscription, if it is renewed for four months.
Decent services are offered for a quarterly subscription, which are close to the ones offered by an annual subscription and the quarterly subscription allows the end user to get a good understanding of the product and services and whether they wish to continue or not. These reasons, allow quarterly revenue model to have held the largest market share in 2022.
In Bike Type Segment E-Scooters Has the Highest Adoption in E-Bike Subscription Platform Market?
The market is divided into e-bicycles and e-scooters. The e-scooters accounted for 58.7% of the global market share and is expected to hold that position over the next ten years. The rechargeable lead or lithium batteries store the electricity used by these vehicles. Compared to motorcycles powered by gasoline or diesel, electric scooters are more comfortable.
Electric scooters produce less noise. The market for electric scooters is expanding due to favourable government policies and rising environmental concerns. It is anticipated that the expansion of the market for electric scooters will also be aided by rising energy costs and competition among new technologies that save energy.
Major e-bike subscription platform companies are collaborating and partnering with other organizations to provide more efficient solutions.
Recent developments related to key players providing e-bike subscription platform Market have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.
| Attribute | Details |
|---|---|
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Forecast Period |
2023-2033 |
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Historical Data Available for |
2018-2022 |
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Market Analysis |
US$ Mn for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
By Revenue Model:
By Bike Type:
By End User:
By Region:
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In 2022, demand for e-bike subscription platform accounts for a valuation of US$ 1,876.5 Mn.
The global e-bike subscription platform market is estimated to advance at a phenomenal 16.5% CAGR through 2033.
The market for e-bike subscription platform is forecasted to climb to US$ 9,957.9 Mn by 2033 end.
Demand for e-bike subscription platform market in India is projected to rise at an astronomical CAGR of 17.6% over the next ten years.
In 2022, the North America e-bike subscription platform market held the largest market share of 25.2%.
