Latin America Electric Bicycle Market Introduction and Overview
According to SPER Market Research, the Latin America Electric Bicycle Market is estimated to reach USD XX Billion by 2033 with a CAGR of 7.7%.
The report includes an in-depth analysis of the Latin America Electric Bicycle Market, including market size and trends, product mix, applications, and supplier analysis. Electric bicycles, also known as E-bicycles, are vehicles equipped with electric motors and additional battery systems to support the rider during pedaling. These E-bicycles serves as an effective mode of transportation, offering cost-effectiveness, freedom from fuel dependency, and a sustainable means of travel.
- The food delivery e-commerce website IFood and the electric bicycle service company Tembici established a partnership in 2022. As per the agreement, Tembici would give IFood close to 2,500 electric bikes in order to increase its market share in Brazil and boost sales of electric bicycles.
- 2023: Uber Technologies and Tembici established a partnership in 2023 to provide shared electric bicycle services throughout Latin America. By the end of 2023, the company hopes to have about 10,000 electric motorcycles available in Brazil.
Latin America Electric Bicycle Market Opportunities and Challenges
Opportunities Growing Adoption of Electric Bike-Rental Services Will Lead to Their Expanding: People in the area are moving to shared electric bicycle services as a result of the region's shift to sustainable mobility and the high cost of petroleum. For regular commuters, renting electric bicycles from a local station and riding them to their destination is a very convenient option. Shared e-bikes are more affordable because they require no maintenance, making them convenient. As a result, more and more people in Latin America are riding electric bicycles. In light of this trend, the current shared mobility service providers are launching a fleet of electric bicycles specifically designed to capitalise on the new revenue stream.
For example: Uber Technologies and Tembici established a partnership in 2023 to provide shared electric bicycle services throughout Latin America. By the end of 2023, the company hopes to have about 10,000 electric motorcycles available in Brazil. Furthermore, because of the growing importance of sustainable transportation provided by regional governments and the growing tourism industry, more providers of shared mobility services are anticipated to expand the size of their fleet of electric bicycles in the upcoming years. This presents a chance for producers of electric bicycles, thereby fostering an atmosphere that will support the expansion of the Latin American electric bicycle market in the forecast period.
Challenges Widespread Accessibility of Alternatives to Restrict the Market's Growth for Electric Bicycles:
There are many different options available to replace electric bicycles, such as regular bicycles, low-power electric bikes and scooters, and electric mopeds. These alternatives are perfect for the job and provide all the advantages of an e-bike, including reduced maintenance costs, increased efficiency, freedom from traffic jams, and many more. Because of this, consumers in the Latin American region who purchase electric bikes have the ability to quickly switch to other options, which hinders the expansion of the Latin American electric bicycle market.
Market Competitive Landscape
The competitive landscape of the electric bicycle market in Latin America reflects a dynamic industry with various players striving for prominence. The major key players in the Latin America Electric Bicycle Market are: Brazil Electric Bikes, Caloi, E Mov Inc., E-Moving, Haibike, Lev Bicycle, Merida Bikes, Ridley Bikes, Trek Bike Corporation, Vela Bikes and Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Battery Type, By Battery Capacity, By Propulsion, By Application
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| Regions covered | Argentina, Brazil, Columbia, Mexico and rest of Latin America
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| Companies Covered | Brazil Electric Bikes, Caloi, E Mov Inc., E-Moving, Haibike, Lev Bicycle, Merida Bikes, Ridley Bikes, Trek Bike Corporation, Vela Bikes and Others
|
COVID-19 Impact on Latin America Electric Bicycle Market
Despite rigorous controls, daily infections in Latin America—which is currently the main COVID-19 epicenter—surpassed those in Europe and the United States. There were interruptions to supply networks, commodities pricing, and tourism. To lessen the congestion on public transport, cities like Buenos Aires, Bogota, Lima, and Quito responded by encouraging cycling, extending bike lanes, and limiting car access. The pandemic caused a change in behaviour towards health consciousness, which led to a rise in the use of electric bicycles. People can burn calories while cycling with this shift, and the electric assistance is helpful when climbing hills or riding in strong headwinds. As a result of shifting customer tastes, the electric bicycle market in Latin America is expanding favourably.
Key Target Audience
- Urban Commuters:
- Eco-Conscious Consumers:
- Fitness Enthusiasts:
- Senior Citizens:
- Students and Campus Commuters:
- Adventure Seekers:
- Delivery and Logistics Industry:
- Tourism and Rental Services:
- has context menu
Our in-depth analysis of the Latin America Electric Bicycle Market includes the following segments:
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By Battery Type: |
Lead Acid Battery
Lithium Ion Battery
Nickel Cadmium
Nickel Metal Hydride
Others
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By Battery Capacity: |
Less than 250 W
251 W to 450 W
451 W to 650 W
Above 651 W
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By Propulsion: |
Pedal Assisted
Throttle Assisted
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|
By Application: |
Cargo
Trekking
Urban Commute
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Key Topics Covered in the Report
Latin America Electric Bicycle Market Size (FY’2023-FY’2033)
Overview of Latin America Electric Bicycle Market
Segmentation of Latin America Electric Bicycle Market By Battery Type (Lead Acid Battery, Lithium Ion Battery, Nickel Cadmium, Nickel Metal Hydride, Others)
Segmentation of Latin America Electric Bicycle Market By Battery Capacity (Less than 250 W, 251 W to 450 W, 451 W to 650 W, Above 651 W)
Segmentation of Latin America Electric Bicycle Market By Propulsion (Pedal Assisted, Throttle Assisted)
Segmentation of Latin America Electric Bicycle Market By Application (Cargo, Trekking, Urban Commute)
Statistical Snap of Latin America Electric Bicycle Market
Expansion Analysis of Latin America Electric Bicycle Market
Problems and Obstacles in Latin America Electric Bicycle Market
Competitive Landscape in the Latin America Electric Bicycle Market
Impact of COVID-19 and Demonetization on Latin America Electric Bicycle Market
Details on Current Investment in Latin America Electric Bicycle Market
Competitive Analysis of Latin America Electric Bicycle Market
Prominent Players in the Latin America Electric Bicycle Market
SWOT Analysis of Latin America Electric Bicycle Market
Latin America Electric Bicycle Market Future Outlook and Projections (FY’2023-FY’2033)
Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Latin America Electric Bicycle Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Latin America Electric Bicycle Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Latin America Electric Bicycle Market
7. Latin America Electric Bicycle Market, By Battery Type (USD Million)
7.1. Latin America Electric Bicycle Market Value Share and Forecast, By Battery Type, 2023-2033
7.2. Lead Acid Battery
7.3. Lithium Ion Battery
7.4. Nickel Cadmium
7.5. Nickel Metal Hydride
7.6. Others
8. Latin America Electric Bicycle Market, By Battery Capacity (USD Million)
8.1. Latin America Electric Bicycle Market Value Share and Forecast, By Battery Capacity, 2023-2033
8.2. Less than 250 W
8.3. 251 W to 450 W
8.4. 451 W to 650 W
8.5. Above 651 W
9. Latin America Electric Bicycle Market, By Propulsion (USD Million)
9.1. Latin America Electric Bicycle Market Value Share and Forecast, By Propulsion, 2023-2033
9.2. Pedal Assisted
9.3. Throttle Assisted
10. Latin America Electric Bicycle Market, By Application (USD Million)
10.1. Latin America Electric Bicycle Market Value Share and Forecast, By Application, 2023-2033
10.2. Cargo
10.3. Trekking
10.4. Urban Commute
11. Latin America Electric Bicycle Market Forecast, 2019-2033 (USD Million)
11.1. Latin America Electric Bicycle Market Size and Market Share
12. Latin America Electric Bicycle Market, By Battery Type, 2019-2033 (USD Million)
12.1. Latin America Electric Bicycle Market Size and Market Share By Battery Type (2019-2026)
12.2. Latin America Electric Bicycle Market Size and Market Share By Battery Type (2027-2033)
13. Latin America Electric Bicycle Market, By Battery Capacity, 2019-2033 (USD Million)
13.1. Latin America Electric Bicycle Market Size and Market Share By Battery Capacity (2019-2026)
13.2. Latin America Electric Bicycle Market Size and Market Share By Battery Capacity (2027-2033)
14. Latin America Electric Bicycle Market, By Propulsion, 2019-2033 (USD Million)
14.1. Latin America Electric Bicycle Market Size and Market Share By Propulsion (2019-2026)
14.2. Latin America Electric Bicycle Market Size and Market Share By Propulsion (2027-2033)
15. Latin America Electric Bicycle Market, By Application, 2019-2033 (USD Million)
15.1. Latin America Electric Bicycle Market Size and Market Share By Application (2019-2026)
15.2. Latin America Electric Bicycle Market Size and Market Share By Application (2027-2033)
16. Latin America Electric Bicycle Market, By Region, 2019-2033 (USD Million)
16.1. Latin America Electric Bicycle Market Size and Market Share By Region (2019-2026)
16.2. Latin America Electric Bicycle Market Size and Market Share By Region (2027-2033)
16.3. Argentina
16.4. Brazil
16.5. Columbia
16.6. Mexico
16.7. Rest of Latin America
17. Company Profile
17.1. Brazil Electric Bikes
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Caloi
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. E Mov Inc.
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. E-Moving
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Haibike
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Lev Bicycle
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Merida Bikes
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Ridley Bikes
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Trek Bike Corporation
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Vela Bikes
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope