Latin America Electric Bicycle Market Growth, Size, Trends, Demand, Revenue and Future Outlook

Latin America Electric Bicycle Market Size- By Battery Type, By Battery Capacity, By Propulsion, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Latin America Electric Bicycle Market Size- By Battery Type, By Battery Capacity, By Propulsion, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Jan 2024 Report ID: AMIN2425 Pages: 1 - 159 Formats*:     
Category : Automotive & Transportation
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
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.

Latin America 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 coveredBy Battery Type, By Battery Capacity, By Propulsion, By Application
 Regions coveredArgentina, Brazil, Columbia, Mexico and rest of Latin America
 Companies CoveredBrazil 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:
By Battery Type:
  • Lead Acid Battery
  • Lithium Ion Battery
  • Nickel Cadmium
  • Nickel Metal Hydride
  • Others
  • By Battery Capacity:
  • Less than 250 W
  • 251 W to 450 W
  • 451 W to 650 W
  • Above 651 W
  • By Propulsion:
  • Pedal Assisted
  • Throttle Assisted
  • By Application:
  • Cargo
  • Trekking
  • Urban Commute
  • 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

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Latin America Electric Bicycle Market is projected to reach USD XX billion by 2033, growing at a CAGR of 7.7% during the forecast period.
    Latin America Electric Bicycle Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 7.7% during the forecast period.
    Latin America Electric Bicycle Market CAGR of 7.7% during the forecast period.
    Latin America Electric Bicycle Market size is USD XX billion from 2023 to 2033.
    Latin America Electric Bicycle Market Segment is covered By Battery Type, By Battery Capacity, By Propulsion, By Application.
    The Latin America and Africa is anticipated to have the highest market share in the Latin America Electric Bicycle Market.
    "The key players in the market include 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."
    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.
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