Electric Bicycles - Argentina | Statista Market Forecast

Revenue in the Electric Bicycles market in Argentina is forecasted to hit US$26.70m by 2024.
The revenue is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 16.63%, leading to a projected market volume of US$57.63m by 2029.
Unit sales in the Electric Bicycles market in Argentina are set to reach 31.46k bicycles by 2029.
The volume weighted average price of the Electric Bicycles market in Argentina in 2024 is expected to be US$1.57k.
Looking at in Argentina specifically, it is evident that the most revenue will originate from China (US$12bn in 2024).
In Argentina, the Electric Bicycles market is experiencing a surge in demand due to the country's focus on sustainable transportation initiatives.

Definition:

Electric bicycles are means of transport designed to transport people and goods for professional and private purposes. They are used for leisure activities such as travelling or for physical exercise. Depending on the specific purpose and rider, bicycles come in different shapes and features.

They are powered by combination of human strength and by electrically powered motors.

In recent years, different renting models have been established such as bike-sharing, in which bicycles can be rented for a defined period in exchange for a fee. These rented bikes are not included in this market outlook. Only bikes that were purchased for ownership are covered.

Structure:

The electric bicycles market covers all types of bicycles with electrical assistance, including road and racing bicycles, off-road bicycles, and special purpose bicycles. However, motorcycles, scooters, mopeds, secondhand bicycles, as well as bikes purchased by bike-sharing services are not included.

Additional information:

The market comprises the number of bicycles sold, the average price paid per bicycle, revenue, and revenue growth as the key performance indicators. Revenue is derived as the product of the average price per bicycle times the number of bicycles purchased. Therefore, revenue excludes any profits from bike-sharing fees. Revenues are including VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.

Electric Road and racing bicycles such as cruiser, e-standard, e-gravel road-,e-touring-, and e-fixed gear bikes

Motorcycles, scooters, mopeds, regular bicycles
Secondhand bicycles
Bike-sharing bicycles
Rented bicycles

The Electric Bicycles Market in Argentina is witnessing substantial growth, propelled by factors like growing adoption of e-bikes, increasing awareness about eco-friendly transportation, and the convenience of online sales. The market's growth rate is being impacted by these factors, making it a promising sector in the overall Bicycles Market in Argentina.

Customer preferences: The rise in eco-consciousness and the desire for sustainable transportation options has led to a growing demand for electric bicycles in Argentina. With an increasing number of individuals prioritizing environmental concerns and seeking alternative modes of transportation, the market for electric bicycles is expected to see significant growth. Additionally, the convenience and cost-effectiveness of electric bicycles make them an attractive option for urban commuters, contributing to the market's expansion.

Trends in the market: In Argentina, the Electric Bicycles Market within the Bicycles Market is experiencing a surge in demand due to the increasing focus on sustainable transportation options. This trend is expected to continue as the government promotes the use of electric vehicles through subsidies and tax incentives. Additionally, the rising awareness of the health and environmental benefits of electric bicycles is driving consumer interest. This presents significant opportunities for industry stakeholders to tap into a growing market and diversify their product offerings. However, it also poses challenges such as the need for infrastructure development and addressing concerns over battery disposal.

Local special circumstances: In Argentina, the Electric Bicycles Market within the Bicycles Market is experiencing steady growth due to the country's favorable government policies promoting sustainable transportation. With an increasing focus on reducing carbon emissions, electric bicycles have become a popular choice among commuters. Additionally, the country's diverse geography, including urban and rural areas, has contributed to the demand for electric bicycles as a convenient and efficient mode of transportation. However, stringent import regulations and high tariffs have hindered the market's growth potential.

Underlying macroeconomic factors: The Electric Bicycles Market within the Bicycles Market in Argentina is influenced by various macroeconomic factors, including the country's economic health, fiscal policies, and global economic trends. Argentina's economy has been facing challenges, including high inflation and currency devaluation, which may impact consumer spending and demand for electric bicycles. However, the government has implemented policies to promote sustainable transportation, which could drive the adoption of electric bicycles. Additionally, the growing consciousness towards environmental sustainability and increasing fuel prices are also contributing to the demand for electric bicycles in Argentina. Furthermore, investments in infrastructure development and technological advancements in the country could also support the growth of the Electric Bicycles Market within the Bicycles Market in Argentina.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of electric bicycles and the respective average prices for bicycles.

Modeling approach:

Market sizes are determined through a Bottom-Up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use publications of industry associations, expert blogs, and data provided by governments and scientific institutions. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, and consumer spending per capita (based on current prices). This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the ARIMA time series forecast and forecasts based on previous growth rates are well suited for forecasting the future demand for bicycles due to the brick and mortar nature of this market. The main drivers are GDP, consumer spending per capita, and population.

Additional notes:

The data is modeled using current exchange rates. The market is updated once a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

The bicycle market in Germany has been enjoying dynamic development for a very long time. Bicycles are a popular way to get around in both urban and rural areas, with young children learning to ride firmly entrenched in the national culture. Germany has a variety of scenic bike routes, but looking out for bike lanes in a city is a daily part of life both for cyclists and pedestrians. Many cyclists value the multiple advantages cycling brings – physical activity, saving money by foregoing commuting with public transport or driving, and the eco-friendly aspect. A German city, Munster, even made it on the list of the eight most bike-friendly cities in the world in 2022.