Electric Bicycles - Iran | Statista Market Forecast

In 2024, revenue in the Electric Bicycles market in Iran is forecasted to reach US$25.20m.
The revenue is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 8.25%, leading to a projected market volume of US$37.46m by 2029.
By 2029, unit sales in the Electric Bicycles market in Iran are expected to reach 38.73k bicycles.
The volume weighted average price of Electric Bicycles market in Iran's market in 2024 is projected to be US$864.60.
Looking at it from an international perspective, it is evident that the highest revenue will be generated China (US$12bn in 2024).
In Iran, the Electric Bicycles market is rapidly growing due to increased urban congestion and a shift towards eco-friendly transportation options.

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 Iran has seen minimal growth, influenced by factors such as limited government support and low consumer awareness. Despite this, the market continues to expand due to the convenience and eco-friendliness of electric bicycles.

Customer preferences: As awareness of environmental sustainability grows, there has been a rise in demand for electric bicycles in Iran. This trend is also influenced by the increasing number of individuals seeking alternative modes of transportation due to heavy traffic and high fuel prices. Furthermore, the popularity of electric bicycles is also driven by the desire for a healthier and more active lifestyle, as well as the convenience and cost-effectiveness of these bikes for daily commuting.

Trends in the market: In Iran, the Electric Bicycles Market within the Bicycles Market is experiencing a surge in demand, driven by the increasing awareness of eco-friendly transportation options and government incentives for promoting clean energy. This trend is expected to continue in the coming years, with the market projected to grow significantly. This presents opportunities for industry stakeholders to tap into a growing market and offer innovative and affordable electric bicycles. However, there may also be challenges in terms of infrastructure and regulations, which need to be addressed for the industry to fully capitalize on this trend.

Local special circumstances: In Iran, the Electric Bicycles Market is experiencing growth due to the country's efforts to reduce air pollution and promote sustainable transportation. The government has implemented policies to incentivize the use of electric bicycles, such as tax breaks and subsidies. Additionally, the cultural preference for cycling as a mode of transportation has contributed to the market's success. However, strict regulations and limited access to charging infrastructure have posed challenges for market growth.

Underlying macroeconomic factors: The Electric Bicycles Market within the Bicycles Market in Iran is heavily influenced by macroeconomic factors such as the country's economic stability, government policies, and investments in infrastructure. With an increasing focus on sustainable transportation and reducing carbon emissions, the demand for electric bicycles in Iran is expected to grow. Additionally, the rising popularity of e-commerce and online shopping has also contributed to the growth of the Electric Bicycles Market, as consumers look for convenient and eco-friendly modes of transportation. However, factors such as high import tariffs and limited access to financing options may hinder the market's growth.

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.