Electric Bicycles - Lebanon | Statista Market Forecast

The revenue in the Electric Bicycles market in Lebanon is forecasted to reach US$2.06m in 2024.
This represents an expected annual growth rate (CAGR 2024-2029) of 8.73%, leading to a projected market volume of US$3.13m by 2029.
The unit sales in the Electric Bicycles market in Lebanon are expected to reach 4.05k bicycles in 2029.
The volume weighted average price of Electric Bicycles market in the Lebanese market in 2024 is anticipated to be US$791.10.
When looking at the international perspective, it is evident that the highest revenue will be generated China (US$12bn in 2024).
in Lebanon, located in the Middle East, is known for its rich history and diverse culture.
The country has faced challenges in recent years, including political instability and economic difficulties.
Despite these challenges, in Lebanon has a strong entrepreneurial spirit and a resilient population.
In Lebanon, the Electric Bicycles market is expected to contribute to the country's economic growth and offer sustainable transportation options for its residents.
In Lebanon, the Electric Bicycles market is gaining traction due to increased interest in 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 Lebanon has been witnessing moderate growth, influenced by factors such as growing interest in eco-friendly transportation, increasing health consciousness, and the convenience of online bike shopping. Despite subdued growth, the market is expected to continue to expand due to favorable government initiatives and the rising demand for alternative modes of transportation.

Customer preferences: The rising awareness of environmental sustainability and the desire for alternative transportation options have led to a growing demand for electric bicycles in Lebanon. Consumers are also increasingly looking for convenience and efficiency in their daily commute, leading to a shift towards electric bicycles as a practical and eco-friendly mode of transportation. This trend is particularly evident among younger generations and urban dwellers, who are more open to adopting new and innovative technologies.

Trends in the market: In Lebanon, the Electric Bicycles Market within the Bicycles Market is experiencing a surge in demand due to the growing awareness of environmental sustainability and the need for alternative modes of transportation. This trend is expected to continue as the government implements policies to promote the use of electric bicycles and as consumers become more conscious of the benefits of electric bikes such as reduced carbon emissions and cost savings. Industry stakeholders can capitalize on this trend by investing in research and development to improve the technology and functionality of electric bicycles, as well as by expanding their distribution networks to reach a wider customer base. Additionally, partnerships with other industries such as tourism and hospitality can open up new market opportunities for electric bicycles.

Local special circumstances: In Lebanon, the Electric Bicycles Market within the Bicycles Market is influenced by the country's unique geographical and cultural factors. The small size of the country and its mountainous terrain make electric bicycles a popular mode of transportation. Additionally, Lebanon's growing environmental awareness and efforts to reduce air pollution have led to a rise in demand for electric bicycles. Moreover, the government's support for sustainable transportation options has also contributed to the growth of the electric bicycles market in Lebanon.

Underlying macroeconomic factors: The Electric Bicycles Market within the Bicycles Market in Lebanon is heavily influenced by macroeconomic factors such as consumer spending, disposable income, and government policies. The country's economic health and stability play a crucial role in shaping the market, as well as global economic trends and trade agreements. Furthermore, fiscal policies such as tax incentives and subsidies can greatly impact the adoption and growth of electric bicycles in the market. Additionally, the rising awareness of environmental sustainability and the increasing focus on promoting eco-friendly transportation options are also driving the demand for electric bicycles in Lebanon.

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.