The Electric Bike Market is projected to reach USD 79.7 billion by 2026 from USD 47.0 billion in 2021, at a CAGR of 11.1%.
Electric bike is a bicycle with an integrated electric motor drive mechanism and battery, which produces power for causing or assisting propulsion. Various kinds of globally available e-bikes range from electric bikes with a small motor to assist the pedal-power of the rider to more powerful e-bikes that produce power to completely drive the bike using throttle.
Implementation of government regulations to encourage the use of electric bikes, consumer inclination toward uses of e-bikes as an eco-friendly & efficient solution for commute, increase in fuel costs, and rise in interest in cycling as a fitness & recreational activity are some of the factors that have supported long-term expansion for Electric Bike Market.
The e-bike industry is amongst the few industries witnessing growth despite the COVID-19 pandemic. The impact of COVID-19 on the e-bike market resulted in an increase in global e-bike sales during the lockdown period. Even after the lifting of lockdowns, people are still cautious and wish to avoid public transportation and mobility sharing for commuting. The e-bike is considered to be an easy, cheap, and safer way to commute during the pandemic.
Asia Pacific is anticipated to lead the e-bike market during the forecast period due to the high sales of e-bikes in the region. In terms of volume, Asia Pacific contributed about ~88% to the global electric bike market in 2020 by volume.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 47.0 billion |
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Growth Rate |
CAGR of 11.1% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
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Report Segmentation |
class, speed, battery type, motor type, mode, components, usage, ownership and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Accell Group, Derby Cycle, Fuji-ta Bicycle Co., Ltd., Giant Manufacturing Co., Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., Mahindra & Mahindra Ltd. (GenZe), Prodecotech, LLC, Tianjin Golden Wheel Group Co., Ltd., Trek Bicycle Corporation, and Yamaha Motor Co., Ltd. |
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Available Customization |
In addition to the market data for Electric Bike Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Electric Bike Market is segmented into class, speed, battery type, motor type, mode, components, usage, ownership and region.
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