The E-Bike Market was valued at approximately USD 48.3 billion in 2024 and is expected to grow at a substantial CAGR of around 10.2% during the forecast period 2025-2033
A comprehensive overview of the Global E-Bike Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the E-Bike Market in the Global context. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the Global E-Bike Market at the regional & country levels.
Market Overview
As per our analysis, it is predicted that global E-Bike sales are expected to grow at a CAGR of about 10% to reach USD $43.9 Bn in 2027. The increasing integration of cellphones into vehicles is a
big development in the e-bike business. Riders can get real-time information
about the battery's status, speed, location, and route, among other things.
Government subsidies and financial incentives are a crucial growth driver for
the sector. With additional discounts offered
from the governments encourages the citizens to purchase e-bikes for e.g., Sweden Government's subsidy scheme made
up 25% of the purchase price of an e-bike, up to a total of $1,129, and this
caused sales to increase by over 50%. It resulted in a total sale of 103,000 units
in the September 2017 to August 2018 period. E-bikes are gaining popularity
around the world as a versatile, flexible, and environmentally responsible
method of transportation, particularly for shorter distances. Many people see
electric bikes as a viable alternative to
scooters, personal vehicles, and public transportation. The innovative nature
of electric bikes, as well as their enticing looks and advanced features, are
some of the primary elements boosting the e-bike industry's prediction in the approaching years.
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COVID-19 Impact
The E-Bike Market has been
significantly harmed by COVID-19. The worldwide
outbreak of the coronavirus pandemic, accompanying steps to suppress it, and significant supply chain
disruption have all had an impact on e-bike market trends to some degree. In most parts of
the world, e-bike manufacturing and sales declined during the first quarter of
2020. However, because to COVID-19's
contagious nature, the bulk of commuters have been avoiding public
transportation. In 2020, government restrictions on public transportation as a result
of social distancing measures has pushed an increasing number of people to use e-bikes. As a
result of the pandemic, walking and cycling got a bigger profile than ever in 2020. Governments all across the world encouraged people to walk
or ride their bikes instead of taking congested public transportation and
invested in large-scale bicycle infrastructure to assist them.
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Global
E-Bike Market report is studied thoroughly with several aspects that
would help stakeholders in making their decisions more curated.
By Mode, the market is primarily bifurcated into:
Pedal Assisted
Throttle Assisted
Based on mode,
the market is segmented into Pedal Assisted and Throttle Assisted. The pedal
segment generated revenue of USD XX billion in 2020. Over the projected period,
the pedal assisted markets are
expected to increase significantly. Consumers like the pedal assist mode
because it combines the benefits of riding with the convenience of electric assistance for longer
cruises. As a result, pedal assist leads the mode segment
By Battery Type, the market is
primarily studied into:
Lithium-Ion
Lead Acid
Others
Based on
battery type, the market is segmented into Lithium-Ion, Lead Acid and Others.
The Lithium-Ion segment generated revenue of USD XX billion in 2020. The
segment is expected to grow at a CAGR of XX% during the forecast period to
reach a market valuation of USD XX million by 2027. One of the major causes of
growth of this segment is these batteries are smaller in size, long-lasting,
and have more power-to-weight ratio than other batteries
By Application, the market is
primarily studied into:
Mountain/Trekking Bikes
City/Urban
Cargo
Others
Based on
application, the market is segmented in Mountain/Trekking Bikes, City/Urban, Cargo and others. The
Mountain/Trekking Bikes segment is expected to grow at a CAGR of XX% during the
forecast period to reach a market valuation of USD XX million by 2027. As
customers are becoming more interested in trekking and recreational activities,
demand for mountain/trekking e-bikes is fast expanding. There is a rise in
demand for mountain/trekking e-bikes as people become more interested in
performance-based adventure activities
Global E-Bike Market Region Segmentation
Includes:
North America
Europe
Asia Pacific
Rest of World
Based on the
estimation, during the projection period of 2021-2027, Asia Pacific is
expected to be the largest market. The Asia-Pacific e-bike market is dominated
by China, which is the region's largest manufacturer and exporter of e-bikes.
E-bikes are increasingly being purchased throughout the region for cost-effective and
environmentally friendly commuting for short distances, such as commuting to
work or the office. In this region, India, Japan, and South Korea are potential
markets owing to the increasing e-bike sales in these countries.
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The major players targeting the market includes:
Yamaha Motor Corporation
Mahindra & Mahindra Ltd.
Accell Group
Giant Manufacturing Co., Ltd.
Derby Cycle
Jiangsu Xinri E-Vehicle Co., Ltd.
Karbon Kinetics Ltd
Trek Bicycle Corporation
Merida Industry Co.
Riese & Muller
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Competitive Landscape
The degree of
competition among prominent companies has been elaborated by analyzing several
leading key players operating in the Global context. The specialist team of research analysts sheds light on
various traits such as Global market
competition, market share, most recent industry advancements, innovative
product launches, partnerships, mergers, or acquisitions by leading companies
in the Global E-Bike Market. The major players have been analyzed using different research
methodologies for getting insight views on market competition.
Key questions resolved through this analytical market
research report include:
·
What are the latest trends, new patterns, and advancements in the Global E-Bike Market?
·
Which factors are influencing the Global E-Bike Market over the forecast period?
·
What are the global challenges, threats, and risks in the Global E-Bike Market?
·
Which factors are propelling and restraining the Global E-Bike Market?
·
What are the demanding global regions of the E-Bike Market?
·
What will be the market size in the upcoming
years?
·
What are the crucial market acquisition strategies and policies applied
by the companies?
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the requirement of different
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