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Electric Bike Market Size is Estimated to Grow at a CAGR of 10.78% | Valuates Reports

08-13-2021 03:30 PM CET | Tourism, Cars, Traffic

Press release from: Valuates Reports

Electric Bike Market Size is Estimated to Grow at a CAGR of 10.78% |

Electric Bike Market Statistics

The Global Electric Bike Market is expected to grow from USD 19,719.54 Million in 2019 to USD 36,466.04 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 10.78%. Government assistance and tight restrictions in favour of electric bikes are projected to be major drivers driving the growth of the electric bike market. Furthermore, the global market for electric bikes is developing due to a growing customer demand to utilise e-bikes as an environmentally responsible and reliable commuting alternative and rising fuel costs.

Trends Influencing the Growth of Electric Bike Market

Stringent Emission Norms Imposed by the Government is expected to drive the growth of the electric bike market size. The governments of many countries have set strict rules on automakers to produce zero-emission vehicles. Key OEMs have made significant R&D investments in order to produce environmentally friendly vehicles. Governments in wealthy countries have offered various subsidies, such as tax-free sales of electric bicycles. Several government tax-free incentives have enticed more people to buy electric bicycles, which is projected to fuel the electric bicycle market's rise over the forecast period.

The increased popularity of cycling as a form of exercise is predicted to promote the growth of the electric bike market. Since riding an electric bike allows you to ride greater distances with the same amount of peddling, a paradigm shift in fitness-conscious customers has fueled interest in cycling as a fitness and leisure activity.

Electric Bike Market Segmentation

This research report categorizes the EBike to forecast the revenues and analyze the trends in each of the following sub-markets:

by Type
• Hub Motor
• Mid Motor.

by Mode
• Pedal Assist Mode
• Throttle Mode.

by Class
• Class-I,
• Class-Ii,
• Class-Iii.

by Battery Type
• Lead Acid,
• Lithium-Ion,
• Lithium-Ion Polymer.

by Product Type
• Pedelecs,
• Scooter or Motorcycle,
• Speed Pedelecs,
• Throttle on Demand.

Leading Companies
• Accell Group N.V.,
• Aima Technology Group Co. Ltd.,
• Cannondale Bicycle Corporation,
• Fritzmeier Systems GmbH & Co. KG,
• Giant Manufacturing Co. Ltd.,
• Kalkhoff - Derby Cycle Werke GmbH,
• Merida Industry Co. Ltd,
• Pedego Electric Bikes,
• Riese und Müller,
• Specialized Bicycle Components, Inc.,
• Trek Bicycle Corporation,
• Yadea Group Holdings Ltd,
• Yamaha Motor Company.

Get Free Sample:

Similar Reports:

1. US EBike Market:

2. Lithium Ion EBike Market:

3. Pedelec market:

4. Vehicle Electrification Market:

5. Electric Scooter and Motorcycle Market:

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