Electric Bicycle Market Size, Share, Trends Analysis 2023-2030 | Accell Group, Derby Cycle AG, Easy Motion

An Electric Bicycle, commonly referred to as an e-bike, is a modified bicycle with an electric motor that provides the user with pedal assistance. With electric assistance, it has identical fundamental characteristics as a traditional pushbike. By 2025, it is predicted that the number of electric bicycles sold will surpass 36 million, making them the most popular electric vehicle worldwide. The main drivers of industry growth are anticipated to be weight reduction made possible by Li-ion battery integration, low cost, widespread availability, and minimum environmental effect over the projected period. Market growth is anticipated to be further boosted by rising urbanization and worries about the environmental effects of motor vehicles in all major world countries.

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𝗥𝗶𝘀𝗶𝗻𝗴 𝗺𝗼𝘁𝗼𝗿 𝘃𝗲𝗵𝗶𝗰𝗹𝗲 𝘁𝗿𝗮𝗳𝗳𝗶𝗰 𝗮𝗻𝗱 𝗽𝗼𝗹𝗹𝘂𝘁𝗶𝗼𝗻 𝗹𝗲𝘃𝗲𝗹𝘀 𝗮𝗿𝗲 𝗽𝗿𝗲𝗱𝗶𝗰𝘁𝗲𝗱 𝘁𝗼 𝗽𝗿𝗼𝗽𝗲𝗹 𝘁𝗵𝗲 𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗰 𝗯𝗶𝗰𝘆𝗰𝗹𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗳𝗼𝗿𝘄𝗮𝗿𝗱.

According to a World Health Organization (WHO) research, rising motor vehicle traffic has exacerbated road accidents over the past ten years, which resulted in over 1.25 million fatalities in 2015. Moreover, pollution levels across the globe have witnessed significant spike, owing to increasing automobile traffic. Trucks and cars are said to be the primary source of one-fifth of the U.S. emissions that contribute to global warming. Adoption of environmentally friendly electric bicycles, which significantly reduce traffic congestion and emit minimal amounts of carbon dioxide, can help reduce emissions and traffic levels. This is projected to drive the market for electric bicycles to develop throughout the forecast period.

Consumers are increasingly adopting eco-friendly vehicles as a result of increased awareness and government initiatives to promote the usage of battery-powered vehicles. FAME-India scheme in India, electric bike grant scheme in states of Jersey, and incentives granted for EV purchase by Office for Low Emissions in UK are examples of government initiatives aimed at promoting e-bikes. Throughout the forecast period, these initiatives are projected to present potential growth prospects for the electric bicycles market.

𝗦𝗲𝗮𝗹𝗲𝗱 𝗹𝗲𝗮𝗱-𝗮𝗰𝗶𝗱 (𝗦𝗟𝗔) 𝗯𝗮𝘁𝘁𝗲𝗿𝗶𝗲𝘀 𝗵𝗲𝗹𝗱 𝘁𝗵𝗲 𝗹𝗮𝗿𝗴𝗲𝘀𝘁 𝘀𝗵𝗮𝗿𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁

Because of its low cost and huge consumer base in China, SLA batteries have the biggest market share. The batteries used in motorcycles differ in voltage, amp hour capacity, life, and reliability. However, Li-ion batteries are expected to see significant demand over the forecast period, owing to their superior performance and lower carbon footprints.

𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

On the basis of battery Type, the global electric
bicycles market is segmented into:
• Lead Acid
• Lithium ion (Li-ion)
• Nickel metal hydride (NiMH)

On the basis of use, the global electric bicycles market is segmented into:
• City/Urban
• Trekking
• Racing

On the basis of driver mechanism, the global electric bicycles market is segmented into:
• Hub Motor
• Mid Motor

On the basis of driver mechanism, the global electric bicycles market is segmented into:
• Plug-in
• Battery

On the basis of operating mode, the global electric bicycles market is segmented into:
• Battery/Peddle Operated
• Throttle Operated

On the basis of class, the global electric bicycles market is segmented into:
• Class 1
• Class 2
• Class 3

On the basis of sales channel, the global electric bicycles market is segmented into:
• OEM's
• Sales Channel

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