Press release
Electric Bike Market Share in India 2023-2028 | Top Companies - eAdicct Mobility Solutions Pvt.Ltd., Elektron Cycles, Giant Bicycles India, GoZero Mobility, Hero Lectro E-Cycles
Electric Bike Market Share in India 2023-2028
The India E-bike market size reached US$ 1,048 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,113 Million by 2028, exhibiting a growth rate (CAGR) of 12.4% during 2023-2028.
An e-bike is a revolutionary mode of transportation that incorporates an electric motor to assist with propulsion, which can be activated through a handlebar-mounted control, allowing riders to choose between manual pedaling or electric assistance. It combines the benefits of conventional bicycles with the power of electric technology, providing a convenient and sustainable solution for commuting and leisure activities. As it is equipped with rechargeable batteries that power the motor, thereby reducing the physical effort required from riders, especially when climbing hills or facing headwinds, the demand for e-bike is rising in India.
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What are the growth prospects and trends in the India e-bike industry?
At present, the growing concern for environmental conservation and the need for sustainable transportation solutions represent some of the key factors positively influencing the market in India. Besides this, the rising demand for eco-friendly commuting options is offering lucrative growth opportunities to industry investors in the country.
In addition, the increasing adoption of e-bikes in India due to various initiatives by the Government of India promoting electric mobility and offering incentives to electric vehicle (EV) manufacturers and consumers. Moreover, the rising awareness about health and fitness benefits associated with cycling, coupled with the convenience of electric assistance, is propelling the growth of the market in the country.
Additionally, the ongoing advancements in battery technology are improving the performance and range of e-bikes, addressing concerns about battery life and recharging, which is bolstering the growth of the market in India.
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Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Propulsion Type:
• Pedal Assisted
• Throttle-Assisted
Breakup by Battery Type:
• Lithium-Ion Battery
• Lead-Acid Battery
Breakup by Power:
• Less Than and Equal to 250W
• Above 250W
Breakup by Application:
• City and Urban
• Trekking
• Cargo
Breakup by Region:
• North India
• West and Central India
• South India
• East India
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Some of the Top Key players in the Time and Attendance Software Market
eAdicct Mobility Solutions Pvt.Ltd.
Elektron Cycles
Giant Bicycles India
GoZero Mobility
Hero Lectro E-Cycles (Hero Cycles Limited)
Nibe E-motor Limited
PURE EV
SK EBICYCLE LLP
SS Electric Vehicles
Trek Bicycle Corporation
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Contact Us:
IMARC Group
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About us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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