E-bikes Market Size, Share, Forecast, Growth & Trends Analysis 2030

[City, Date] - Meticulous Research®, a forefront global market research company, is pleased to announce the publication of its latest research report titled, 'E-bikes Market by Propulsion Type (Throttle-assisted and Dual Mode), Class, Power Output, E-bike Type, Battery Type, Motor Type (Hub Motors and Mid-drive Motors), Structure, Charging Type, Charging Mode, and End User - Global Forecast to 2030.'

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In this groundbreaking report, Meticulous Research® projects the E-bikes market to achieve a valuation of $88.3 billion by the year 2030, with a Compound Annual Growth Rate (CAGR) of 11.9% during the forecast period. The surge in market growth is propelled by the escalating adoption of E-bikes for shorter commutes, a heightened global focus on environmental concerns, and supportive government policies and regulations. Additionally, increasing health awareness among consumers and the widespread adoption of E-bikes in emerging economies are anticipated to usher in significant market growth opportunities.

Despite the optimistic outlook, challenges such as the high cost of E-bikes and the limited lifecycle of batteries impede market growth. Concerns over the rising incidents of theft and vandalism of E-bikes, coupled with inadequate cycling infrastructure in developing nations, pose substantial hurdles for industry players. However, the market is witnessing noteworthy trends, including concerted efforts by Original Equipment Manufacturers (OEMs) to produce lightweight E-bikes and a rising preference for connected E-bikes.

The comprehensive segmentation of the E-bikes market covers propulsion type, class, power output, E-bike type, battery type, motor type, structure, charging type, charging mode, and end user. The study not only assesses industry competitors but also provides a detailed analysis of the market at the regional and country levels.

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Segment Highlights:

Propulsion Type: The E-bikes market is segmented into throttle-assisted and dual-mode E-bikes. In 2023, the throttle-assisted segment is expected to dominate, driven by the increasing demand for fast climbing and reliable throttle-assisted mountain off-road E-bikes.

Class: Segments include class 1, class 2, and class 3, with the class 1 category anticipated to hold the largest market share in 2023 due to its flexibility, efficiency, and longer running range.

Power Output: Segmentation includes below 250 W, 250 W-750 W, and more than 750 W, with below 250 W projected to account for the largest market share in 2023. This is attributed to the increasing adoption of E-bikes for urban commuting and recreational activities.

E-bike Type: Segments encompass city E-bikes, adventure E-bikes, sports E-bikes, delivery/cargo E-bikes, and other E-bike types. In 2023, city E-bikes are expected to dominate the market share due to rising government initiatives and quicker urban commutes.

Battery Type: Segmentation includes lithium-ion batteries, sealed lead acid batteries, lithium-ion polymer batteries, and other battery types, with lithium-ion batteries expected to hold the largest market share in 2023.

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Motor Type: Segments comprise hub motors and mid-drive motors, with the hub motors segment, including geared hub motors and gearless hub motors, anticipated to account for the larger share of the global E-bikes market in 2023.

Structure: The market is segmented into foldable and non-foldable E-bikes, with the non-foldable segment expected to dominate in 2023 due to increased adoption for short commutes and affordability.

Charging Type: Segmentation includes connector charging and wireless charging, with connector charging projected to hold the larger market share in 2023 due to rising E-bike sales and government policies.

Charging Mode: Segments include plug-in charging, swappable battery, and solar-powered, with plug-in charging expected to account for the largest market share in 2023.

End User: Segments encompass government agencies, academic institutes/universities, business organizations, micromobility service providers, commercial & delivery services, individuals, and other end users. In 2023, the business organizations segment is anticipated to hold the largest market share.

Geography: The E-bikes market is geographically segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with Asia-Pacific projected to account for the largest share in 2023, followed by North America, Europe, Latin America, and the Middle East & Africa.

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Key Players: Leading players in the E-bikes market include Robert Bosch GmbH, Yamaha Motor Co., Ltd., Aima Technology Group Co. Ltd., Giant Manufacturing Co., Ltd., Merida Industry Co., Ltd., PEDEGO INC, Rad Power Bikes Inc., Yadea Group Holdings Ltd., Aventon, Fuji-ta Bicycle Co.,Ltd., Trek Bicycle Corporation, Riese & Müller GmbH, Leon Cycle Ltd., myStromer AG, Magnum Electric Bikes, Brompton Bicycle Ltd, MAHLE GmbH, Hero Cycles Ltd., Electric Bike Store Ltd, and Juiced Riders, Inc.

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