Electric Bikes/E-Bikes Market Projected to Hit USD 78.43 Billion by 2032, to grow at a CAGR of 5.2% | PMR

Global Electric Bikes/E-Bikes Market size and share is currently valued at USD 49.70 billion in 2023 and is anticipated to generate an estimated revenue of USD 78.43 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.2% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/electric-bikes-ebikes-market/request-for-sample

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

An electric bike is a bicycle powered by an electric motor and battery. Many different types of e-bikes are available worldwide, ranging from electric bicycles with a small engine to assist the rider's pedal force to more effective e-bikes that deliver sufficient energy to move the bike completely utilizing the choke. E-bikes are a universal, environmentally practical, and modern form of transport. Clients consider them the best option for scooters, stylish cars, and general transit.

𝐊𝐞𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬:

With so many businesses involved, the industry is projected to become more competitive as it continues to grow. Some of the major players participating in the market are:

• Accell Group
• Bionx International Corporation
• Derby Cycle
• Fuji-ta Bicycle Co. Ltd.
• Giant Bicycles
• Giant Manufacturing Co. Ltd.
• Jiangsu Xinri E-Vehicle Co. Ltd.
• Mahindra & Mahindra Limited
• Panasonic Corporation
• Pedego Electric Bikes
• Prodeco Technologies LLC
• Rad Power Bikes
• Robert Bosch GmbH
• Shimano Inc.
• Tianjin Golden Wheel Group Co. Ltd.
• Trek Bicycle Corporation
• VanMoof
• Yamaha Motor Co. Ltd

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/160/2

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The electric bikes/e-bikes market is primarily divided into product, battery type, usage, drive mechanism, and region. Depending on the product type, over the period, the pedal-aided sector is predicted to dominate the global e-bikes or electric bikes industry. Improving customer understanding of medical management and ecology decreases noise and traffic crowding, as well as the chance of obesity and medical coexisting conditions. Furthermore, according to use data, the trekking and mountain usage category is predicted to rise fast over the projection period as the younger generation becomes more interested in climbing and enjoyment activities.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

● The global electric bikes/e-bikes market size was valued at USD 49.70 billion in 2023.

● The market is expected to expand at a CAGR of 5.2% from 2024 to 2032.

● The industry is expected to grow to USD 78.43 billion by 2032.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

Some of the positive drivers are increased federal subsidies for electronic bike/e-bike sales, alternatives to gasoline-powered vehicles as gasoline costs rise, and technological breakthroughs in electronic bike/e-bike manufacturing. The rising entry of motorcycle manufacturers into the electronic bike business, together with the introduction of advanced and connected e-bikes, is likely to drive the electric bikes/e-bikes market forward.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/electric-bikes-ebikes-market

𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐖𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐏𝐥𝐚𝐧𝐭-𝐁𝐚𝐬𝐞𝐝 𝐌𝐞𝐚𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.naturalproductsglobal.com/food-and-drink/vegetarian-and-vegan/global-plant-based-meat-market-to-be-worth-us35-billion-by-2027-due-to-rising-health-concerns/

𝐏𝐥𝐚𝐧𝐭-𝐁𝐚𝐬𝐞𝐝 𝐌𝐞𝐚𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.fdbusiness.com/plant-based-meat-market-to-be-worth-35-4-billion-by-2027/

𝐏𝐥𝐚𝐧𝐭-𝐁𝐚𝐬𝐞𝐝 𝐌𝐞𝐚𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://tienphongnews.com/demand-for-plant-based-foods-fake-meats-on-the-rise-150874.html

𝐏𝐫𝐨𝐭𝐞𝐢𝐧𝐚𝐬𝐞 𝐊 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.emrindustry.com/proteinase-k-market-size-worth-us-107-5-million-by-2027-cagr-7-5/

𝐍𝐞𝐭 𝐙𝐞𝐫𝐨 𝐄𝐧𝐞𝐫𝐠𝐲 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.contractormag.com/green/article/21156850/netzero-energy-buildings-market-size-worth-96008-million-by-2026

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.