Press release
Global Electric Bikes and Scooters Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Electric Bikes and Scooters Market Growth
How Big Is the Electric Bikes and Scooters Market Size Expected to Be by 2034?
The electric bikes and scooters market has shown strong growth in recent years. It will rise from $28.08 billion in 2024 to $30.27 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. Factors driving this growth include rising fuel costs, government initiatives, early market entrants, urbanization, congestion, and changes in consumer behavior.
The electric bikes and scooters market is set for strong growth, expected to reach $39.1 billion by 2029 with a CAGR of 6.6%. This growth is attributed to environmental concerns, economic factors, global market expansion, and infrastructure development. Key trends include urban mobility solutions, regulatory support, environmental awareness, last-mile connectivity, and consumer preference for customization.
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What Are the Emerging Segments Within the Electric Bikes and Scooters Market?
The electric bikes and scooters market covered in this report is segmented -
1) By Product: Electric Bikes, Electric Scooters
2) By Battery: Lead-acid, Lithium-ion (Li-ion), Nickel-metal Hydride (NiMh), Other Batteries
3) By Voltage Capacity: 48-59V, 60-72V, 73-96V, Above 96V
4) By Drive Mechanism: Hub Motor, Mid Drive, Other Drive Mechanisms
Subsegments:
1) By Electric Bikes: City Or Urban E-bikes, Mountain E-bikes, Folding E-bikes, Cruiser E-bikes, Cargo E-bikes
2) By Electric Scooters: Stand-Up Electric Scooters, Sit-Down Electric Scooters, Off-Road Electric Scooters, Commuter Electric Scooters, Self-Balancing Scooters
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What Long-Term Drivers Are Shaping Electric Bikes and Scooters Market Trends?
The increasing awareness of pollution is a significant factor driving the growth of the electric bikes and scooters market. As people become more concerned about pollution, they are seeking environmentally friendly transportation options like electric bikes and scooters. A survey by Forbes found that electric bike sales have surpassed non-electric bike sales in the Netherlands. The growing concern about pollution is expected to continue boosting the adoption of electric bikes and scooters.
Who Are the Top Competitors in Key Electric Bikes and Scooters Market Segments?
Major companies operating in the electric bikes and scooters market include Bayerische Motoren Werke AG, Honda Motor Co. Ltd., Mahindra & Mahindra Limited, Govecs AG, Yadea Group Holdings Ltd., Giant Manufacturing Co. Ltd., AIMA Technology Co. Ltd., Trek Bicycle Corporation, Dongguan Tailing Electric Vehicle Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Energica Motor Company S.p.A., Gogoro Inc., KTM AG, Yamaha Motor Co. Ltd., Vmoto Limited, Zero Motorcycles Inc., Tianjin Golden Wheel Group Co. Ltd., Hero Electric Vehicles Pvt. Ltd., Terra Motors Corporation, Aventon Bikes, Z Electric Vehicle Corporation, Fuji-Ta Bicycle Co. Ltd., Prodeco Technologies LLC, Zhejiang Luyuan Electric Vehicle Co. Ltd., Amego Electric Vehicles Inc., Shandong Incalcu Electric Vehicle Co. Ltd., Cowboy Electric Bikes, Keego Mobility Co. Ltd., Rad Power Bikes, Volt Motorcycles Ltd., Karbon Kinetics Limited, Raleigh Bicycle Company, Piaggio & C. SpA, Ather Energy Private Limited, Evoke Electric MotorcyclesLtd., Lightning Motorcycle Corp., Derby Cycle Holding GmbH, Riese & Müller GmbH, Stromer Electric Bikes
What Trends Are Expected to Dominate the Electric Bikes and Scooters Market in the Next 5 Years?
The electric bike and scooter market is experiencing technological advancements in battery technology, such as the development of graphene-based batteries. These batteries offer faster charging times, higher capacity, and lighter weight. For example, Earthday, a startup based in Barcelona, is working to further improve the efficiency of graphene batteries to allow electric bikes and scooters to charge in about five minutes.
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Which Regions Are Becoming Hubs for Electric Bikes and Scooters Market Innovation?
The countries covered in the electric bikes and scooters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electric Bikes and Scooters Market?
2. What is the CAGR expected in the Electric Bikes and Scooters Market?
3. What Are the Key Innovations Transforming the Electric Bikes and Scooters Industry?
4. Which Region Is Leading the Electric Bikes and Scooters Market?
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