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Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key Growth Drivers, Emerging Trends, Opportunities & Forecast 2025-2034
Electric Bikes And Scooters Market Report
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The market is projected to rise from $43.09310 billion in 2024 to $65.22142 billion in 2029 at a growth rate of 8.64%, and is forecasted to grow at a CAGR of 8.13% post-2029, reaching $96.39967 billion by 2034.
What strategies are industry leaders adopting in the electric bikes and scooters market?
Key companies are implementing several strong strategic approaches, including:
• Strengthening operational capabilities through major strategic partnerships.
• Expanding their product range by launching new electric bike and scooter models.
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How can companies capitalize on emerging opportunities?
The Business Research Company recommends that electric bikes and scooters companies focus on:
• Integrating advanced IoT-enabled safety and security systems for enhanced convenience.
• Developing high-performance electric mountain bikes for adventure-focused consumers.
• Designing robust all-terrain electric scooters with superior suspension technology.
• Advancing urban mobility through smart and connected e-bikes.
• Leveraging AI and next-generation technologies to enhance product functionality.
What Are Electric Bikes And Scooters: Market Overview
Electric bikes and scooters (excluding e-mopeds or 2-wheelers) include lightweight electric vehicles designed for personal travel and small-scale commercial use. This category includes electric bicycles equipped with pedal-assist systems and electrically powered scooters, but excludes moped-style or motorcycle-like vehicles.
Major users include individual riders for daily commuting, errands, and leisure, as well as commercial businesses offering rental platforms, food and parcel delivery, and fleet-based services. These vehicles serve as substitutes for traditional bicycles, kick scooters, mopeds, and small motorcycles, and increasingly as alternatives to public transport and ride-hailing. Operation involves activating throttle or pedal-assist to power the electric motor. In consumer settings, they are commonly used for commuting and last-mile travel, while commercially they support delivery and rental ecosystems.
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Who Are The Major Companies Operating In The Global Electric Bikes And Scooters Market?
The top 10 competitors accounted for 27.36% of the total global market in 2024.
Yadea Technology Group Co. Ltd. led the market with a 7.67% share, followed by:
• AIMA Technology Group Co. Ltd (4.20%)
• Ninebot Ltd (Segway)
• Xiaomi Corporation
• Trek Bicycle Corporation
• Giant Manufacturing Co. Ltd.
• Lime Micromobility
• Yamaha Corporation
• Merida Industry Co. Ltd.
• Specialized Bicycle Components Inc.
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The Business Research Company (www.thebusinessresearchcompany.com) is a global market intelligence firm known for its expertise in company, market, and consumer analysis. With more than 17,500+ reports across 27 industries and 60+ geographies, our insights are supported by 1,500,000 datasets, extensive secondary research, and interviews with industry experts.
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