Global Electric Bikes Market Overview And Prospects
Learn about the global electric bikes market through The Business Research Company, which provides information on electric bikes market size, electric bikes market drivers and restraints, electric bikes market players, the COVID-19 impact on the electric bikes market, and more.
The global electric bikes market is expected to grow from $32.54 billion in 2020 to $36.52 billion in 2021 at a compound annual growth rate (CAGR) of 12.2%. The change in growth trend of the electric bikes market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The electric bikes market is expected to reach $53.23 billion in 2025 at a CAGR of 9.9%.
The implementation of government regulations to encourage the use of electric bikes is expected to drive electric bikes manufacturing, thus driving the market during the forecast period.
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The electric bikes market consists of sales of electric bikes by entities (organizations, sole traders, and partnerships) that manufacture bikes which run on rechargeable batteries or through pedalling. Electronic bikes are battery-powered bikes that resemble gas-powered bikes but require electric power to operate. Electric bikes are equipped with an integrated electric motor driving system and a battery that produces power for causing or assisting propulsion. E-bikes range from bikes with a modest motor to help the rider’s pedal-power to more powerful e-bikes that provide electricity to operate the bike using the throttle. Electric bikes are a versatile, eco-friendly, and aesthetic means of transportation.
Global electric bikes market segments include:
By Class: Class-I, Class-II, Class-III
By Motor Type: Mid Motor, Hub Motor
By Battery Type: Lead Acid, Lithium ion (Li-ion), Nickel-Metal Hydride (NiMH), Others
By Application: Mountain Or Trekking, City Or Urban, Cargo, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the electric bikes market in 2020.
Technological advancements are shaping the electric bikes market. Major companies operating in the electric bikes sector are focused on developing technological solutions for electric bikes to meet customer demand and strengthen their position.
TBRC’s electric bikes market report covers:
Major Market Players: Accell Group, Derby Cycle AG, Tianjin Fuji-ta Group, Giant Bicycles, Mahindra & Mahindra, Merida Industry Co. Ltd., Pedego Electric Bikes, Tianjin Golden Wheel Bicycle Group Co Ltd, Trek Bicycle Corporation, Pon Bicycle Holding B.V., VanMoof, FRITZMEIER Systems GmbH & Co. KG, Gocycle, Klever Mobility, and Panasonic.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Electric Bikes Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides electric bikes market overviews, analyzes and forecasts market size, share, electric bikes market players, electric bikes market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s electric bikes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here is a list of similar reports from The Business Research Company:
Electric Bikes And Scooters Global Market Report 2020
Electric Car Charger Global Market Report 2021
Electric Cars Global Market Report 2021
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