According to the report the global e-bike market reached a value of USD 24.72 billion in 2022. Aided by the growing demand for energy-efficient transportation methods and the expanding applications of e-bikes in several sectors, the market is projected to further grow at a CAGR of 5.90% between 2023 and 2028 to reach a value of USD 34.83 billion by 2028.
E-bikes or electric bikes incorporate electric motors that can operate separately or complement pedalling, providing a boost to the rider's efforts. They play a critical role in sustainable urban mobility, last-mile delivery solutions, and in promoting health and fitness, aiding the e-bike market development.
In addition to serving as a major mode of transportation, e-bikes also excel in terms of energy efficiency, emissions reduction, and cost effectiveness when compared to conventional cars. This makes them a significant alternative in a number of sectors, such as logistics, e-commerce, and rental services.
The escalating consumer preference for energy-efficient and environmentally friendly transportation modes is a primary driver of the global e-bike market growth. There has been a substantial shift towards electric mobility options due to rising awareness of climate change and the environmental impact of conventional cars, which has led to an increase in demand for e-bikes. E-bikes, which offer a practical way to travel through busy urban environments, are growing in popularity as a result of expanding urbanisation and traffic congestion in cities.
The broadening applications of e-bikes across various sectors also significantly contribute to the e-bike market expansion. In the logistics and e-commerce sectors, e-bikes are gaining momentum as an effective solution for last-mile delivery, owing to their cost-effectiveness and manoeuvrability. Additionally, the rise of bike-sharing and rental services in urban areas has led to an increased demand for e-bikes.
Further, the advancement in battery technologies, improvement in e-bike infrastructure such as bike lanes, and supportive government policies are also fuelling the growth of the e-bike market. Improvements in Lithium-ion batteries have resulted in e-bikes that are lighter, have longer ranges, and quicker charge times. These advancements, coupled with increased investment in cycling infrastructure and favourable regulations promoting electric vehicles, have boosted the acceptance and adoption of e-bikes.
Moreover, the increasing popularity of cycling as a form of exercise and leisure activity has propelled the e-bike market development. With the rising trend of health and fitness, e-bikes have emerged as a popular choice, enabling more people to take up cycling, irrespective of their fitness levels or the terrain, thereby bolstering the e-bike market growth.
These high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of our these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
E-bikes or electric bikes incorporate electric motors that can operate separately or complement pedalling, providing a boost to the rider's efforts. They play a critical role in sustainable urban mobility, last-mile delivery solutions, and in promoting health and fitness, aiding the e-bike market development.
In addition to serving as a major mode of transportation, e-bikes also excel in terms of energy efficiency, emissions reduction, and cost effectiveness when compared to conventional cars. This makes them a significant alternative in a number of sectors, such as logistics, e-commerce, and rental services.
The escalating consumer preference for energy-efficient and environmentally friendly transportation modes is a primary driver of the global e-bike market growth. There has been a substantial shift towards electric mobility options due to rising awareness of climate change and the environmental impact of conventional cars, which has led to an increase in demand for e-bikes. E-bikes, which offer a practical way to travel through busy urban environments, are growing in popularity as a result of expanding urbanisation and traffic congestion in cities.
The broadening applications of e-bikes across various sectors also significantly contribute to the e-bike market expansion. In the logistics and e-commerce sectors, e-bikes are gaining momentum as an effective solution for last-mile delivery, owing to their cost-effectiveness and manoeuvrability. Additionally, the rise of bike-sharing and rental services in urban areas has led to an increased demand for e-bikes.
Further, the advancement in battery technologies, improvement in e-bike infrastructure such as bike lanes, and supportive government policies are also fuelling the growth of the e-bike market. Improvements in Lithium-ion batteries have resulted in e-bikes that are lighter, have longer ranges, and quicker charge times. These advancements, coupled with increased investment in cycling infrastructure and favourable regulations promoting electric vehicles, have boosted the acceptance and adoption of e-bikes.
Moreover, the increasing popularity of cycling as a form of exercise and leisure activity has propelled the e-bike market development. With the rising trend of health and fitness, e-bikes have emerged as a popular choice, enabling more people to take up cycling, irrespective of their fitness levels or the terrain, thereby bolstering the e-bike market growth.
Market Segmentation
The market can be divided based on mode, motor type, battery type, class, design, application, and region.Market Segmentation
- Throttle
- Pedal Assist
Market Segmentation
- Hub Motor
- Mid Drive
- Others
Market Segmentation
- Lead Acid
- Lithium Ion
- Nickel-Metal Hydride (NiMH)
- Others
Market Segmentation
- Class I
- Class II
- Class III
Market Segmentation
- Foldable
- Non-Foldable
Market Segmentation
- Mountain/Trekking Bikes
- City/Urban
- Cargo
- Others
Market Segmentation
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global e-bike companies. Some of the major key players explored in the report are as follows:- Accell Group
- BionX International Corporation
- Robert Bosch GmbH
- Yamaha Motor Co., Ltd.
- Derby Cycle
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.These high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of our these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market15 Value Chain Analysis17 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Snapshot
8 Global E-Bike Market Analysis
9 North America E-Bike Market Analysis
10 Europe E-Bike Market Analysis
11 Asia Pacific E-Bike Market Analysis
12 Latin America E-Bike Market Analysis
13 Middle East and Africa E-Bike Market Analysis
14 Market Dynamics
16 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Accell Group
- BionX International Corporation
- Robert Bosch GmbH
- Yamaha Motor Co. Ltd.
- Derby Cycle
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 184 |
| Published | October 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 26.15 Billion |
| Forecasted Market Value ( USD | $ 34.83 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
