The global E-bike market size is expected to be worth around US$ 120,657 million by 2030, according to a new report by Vision Research Reports.
The global E-bike market size was valued at US$ 41,312 million in 2020 and is anticipated to grow at a CAGR of 11.5% during forecast period 2021 to 2030.
Apart from increasing consumer preference toward recreational and adventure activities, the adoption of e-bike applications in several sectors, like logistics and e-bike rental services, is expected to drive the market studied, during the forecast period.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 120,657 million by 2030 |
| Growth Rate | CAGR of 11.5% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Class, Speed, Battery Type, Motor Type, Mode, Components, Usage, Ownership |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Accell Group N.V. (Netherlands),Pon.Bike (US), Merida Industry Co., Ltd. (Taiwan), Giant Manufacturing Co., Ltd. (Taiwan), Yamaha Motor Corporation (Japan). |
Growth Factors
Electric bike is a bicycle with an integrated electric motor drive mechanism and battery, which produces power for causing or assisting propulsion. Various kinds of globally available e-bikes range from electric bikes with a small motor to assist the pedal-power of the rider to more powerful e-bikes that produce power to completely drive the bike using throttle.
The region, India, Japan, South Korea, and Taiwan are potential markets owing to the increasing e-bike sales in these countries. The mountain e-bike is expected to account for a significant share of the ebike market during the forecast period due to its robustness and high-performance design. Class I e-bike is expected to be the largest market during the forecast period as countries such as China, Japan, South Korea, and Taiwan allow only class-I e-bikes as they are without throttle assist and have a maximum speed of 25 Km/h.
Key Players
Market Segmentation
By Class
By Speed
By Battery Type
By Motor Type
By Mode
By Components
By Usage
By Region
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