The global market for Electric Bikes is estimated at US$32.3 Billion in 2023 and is projected to reach US$53.9 Billion by 2030, growing at a CAGR of 7.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the electric bike market is driven by several factors. Firstly, the increasing awareness of environmental issues and the need to reduce carbon footprints have prompted many consumers to seek greener transportation alternatives, with e-bikes emerging as a popular choice. Secondly, the rising costs of fuel and urban congestion are making traditional car commuting less attractive, while e-bikes offer a cost-effective and efficient solution for city travel. Thirdly, supportive government policies and incentives, such as subsidies and tax rebates for e-bike purchases, are encouraging adoption. Additionally, the COVID-19 pandemic has accelerated the shift towards personal modes of transportation, as people look for safer alternatives to public transport. The advancements in battery technology and the expanding infrastructure for cycling, including dedicated bike lanes and charging stations, are also playing a crucial role in driving the market. Advanced batteries, compact, and lightweight mid-drive motors, and chains with improved durability are trending in the e-bikes market. Personalized Pedal-assist-system (PAS) in bikes is expected to witness growth as there is no need for liability insurance for bike riders. Together, these factors create a dynamic and rapidly growing market for electric bikes, presenting significant opportunities for innovation and widespread adoption.
The growth in the electric bike market is driven by several factors. Firstly, the increasing awareness of environmental issues and the need to reduce carbon footprints have prompted many consumers to seek greener transportation alternatives, with e-bikes emerging as a popular choice. Secondly, the rising costs of fuel and urban congestion are making traditional car commuting less attractive, while e-bikes offer a cost-effective and efficient solution for city travel. Thirdly, supportive government policies and incentives, such as subsidies and tax rebates for e-bike purchases, are encouraging adoption. Additionally, the COVID-19 pandemic has accelerated the shift towards personal modes of transportation, as people look for safer alternatives to public transport. The advancements in battery technology and the expanding infrastructure for cycling, including dedicated bike lanes and charging stations, are also playing a crucial role in driving the market. Advanced batteries, compact, and lightweight mid-drive motors, and chains with improved durability are trending in the e-bikes market. Personalized Pedal-assist-system (PAS) in bikes is expected to witness growth as there is no need for liability insurance for bike riders. Together, these factors create a dynamic and rapidly growing market for electric bikes, presenting significant opportunities for innovation and widespread adoption.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Hub Motor Drive Electric Bikes segment, which is expected to reach US$39.4 Billion by 2030 with a CAGR of a 8.1%. The Mid Drive Electric Bikes segment is also set to grow at 6.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.4 Billion in 2023, and China, forecasted to grow at an impressive 8.7% CAGR to reach $21.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Electric Bikes Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Bikes Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Electric Bikes Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bajaj Auto Ltd., Accell Group N.V., Aima Technology Co., Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 196 Featured):
- Bajaj Auto Ltd.
- Accell Group N.V.
- Aima Technology Co., Ltd.
- Avanti Bikes
- Batavus BV
- BH Bikes
- Blaupunkt GmbH
- Blue Factory Team SLU (Mondraker)
- BMC Switzerland AG
- Brompton Bicycle Ltd.
- Cannondale Bicycle Corporation
- Canyon Bicycles GmbH
- Bike Friday
- Bird Rides, Inc.
- Ather Energy
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
BELGIUM
NETHERLANDS
REST OF EUROPE
ASIA-PACIFIC
LATIN AMERICA
REST OF WORLD
Companies Mentioned
- Bajaj Auto Ltd.
- Accell Group N.V.
- Aima Technology Co., Ltd.
- Avanti Bikes
- Batavus BV
- BH Bikes
- Blaupunkt GmbH
- Blue Factory Team SLU (Mondraker)
- BMC Switzerland AG
- Brompton Bicycle Ltd.
- Cannondale Bicycle Corporation
- Canyon Bicycles GmbH
- Bike Friday
- Bird Rides, Inc.
- Ather Energy
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 362 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 32.3 Billion |
| Forecasted Market Value ( USD | $ 53.9 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
