Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 10.15% during the review period (2022 to 2027)
The global electric bike marketplace size was valued at USD 35.69 billion in 2022. The market is projected to grow from USD 40.16 billion in 2022 to USD 92.19 billion by 2027, showing a CAGR of 10.15% during the estimate period. The global COVID-19 epidemic has been unparalleled and amazing, with electric bike feeling higher-than-anticipated demand across all regions compared to pre-pandemic levels. Founded on our analysis, the global market exhibited a growth of 9.8% in 2020 as compared to 2022.
An e-bike mentions to bikes with a motor and rechargeable series that assist the rider and alleviate some of the pressure of pedaling efforts. E-bikes enable users to cycle further and more often without getting tired than conventional bicycles. It is also helpful to users with incomplete mobility and offers a cheaper alternative to car portable. Quickly rechargeable batteries, lightweight motors, and technological advancement of bicycle components have led to increased adoption of electric mopeds as an efficient, eco-friendly, and convenient way to travel.
December 15, 2021: Yamaha Corporation (below, "Yamaha") is pleased to announce the opening of the Yamaha Music School Riyadh in the Kingdom of Saudi Arabia (below, "Saudi Arabia") in November 2021 as the Kingdom's first officially authorized music education facility.
Top Key players in the Electric Bike Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The companies referred in the market research report includes AIMA, Yadea, Sunra, Incalcu, Lima, BYVIN, Lvyuan, TAILG, Supaq, Xiaodao Ebike, Bodo, Lvjia, Slane, OPAI, BDFSD, Gamma, Birdie Electric, Zuboo, Mingjia, Giant EV, Qianxi Vehicle, Lvneng, Yamaha, Songi, Aucma EV, Lvju, Accell, Palla and others.
Electric Bike Market is segmented based on the type, applications, companies and regions.
By Type, Electric Bike Market has been segmented into
The end user’s industry application on Electric Bike Market is,
Asia Pacific is anticipated to lead the e-bike market during the forecast period due to the high sales of e-bikes in the region. According to MarketsandMarkets analysis, in terms of volume, Asia Pacific contributed about ~88% to the global ebike market in 2020 by volume. Key e-bike manufacturers in this region include Yadea Group Holdings Ltd., AIMA Technology Group Co., Ltd., and Merida Industry Co., Ltd. Class-I e-bikes accounted for the largest market in Asia Pacific, as government regulations permit only Class-I e-bikes, except for India where the market for Class-II e-bikes exists due to lack of strict regulations.
Forecast Period 2022 to 2028 CAGR
CAGR of 10.15% during the review period (2022 to 2027).
AIMA, Yadea, Sunra, Incalcu, Lima, BYVIN, Lvyuan, TAILG, Supaq, Xiaodao Ebike, Bodo, Lvjia, Slane, OPAI, BDFSD, Gamma, Birdie Electric, Zuboo, Mingjia,
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Which region has largest share in E Bike Market?
Asia-Pacific holds highest share in 2022.
What is the total market value of E-Bikes market report?
The global electric bike market was valued at $40,312.00 million in 2019, and is projected to reach $118,657.00 million by 2027
What are the upcoming trends in E-bikes?
There are certain upcoming trands in electric bike such as improvement in bicycling infrastructure, battery technology and ongoing R&D in the field of electric motors.
Who are the key players in E Bike Market?
Giant Bicycles, Merida Industry Co. Ltd, Fritzmeier Systems GmbH & Co. Kg (M1 Sporttechnik), Riese & Muller GmbH, Yamaha Bicycles are the major companies operating in E Bike Market.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.