According to the report published by Allied Market Research, the global electric bicycle market generated $24.90 billion in 2020, and is estimated to reach $66.53 billion by 2030, witnessing a CAGR of 10.5% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Favorable government regulations and policies, surge in fuel costs, and rise in interest in cycling as a fitness & recreational activity drive the growth of the global electric bicycle market. However, surge in purchase and maintenance cost of electric bicycles restrains the market growth. On the other hand, improvements in bicycling infrastructure & battery technology and rise in trend of connected electric bicycles present new opportunities in the coming years.
Request Sample Report (422 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/12130
Covid-19 Scenario:
- The sales volume of electric bicycles reduced in the first quarter of 2020, due to closure of bicycles stores with lockdown restrictions in place during the Covid-19 pandemic. However, the sales volume of electric bicycles increased post-lockdown in most of the countries including China, the Netherlands, Japan, the U.S., Italy, and France.
- As one of the leading bicycle manufacturers and having the largest market for electric bicycles, China witnessed rise in demand in this sector.
- Post-lockdown, the market is expected to boost as the demand for electric bicycles is on the rise across the world with rise in health-consciousness and preference toward eco-friendly means of transport.
The report offers detailed segmentation of the global electric bicycle market based on motor type, battery type, application, consumer segment, power output, and region.
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/12130
Based on battery type, the lithium ion (Li-ion) segment contributed to the highest share in 2020, accounting for more than three-fourths of the total market share, and is estimated to maintain its dominant share by 2030. Moreover, this segment is projected to manifest the highest CAGR of 11.2% from 2021 to 2030. The report also analyzes the segments lead acid and others.
Based on application, the daily commute segment held the largest share in 2020, accounting for more than half of the global electric bicycle market. However, the fitness segment is estimated to witness the fastest CAGR of 13.3% during the forecast period.
Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/12130
Based on region, Asia-Pacific accounted for the highest share in 2020, contributing to more than half of the total market share, and is projected to continue its leadership status by 2030. However, LAMEA is projected to portray the fastest CAGR of 14.6% during the forecast period.
Leading players of the global electric bicycle market analyzed in the research include Accell Group N.V., Derby Cycle, CSE EV Group Co. Ltd., Fuji-ta Bicycle Co. Ltd., Merida Bikes, Giant Group, Trek Bicycle Corporation, Yadea Technology Group Co., Ltd., Royal Gazelle, and Yamaha Motor Corporation.
𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬 :
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
