Electric Bicycle Market Outlook: Post Covid-19 Scenario

Electric Bicycle Market

Electric Bicycle Market, The electric bikes and motorbikes are equipped with the built-in, electrically driven mechanism. The technology makes use of a battery like this, which can be recharged and may offer electricity that facilitates mobility. Due to their long range and use of a small motor that makes them easier to transport, e-bikes are growing in popularity all over the world. By assisting them with their pedalling power, cyclists may gain from this. Additionally, it enables the moderately strong motorcyclists to deliver sufficient force to move the car in its entirety while using the throttle. These bicycles provide their customers with the ease and convenience they require and deserve.

The global Electric Bicycle Market size was valued at USD 17.83 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.5% from 2022 to 2030.

Global interest in zero-emission transportation options has increased dramatically as a result of the COVID-19 epidemic as a way to lessen urban pollution. In the electric vehicle business, electric bikes have impressively increased their market share. Electric bikes have become increasingly popular as a result of ongoing attempts by automakers to reduce their size, improve battery life, and improve overall engine performance. These customer propositions are being used by OEMs to access profitable markets for electric bikes. Customers are gravitating more and more toward choosing public transportation options with low or almost zero carbon emissions. The market prospects for electric vehicles have been boosted by the widespread commercialization of electric vehicles in the transportation sector in both developed and emerging nations.

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Global Electric Bicycle Market: Major Players
Bionx International Corporation
Accell Group N.V
Energica Motor Company
Panasonic Corp
Giant Manufacturing Co. Ltd
Trek Bicycle Corporation
Mahindra & Mahindra Ltd
Pedego Electric Bikes
Yamaha Motor Co. Ltd
Revolt Motors
Zero Motorcycles, Inc.
Robert Bosch Gmbh
Prodeco Technologies LLC
Jiangsu Xinri E-Vehicle Co. Ltd
Derby Cycle Holding Gmbh

Global Electric Bicycle Market: By Types
Lead Acid
Nickel-Metal Hydride

Global Electric Bicycle Market: By Applications
Trekking (E-mountain Bikes/e-MTB)

Frequently Asked Questions

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Public and private organisations are promoting the usage of e-bikes as a result of growing government attempts to reduce carbon emissions, which is raising public awareness of the product. Additionally, public and commercial groups are working together to set up rental services for e-bikes and to place them in various stations. One of the main factors limiting the expansion of the e-bike market is the high cost of these bikes. E-bikes are comparatively more expensive since they have expensive parts like motors, controllers, and batteries. The motor capacity of these bikes varies; the more powerful the motor, the more expensive the e-bike.

Electric bikes are a convenient, environmentally friendly, and adaptable means of transportation. Customers view them as the best alternative to smart automobiles, transportation, and scooters. Due to their compact design, they enable higher speed with little effort and provide a number of health advantages. They also help to reduce traffic congestion. These elements are anticipated to increase demand for e-bikes on a global scale. The market has been divided into throttle-assisted and pedal-assisted segments based on the type of propulsion. In 2021, the pedal-assisted market segment held a commanding 58% market share. E-bikes with pedal assistance produce more power from the motor, allowing riders to pedal more quickly and easily. Additionally, these bikes are frequently used on hills and other difficult terrain.