Market Outlook

According to Future Market Consulting analysis, E-Bike Market size was valued at USD 18.21 Billion in 2021 and is projected to reach USD 41.35 Billion by 2030, growing at a CAGR of 8.14 % from 2022 to 2030.

The world - wide automobile sector was significantly affected by the COVID-19 epidemic in 2020. The automobile sector was dropped by about 21% globally. Furthermore, the coronavirus pandemic had a significant influence on the mobility service sector. Ridership in the public transportation system has dropped by over 90%. Uber also reported a 70% drop in passenger bookings. Many sectors have suffered significant income losses as a result of this epidemic.

Although E-bikes and E-scooters are claimed to be considerably expensive to buy than ordinary bikes, the savings that can be made on rising fuel expenses is encouraging various companies in the transportation, delivery, tourist, and other sectors. As a result, many big organizations are investing in acquiring these E-bikes and creating strategic relationships with these E-vehicle manufacturing firms in order to obtain a significant competitive advantage in the market.

Key Players

• Accell Group
• Derby Cycle
• Fuji-ta Bicycle Co., Ltd.
• Giant Manufacturing Co., Ltd.
• Jiangsu Xinri E-Vehicle Co., Ltd.
• Mahindra & Mahindra Ltd.
• Prodecotech, LLC
• Tianjin Golden Wheel Group Co., Ltd.
• Trek Bicycle Corporation
• Yamaha Motor Co. Ltd.

Segmentation

By Class

• Class 1
• Class 2
• Class 3

By Speed

• Up to 25 kmph
• 25 – 50 kmph
• Above 50 kmph

By Mode

• Throttle
• Pedal Assist

By Battery Type

• Lithium-Ion Battery
• Lead Acid Battery
• Fuel Cell
• Other Batteries

By Application

• Urban/City
• Cargo
• Mountain Bike & trekking
• Other Application

By User

• Shared
• Personal

By Region

North America (US, Canada, Mexico)
Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa)
South America (Brazil, Argentina, Rest of South America)