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In 2023, the e-bike industry was worth 45.19 billion USD. From 2024 to 2031, the e-bikes market is expected to expand from 49.62 billion USD in 2024 to 84.36 billion USD, representing a CAGR (compound annual growth rate) of 9.89%. Rising gasoline prices around the world and government programs that encourage the adoption of electric motorcycles are the main factors propelling the market forward.
As a greener mode of transportation, electric bikes continue to gain popularity in Europe, where they have enormous expansion potential. As related regulations are expected to be finalized, sales in the US are anticipated to rise. A more stable environment is anticipated for the e-bike market in the coming years, thanks to the robust markets in Europe and the United States as well as the anticipated resurgence in sales in China.
Electric bicycles, or e-bikes, are bikes that look and function similarly to traditional bicycles but have a tiny electric motor to help with or even replace pedaling. A pedal-assist bike is one type of electric bike, while a throttle-based motor is another. You may also find more complex models on the market that come with powerful electric motors and the option to activate the throttle. You may find electric bikes in three different classes: Class 1, Class 2, and Class 3. Typically, they fall into one of two categories: those traveling up to 25 kmph and those traveling between 25 and 45 kmph.
Robots, computers, and other forms of information technology are used by E-Bike as control systems to operate different pieces of industrial machinery, hence eliminating the need for human operators. Two primary categories of electric bike systems have emerged, process plant automation and manufacturing automation, based on the activities that e-bikes are used for. By utilizing cutting-edge, innovative, and integrated technologies and services, E-Bike is able to reduce production and design costs without sacrificing product quality, dependability, or production rate. During the projected period, their penetration of automation in the industrial sector is likely to expand due to their many qualities, including high productivity, quality, flexibility, and information correctness. The e-bike market is being propelled by the increasing adoption of automation solutions across many industries, including oil and gas, manufacturing, chemicals and materials, pharmaceuticals, and others.
Health, time, money, safety, congestion, air and noise pollution, and energy security are all positively impacted by the low-emission electric bicycle (e-bike). When it comes to shorter distances, e-bikes outperform traditional forms of mobility. E-bike users reduce their financial and ecological footprints. But there are additional emissions from making e-bike parts like batteries and drives. Everyday activities, like going cargo bike shopping, can be easily accomplished on an eBike instead of a car. An electric bike uses a negligible amount of power—approximately 11.2 Wh of electricity every mile traveled. The EPA reports that compared to public transit, which emits 80–176 g of CO₂ per passenger mile, driving a car produces around 240 g of CO₂ per passenger mile. There are far fewer pollutants produced by bicycles and eBikes compared to other forms of transportation.
When it comes to electric bikes, there is a patchwork of regulations and official jargon. While some nations do have federal laws, the power and legitimacy of road use regulations are ultimately decided at the provincial and state levels. The market demand for e-bikes is thus affected by any update or modification to the regulations governing them. Take China's recently published law on e-bikes as an example. According to the rules, bicycles can only be called e-bikes if they have a maximum speed of 25 km/h, a motor power of 400 watts, and pedal assist. A moped is any electric bike with a speed greater than 25 km/h.
The growth of shared micro-mobility is driving the electric bike (e-bike) market, according to market dynamics. Shared micro-mobility is a part of public transportation's ecosystem. A flexible form of transportation with low operational costs and overhead, shared electric micro-mobility can augment fixed-route transit systems that handle bigger volumes by providing mobility services for multiple trips at a lower cost per traveler. New York City's Department of Transportation (DOT) constructed a record-breaking 28.6 lane miles of protected bike lanes throughout the five boroughs in 2020, according to Mayor Bill de Blasio's announcement in December 2020. This information was later confirmed in December 2023. With this proclamation in place, the city's protected bike lanes extended over 1,375 lane miles, or around 170 miles of roadway.
Report Coverage
Global E-Bike research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global E-Bike report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and E-Bike competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key E-Bike market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global E-Bike market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, E-Bike market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Accell Group N.V., Pon Bike, Merida Industry Co. Ltd, Giant Manufacturing Co. Ltd, Yamaha Motor Corporation, and others
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global E-Bike market based on the below-mentioned segments:
Global E-Bike Market, By Type
Pedal Assist
Throttle Control
Others
Global E-Bike market, By Frame Material
Carbon Fiber
Carbon Steel
Aluminum
Aluminum Alloy
Others
Global E-Bike Market, By Consumer Group
Men
Women and Children
Global E-Bike market, Regional Analysis
As a greener mode of transportation, electric bikes continue to gain popularity in Europe, where they have enormous expansion potential. As related regulations are expected to be finalized, sales in the US are anticipated to rise. A more stable environment is anticipated for the e-bike market in the coming years, thanks to the robust markets in Europe and the United States as well as the anticipated resurgence in sales in China.
Electric bicycles, or e-bikes, are bikes that look and function similarly to traditional bicycles but have a tiny electric motor to help with or even replace pedaling. A pedal-assist bike is one type of electric bike, while a throttle-based motor is another. You may also find more complex models on the market that come with powerful electric motors and the option to activate the throttle. You may find electric bikes in three different classes: Class 1, Class 2, and Class 3. Typically, they fall into one of two categories: those traveling up to 25 kmph and those traveling between 25 and 45 kmph.
Robots, computers, and other forms of information technology are used by E-Bike as control systems to operate different pieces of industrial machinery, hence eliminating the need for human operators. Two primary categories of electric bike systems have emerged, process plant automation and manufacturing automation, based on the activities that e-bikes are used for. By utilizing cutting-edge, innovative, and integrated technologies and services, E-Bike is able to reduce production and design costs without sacrificing product quality, dependability, or production rate. During the projected period, their penetration of automation in the industrial sector is likely to expand due to their many qualities, including high productivity, quality, flexibility, and information correctness. The e-bike market is being propelled by the increasing adoption of automation solutions across many industries, including oil and gas, manufacturing, chemicals and materials, pharmaceuticals, and others.
Health, time, money, safety, congestion, air and noise pollution, and energy security are all positively impacted by the low-emission electric bicycle (e-bike). When it comes to shorter distances, e-bikes outperform traditional forms of mobility. E-bike users reduce their financial and ecological footprints. But there are additional emissions from making e-bike parts like batteries and drives. Everyday activities, like going cargo bike shopping, can be easily accomplished on an eBike instead of a car. An electric bike uses a negligible amount of power—approximately 11.2 Wh of electricity every mile traveled. The EPA reports that compared to public transit, which emits 80–176 g of CO₂ per passenger mile, driving a car produces around 240 g of CO₂ per passenger mile. There are far fewer pollutants produced by bicycles and eBikes compared to other forms of transportation.
When it comes to electric bikes, there is a patchwork of regulations and official jargon. While some nations do have federal laws, the power and legitimacy of road use regulations are ultimately decided at the provincial and state levels. The market demand for e-bikes is thus affected by any update or modification to the regulations governing them. Take China's recently published law on e-bikes as an example. According to the rules, bicycles can only be called e-bikes if they have a maximum speed of 25 km/h, a motor power of 400 watts, and pedal assist. A moped is any electric bike with a speed greater than 25 km/h.
The growth of shared micro-mobility is driving the electric bike (e-bike) market, according to market dynamics. Shared micro-mobility is a part of public transportation's ecosystem. A flexible form of transportation with low operational costs and overhead, shared electric micro-mobility can augment fixed-route transit systems that handle bigger volumes by providing mobility services for multiple trips at a lower cost per traveler. New York City's Department of Transportation (DOT) constructed a record-breaking 28.6 lane miles of protected bike lanes throughout the five boroughs in 2020, according to Mayor Bill de Blasio's announcement in December 2020. This information was later confirmed in December 2023. With this proclamation in place, the city's protected bike lanes extended over 1,375 lane miles, or around 170 miles of roadway.
Report Coverage
Global E-Bike research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global E-Bike report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and E-Bike competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key E-Bike market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Accell Group N.V., Pon Bike, Merida Industry Co. Ltd, Giant Manufacturing Co. Ltd, Yamaha Motor Corporation, and others |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of E-Bike Market from 2021 to 2031.
- Market Forecast for E-Bike Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, E-Bike competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on E-Bike
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global E-Bike market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, E-Bike market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Accell Group N.V., Pon Bike, Merida Industry Co. Ltd, Giant Manufacturing Co. Ltd, Yamaha Motor Corporation, and others
Primary Target Market
- Market Players of E-Bike
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global E-Bike market based on the below-mentioned segments:
Global E-Bike Market, By Type
Pedal Assist
Throttle Control
Others
Global E-Bike market, By Frame Material
Carbon Fiber
Carbon Steel
Aluminum
Aluminum Alloy
Others
Global E-Bike Market, By Consumer Group
Men
Women and Children
Global E-Bike market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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