Future Outlook of Global E-Bike Industry: Ken Research

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What Is The Size Of Global E-Bike Industry?

Global E-Bike Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027.

The Global E-Bike Market is largely Factors such as implementation of government regulations to encourage the use of electric bikes, consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute, increase in fuel costs, and rise in interest in cycling as a fitness & recreational activity are expected to drive the market growth. However, high cost of e-bikes and ban on use of e-bikes in major cities of China hinder the market growth. Furthermore, improvement in bicycling infrastructure & battery technology is expected to offer lucrative opportunities for the electric bike market growth.

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Governments of various countries are taking initiatives to reduce the carbon footprints by encouraging the use of electric bikes, electric vehicles, and bicycles, owing to increase in awareness toward the hazardous effects of using vehicles running on fossil fuels. Moreover, governments are constructing bicycle-friendly streets, which are encouraging individuals to opt for bicycle as a key mode of commute.

Global E-Bike Market Segmentation By Product Type

The Global E-Bike Market is segmented by Product type into Pedelecs, Speed Pedelecs, throttle on demand, Scooter/Motorcycle.

Global E-Bike Market Segmentation By Battery Type

The Global E-Bike Market is segmented by region into Lead-Acid, Lithium-ion, Others.

Globale-Bike Market Segmentation By Region

The Global E-Bike Market is segmented by basis of Region into Asia Pacific, Australia, Europe, North America. The market captured by Asia Pacific is larger as compared to others.

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Competition Scenario In Global E-Bike Market

The Global E-Bike market is a highly competitive and diverse industry with many major players operating in the region. Here are some of the leading catering companies in the global E-Bike Market. Top players such as the market is largely driven by rising demand for organic hair care products and active advertisement campaigns.

What Is The Expected Future Outlook For The E-Bike Market Across The Globe?

The Global E-Bike Market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

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The Global E-Bike Market is driven by Electric bikes offer huge growth potential as they endure to gain traction in Europe as a more ecological means of transport. Sales in the U.S. is predicted to lift as associated regulations will take shape. Along with healthy European and U.S. markets and expected rebound in sales in China is projected to offer a more stable environment for the e-bike market place during years to come.

With increasing necessity of environment-friendly transportation, popularity of bicycles is booming across various parts of the world. This is mainly because of numerous benefits offered by the cycling such as reduced CO2 emission, reduced air pollution, reduced noise pollution from other transportation modes, saves fuel cost, improves public health, less congestion on roads, and also saves construction and maintenance cost of road infrastructure.

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Global E-Bike Market Outlook to 2027

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Global E-Bike Market Surges towards growth. Will the current industry trends support it?: Ken Research

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The market is expected to reach over $50 Bn by 2027. Asia Pacific is expected to lead the market growth alongside favorable government policies.

• Electric Bike Market projected to reach over $50 Bn by 2027.
• Factors driving growth: policy support, improved infrastructure, environmental awareness.
• Technological advancements making e-bikes more accessible and realistic.
• As per Ken Research estimates, Asia-Pacific market to lead the industry, followed by Europe and North America.

1. Electric Bike Market projected to reach over $50 Bn by 2027.

Global Battery Powered Bike Market

As per statistics, the electric bike market is expected to undergo substantial global growth in the upcoming years. Valued at $35.69 Bn in 2021, it is projected to reach over $50 Bn by 2027, showcasing a remarkable compound annual growth rate (CAGR) of 12.6%.

2. Factors driving growth: policy support, improved infrastructure, environmental awarenes.

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The growth of the electric bike market is influenced by multiple factors, including increasing policy support and the expansion of e-bike sharing programs. Furthermore, there is a notable improvement in cycling infrastructure, particularly in emerging economies and urban regions.

The rising environmental consciousness among individuals seeking eco-friendly transportation alternatives is also contributing to the market's expansion. To foster this trend, several states have introduced tax incentives to enhance the affordability of e-bike purchases. Additionally, recent legislative efforts in the U.S. Congress aim to promote safer bike infrastructure and greater accessibility to e-bikes.

3. What about Regional Outlook?

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The Asia-Pacific market takes the lead in e-bike growth, fueled by improved bike infrastructure in China. Europe sees a rise in e-bike manufacturing, while North America anticipates significant expansion driven by increased e-bike use in bike shares and a pandemic-driven surge in sales. The region has already recorded a remarkable 145% surge in e-bike sales during the 2020 pandemic, which has significantly expanded the e-bike market in the region.

4. What does the Future hold?
The market's growth is anticipated to be propelled by supportive Government initiatives promoting eco-friendly transportation. However, the lack of adequate infrastructure, including dedicated bike lanes and parking facilities, poses a challenge for accommodating the increasing number of e-bikes in urban areas, as highlighted in the report.