E-Bike Market to Reach $65.83 Billion Globally by 2030 at a CAGR of 9.5%: Allied Market Research

Positive government regulations and policies to encourage the use of e-bikes, rising fuel costs, and growing interest in cycling as a fitness and leisure activity are driving the growth of the global e-bike market. electric bicycles.

PORTLAND, Oregon., January 13, 2022 /PRNewswire/ — Allied Market Research has released a report titled, Electric bike market by motor type (hub motor and mid-drive), battery type (lead-acid, lithium-ion (Li-ion) and others), application (sports, fitness and commuting), consumption segment (urban and rural) , and Output Power (250W and Less than 250W and Above 250W): Global Opportunity Analysis and Industry Forecast, 2020-2030. » According to the report published by Allied Market Research, the global electric bicycle market was estimated at $24.30 billion in 2020 and is expected to reach $65.83 billion by 2030, registering a CAGR of 9.5% from 2021 to 2030.

Allied Market Research Logo

Drivers, constraints and opportunities –

Positive government regulations and policies to encourage the use of e-bikes, soaring fuel costs and growing interest in cycling as a fitness and leisure activity are fueling the growth of the global bicycle market electrical. On the other hand, the high cost of purchasing and maintaining electric bicycles and the ban on the use of electric bicycles in major cities in China limit growth to some extent. Nonetheless, improving cycling infrastructure and battery technology and the rise of connected e-bikes should pave the way for lucrative opportunities in the future.

Download the report (PDF of 363 pages with information, graphs, tables, figures) at https://www.alliedmarketresearch.com/request-sample/12130

COVID-19 scenario-

  • The outbreak of the pandemic led to a sharp drop in e-bike sales, especially in the first phase of the lockdown, as most bike shops were closed during this period.

  • Nevertheless, the pandemic has changed the way people travel and cycling has become even more popular around the world. As restrictions have been eased in many countries, the sale of e-bikes has also increased significantly. In this way, the pandemic has had a mixed impact on the global e-bike market.

Customization request at https://www.alliedmarketresearch.com/request-for-customization/12130

The mid-size vehicle segment will dominate by 2030-

By motor type, the mid-drive segment held the largest share in 2020, accounting for approximately half of the global e-bike market, and is expected to lead by the end of 2030. The same segment would also cite CAGR 11.4% fastest throughout the forecast period, due to factors such as hassle-free installation and better performance.

The lithium ion (Li-ion) segment to retain the lion’s share-

By battery type, the lithium-ion (Li-ion) segment contributed 91% of the total e-bike market revenue in 2020 and is expected to dominate by 2030. The same segment would also show the fastest CAGR of 10 .4% during the forecast. period. This is attributed to their light weight and large capacity. Moreover, the decline in prices in recent years has been beneficial for the growth of the segment.

Interested in getting the data? Find out here at https://www.alliedmarketresearch.com/purchase-enquiry/12130

Asia Pacific, followed by Europe and North America, held most of it in 2020-

By region, Asia Pacific held the highest market share in 2020, capturing around two-thirds of the global e-bike market. This is due to the increase in initiatives for environmentally friendly vehicles and bicycles and the development of related infrastructure by several governments such as India. The LAMEA market, on the other hand, would show the fastest CAGR of 14.0% from 2021 to 2030, thanks to a series of initiatives taken by private companies, local governments and federal officials to promote the adoption of electric vehicles in this region.

Key Industry Players-

  • CSE EV GROUP CO LTD

  • Fuji-ta Bicycle Co Ltd

  • Giant Manufacturing Co.Ltd

  • Merida Industry Co, Ltd

  • Yamaha Motor Corporation, United States

  • Accell Group SA

  • dutch royal gazelle

  • derby cycle

  • Trek Bicycle Corporation

  • Yadea Group Holdings Ltd.

Schedule a FREE consultation call with our analysts to find a solution for your business at https://www.alliedmarketresearch.com/connect-to-analyst/12130

Similar reports we have on the electric vehicle industry:

Electric Bicycle Market by Product (Pedelecs, Speed ​​Pedelecs, Throttle on Demand and Scooter and Motorcycle), Drive Mechanism (Hub Motor, Mid Drive and Others) and Battery Type (Lead Acid, Lithium Ion) (Li-ion), and Others): Global Opportunities Analysis and Industry Forecast, 2020-2030.

Fuel Cell Bicycle Market by Drive Mechanism (Hub Motor, Mid Drive and Others), Battery Type (Lead Acid, Lithium-Ion (Li-ion), Nickel Metal Hydride (NiMh) and Others ): Global Opportunities Analysis and Industry Forecast, 2021-2030.

Solar Electric Bicycle Market by Product Type (Pedelecs, Throttle on Demand and Scooter and Motorcycle), Drive Mechanism (Hub Motor, Mid Drive and Others), Battery Type (Lead Acid, Lithium Ion (Li -ion), Nickel Metal Hydride (NiMh) and Others: Global Opportunities Analysis and Industry Forecast, 2021-2030.

Electric Cargo Bike Market by Product Type (Two-Wheel, Three-Wheel, and Four-Wheel), Battery Type (Lithium-Ion, Lead-Based, and Nickel-Based), and End-Use (Courier and Parcel Service Providers) , Service Delivery, Personnel Utilization, Large Retail Providers, Municipal Waste Management Services and Others): Global Opportunities Analysis and Industry Forecast, 2021-2030.

One Wheel Electric Scooter Market by Product Type (Electric Unicycle and Electric One Wheel Hoverboard), Application (Off-Road Activities and Commuting), Sales Channel (Online Sales and Offline Sales) and Speed ​​Limit (Kmh) ) (20 Kmh – 30 Kmh, 30 Kmh – 50 Kmh and Over 50 Kmh): Global Opportunities Analysis and Industry Forecast 2020-2030.

Electric Scooters Market by Battery Type (Sealed Lead Acid (SLA), Lithium-ion (Li-Ion) and Others) and Voltage (Less than 25V, 25V to 50V and More than 50V): Market Analysis Global Opportunities and Industry Forecast, 2021–2030.

Electric Scooters and Motorcycles Market by Vehicle Type (Electric Scooter/Moped and Electric Motorcycle), Product Type (Retro, Standing/Self-Balanced, and Folding), Battery (Sealed Lead-Acid and Lithium-Ion), Travel Distance ( below 75 miles, 75 to 100 miles and over 100 miles), technology (plug-in and battery), voltage (36V, 48V, 60V and 72V) and vehicle category (economy and luxury): Global Opportunities Analysis and Industry Forecast, 2021-2030.

About Us

Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, OR. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. CEO of Allied Market Research Pawan Kumar is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
United States/Canada (Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
hong kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
the Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
follow us on | Facebook | Twitter | LinkedIn |

Quote

Quote

View original content: https://www.prnewswire.com/news-releases/electric-bicycle-market-to-reach-65-83-billion-globally-by-2030-at-9-5-cagr-allied – market-research-301460264.html

SOURCE Allied Market Research

Back To Top