Global Electric Bicycles Market Overview:
An electric bicycle, also known as an e-bike or booster bike, is a bicycle with an integrated electric motor that can be used for propulsion. This is fueled by a chargeable battery, which can give a ride an extra boost of power. The dramatic improvements in electrical bicycle technologies and capabilities and the rapid growth of electric bicycles in recent years. E- bikes are equipped with an electric motor that provides assistance to rider. They have a wide variety of advantages, including: electric bicycles are fast and flexible; e-bikes can improve fitness; they assist with the biking process; e-bikes are environmentally friendly, etc. foldable electric bicycle were becoming more popular.
As per latest study released by AMA Research, the Global Electric Bicycles market is expected to see growth rate of 10.8% and may see market size of USD55580.0 Million by 2028.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increased adoption of E mountain bike
Market Growth Drivers:
Increasing concern about environmental sustainability. and Growing consumer preferences and shift towards tech-savvy products.
Challenges:
Traditional bicycle remains popular and affordable option for many consumers
Restraints:
High-cost price of electric bicycles and Lack of widespread and convenient charging infrastructure for electric bicycle
Opportunities:
Increasing performance of range and battery.
Competitive Landscape:
The electric bicycle market is highly competitive. Competition among existing players is due to the stiff market share occupied by leading players. The companies are implementing strategic activities such as acquisition and mergers along with collaboration with companies in other industries to help them in improving sustenance and maintaining their competitive advantages.
Some of the key players profiled in the report are Sondors Inc (United States), Karbon kinetics Ltd (United Kingdom), Greyp (Singapoore), Pro Tech (United States), Jiangsu Xinri E- vehicle co, Ltd (China), e- totem (France), alter ego bikes (Canada), Benelli Q.J (Italy), Yadea Technology group co, Ltd (China), Moustache Bikes (France), Efocus Instrument India private limited (India), Wayscral (India), Ego movement (Germany), Haibike (United States), Fully charged limited (United Kingdom), Momentum electric (United States) and Dongguan tailing electric vehicle co, Ltd. (China). Additionally, following companies can also be profiled that are part of our coverage like Bionx (Canada), Kalkhoff works (Germany), Merida bikes (China), e-BikeGO (India) and Serial 1 (United States). Considering Market by Type, the sub-segment i.e. Pedal Assist or Pedelec Electric will boost the Electric Bicycles market. Considering Market by Style , the sub-segment i.e. Cruiser will boost the Electric Bicycles market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Electric Bicycles market. Considering Market by Battery Type , the sub-segment i.e. Lithium- Ion will boost the Electric Bicycles market. Considering Market by Battery Range, the sub-segment i.e. 250- 350 W will boost the Electric Bicycles market.
Latest Market Insights:
In September 2023, evolving sports distribution parent has acquired MTF enterprises limited. In this acquisition will be offering exclusive trade deals on the product range and the range will complement the company’s broader outdoor leisure offering that includes Ezy roller go karts and AM cargo bikes. and In November 2023, LEV Manufacturing Inc., which specializes in lightweight electric vehicles and Lane VC has acquired serial 1cycle company. The acquisition will enhance Serial 1 operations with its USA-Based E-Production, Service and Support.
In February 2023, heybike has launched Tyson, latest and most advanced e-bike model yet. Made from magnesium alloy with sleek, seamless lines, Tyson is designed with a maximum speed of 28mph, hydraulic front fork suspension and disc brakes, Tyson is built to offer riders a smooth and safe experience. and In January 2023, eBikeGo has launched the e- bike transil e1. Transil is the B2C vertical of eBikeGo which aims to produce modern, effective and sustainable consumer products.
What Can be Explored with the Electric Bicycles Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Electric Bicycles Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Electric Bicycles
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electric Bicycles market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Electric Bicycles market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Supplier, Manufacturer, Research organization, Government regulatory, End User Industries, Venture Capitalists and Private Equity Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.