PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567143
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567143
The global E-Bike market is estimated to be valued at US$ 32.04 Bn in 2024 and is expected to reach US$ 76.98 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 13.3% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 32.04 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 13.30% | 2031 Value Projection: | US$ 76.98 Bn |
The global e-bike market has been witnessing steady growth in the past few years backed by increasing concerns over traffic congestion and environmental pollution. E-bikes offer a feasible transportation alternative that helps reduce dependence on fossil fuel-based vehicles. They provide the flexibility of a conventional bicycle along with electric power assistance. Governments across countries are promoting the usage of e-bikes by offering purchase incentives and developing necessary infrastructure like bike lanes. With technological advancements improving efficiency and lowering costs, the demand for e-bikes is expected to grow substantially in the coming years.
The global e-bike market is driven by rising environmental concerns, increasing health awareness, and favourable government policies promoting eco-friendly mobility. However, high initial costs remain a key restraint for widespread adoption. Innovations aimed at improving designs, enhancing pedal power assistance capabilities, and implementing regenerative braking systems are also expanding the addressable market size. Meanwhile, insufficient public charging infrastructure in certain areas poses a challenge to be overcome by industry stakeholders and municipal bodies.
This report provides in-depth analysis of the global e-bike market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global e-bike market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Accell Group NV, Aima Technology Group Co. Ltd, BIONX International Corporation, Bosch, Canyon Bicycle, Derby Cycle Holding GmbH, Giant Manufacturing Co., Ltd., Kalkhoff Werke GmbH, Merida Industry Co. Ltd, Prodeco Technologies LLC, Rad Power Bikes, Riese & Muller, Robert Bosch GmbH, Trek Bicycle Corporation, and Yamaha Motor Group
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global e-bike market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global e-bike market
Detailed Segmentation-