Skip to main content

Electric Bike Market to Hit USD 52.36 Billion with 16.0% CAGR by 2028; Introduction of Sparta d-burst, New Speed Pedelec to Consolidate Market: Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Electric Bike Market Key Players Studied in this Report are Giant Bicycles (Taichung City, Taiwan), Energica Motor Company (Modena, Italy), Accell Group (Heerenveen, Netherlands), Robert Bosch GmbH (Gerlingen, Germany), Derby Cycle Holding GmbH (Cloppenburg, Germany), Pedego Electric Bikes (California, U.S.), Panasonic Corporation (Osaka, Japan), Mahindra & Mahindra Ltd. (Mumbai, India), Trek Bicycle Corporation (Wisconsin, U.S.), Bionx International Corporation (Ontario, Canada), Shimano Inc. (Osaka, Japan), VanMoof (Amsterdam, Netherlands).

Pune, India, Sept. 28, 2021 (GLOBE NEWSWIRE) — According to the report, Electric Bike Market size is to hit USD 52.36 billion at CAGR to 16% by 2026. The growing technological innovations coupled with growing cognizance regarding the efficiency, eco-friendliness, and convenience of electric moped can have an excellent impact on the market growth, states Fortune Business Insights, in a report, titled “Electric Bike Market, 2021-2028.” The market size stood at USD 16.86 billion in 2020.

E-bike sales have seen a significant increase, which began before the COVID-19 issue but has accelerated after the pandemic-induced lockdown. According to a report issued by the World Economic Forum (WEF), sales of electric bikes in the U.S. grew by 145% in 2020 compared to 2019. According to the NPD Group, electric moped sales with average selling prices over USD 1,000 grew by 190 percent in June 2020 compared to June 2019. As a result, the epidemic has sped up the demand for electric moped.

By propulsion type, the market is segmented into pedal assist and throttle. The pedal assist segment is expected to hold the largest share of the electric bike market share due to its longer battery life, lower servicing needs, and its ability to switch to five pedal-assist modes.


Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/electric-e-bike-market-102022

Based on battery type, the market is segmented into lead-acid, lithium-ion, nickel-metal hydride, and others. The lead-acid segment is expected to account for a significant share owing to its low cost and easy recycling. Geographically, the market is classified into North America, Europe, Asia Pacific, and the Middle East, and Africa.

The ecology of public transportation includes shared micromobility. As a flexible transportation alternative with minimal operating costs and overhead, shared electric micro-mobility can supplement higher-volume fixed-route transit systems by offering mobility services for numerous trips at a reduced per-traveler price. The North American Bikeshare and Scootershare Association (NABSA) released its annual report on the health of the shared micromobility business in August of 2021.

According to the research, North Americans took 83.4 million journeys in shared micromobility cars in 2020, accounting for more than half of all trips in 2019. Over a third of all journeys were made on e-scooters. Pedal bikes and e-bikes accounted for over two-thirds of all travels. Despite all other trip patterns decreasing, the number of e-bike journeys grew from 7 million to nearly 10 million during the COVID-19 epidemic. As a result, the rising consumer acceptability of UBI will propel this market in the forthcoming years.


Click here to get the short-term and long-term impacts of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/electric-e-bike-market-102022


Rising E-bike Sales to Augment Growth in North America

In 2020, Asia Pacific was worth USD 8.72 billion, with China accounting for the majority of the market share. The dominance is ascribed to factors such as substantial cycling infrastructure in established and emerging nations such as China and Japan, high automobile and public transport congestion, and growing stringency of pollution laws for e-bikes.

The market in Europe is projected to develop significantly. In July 2021, the Heinrich-Böll-Stiftung European Union released the second edition of the European Mobility Atlas. According to the research, electric moped producers and parts are operating in 23 of the EU’s 27 member nations. Roughly 900 small and medium companies (SMEs) employ around 120,000 people and invest more than one billion euros in research and development. The market in North America is also projected to develop rapidly. According to NABSA, the number of bike-share systems that use electric bikes has grown from 28% in 2019 to 44% in 2020. Several cities, including Washington, D.C., New York, and San Francisco, have reduced speed restrictions, blocked automobile lanes, and built dedicated bike lanes. The rise in electric moped sales can be ascribed to these causes.

The Accell Group to Dominate the Market

The Accell Group is a major participant in the electric bike industry. The firm employs roughly 3,100 people in 15 different countries. Furthermore, the company’s motorcycles and associated goods are offered to clients and dealers in over 80 countries.


Quick Buy –  Electric Bike Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102022


Major key Players studied in report:

  • Giant Bicycles (Taichung City, Taiwan)
  • Energica Motor Company (Modena, Italy)
  • Accell Group (Heerenveen, Netherlands)
  • Robert Bosch GmbH (Gerlingen, Germany)
  • Derby Cycle Holding GmbH (Cloppenburg, Germany)
  • Pedego Electric Bikes (California, U.S.)
  • Panasonic Corporation (Osaka, Japan)
  • Mahindra & Mahindra Ltd. (Mumbai, India)
  • Trek Bicycle Corporation (Wisconsin, U.S.)
  • Bionx International Corporation (Ontario, Canada)
  • Shimano Inc. (Osaka, Japan)
  • VanMoof (Amsterdam, Netherlands)


Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/electric-e-bike-market-102022


Global Electric Bike Market Segmentation:

By Propulsion Type:

  • Pedal Assist
  • Throttle

By Battery Type:

  • Lead Acid
  • Lithium-Ion
  • Nickel Metal Hydride

By Geography

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)


Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/electric-e-bike-market-102022


About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.


Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.

Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.