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E-Bike Market worth $70.0 billion by 2027

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E-Bike Market worth $70.0 billion by 2027

February 05
02:24 2021
E-Bike Market worth $70.0 billion by 2027

E-Bike Market
E-bikes are considered a safe, convenient, and affordable alternative to public transportation. Most countries are working toward boosting the usage of e-bikes through both subsidies and regulatory changes to reduce the stress on public transportation systems.

According to the new market research report E-Bike Market by Class (Class-I, II & III), Battery (Li-Ion, Li-Ion Polymer, Lead Acid), Motor (Mid, Hub), Mode (Throttle, Pedal Assist), Usage (Mountain/Trekking, City/Urban, Cargo), Speed (, Published by MarketsandMarkets™, The global Electric Bike Market size is projected to grow to USD 70.0 billion by 2027 from USD 41.1 billion in 2020, at a CAGR of 7.9%.

Government support and initiatives to increase the sale of e-Bike would drive the global e-Bike industry.

Browse in-depth TOC on “E-Bike Market”

133 – Tables
54 – Figures
184 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=110827400

The mountain e-Bike segment is estimated to hold the largest share in the E-Bike Market by 2027

Till 2024, the city Electric Bike Market is expected to be the largest, by usage, globally. However, the popularity of mountain e-bikes is increasing due to their robustness and suitability for mountain/trekking as well as commuting for work and shopping. Therefore, from 2025, mountain/trekking bikes’ demand is expected to be greater than the city/urban e-bikes.

Cargo and folding electric bikes are expected to be the fastest-growing market segment.

Technological advancements and innovative designs have resulted in the introduction of folding and fat-tire e-bikes, which are visually attractive and appealing. The folding e-bikes are flexible, compact, and lightweight. They can be folded while travelling in metros and subways. Therefore, the market for folding and fat-tire e-bikes is expected to grow at a significant rate.

Asia Pacific: The largest E-Bike Market

In the Asia Pacific, China was the largest market for e-bikes in 2019, followed by Japan, India, South Korea, and Taiwan. The COVID-19 pandemic has boosted the sale of e-bikes in countries such as Japan, India, South Korea, and Taiwan, resulting in a sale increase of 13%, 54%,34%, and 21%, respectively in 2020 compared to 2019. However, China is estimated to witness a decline in e-bike sales in 2020 by ~2% due to new regulations on e-bikes introduced by the government, which will increase their cost. Despite the decline in sales, China is still expected to lead the Asia Pacific E-Bike Market during the forecast period.

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The E-Bike Market is dominated by global players and comprises several regional players as well. The key players in the e-Bike industry are Accell Group N.V. (Netherlands), Pon. Bike (US), Merida Industry Co., Ltd. (China), Giant Manufacturing Co., Ltd. (Taiwan), and Yamaha Motor Corporation (Japan).

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Electric Powertrain Market by Component (Motor, 12V, HV/48V Battery, BMS, 48V ISG, Controller, PDM, DC/AC Inverter, DC/DC Converter & Others), Type (BEV, MHEV, Series, Parallel & Parallel-Series), Vehicle Type, and Region – Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge store” connects over 200,000 markets and entire value chains for a deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/electric-bike-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com 

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/electric-bike-market-110827400.html

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