E-bikes Market to be Worth $52.37 Billion by 2030 at CAGR of 13.5%: Grand View Research, Inc.

SAN FRANCISCO, April 20, 2022 /PRNewswire/ -- The global e-bikes market size is anticipated to reach USD 52.37 billion by 2030, growing at a CAGR of 13.5% over the forecast period, according to a new report published by Grand View Research, Inc. Electric bikes are considered an eco-friendly and flexible mode of transportation. They are an ideal substitute for public transport, scooters, and smart cars as they help avoid traffic jams and achieve high speed with minimal effort. Moreover, they enable riders to maintain a healthy lifestyle through increased physical activity. These factors are contributing to the growth of the global market.

Key Insights & Findings from the report:

• The pedal-assisted segment is expected to dominate the market over the forecast period owing to the rising demand for pedal-assisted e-bikes among the youth and elderly population.
• The lead-acid battery segment dominated the market with a 45.5% market share in 2021, owing to benefits such as low cost and robustness. However, the share is anticipated to decline as a result of a significant rise in demand for Li-ion batteries.
• The Asia Pacific is expected to become the largest regional market over the forecast period owing to significant investments in the vehicle charging infrastructure and government subsidies for battery-powered vehicles.

Read 120-page market research report, "E-bikes Market Size, Share & Trends Analysis Report By Propulsion Type (Pedal-assisted, Throttle-assisted), By Battery Type, By Power, By Application, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

E-bikes Market Growth & Trends

The declining consumer inclination toward cars owing to increased traffic on streets and growing urbanization is expected to offer lucrative growth opportunities for the market across the globe. Additionally, governments of several countries, including India, U.K., and Canada, are focused on developing infrastructures for bicycles owing to the growing consumer preferences for electric bikes. For instance, in 2017, Bikeep, a commercial bike parking systems and bike racks manufacturer, introduced a smart bicycle rack solution that offers electric bicycle charging. The solution is designed to cater to various popular electric bicycles.

Key players in the market are focused on strategies such as new product launch and geographic expansion to enhance their business operations and product offerings. For instance, in October 2020, Giant Manufacturing Co. Ltd. announced the launch of a full-composite trail bike, Trance X Advanced Pro 29. The bike is equipped with an updated Maestro rear suspension and flip-chip feature that permits riders to modify the frame geometry. Similarly, in October 2020, Pedego Electric Bikes opened a new store in Boca Raton, Florida. The store offers a full range of electric bikes for rental and sale, along with related accessories and services.

E-bikes Market Segmentation

Grand View Research has segmented the global e-bikes market based on propulsion type, battery type, power, application, and region:

E-bikes Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)

• Pedal-assisted
• Throttle-assisted

E-bikes Battery Type Outlook (Revenue, USD Million, 2018 - 2030)

• Lithium-ion Battery
• Lead-acid Battery

E-bikes Power Outlook (Revenue, USD Million, 2018 - 2030)

• Less Than or Equal to 250W
• Above 250W

E-bikes Application Outlook (Revenue, USD Million, 2018 - 2030)

• City/Urban
• Trekking
• Cargo
• Others

Self-injection Devices Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Netherlands
• Asia Pacific
• China
• Japan
• India
• Latin America
• Brazil
• Mexico
• Middle East & Africa

List of Key Players in the E-bikes Market

• Pedego Electric Bikes
• Yamaha Motor Company
• Aima Technology Group Co. Ltd.
• Merida Industry Co. Ltd.
• Trek Bicycle Corporation

Check out more related studies published by Grand View Research:

• Micro-mobility Charging Infrastructure Market - The global micro-mobility charging infrastructure market size is expected to reach USD 16.64 billion by 2028, registering a CAGR of 23.4% from 2021 to 2028, according to a new report by Grand View Research, Inc. Increasing awareness about green transportation modes is expected to propel the adoption of Micro-mobility across the globe.
• Electric Vehicle Charging Infrastructure Market - The global electric vehicle charging infrastructure market size is expected to reach USD 144.97 billion by 2028 registering a CAGR of 33.4% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The significant market growth is primarily due to the rising number of initiatives undertaken by both public as well as private sectors to encourage the population to switch to EVs. As a result, the demand for EV charging infrastructure is expected to grow significantly.
• Two Wheeler Hub Motor Market - The global two wheeler hub motor market size is expected to reach USD 16.9 billion by 2027, expanding at a CAGR of 9.7%, according to a study conducted by Grand View Research, Inc. Increasing demand for electric two-wheelers and stringent government regulations for reducing the carbon footprint is projected to market growth.

Browse through Grand View Research's Automotive & Transportation Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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