E-bike Market Overview
The e-bike market was valued at USD 23.89 billion in 2020 and is expected to reach USD 47.68 billion by 2026, growing at a CAGR of 12.27% during the forecast period, 2021-2026. The report also covers a detailed study on the e-bike manufacturers and components suppliers globally. With the increasing consumer’s preference towards recreational and adventure activities, the adoption of e-bike applications in several sectors, like logistics and e-bike rental services, is expected to drive the market. Some of the major factors driving the sales of the e-bike market are the innovative nature of the product, fully integrated batteries and drives, appealing designs, as well as the use of high-quality materials.
Geographical Overview
Asia-Pacific is expected to dominate the global e-bike market.
In the Asia-Pacific region, China led the regional market. The largest consumption of electric bikes was in China, which boosted the sales figure, thus influencing the growth of the global market for electric bikes. Some of the major reasons considered for adopting e-bikes are the health benefits, environmental benefits, reduction in expenditure, avoidance of traffic congestion, and the increase in demand for e-bikes as sports equipment among the youth.
Key Highlights of the Market
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List of Key Players in the E-bike Market
E-bike Manufacturers
Component Suppliers
Mordor Intelligence has segmented the global e-bike market on the basis of propulsion, application, battery type, power, and geography:
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