Electric Bike Market Size, Share Global Forecast 2022-2028

The global electric bike market size was valued at USD 26.44 billion in 2021 and is poised to grow at a significant CAGR of 12.2% during the forecast period 2022-28. E-Bikes are a speedier and safer form of transportation, particularly for everyday commuting. The use of e-Bikes is encouraged by governments worldwide. Many governments are organizing awareness campaigns to promote e-Bikes in partnership with for-profit and non-profit organizations. Reducing the carbon dioxide emission rate is the ultimate objective of such operations. Governments in many nations are providing subsidies to encourage the sale of e-bikes. For instance, the E-Bike Act, which would offer a tax credit of up to USD 1,500 on purchasing an e-Bike, is one of the new tax incentives in San Diego. Therefore, these government-sponsored initiatives and supporting activities would promote the purchase of e-Bikes.

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Lithium-ion Batteries Segment to Dominate the Electric Bike Market
The lithium-ion batteries segment is expected to account for a larger revenue share in the global electric bikes Market, with a value share worldwide. It is projected to grow at a 11.3% CAGR between 2022 and 2028. A report issued by the European Commission predicted that the price of lithium-ion batteries will continue to decline over the coming years, with costs estimated to drop by almost 70% by 2030. These batteries are also anticipated to benefit from features including high performance, high charge density, high charging-discharging efficiency, and low weight.

The global electric bike market segmentation:

By Propulsion Type: Pedal Assisted, Throttle-assisted (Power-on-demand)
By Application: City/Urban, Trekking (E-mountain Bikes/E-MTB), Cargo
By Battery Type: Lithium-ion Battery, Lead-acid Battery
By Power: Less than and Equal to 250W, Above 250W
Europe Electric Bike Market
The Europe market is expected to increase in the global electric bikes Market over the forecast period. It is projected to grow at a CAGR of 10.8% in the coming years. Germany, France, and Italy dominate the European e-bike market. The revolutionary nature of the product, fully integrated batteries and drives, appealing designs, and the use of premium materials are some of the main reasons influencing e-bike sales. Germany's e-bike and bicycle sectors have seen tremendous growth in recent years, and in past years they saw the most significant volume growth and revenue growth.

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Key players’ profiles in the electric bike market report are Accell Group, Derby Cycle, Fuji-ta Bicycle Co., Ltd., Giant Manufacturing Co., Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., Mahindra & Mahindra Ltd. (GenZe), Prodecotech, LLC, Tianjin Golden Wheel Group Co., Ltd., Trek Bicycle Corporation, Yamaha Motor Co. Ltd.

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