E-Bike Market Increasing at A Phenomenal Pace to Reach more than USD 52.18 Billion by 2028

Major companies in e-bike market are Yamaha Motor Corporation, Giant Manufacturing, Merida Industry Co. Ltd., Riese & Müller GmBH, Fritzmeier Systems GmbH & Co. KG and Accell Group amongst others. These players are set to bolster the development of global e-bike market.

According to analysts at Zion Market Research, the global e-bike market accounted for more than USD 22.08 Billion in 2020 and is expected to reach more than USD 52.18 Billion by 2028, growing at a CAGR of 11.4% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “E-bike Market by Type (Pedal Assisted and Throttle Assisted), by Usage (Mountain/Trekking, Urban/City and Cargo), by Battery Type (Lithium-ion battery and Lead Acid Battery), by Power (Less than equal to 250W, above 250W): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Associated Sustainable and Health Benefits to Spur Growth

“E-bikes are fast and flexible, support assisted biking, help improve fitness, sustainable and thus are being considered as the future of transportation,” says the author of this study. Apart from this, electric bikes are a versatile, eco-friendly, flexible and trendy mode of transport and smart substitutes public transportation and cars, factors which can boost the e-bike market trends in the future. Additionally, factors such as favorable government laws and regulations, as well as an increase in subsidies to promote the manufacture of e-bikes are also expected to boost the market

E-bike Popularity In The Region Support European Dominance

Regionally, Europe has been leading the worldwide e-bike market and is anticipated to continue on the dominant position in the years to come, states the e-bike market study. E-bikes are widely popular in Europe, particularly in Germany and Netherlands, are a preferred mode of commute and thus represent one of the fastest growing segments in the transport market in Europe.

Browse the full “E-bike Market by Type (Pedal Assisted and Throttle Assisted), by Usage (Mountain/Trekking, Urban/City and Cargo), by Battery Type (Lithium-ion battery and Lead Acid Battery), by Power (Less than equal to 250W, above 250W): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/e-bike-market

The global e-bike market is segmented as follows:

By Type

• Pedal Assisted
• Throttle Assisted

By Usage

• Mountain/Trekking
• City/Urban
• Cargo

By Battery Type

• Lithium-ion Batter
• Lead Acid Battery

By Power

• Less than equal to 250W
• Above 250W
• Lead Acid Battery

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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