E-bike Charging Station Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

E-bike Charging Station Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of E-bike Charging Station Market

The E-bike Charging Station market size was valued at USD 2.6 billion in 2023, and the market is now projected to grow from USD 2.7 billion in 2024 to USD 3.4 billion by 2032, exhibiting a CAGR of 3.7% during the forecast period of 2024-2032.

The flare-up of pandemic widespread, lockdowns, and the forced limitations, the manufacturing of e-bikes seen a decay. In any case, presently that the lockdown has been lifted in most nations, this market is once more gathering pace owing to the developing request as more individuals are investigating alternatives of travel over open transport. Concurring to industry specialists and producers, such as Lectric e-bike, VanMoof, and Rad Control Bicycle, e-bikes are progressively considered to be a culminate transportation mode as cities are developing from the isolate approaches over the world nourishing the e-bike charging station market growth.

With the expanding notoriety of e-bikes, there are innovative propels within the field of electric bicycles. Associated electric bicycles are such a headway, where the SIM module permits them to get and send data to and from the cloud without a associated smartphone. A few of the fundamental highlights given by the associated electric bicycle incorporate coordinates route, programmed crisis calls, anti-theft frameworks, social media associations, and inaccessible diagnosis. Also, the jolt of bicycles is streamlining end of the of portability through the move from authorized to electric portability.

Governments of different economies are advertising a few endowments up to 80% of the overall cost of the charging framework establishment. In addition, the part of the government in arranging and creating charging framework through participation with the oil and gas industry has boosted the improvement of this showcase. Moreover, cost-cutting measures, such as providing control to a commercial e-bike charging station at lower costs play an imperative part in fueling the showcase development. The government has advance defined a methodology of introducing a charging station each 100 kilometers on the national highway, which may grow the showcase measure within the up and coming a long time.

Comprehensive Analysis Of E-bike Charging Station Market

The market bifurcation of e-bike charging station are sectioned as residential and commercial. The residential part is mostly occupied with the product purchasing. The bifurcation of charger type is fractioned into level 1 and level 2. The level is expected to flourish with the provoked demand for electric bikes. On the infrastructure analysis, the market is fractioned into 2 parts as dockless and dock. On the analysis of batter type the market is fragmented into lithium-ion, lead acid and others. The lithium-ion fragment is viable to dominate the market share.

Asia Pacific is expected to rule out the worldwide e-bike charging station market share owing to the early selection of progressed advances and an esteem valuation of 2.13 billion in this region. The nearness of major players in this region has driven to the improvement of low-cost batteries and cost-effective components required for e-bike charging foundation. China being the biggest producer of electronic components is set to lead to the dominance of the market over the figure period.

The companies working in this market are looking at on developing openings within the western districts counting North America and Europe, as these districts are among the best adopters of electric sort of bicycles. Key commerce procedures in this advertise incorporate forward/backward integration, mergers, organization, and securing government/private tenders. The market is consolidated with players such as SemaConnect (U.S.), LG Chem (South Korea), Swiftmile (Germany), FreeWire Technologies (U.S.), Samsung SDI (Korea), Circontrol (Spain), GetCharge Inc. (U.S.) and among others.

Within the month of October 2020, the company Swiftmile presented its solar fueled e-bike charging station. The company plans to prepare charging stations in different creating cities within the U.S. and Europe. The plan was propelled to supply an eco-friendly and socially removed alternative for short trips around the base, in this manner diminishing activity within the range.

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2017-2028

Base Year

2020

Forecast Period

2021-2028

Historical Period

2017-2019

Unit

Value (USD Million)

Segmentation

By Type

Residential

Commercial

By Charger Type

Level 1

Level 2

By Infrastructure Type

Dock

Dockless

Battery Type

Lithium-ion

Lead-Acid

Others

By Geography

North America (U.S., Canada, and Mexico)

Europe (U.K., Germany, France and Rest of Europe)

Asia-Pacific (Japan, China, India, South Korea and Rest of Asia- Pacific)

Rest of the WorldPlease Note: It will take 5-6 business days to complete the report upon order confirmation.