Global E-bike Market 2024-2028
The e-bike market is forecasted to grow by USD 21.16 bn during 2023-2028, accelerating at a CAGR of 8.72% during the forecast period. The report on the e-bike market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing sustainability and environmental concerns, the declining cost of Li-ion batteries, and the presence of government initiatives and the availability of subsidies.
Technavio's e-bike market is segmented as below:
By Battery Type
- SLA batteries
- Li-ion batteries
By Propulsion
- Pedal assist
- Throttle assist
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the popularity of connected e-bikes as one of the prime reasons driving the e-bike market growth during the next few years. Also, strategic initiatives of market players and the development of technologically advanced and lightweight e-bikes will lead to sizable demand in the market.
The report on the e-bike market covers the following areas:
- E-bike market sizing
- E-bike market forecast
- E-bike market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading e-bike market vendors that include Accell Group NV, Avon Cycles Ltd., BH BIKES Europe SL, Cortina Bikes, Giant Manufacturing Co. Ltd., Greenwit Technologies Ltd., Hero Cycles Ltd., Hero Ecotech Ltd., Kalkhoff Werke GmbH, Klever Mobility Europe GmbH, myStromer AG, PEDEGO Inc., PIERER Mobility AG, Riese and Muller GmbH, SCOTT Sports SA, SHIMANO INC., Trek Bicycle Corp., TVS Motor Co. Ltd., Yamaha Motor Co. Ltd., and Zhejiang Luyuan Electric Vehicle Co. Ltd.. Also, the e-bike market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.