Electric Bike Market Size

Electric bikes market was valued at usd 18 62 billion in 2019 and is projected to reach usd 26 41 billion by 2027 growing at a cagr of 4 82 from 2020 to 2027.

Electric bike market size.

Electric bikes market size and forecast. The global electric bike e bike market size was usd 10 05 billion in 2019 and is projected to reach usd 10 90 billion by 2027 exhibiting a cagr of 8 4 during the forecast period. Available in one size and as a. E bike commonly known as an electric bicycle is a bike with an integrated electric motor aligned to the bicycle pedals which supplies differential force used for the forward movement of the bicycle.

As electric bike options continue to expand brands are integrating the batteries more seamlessly which makes the bike look sleeker and more like a real bike. 21 2020 globe newswire the global electric bike market size is set to gain impetus from the rising trend of the bike sharing mode of transportation. What is the market size share of electric bike. The latest survey on global electric bikes market is conducted covering various organizations of the industry from different geographies to come up with a 100 page report.

A class i electric bike is equipped with a motor that provides assistance only when the rider is pedaling and stops assisting. When i had to return this electric bike 9 10 wired recommends i almost cried the tiny but powerful custom motor and slim battery are integrated into the frame so it doesn t even look like an. The electric bike market has been analysed with respect to segments such as product type battery type technology and region. Press release electric bike market size is determined to cross a value of 10030 million by 2025 published.

July 2 2020 at 12 40 a m. The global electric bikes market generated revenue worth 16 344 million in 2017 and is projected to reach 23 831 million by 2025 to register a cagr of 4 9 during the forecast period 2018 2025. The global e bike market is projected to grow at a cagr of 9 01 during the forecast period to reach usd 38 6 billion by 2025 from an estimated usd 21 1 billion in 2018 class i electric bike is estimated to be the largest segment in the global electric bikes market. The electric bikes majorly use li ion chargeable battery and have a maximum of 99 4 miles 160 km in one single charge.