DUBLIN--(BUSINESS WIRE)--The "Electric Bike Market by Product Type, by Drive Mechanism, By Battery Type - Global Opportunity Analysis and Industry Forecast, 2021 - 2030" report has been added to ResearchAndMarkets.com's offering.

The Global Electric Bike Market size was valued at USD 15.92 billion in 2020 and is predicted to reach USD 30.52 billion by 2030, with a CAGR of 7.17% from 2021-2030.

Companies Mentioned

  • Accell Group
  • Trek Bicycle Corporation
  • Derby Cycle
  • Fuji-ta Bicycle Co., Ltd
  • Jiangsu xinri e-vehicle Co., Ltd.
  • Giant Manufacturing Co., Ltd.
  • Bionx International Corporation
  • Mahindra & Mahindra Ltd. (GenZe)
  • Tianjin Golden Wheel Group Co., Ltd.
  • Prodecotech, LLC

An electric bike is a vehicle mostly scooter or bicycle which uses electric motor for propulsion and its working. These electric bikes consist of pedals, buttons and sensors which also reduces the need for pedalling. Electric bikes are also known as E-bikes, which comprises of different batteries and capacity, depending on their size and use. The increasing demand of eco-friendly vehicles, rising pollution and stringent environmental policies are expected to propel the market growth of electric bike market. The other factors include inclination towards healthy-lifestyles, growing fitness trend, and increasing preference of recreational activities are expected to supplement the growth of electric bike market. However, high-cost of e-bikes, low battery capacity and higher maintenance requirements, are expected to impede the growth of global electric bike market during the forecast period.

The global electric bike market share has been analyzed based on product type, drive mechanism, battery, and geography. Based on product type, the market is segmented into pedelecs, throttle on demand, and scooter & motorcycle. Based on drive mechanism, the market is divided into hub motor, mid drive, and others. Based on battery, the market is fragmented into lead acid, lithium ion, nickel-metal hydride (NiMH), and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

North America region is expected to grow with the highest CAGR values in the global electric bike market, accounting for a moderate market share, throughout the forecast period. This is due to higher adoption of e-bikes, stringent emission standards, and higher inclination towards fitness-oriented culture in this region.

Asia Pacific dominated the global electric bike market, but this trend is expected to slowly change during the forecast period due to ban of e-bikes in certain regions of China. Moreover, growing fitness trend, presence of key manufacturers, and increasing consumer awareness towards eco-friendly transport solutions are to boost the growth of electric bike market in coming future.

Key Topics Covered:

1. Introduction

2. Market Snapshot, 2019-2030 Million Usd

3. Porter's Five Force Model Analysis

4. Market Dynamics

4.1. Growth Drivers

4.2. Challenges

4.3. Opportunities

5. Global Electric Bike Market, by Product Type

5.1. Overview

5.2. Pedelecs

5.3. Throttle on Demand

5.4. Scooter & Motorcycle

6. Global Electric Bike Market, by Drive Mechanism

6.1. Overview

6.2. Hub Motor

6.3. Mid Drive

6.4. Others

7. Global Electric Bike Market, by Battery Type

7.1. Overview

7.2. Lead Acid

7.3. Lithium Ion

7.4. Nickel-Metal Hydride (Nimh)

7.5. Others

8. Global Electric Bike Market, by Region

8.1. Overview

8.2. North America

8.3. Europe

8.4. Asia-Pacific

8.5. Rest of World

9. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/shyzhx

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900