Electric Bike Market Size

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.

Electric bike market size.

Available in one size and as a. The electric bike market registers demand from product types such as electric scooter electric motorcycle and pedelec. 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.

A class i electric bike is equipped with a motor that provides assistance only when the rider is pedaling and stops assisting. What is the market size share of electric bike. By battery type it includes li ion nimh and lead based batteries. 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.

July 2 2020 at 12 40 a m. It helps in surging the. 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. The electric bike market has been analysed with respect to segments such as product type battery type technology and region.

The electric bikes majorly use li ion chargeable battery and have a maximum of 99 4 miles 160 km in one single charge. Press release electric bike market size is determined to cross a value of 10030 million by 2025 published. 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. Electric bikes market size and forecast.