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E-Bikes Market Top Manufacturers, Technology Scope, Demands, Global Size, Share and User Trends 2022 – 2030

Aug 24, 2022 6:00 AM ET

E-Bikes Market Top Manufacturers, Technology Scope, Demands, Global Size, Share and User Trends 2022 – 2030

Market overview

The E-bike market is expected to register a CAGR of 7.89% for the 7 years between 2020 and 2027. The market was worth USD 38.15 billion in 2020. It is expected to be worth USD 72.73 billion in 2027.

E-bikes have been selling like hotcakes in recent years. The reason for this is that they are a great solution to the constant gridlock and congestion that characterizes most urban areas around the world. They’re electric-powered and contain all of the components that regular bikes do. E-bikes just have more technological features because they’re more technologically advanced.

E-bikes are also battery-powered. They have some components that regular mechanical bikes don’t. These include a motor and a controller. 

You can either pedal them by foot or use a battery to make their motors run. There are three types of batteries that are used with these E-bikes.

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Segment overview

By market

This segment can be grouped into the following sub-segments:

  • The European Union
  • North America

E-bike manufacturers in these two regions are channeling most of their time, resources, and energy into manufacturing mid-motors E-bikes. There’s a reason for this. These types of bikes it’s simply less expensive and easier to make these types of bikes. Mid-motors E-bikes tend to be smaller and more lightweight than other types of E-bikes. They are also more energy-efficient (rely on battery power less.) Finally, they can travel for longer distances.

Key Players

  • Accell Group N.V.
  • Pon Bike
  • Merida Industry Co. Ltd
  • Giant Manufacturing Co. Ltd
  • Yamaha Motor Corporation

By propulsion type

This segment can be grouped into:

  • Pedal-assisted E-bikes

This sub-segment had the largest market share.

By application type

This segment can be grouped into:

  • city/urban E-bikes

This sub-segment has the largest market share.

Regional analysis

The global E-bike market can be grouped into these geographic regions:

  • Asia-Pacific
  • The European Union
  • North America

The Asia-Pacific region has the largest market share in the global E-bike market. China, in particular, has the greatest number of E-bikes out of all the countries in the world! The European Union comes in second place. The nations in this union currently account for 39% of the market share for the global E-bike market.

Germans use E-bikes the most. They are followed by the French and Italians. In fact, Germans prefer to commute to different places on E-bikes because they’re fast, reliable, and burn energy cleanly.

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Industry news

  • Riese and Mueller business recently expanded its portfolio of E-bikes. It’s also aggressively targeting major metros in America.
  • Cannondale recently launched a new model of commuter E-bikes.
  • Merida recently launched three E-bikes which are faster, more efficient, and burn energy much cleaner!
  • Pon bikes is a major manufacturer of E-bikes. They make their money by selling specialty and regular E-bikes to different nations around the world. Their customers are located in the following nations:
    • China
    • Australia
    • Hong Kong
    • Taiwan
    • The United States of America
    • The United Kingdom
    • Canada
    • The Netherlands
  • Shimano recently launched a new and innovative E-bike in the global E-bike market. This new model can ride smoother and faster. It also rides safer and it emits fewer polluting particles when doing so!

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