Electric Bike (E-Bike) Market Growth Trends & Statistics by 2026

November 17 12:30 2021
Electric Bike (E-Bike) Market Growth Trends & Statistics by 2026
Electric Bike (E-Bike) Market
E-Bike Market by Battery Type (Li-Ion, Lead Acid, Li-Ion Polymer), Mode (Throttle, Pedal Assist), Motor Type, Usage (Mountain/Trekking, City/Urban, Cargo), and Region

According to the new market research report Electric Bike Market by Class (Class-I, II & III), Battery Type (Li-Ion, Li-Ion Polymer, Lead Acid), Motor Type (Mid, Hub), Mode (Throttle, Pedal Assist), Usage (Mountain/Trekking, City/Urban, Cargo), Speed, Component and Region – Global Forecast to 2026″, Published by MarketsandMarkets™, The Electric Bike Market is projected to reach USD 79.7 billion by 2026 from USD 47.0 billion in 2021, at a CAGR of 11.1%.

Government support and initiatives and the positive impact of the Covid-19 pandemic on sales of Electric Bikes will drive the Electric Bike Market.

Browse in-depth TOC on “Electric Bike Market”

362 – Tables
58 – Figures
274 – Pages 

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The class-I segment is expected to be the largest segment during the forecast period

Class-I segment, by class type in Electric Bikes is expected to be the largest segment during the forecast period as Asia Pacific countries. which is a major market for Electric Bikes, such as China, Japan, South Korea, and Taiwan allow only Class-I Electric Bikes. This results in the Class-I Electric Bikes occupying the largest market share in the Asia Pacific region.

The mountain/trekking Electric Bike segment by usage is expected to be the fastest-growing market

The demand for mountain/trekking Electric Bikes is growing rapidly as consumers increasingly show interest in trekking and recreational activities. There is a growing interest in performance-based adventurous sports, which, in turn, increase the demand for mountain/trekking Electric Bikes. Sports and physical activities are becoming more adaptable through electric motors. In many countries, mountain Electric Bikes are not only used for mountain trekking but also for daily commutation. The main reason for the growing popularity of mountain Electric Bikes is their robustness.

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The Asia Pacific is estimated to be the dominant regional market

The Asia Pacific is anticipated to lead the Electric Bike Market during the forecast period due to the high sales of Electric Bikes in the region. According to MarketsandMarkets analysis, in terms of volume, Asia Pacific contributed about ~88% to the global Electric Bike Market in 2020 by volume. Key Electric Bike manufacturers in this region include Yadea Group Holdings Ltd., AIMA Technology Group Co., Ltd., and Merida Industry Co., Ltd. Class-I Electric Bikes accounted for the largest market in the Asia Pacific, as government regulations permit only Class-I Electric Bikes, except for India where the market for Class-II Electric Bikes exists due to lack of strict regulations.

Accell Group N.V. (Netherlands), Pon.Bike (US), Merida Industry Co., Ltd. (Taiwan), Giant Manufacturing Co., Ltd. (Taiwan), and Yamaha Motor Corporation (Japan). are the leading manufacturers of Electric Bikes in the global market. These companies adopted new product development, and expansion strategies to gain traction in the Electric Bike Market.

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