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E-bike Market Size, Trends, Revenue Share Analysis, Forecast Till 2030

E-bike Market Size, Trends, Revenue Share Analysis, Forecast Till 2030

Global Electric Bikes Market size is set to surpass USD 40 billion by 2030, according to a new research report by Global Market Insights Inc.

The report identifies the rising demand for personal mobility solutions and growing environmental concerns as the chief drivers of the e-bikes industry. Personal mobility is gaining popularity on account of various factors, such as portability, time savings, and easy accessibility. It allows users to avoid traffic and save time while traveling. For instance, since the beginning of 2022, the health staff from Cornwall, England, have been using cargo e-bikes to visit patients as they not only help patients but health workers as well. These bikes cut down traveling time and provide easy availability of doctors at patients’ doorsteps with instant treatments.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3525

Surging recreational activities to boost demand for trekking bikes

The trekking bike segment is estimated to attain 2% growth rate till 2030. The upsurge in recreational activities & festive tours in mountains and woods will fuel the adoption of e-trekking bikes. Additionally, shifting consumer interest toward active traveling, along with robust fitness regimes, will drive the sales of e-trekking bikes.

Favorable features of e-bikes to push lithium-ion battery consumption

The electric bikes market from the lithium-ion battery segment is projected to grow at 4.5% gains through 2030. Lithium-ion phosphate batteries contain chemical fireproof characteristics, which make them fire resistant, and hence, are widely used in e-bikes. These batteries also offer a longer lifetime, less maintenance, lightweight, and enhanced discharge & charge efficiency, among other features, which is benefitting the demand for lithium-ion powered e-bikes.

Rising demand for trekking and mountain sports

The study recognizes that the electric bikes market from the mid motor segment will showcase remarkable growth during the forecast period. As they provide low- and center-weight distribution, maintain bike stability and increase the demand for e-bikes in mountain sports or trekking activities. Moreover, their low rate of failure, lower rolling resistance, and high energy conversion rate will attract a wide customer base in the coming years.

Customer preference to augment peddle-assist e-bikes demand

The peddle-assist propulsion type segment held over 50% of the electric bikes market share in 2021. The peddle assist e-bikes offer features, such as ease of use, simple installation & maintenance, customizable grip positioning, and safety, which make them a suitable choice for many consumers. The segment development will further be driven by increased customer inclination towards peddle-assist propulsion as it is the most common form in bicycles.

In-person purchasing to foster offline sales channel

The deployment of e-bikes through offline sales channels was valued at more than USD 15 billion in 2021 owing to the surging consumer engagement in offline stores before purchasing while trying & experiencing new e-bikes in person. In addition, the manufacturers operating in the e-bikes segment are strongly investing in offline stores to strengthen their presence in regional marketplaces and to stay competitive in the market.

North America region emerges as a prominent revenue pocket

North America electric bikes market accounted for USD 1 billion in 2021. The region may emerge as a major revenue hub due to the rising uptake of high-quality and cost-effective bikes, which will enhance the industry outlook. Meanwhile, the companies having a base in the continent are also focusing on new product development to fuel their business standing, thereby accelerating regional market expansion.

Product launches to remain a key growth strategy

The strategic landscape of the e-bikes industry will observe an increase in the demand for advanced mobility solutions, especially in North America and Europe. Notably, the shifting consumer focus on enhancing awareness regarding green mobility solutions will encourage players to introduce efficient e-bikes.

Key participant operating in the electric bikes market are AIMA Technology Co., Accell Group, Giant Bicycles, Rad Power Bikes, Pedego Electric Bikes, Specialized Bicycle Components, Electric Bike Technologies, Inc., Trek Bicycles, Sunra, and Yadea.

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Table of Contents (ToC) of the report:

Chapter 1 Methodology & Scope

1.1 Scope & definitions

1.2 Methodology and forecast parameters

1.3 Region-wise COVID-19 impact analysis:

1.3.1 North America

1.3.2 Europe

1.3.3 Asia Pacific

1.3.4 Latin America

1.3.5 Middle East & Africa

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

1.5 Industry Glossary

Chapter 2 Executive Summary

2.1 E-bikes industry 3600 synopsis, 2018 – 2030

2.2 Business trends

2.2.1 TAM trends

2.3 Regional trends

2.4 Product trends

2.5 Battery trends

2.6 Motor trends

2.7 Propulsion type trends

2.8 Sales channel trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/e-bike-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Aashit Tiwari

Corporate Sales, USA

Global Market Insights Inc.

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