E-bike Market Projected Growth from USD 42.26 Billion in 2023 to USD 109.88 Billion by 2030, with a CAGR of 11.2%
According to a research report published by Exactitude Consultancy, Companies covered: ย Accell Group N.V, Bike, Merida Industry Co., Giant Ltd., Yamaha Motor
LUTON, BEDFORDSHIRE, UNITED KINGDOM, September 3, 2024 /EINPresswire.com/ -- ๐-๐๐ข๐ค๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Electric bicycles (e-bikes) are similar to human-powered bicycles with a small electric motor that assist or substitute the pedalling efforts. Some models of e-bike offer throttle-based motor activation and some offer pedal-assist bike. Complex model with advanced electric motor and optional throttle activation are also available in the market. They are generally categorized under two speed ranges that are up to 25 kmph and second is 25-45 kmph.
๐๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐-๐๐ข๐ค๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐๐ญ ๐๐.๐% ๐๐๐๐ ๐๐ซ๐จ๐ฆ ๐๐๐๐ ๐ญ๐จ ๐๐๐๐. ๐๐ญ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ซ๐๐๐๐ก ๐๐๐จ๐ฏ๐ ๐๐๐ ๐๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐ ๐๐ซ๐จ๐ฆ ๐๐๐ ๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐๐๐ซ๐:
https://exactitudeconsultancy.com/reports/8988/e-bike-market/#request-a-sample ย
Globally, the e-bike market has been expanding rapidly due to a number of factors, including growing environmental consciousness, technology improvements, and customer preferences for more environmentally friendly and effective forms of transportation. E-bikes are a desirable substitute for traditional automobiles since they combine a battery-powered motor with a typical bicycle, particularly in cities with heavy traffic and pollution. Many people find e-bikes intriguing because they can travel farther while requiring less physical exertion. These people include fitness fanatics, senior folks, everyday commuters, and recreational riders.
Main parts of an e-bike include battery pack, electric motor, controller, throttle, PAS & torque sensor, e-brakes, display, torque arms, and hall sensors. Battery pack and electric motor used in an e-bike constitute for majority of e-bike prices. Some of the advantages associated with the application of e-bike are low operating cost, a combined advantage for both bicycle and motorbike, ecological means of transport, good for exercise.
๐-๐๐ข๐ค๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
Accell Group N.V., Pon.Bike, Merida Industry Co., Ltd., Giant Manufacturing Co., Ltd., Yamaha Motor Corporation, Trek Bikes, and Riese & Muller.
๐-๐๐ข๐ค๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
In November 2023, Accell Group NV and Refurb Battery will extend their partnership, building on the success of their pilot program to repurpose 5,000 discarded electric bike batteries. This initiative reduced over 100 tons of CO2 emissions.
1 November 2023, Accell Group, a leading European manufacturer of bicycles, bicycle parts and accessories, is pleased to announce the appointment of Tjeerd Jegen as CEO and Chair of the Management Board.
๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ:
๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ-๐ ๐ซ๐ข๐๐ง๐๐ฅ๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ
Environmentally friendly and efficient modes of transportation are necessary in light of growing environmental concerns. Compared to the petrol emissions of cars, E-Bikes have little or no emissions, making them a green product. Delivery businesses are adopting e-bikes, particularly the fourth plague of delivery services in densely populated places with traffic-related issues including parking and congestion. The E-Bike market has grown as a result of logistics companies using cycling to reduce delivery times and satisfy delivery targets.
๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
The creation of new battery technology that enhances energy density and e-bike charging cycles are a couple of the major factors. More mileage between charges and shorter charging times are two benefits of upgraded batteries, which may make e-bikes more appealing to buyers. While e-bikes' higher innovation is shown in the current triumphs of battery technology research and development, more advancements in this area are predicted in the future, solidifying e-bikes' viability as a solution in today's contemporary transportation contexts.
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐ญ๐ซ๐๐ง๐ ๐จ๐ ๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐-๐๐ข๐ค๐๐ฌ
These intelligent e-bikes are able to send vital data regarding their condition and usage. Some linked bikes are capable of receiving orders in addition to other data. Data processing and collecting are made possible by networked e-bike systems. Businesses are moving forward these days to discover integrated solutions. As a result, the e-bike trend will enable market expansion in the near future.
๐๐ข๐ฌ๐ข๐ง๐ ๐ฉ๐จ๐ฉ๐ฎ๐ฅ๐๐ซ๐ข๐ญ๐ฒ ๐จ๐ ๐-๐๐๐
Mountain biking has seen a notable growth in popularity due to the increase in the demand for bicycles over the previous two years worldwide. According to an estimate, the market for mountain biking and trekking is anticipated to expand at a 10% annual pace in the ensuing years, from 2022 to 2029. Significant increase in tourism and extreme sports is probably going to fuel the e-MTB sector.
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐ฉ๐ซ๐๐๐๐ซ๐๐ง๐๐ ๐๐จ๐ซ ๐๐ข๐๐ฒ๐๐ฅ๐๐ฌ ๐๐ฌ ๐๐ง ๐๐๐จ-๐๐ซ๐ข๐๐ง๐๐ฅ๐ฒ ๐ฏ๐๐ก๐ข๐๐ฅ๐
The need for environmentally responsible transportation is growing, and bicycles are becoming more and more popular worldwide. This is mostly due to the many advantages that cycling offers, including lower CO2 emissions, less air pollution, less noise pollution from other forms of transportation, fuel cost savings, enhanced public health, less traffic congestion, and lower costs associated with building and maintaining road infrastructure.
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐จ๐ฉ๐ฎ๐ฅ๐๐ซ๐ข๐ญ๐ฒ ๐จ๐ ๐๐ข๐-๐๐ซ๐ข๐ฏ๐ ๐๐จ๐ญ๐จ๐ซ๐ฌ
Hub motors are lighter in weight, simple in construction, and inexpensive to the manufacturers because of which it is the most commonly found motors in the e-bike. However, significant number of advantages offered by the mid-drive motors over hub motors expected to drive their demand overt the forthcoming years. Mid-drive motors offer higher torque and performance compared to traditional hub motors as it drives the crank despite of wheel; hence, multiply its power and allow to take more benefits from the gear system. When it comes to maintenance, hub motors are more difficult to service and maintain than mid-drive motors. Replacing the nut bolts on the e-bike will allow you to easily remove them. Additionally, they are positioned at the e-bike's centre of gravity, which improves the bike's handling by better distributing the weight. Because of the aforementioned advantages, both e-bike manufacturers and consumers choose mid-drive motors over hub motors.
๐๐๐ญ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://exactitudeconsultancy.com/reports/8988/e-bike-market/
๐-๐๐ข๐ค๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
North America on the e-bike market preferences, it is dominant in the region, especially in the growth of the cargo e-bikes mainly due to the infrastructural development of e-bikes in transport, traffic congestion compounded by high fuel cost in the urban area for goods transport. Cargo e-bikes are much faster and eco-friendly as compared to conventional lorries in delivering products and goods within cities. They involve reduced expenses, are subsidized, and are also eligible for tax exemptions in some areas as well as consuming less energy. Although slightly down in 2023, people are still interested in buying e-Bike after-market kits as well as other industries like environmentally friendly transportation.
The region that contributes to be the fastest growing region to global revenue is Asia-Pacific, which is anticipated to expand at a CAGR of 11.2% over the projection period. Due to its affordability, environmental friendliness, and low electricity requirements, e-bikes are becoming more and more popular across Asia and the Pacific region compared to other forms of transportation. Moreover, it is anticipated that a rise in government initiatives to promote environmentally friendly vehicles and bicycles as well as the development of pertinent infrastructure will hasten the development of the E-Bike sector.
๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐-๐๐ข๐ค๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐๐ฒ ๐๐ฅ๐๐ฌ๐ฌ, ๐ฐ๐ก๐ข๐๐ก ๐ซ๐๐๐๐ซ๐ฌ ๐ญ๐จ ๐๐ข๐๐๐๐ซ๐๐ง๐ญ ๐๐๐ญ๐๐ ๐จ๐ซ๐ข๐๐ฌ ๐จ๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ข๐๐ฒ๐๐ฅ๐๐ฌ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ญ๐ก๐๐ข๐ซ ๐ฌ๐ฉ๐๐๐ ๐๐ง๐ ๐ฉ๐จ๐ฐ๐๐ซ ๐๐ฌ๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐ ๐๐ก๐๐ซ๐๐๐ญ๐๐ซ๐ข๐ฌ๐ญ๐ข๐๐ฌ.
Class-I E-Bikes provide pedal-assist only, meaning the motor kicks in only when the rider is pedalling. They have a maximum assisted speed of 20 mph (32 km/h). These bikes do not have a throttle and are typically allowed on most bike paths and trails. These are the most popular type of e-bikes due to their versatility and compliance with many local regulations. They are ideal for casual riders, commuters, and fitness enthusiasts.
Class-II E-Bikes offer both pedal-assist and throttle-based assistance. They also have a top speed of 20 mph (32 km/h) when using either the throttle or pedal-assist function. This class provides more flexibility for riders who may want the option to ride without pedalling. These e-bikes are preferred by riders who want the convenience of throttle control, making them popular among those who seek an easier riding experience, particularly in urban areas or for short-distance commuting.
Class-III E-Bikes, also known as speed peddles, provide pedal-assist only and can reach higher speeds, with assistance up to 28 mph (45 km/h). They do not have a throttle. Due to their higher speed capability, these e-bikes are often subject to stricter regulations and are typically restricted from bike paths. These e-bikes appeal to riders looking for faster commuting options, especially those traveling longer distances. They are popular among enthusiasts and those looking for a higher-performance e-bike experience.
๐๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐-๐๐ข๐ค๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ ๐๐จ๐ญ๐จ๐ซ ๐๐ฒ๐ฉ๐ ๐ข๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐ข๐ง๐ญ๐จ ๐ญ๐ฐ๐จ ๐ฆ๐๐ข๐ง ๐๐๐ญ๐๐ ๐จ๐ซ๐ข๐๐ฌ: ๐๐ข๐-๐๐ซ๐ข๐ฏ๐ ๐ฆ๐จ๐ญ๐จ๐ซ๐ฌ ๐๐ง๐ ๐๐ฎ๐-๐๐ซ๐ข๐ฏ๐ ๐ฆ๐จ๐ญ๐จ๐ซ๐ฌ.
Mid-drive motors are positioned at the bike's crank, where the pedals are. This central placement allows for a balanced weight distribution and better integration with the bike's gears, resulting in improved power efficiency and handling. Mid-drive motors are popular for mountain e-bikes and other high-performance models due to their enhanced torque and climbing capabilities. Hub motors are located either in the front or rear wheel hub of the e-bike. They are simpler in design and often more affordable than mid-drive motors. Hub motors provide a quieter ride and are commonly used in city or commuter e-bikes due to their reliability and low maintenance requirements. They can be further divided into geared and gearless (direct-drive) hub motors, each offering different advantages in terms of torque and efficiency.
๐๐จ ๐ค๐ง๐จ๐ฐ ๐๐ง ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐ซ๐๐ฏ๐ข๐ฌ๐๐ ๐๐๐๐ ๐ฅ๐ข๐ฌ๐ญ ๐จ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ, ๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:
https://exactitudeconsultancy.com/reports/8988/e-bike-market/#request-a-sample
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ: ๐๐ฅ๐จ๐๐๐ฅ ๐-๐๐ข๐ค๐ ๐๐๐ซ๐ค๐๐ญ
Global E-Bike Market by Class, 2020-2029, (USD Million) (Thousand Units)
Class-I
Class- II
Class - III
Global E-Bike Market by Battery Type, 2020-2029, (USD Million) (Thousand Units)
Li-Ion
Li-Ion Polymer
Lead Acid
Global E-Bike Market by Motor Type, 2020-2029, (USD Million) (Thousand Units)
Mid
Hub
Global E-Bike Market by Mode, 2020-2029, (USD Million) (Thousand Units)
Throttle
Pedal Assist
Global E-Bike Market by Usage, 2020-2029, (USD Million) (Thousand Units)
Mountain/Trekking
City/Urban
Cargo
Global E-Bike Market by Region, 2020-2029, (USD Million) (Thousand Units)
North America
Europe
Asia Pacific
South America
Middle East and Africa
๐ ๐ซ๐๐ช๐ฎ๐๐ง๐ญ๐ฅ๐ฒ ๐๐ฌ๐ค๐๐ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ
What is the current size of e-bike market?
How much is the CAGR of global e-bike market?
Which are the driving factors of the e-bike market?
Who are the major players operating in the e-bike market?
Which region will lead the global e-bike market?
๐ ๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง:ย https://bulletin.exactitudeconsultancy.com/
๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ
๐๐๐ (๐๐ฅ๐๐๐ญ๐ซ๐จ๐ฆ๐๐ ๐ง๐๐ญ๐ข๐ ๐๐ง๐ญ๐๐ซ๐๐๐ซ๐๐ง๐๐) ๐๐ก๐ข๐๐ฅ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
The global EMI shielding market is expected to grow at a 3.23% CAGR from 2022 to 2029. It is expected to reach above USD 8.12 billion by 2029 from USD 6.1 billion in 2023.
https://exactitudeconsultancy.com/reports/10596/emi-shielding-market/
๐๐ซ๐๐ค๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ
The global brake system market is projected to reach USD 29 billion by 2029 from USD 19.33 billion in 2023, at a CAGR of 11.9% from 2022 to 2029.
https://exactitudeconsultancy.com/reports/10649/brake-system-market/
๐ ๐๐ ๐๐ซ๐๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
The global FRP grating market is expected to grow at a 9.89% CAGR from 2022 to 2029. It is expected to reach above USD 578.9 million by 2029 from USD 247.7 million in 2023.
https://exactitudeconsultancy.com/reports/11008/frp-grating-market/
๐๐๐ซ ๐๐๐ซ๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ
The Car care products market size was valued at USD 10.31 billion in 2023 and is projected to reach USD 15.05 billion by 2029, growing at a CAGR of 4.3% from 2022 to 2029.
https://exactitudeconsultancy.com/reports/11029/car-care-products-market/
๐๐ซ๐๐ค๐ ๐ ๐ซ๐ข๐๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ
The Brake friction product market size was valued at USD 9.98 billion in 2023 and is projected to reach USD 14.58 billion by 2029, growing at a CAGR of 4.3% from 2022 to 2029.
https://exactitudeconsultancy.com/reports/11366/brake-friction-products-market/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ
The global automotive PCB market is expected to grow at a 6.34% CAGR from 2022 to 2029. It is expected to reach above USD 12.4 billion by 2029 from USD 7.13 billion in 2023.
https://exactitudeconsultancy.com/reports/11379/automotive-pcb-market/ย
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ฅ๐๐ฒ ๐๐๐ซ๐ค๐๐ญ
The global automotive relay market is expected to grow at a 4.89% CAGR from 2022 to 2029. It is expected to reach above USD 22.6 billion by 2029 from USD 14.7 billion in 2023.
https://exactitudeconsultancy.com/reports/11419/automotive-relay-market/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐จ๐ง๐ญ๐ซ๐จ๐ฅ ๐๐ง๐ข๐ญ ๐๐๐ซ๐ค๐๐ญ
The global Automotive Electronic Control Unit market is expected to grow at 5.8 % CAGR from 2022 to 2029. It is expected to reach above USD 148.67 billion by 2029 from USD 94.7 billion in 2021.
https://exactitudeconsultancy.com/reports/11493/automotive-electronic-control-unit-market/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐ ๐ข๐ง๐ ๐๐๐ฅ๐ญ & ๐๐จ๐ฌ๐ ๐๐๐ซ๐ค๐๐ญ
The global Automotive Engine Belt & Hose Market is expected to grow at 6.69% CAGR from 2022 to 2029. It is expected to reach above USD 36.18 billion by 2029 from USD 20.2 billion in 2021.
https://exactitudeconsultancy.com/reports/11433/automotive-engine-belt-hose-market/
๐๐ข๐๐ฌ๐๐ฅ ๐๐ง๐ ๐ข๐ง๐๐ฌ ๐๐จ๐ซ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐๐๐ซ๐ญ๐ก ๐๐จ๐ฏ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
The global Diesel engines for constructions and earth moving market is expected to grow at 7.1 % CAGR from 2021 to 2029. It is expected to reach above USD 21.65 billion by 2029 from USD 12.51 billion in 2021.
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
๐๐ฑ๐๐๐ญ๐ข๐ญ๐ฎ๐๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐๐ง๐๐ฒ is a Market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our professional team works hard to fetch the most authentic research reports backed with impeccable data figures which guarantee outstanding results every time for you. So, whether it is the latest report from the researchers or an accustom requirement, our team is here to help you in the best possible way.
๐๐จ๐ง๐ญ๐๐๐ญ
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