Electric Bicycle Market to Garner $65.83 Billion by 2030:

Portland, OR, July 01, 2021 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global electric bicycle market was estimated at $24.30 billion in 2020 and is expected to hit at $65.83 billion by 2030, registering a CAGR of 9.5% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Download Report (363 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/12130

Positive government regulations and policies to encourage the use of electric bicycles, rise in fuel costs, and increase in interest in cycling as a fitness & recreational activity drive the growth of the global electric bicycle market. On the other hand, high purchase and maintenance cost of electric bicycles and ban use of electric bicycles in major cities of China impede the growth to some extent. However, improvement in bicycling infrastructure & battery technology and surge in trend of connected electric bicycles are expected to create lucrative opportunities in the industry.

COVID-19 scenario-

  • The outbreak of the pandemic gave way has had a mixed impact on the global electric bicycle market. It led to decrease in the sale of electric bicycles, especially in the first phase of the lockdown, as most bicycles stores were closed during the period.
  • However, the pandemic has changed the way people commute, and bicycling has become even more popular around the world. As the lockdown has been lifted in many provinces, the sale of e-bicycles has also soared up to a significant extent.

Request for Customization of this report at https://www.alliedmarketresearch.com/request-for-customization/12130

The global electric bicycle market is analyzed across motor type, battery type, application, consumer segment, power output, and region. Based on motor type, the mid-drive segment held the major share in 2020, accounting for around half of the global market, and is expected to lead the trail by the end of 2030. The same segment would also cite the fastest CAGR of 11.4% throughout the forecast period.

Based on battery type, the lithium ion (Li-ion) segment contributed to 91% of the total market revenue in 2020, and is expected to dominate by 2030. The same segment would also manifest the fastest CAGR of 10.4% during the forecast period.

Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/electric-bicycle-market/purchase-options

Based on region, Asia-Pacific held the highest market share in 2020, garnering around two-thirds of the global market. The market across LAMEA, on the other hand, would exhibit the fastest CAGR of 14.0% from 2021 to 2030. The other provinces discussed in the report include North America and Europe.

The leading market players analyzed in the global electric bicycle market report include CSE EV GROUP CO LTD, Derby Cycle, Giant Manufacturing Co. Ltd, Merida Industry Co, Ltd, Accell Group N.V., Yamaha Motor Corporation, Royal Dutch gazelle, Trek Bicycle Corporation, Fuji-ta Bicycle Co Ltd, and Yadea Group Holdings Ltd. These market players have incorporated different strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solutions for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/12130

Similar Reports We Have on Electric Automotive Industry:

Electric Bike Market by Product (Pedelecs, Speed Pedelecs, Throttle on Demand, and Scooter & Motorcycle), Drive Mechanism (Hub Motor, Mid-Drive, and Others), and Battery Type (Lead Acid, Lithium-Ion (Li-ion), and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Electric Kick Scooter Market by Battery Type (Sealed Lead Acid (SLA), Lithium Ion (Li-Ion), and Others) and Voltage (Less than 25V, 25V to 50V, and More than 50V): Global Opportunity Analysis and Industry Forecast, 2021–2028.

One Wheel Electric Scooter Market by Product Type (Electric Unicycle, and Electric One wheel Hoverboard), Application (Off-road Activities, and Daily Commute), Sales Channel (Online Sales, and Offline Sales), and Speed Limit (Kmh) (20 Kmh – 30 Kmh, 30 Kmh – 50 Kmh, and More than 50 Kmh): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Electric Mobility Scooter Market by Battery Type (SLA, Li-ion, and NiMH), and by Number of Tire (2 Wheeler, 3 Wheeler, 4 Wheeler, and 5 Wheeler) – Global Opportunity Analysis and Industry Forecast, 2017-2030.

Low Speed Electric Vehicle Market by Vehicle Type (Passenger Vehicle, Heavy Duty Vehicle, Utility Vehicle, and Off-road vehicle) and End User (Golf Courses, Tourist Destinations, Hotels & Resorts, Airports, and Residential & Commercial Premises): Global Opportunity Analysis and Industry Forecast, 2018–2030.

Electric Vehicle Market by Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Plug-in Hybrid Electric Vehicles (PHEV)), Vehicle Class (Mid-Priced and Luxury), and Vehicle Type (Two-wheelers, Passenger Cars, and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Europe Electric Vehicle Market by Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Mild Hybrid Electric Vehicle (MHEV), and Extended Range Electric Vehicle (E-REV)), and Vehicle Type (Passenger Cars and Commercial Vehicles): Opportunity Analysis and Industry Forecast, 2020–2027.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

Follow Us on | Facebook | Twitter | LinkedIn |

Read More: Electric Bicycle Market to Garner $65.83 Billion by 2030: