E-bike Market Overview
The e-bike market was valued at USD 26.73 billion in 2021 and is expected to reach USD 53.53 billion by 2027, registering a CAGR of 12.27% during the forecast period (2022 – 2027). With the increasing consumer preference toward recreational and adventure activities, the adoption of e-bike applications in several sectors, like logistics and e-bike rental services, is expected to drive the market during the forecast period. With the continually growing environmental and health concerns, due to the increasing emission levels, the governments and international organizations worldwide are enacting stringent emission norms to reduce carbon emission levels.
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E-bike market – Geographical Overview
The European region is expected to play a key role in the e-bike market during the forecast period. The European region was dominated by Germany, followed by France and Italy. The European market for e-bikes is an extremely fragmented one, with major players, like Giant Bicycles, Accell Group, Riese & Muller, and M1 Sporttechnik, holding less than 20% of the total market share.
Some of the major factors driving the growth of the market are – increasing awareness of environment-friendly transportation options such as e-bikes, cycle-to-work schemes (with schemes offering limits above the established EUR 1000 cap), and EUR 2 million commitment from the government for cargo bike subsidies. Gazelle, one of the subsidiaries of PonBike Group, developed a cargo e-bike GazellD10 model with joint-partners, namely Alucaand DOCKR (mobility as a services (MaaS) start-up). The new cargo e-bike known as light electrical freight transporter (LEFT), accommodates up to two standard carriage boxes with Euro Pallet dimensions (1,200*800*1,100 millimeter), capable of carrying a volume of one cubic meter and load capacity of 100 kg. The LEFT is equipped with a 250-watt Bosch Performance CX motor, along with a 1000 WH battery.
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Global Developments in the E-bike market
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List of Key Players in the E-bike market
E-bike Manufacturers
Component Suppliers
*List Not Exhaustive
Mordor Intelligence has segmented the global e-bike market based on propulsion, application, battery type, power, and geography:
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