Electric bicycle market is anticipated to grow at a CAGR of 4.8% during the forecast period (2024-2031). A battery and electric motor driving system that generates power for locomotion are incorporated into an electric bicycle. Additionally, it has electronic displays and sensors that provide riders with the extra support they need for a comfortable ride. This aids the rider’s pedal power.
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The growing attempts of public and private companies to develop charging infrastructure is a key factor driving the adoption of the electric bicycles. For instance, in November 2023, Mercedes-Benz inaugurated its first European charging station in Mannheim, Germany, featuring six 300 kW charging points for electric vehicles. To optimize energy distribution, each charger has a single port, ensuring maximal efficiency. Additionally, with intelligent charging management, select EVs can achieve an 80.0% charge in less than 20 minutes.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Electric Bicycle Market by Propulsion Type
- Pedal Assist
- Throttle
Global Electric Bicycle Market by Battery Type
- Lead Acid
- Lithium-ion
- Other (Nickel-Metal-Hydride)
Global Electric Bicycle Market by Application
- City/Urban
- Mountain/Trekking
- Cargo/Luggage
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Alton Sports Co. Ltd.
- Cannondale Bicycle Corp.
- Canyon Bicycle
- CSE EV GROUP Co. Ltd.
- Focus & Kalkhoff Holding GmbH (Derby Cycle)
- Hero Cycles Ltd.
- Merida Industry Co Ltd.
- Myvela Co. Ltd.
- Pedego Electric Bikes
- Robert Bosch GmBH
- Royal Dutch Gazelle
- Sunra EV
- Tailing Electric Vehicle Co. Ltd.
- The Cargo Bike Company
- Trek Bicycle Corp.
- Yadea Group Holdings Ltd
- Yamaha Motor Co. Ltd.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electric bicycle market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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