Electric Bike Market 2020 Analysis May Set New Growth Story, Forecast to 2030

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Electric Bike Market
Due to the COVID-19 pandemic, commuters are
mostly avoiding public transportation. E-bikes
are considered a safe, convenient, and affordable
alternative to public transportation. According
to industry experts and e-bike manufacturers,
such as Rad Power Bike, VanMoof, and Lectric
e-bike, e-bikes are increasingly considered an
ideal transportation mode as cities emerge from
the quarantine approaches in the US and Europe.
In addition, owing to the government restrictions
on public transport because of social-distancing
guidelines, commuters are adopting the bike as
the mode of day-to-day transportation. For
instance, according to the New York Times, U.S.
bike sales increased by 85 in March 2020. Thus,
the electric bike industry is one of those
industries that is poised for better growth
post-Covid-19. However, the sale of e-bikes was
dampened in the first quarter of 2020, as e-bike
stores were closed due to lockdown.
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Electric Bike Market
The global electric bike market was valued at
40,312 million in 2019, and is projected to
reach 118,657 million by 2030, registering a
CAGR of 10.5 from 2020 to 2030. Electric bike
is a bicycle with an integrated electric motor
drive mechanism and battery, which produces power
for causing or assisting propulsion. Various
kinds of globally available e-bikes range from
electric bikes with a small motor to assist the
pedal-power of the rider to more powerful e-bikes
that produce power to completely drive the bike
using throttle. 
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Electric Bike Market

• Key Benefits For Stakeholders
• This study presents analytical depiction of the
  global electric bike market analysis along with
  current trends and future estimations to depict
  imminent investment pockets.
• The overall electric bike market opportunity is
  determined by understanding profitable trends to
  gain a stronger foothold.
• The report presents information related to the
  key drivers, restraints, and opportunities of the
  global electric bike market with a detailed
  impact analysis.
• The current electric bike market is
  quantitatively analyzed from 2019 to 2030 to
  benchmark the financial competency.
• Porters five forces analysis illustrates the
  potency of the buyers and suppliers in the
  industry.

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Electric Bike Market

• Major Companies
• Accell Group
• Derby Cycle
• Fuji-ta Bicycle Co., Ltd.
• Giant Manufacturing Co., Ltd.
• Jiangsu Xinri E-Vehicle Co., Ltd.
• Mahindra Mahindra Ltd. (GenZe)
• Prodecotech, LLC
• Tianjin Golden Wheel Group Co., Ltd.
• Trek Bicycle Corporation
• Yamaha Motor Co. Ltd.

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Electric Bike Market
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