Electric Bike Market Size [2022-2029] worth USD 92.19 Billion | exhibiting a CAG… – Press Release

Pune, India, May 24, 2022 (GLOBE NEWSWIRE) — The global electric bike market size stood at USD 35.69 billion in 2021. The market is estimated to rise from USD 40.16 billion in 2022 to USD 92.19 billion by 2029 at 12.6% CAGR during the forecast period. Fortune Business Insights™ has delved into these insights in its latest research report, titled, “Electric bike Market, 2022-2029.”

According to the analysis, global electric bike market is expected to witness elevated growth owing to rapidly charging batteries, cheaper alternative for transportation, and rising technological advancements during the forecast period.

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/electric-e-bike-market-102022

List of Key Companies Profiled in the Market Report:

  • Giant Bicycles (Taiwan)
  • Accell Group (Netherlands)
  • Robert Bosch GmbH (Germany)
  • Pedego Electric Bikes (U.S.)
  • Panasonic Corporation (Japan)
  • Bionx International Corporation (Canada)
  • Trek Bicycle Corporation (U.S.)
  • Shimano Inc. (Japan)
  • VanMoof (Netherlands)
  • Rad Power Bikes (U.S.)

Report Scope & Segmentation:

Report Coverage Details
Forecast Period 2022-2029
Forecast Period 2021 to 2028 CAGR 12.6%
2029 Value Projection USD 92.19 billion
Base Year 2021
Market Size in 2022 USD 40.16 billion
Historical Data for 2018-2020
No. of Pages 165
Segments covered Lead Acid, Lithium-Ion, Nickel Metal Hydride, Others
Growth Drivers Rising Policy Support & Increasing Adoption of E-Bikes Regarding Municipal Bike-Sharing Systems to Augment Growth
  Asia Pacific to Witness Dominance During Forecast due to Increasing Bicycle Infrastructure

COVID-19 Impact

E-Bikes Experienced Growth due to Rising Adoption as Transportation Crumbled During Pandemic

The ongoing pandemic caused a positive impact on the market as all forms of public transportation were shut to curb the spread of the virus. A good portion of the population began integrating electric bikes as their primary mode of…