The e-bike market accounted to US$ 35,862.5 Mn in 2018 and is expected to grow at a CAGR of 23.6% during the forecast period 2019 – 2027, to account to US$ 224,014.2 Mn by 2027.
The most alarming issue commuter’s face these days is “Traffic,” which consumes time along with the huge amount of money on fuel. As per the data given in the Inrix Global Traffic Scorecard in 2018, 60 urban areas in the US are considered among the most traffic-congested cities, wherein the repercussions of traffic congestion cost billions of dollars each year to the Americans. With the increasing investment of government and manufacturers toward the adoption of e-bikes, traffic congestion can be minimized, this increased demand is expected to fuel the growth of the global e-bike market.
Underdeveloped Charging and Cycling Infrastructure in Developing Countries may restrain the future growth of the e-bike market
Global E-Bike Market - Company Profiles
- Aventon Bikes
- Giant Bicycles
- Merida Industry Co., Ltd.
- Pedego Electric Bikes
- Robert Bosch GmbH
- Specialized Bicycle Components, Inc.
- Shimano Inc.
- Trek Bicycle Corporation
- Yamaha Motor Co., Ltd.
In developing economies, the installation of EV charging stations and road/pathway infrastructure is yet to flourish. As per Honda (a Japan-based automotive manufacturer), the establishment of supporting infrastructure for e-bikes, which includes battery swapping and charging stations and the subsequent adoption of the advanced technology, across India will take time. Consequently, the underdeveloped charging and cycling infrastructure across various developing countries is hampering the adoption rate of e-bikes may hinder the growth of the e-bike market.