Electric Bicycles Market Share Growing Rapidly with Recent Trends, Development, Revenue, Demand and Forecast 2018-2026

A bicycle with an integrated electric motor drive mechanism and battery that produces power for causing or assisting propulsion is known as an electric bike.

                                         Electric Bicycles Market



A bicycle with an integrated electric motor drive mechanism and battery that produces power for causing or assisting propulsion is known as an electric bike. Electric bikes with a tiny motor to help the rider's pedal force to more powerful e-bikes that create enough power to totally operate the bike using throttle are all available globally.


Global carbon emissions from fuel burning have been a major source of worry for governments and environmentalists in recent decades. As a result, demand for electric vehicles increases around the world, supporting the Electric Bicycles market expansion. Furthermore, the popularity of electric bikes has grown across every continent as a result of rising fuel costs on a global scale, increased pollution, and traffic congestion, particularly in urban areas. Furthermore, increasing fuel vehicle operating and maintenance costs lead to a shift in daily commute preference for electric bikes, which propels the electric bicycles market forward.

Market Segmentation

By Product
  • Pedelecs
  • Speed Pedelecs
  • Throttle on Demand
  • Scooter or motorcycle

By Drive Mechanism
  • Hub motor
  • Mid-drive
  • Others

By Battery Type
  • Lead acid
  • Lithium ion (Li-ion)
  • Others

Consumer adoption of eco-friendly vehicles is expanding as a result of increased awareness and government initiatives to promote the usage of battery-powered vehicles. FAME-India plan in India, electric bicycle grant scheme in Jersey, and incentives granted for EV purchase by Office for Low Emissions in the United Kingdom are examples of government initiatives aimed at promoting e-bikes. Throughout the forecast period, these activities are projected to present potential growth prospects for the electric bicycle market.


The key players operating in electric bicycles market include Accell Group, Derby Cycle AG, Easy Motion, Jiangsu Xinri E-Vehicle Co. Ltd., Panasonic, Pedego, Stromer, and Yadea Technology Group Co. Ltd., BionX, Bosch, Electric Bike Technologies LLC, Giant Bicycles, GRACE, Superpedestrian, and Trek.

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