EBike Market Poised for Rapid Growth: Trends & Forecast to 2030
The global EBike market is expected to grow from USD 48.72 billion in 2024 to USD 71.48 billion by 2030 at a CAGR of 6.6%. The electric bicycle market is driven by government subsidies, expanding micro-mobility services, advancements in lithium-ion battery technology, and improved infrastructure for e-bikes. However, the market has faced challenges recently due to supply chain disruptions, global economic tensions, reduced consumer spending, and overstocked inventories with manufacturers and suppliers. Additionally, In Europe, frequent disruptions in electricity and fuel supplies have delayed factory operations, impacting e-bike exports. North American and European ebike sales declined by 2.8% and 3.7% in 2024 compared to 2023. Despite a decline in s-pedelec and hub motor-powered ebike sales in 2023, the market is expected to regain momentum, driven by rising demand for sustainable transportation. Browse more than 526 market data tables and 94 figures spread through more than 458 P...