The global electric bikes market size was valued at $16.34 billion in 2017, and is expected to reach $23.83 billion by 2025, registering a CAGR of 4.9% from 2018 to 2025.Electric bikes are bicycles 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.
Electric bikes are a flexible, versatile, eco-friendly, and trendy mode of transport. Consumers look up to them as an ideal substitute for scooters, smart cars, and public transport. Consumers are benefited because they better tackle traffic congestion owing to the smaller size of e-bikes, attain higher speeds with lesser effort, and gain from the advantages of peddling. These factors have led to growing popularity of electric bikes across the globe.
Major Key Players of the Electric Bikes Market are:Trek Bicycle Corporation, Accell Group, Fuji-ta Bicycle, Derby Cycle, Giant Manufacturing Co., Ltd., Jiangsu xinri e-vehicle Co., Ltd.
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