Published by Persistence MarketResearch
Posted on October 7, 2021
5 min readLast updated: January 30, 2026
The global electric bikes market is set to reach $19Bn by 2022, driven by technological advancements and regional government support, despite challenges like high costs.
Electric bikes are modern means of transportation which use electricity as fuel to propagate. These vehicles come in different types, few of which use both physical as well as electric power to gain momentum. Drivetrain, electric motor and batteries are the main components in electric bikes. The different types of electric bikes have different capacities. For longer distances, typically electric moped or motorcycles are used, and for shorter distances, generally, pedal assists are used.
Electric bikes have undergone new technological developments in the recent past. High-quality material and advanced batteries that have high power and improved life are a few of the many advancements that this market has witnessed. In metropolitan cities of Europe (typically in the UK and Germany) and North America (the US and Canada), common charging infrastructure for the public has been developed.
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The trend of rental services has taken shape, which is encouraging the use of electric bikes in these regions. There has been a significant contribution by the governments of various regions such as in the Asia-Pacific excluding (APEJ) region, to promote the use of electric bikes on a large scale.
Several benefits of electric bikes, such as zero-emission of harmful gases, eco-friendliness, reduction in the greenhouse effect, reduction in tailpipe emissions, etc., are supporting the consumption of electric bikes over the globe thus aiding the growth of the global electric bikes market.
But certain aspects such as high initial price, less number of charging stations and high costs associated with maintenance of charging stations resulting in high charging prices are limiting the growth of the global electric bikes market. Persistence Market Research has analyzed the global electric bikes market and has revealed that the global market is likely to project a growth of 4.7% CAGR during the forecast period 2017-2022.
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5 Key Highlights on Global Electric Bikes Market
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The research report has also profiled key companies operating in the electric bikes market. These include tier companies such as Prodeco Technologies Llc, Samsung SDI Co., Ltd., Mahindra & Mahindra Ltd., Bionx International Corporation, Panasonic Corp, Jiangsu Xinri E-Vehicle Co. Ltd., ., Derby Cycle Holding GmbH, Giant Manufacturing Co., Ltd., Accell Group N.V and Robert Bosch GmbH.
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The post The Global Electric Bikes Market To Reach A Market Value Of Around US$ 19 Bn By End Of 2022 appeared first on Lake Shore Gazette.
The article discusses the growth and trends of the global electric bikes market, projected to reach $19 billion by 2022.
Asia-Pacific, particularly China and India, are significant due to high market potential and government support.
High initial costs, limited charging stations, and maintenance costs are key challenges.
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