Global Electric Bicycle Market By Type (Hub motor, Mid range motor), Application(Mountain/Trekking Bikes, City/Urban, Cargo)-Trends & Forecasts Upto 2030

The study focuses on electric bicycles. Electric bicycle is referred to a bicycle with an integrated battery, and electric motor used for propulsion. These bicycles can be pedal assisted or throttle on demand.

The electric bicycle market is projected to reach 27,187.9million USD by 2023, at a CAGR of 8.8% between 2023 and 2030. The demand for electric bicycles has significantly increased by the growing adoption of these e-bikes for fitness and adventures as well as fun for mountain and trekking activities. Electric mountain bikes have found their place on the trail due to the integration of batteries, motors, and a range of specific components.

Key Market Segments in This Study

electric bicycylesKey Market Segments in This Study