Electric Bicycle Market Report : Trends, Forecast and Competitive Analysis 1

Industry Profiles Snapshot Major ParameterDescription Market Segments by Bicycle Type Cargo, fat tire, mountain, standard, and others Market Segments by Propulsion Type Pedal assisted electric bicycle and throttle on demand electric bicycle Market Segments by Usage Type Traveling, social, exercise, and others Market Segments by Motor Type Hub motor, mid drive, and others Market Segments by Battery Type Lead acid, lithium acid, nickel metal hydride, nickel cadmium, and others Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Giant Manufacturing, Accell, Merida Industry, Pedego Electric Bikes, Ideal Bike, Leder 96, Cannondale, BH Bikes, Zhonglu, and Prodeco Tech. Trend Growth Rate and CAGR12.5% Key Industry Forecast The global electric bicycle market is expected to reach an estimated $21 billion by 2024 with a CAGR of 12.5% from 2019 to Key Industry Driver Driver: Increasing health conscious consumers, high traffic congestion, environmental concerns, and increasing government initiatives to promote cycling in order to reduce carbon emissions. 2

Industry Overview Market Size The global electric bicycle market is expected to reach an estimated $21 billion by 2024 with a CAGR of 12.5% from 2019 to Emerging trends, which have a direct impact on the dynamics of the market, include development of luxury folding e-bikes and high tech electric bike with smartphone integration. Market Size (2024)$21 billion CAGR ( )12.5% 3 Industry Performance : Forecast