The global electric bicycle market has seen remarkable growth in recent years, as more and more people embrace alternative transport, especially in the urban setting. Indeed, the technology found on some e-bikes of today was deemed unimaginable a decade or so ago, and it appears that the industry shows no signs of slowing down as the global e-bike market is expected to grow to a whopping $120 billion by 2030.highlights huge potential for the electric bike market which was valued at $37.
. The report states that the Asia-Pacific region is the largest market for e-bikes, with a 42.5-percent share of the pie in the global stage as of 2022. Europe ranks second, as a lot of cities in key countries like France, Germany, and the Netherlands have adopted a much more favorable stance on e-mobility devices. The North American market is third place, and is currently witnessing a surge in e-bike use.
Among the top players in the global e-bike sphere are a number of companies that are household names in the cycling industry. Names likefrom the US, as well as established Taiwanese bike brand Giant Manufacturing Co. continue to be dominant players in today's e-bike market. Other notable names include the Accell Group from the Netherlands, Derby Cycle from Germany, and Mahindra & Mahindra from India. Of course, a lot of emerging players hail from China, as well.