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E-bike Market Share

Report ID: GMI3525
Published Date: Mar 2024
Report Format: PDF

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E-bike Market Share

Yadea Technology Group Co., Ltd. and Giant Bicycles hold a significant market share of over 9% in the e-bike industry. These firms are strategically expanding their market presence through innovative product offerings and strategic partnerships. By developing a diverse range of e-bike models tailored to various consumer preferences, they are capturing a wider audience. Collaborations with urban planning authorities to create bike-friendly infrastructure is also boosting their visibility.

E-bike Market Companies

Major companies operating in the e-bike industry are:

Accell Group
Brompton Bicycle Ltd
Giant Bicycles
Merdia Bikes
Polygon Bikes
Rad Power Bikes, LLC
Scott Sports Sa
Tern
Trek Bicycles
Yadea Technology Group Co., Ltd.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of E-bike reached USD 36.6 billion in 2023 and is set to witness 4% CAGR from 2024 to 2032, due to enhanced infrastructure and the heightened emphasis on cost efficiency.

The city/urban bike segment held around 56% market share in 2023, attributed to the practicality and versatility for daily commutes and errands around the city streets.

Asia Pacific dominated the market with a share of over 60% in 2023, owing to the surge in demand for eco-friendly transportation solutions.

Accell Group, Brompton Bicycle Ltd, Giant Bicycles, Merdia Bikes, Polygon Bikes, Rad Power Bikes, LLC, Scott Sports Sa, Tern, Trek Bicycles, and Yadea Technology Group Co., Ltd.