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E-City/Urban Bike Market Share

Report ID: GMI8500
Published Date: Mar 2024
Report Format: PDF

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E-City/Urban Bike Market Share

Trek Bicycles and Giant Bicycles hold a significant market share of over 7% in the e-city/urban bike industry. These companies are setting up strategies, including partnerships and acquisitions, R&D investments, and production expansions are some of the pivotal initiatives undertaken by leading players in the e-city/urban bikes industry. Companies, such as Giant Bicycles, and Trek Bicycles among others, are also eyeing new product developments to cater to the rising consumer demands.

E-City/Urban Bike Market Companies

Major companies operating in the e-city/urban bike industry are:

Accell Group
Brompton Bicycle Ltd
Giant Bicycles
Merdia Bikes
Polygon Bikes
Rad Power Bikes, LLC
Scott Sports Sa
Specialized Bicycle Components
Tern
Trek Bicycles

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of E-city/urban bike reached USD 20.8 billion in 2023 and is set to witness 5% CAGR from 2024-2032, owing to the growing prominence of environmental sustainability and the subsequent demand for eco-friendly transportation options worldwide.

The Li-ion segment was over USD 14 billion in 2023, due to its advantages like high energy density, longevity, and relatively low weight.

Asia Pacific market held over 60% share in 2023, attributed to surging urbanization, mainly in China, Japan, and South Korea along with the increasing environmental concerns in the region.

Accell Group, Brompton Bicycle Ltd, Giant Bicycles, Merdia Bikes, Polygon Bikes, Rad Power Bikes, LLC, Scott Sports Sa, Specialized Bicycle Components, Tern, and Trek Bicycles, are some of the major e-city/urban bike companies worldwide.