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Electric Bike Kit Market Share

Report ID: GMI8556
Published Date: Mar 2024
Report Format: PDF

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Electric Bike Kit Market Share

Bafang Electric (Suzhou) Co., Ltd. and Cyzle Bike Store hold a significant market share of over 33% in the electric bike kit industry. These industry players are strategically broadening their footprint within the electric bike kit domain through innovative product offerings. By prioritizing R&D activities, they are crafting state-of-the-art kits tailored to various consumer preferences. Moreover, these firms are employing impactful marketing tactics to broaden their reach to a diverse audience. The utilization of social media campaigns is also emphasizing the advantages of electric bike conversion in addition to collaborations with influential biking personalities.

Electric Bike Kit Market Companies

Major companies operating in the electric bike kit industry are:

Bafang Electric (Suzhou) Co., Ltd.
BionX International
Cyzle Bike Store
Dillenger E-Bikes AU
eBikeling.
EUNORAU E-BIKE
EVELO Electric Bicycles
Grin Technologies
Swytch Technology Ltd
Tongsheng

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of electric bike kit reached USD 1.2 billion in 2023 and is set to expand at over 9% CAGR between 2024 and 2032, owing to an increase in urbanization and traffic congestion prompting the need for efficient transportation.

The city/urban segment is projected to generate over USD 1.6 billion by 2032, due to its increasing demand to cater to the rising need for practicality and convenience.

Asia Pacific market accounted for more than 60% revenue share in 2023, attributed to the surging government support and a cultural shift towards sustainability across the region.

Some of the top companies engaged in the market are Bafang Electric (Suzhou) Co., Ltd., BionX International, Cyzle Bike Store, Dillenger E-Bikes AU, eBikeling, EUNORAU E-BIKE, EVELO Electric Bicycles, Grin Technologies, Swytch Technology Ltd, and Tongsheng.