GITNUX MARKETDATA REPORT 2024
Powerful Electric Bike Conversion Kit Sales Statistics
The sales statistics for powerful electric bike conversion kits are expected to show a steady increase in sales due to the growing demand for electric bicycles.
In this post, we will explore the latest statistics and market insights surrounding the global electric bike conversion kit industry. From the market value and growth projections to regional trends and key segments, we delve into the data that sheds light on the current landscape and future potential of electric bike conversions.
Statistic 1
"As of 2021, the global electric bike conversion kit market was valued at approximately $4.76 billion."
Statistic 2
"The electric bike conversion kit market is expected to grow at a CAGR of 6.1% from 2021 to 2028."
Statistic 3
"The hub motor conversion kit segment dominated the market with a total share of over 70% in 2020."
Statistic 4
"Direct to customer sales is projected to exhibit the highest CAGR of 7.2% from 2021 to 2028."
Statistic 5
"North America accounted for the largest market share for electric bike hub conversion kits in 2021 with a value of $1.2 billion."
Statistic 6
"In 2021, approximately 5 million electric bike conversion kits were sold in Europe."
Statistic 7
"The UK market for electric bike conversion kits rose by 45% between 2018 and 2020."
Statistic 8
"In 2021, an estimated 85% of all conversions in the UK used hub motor kits."
Statistic 9
"A report shows that the EMEA region could grow by approximately $1.78 billion from 2020 to 2024."
Statistic 10
"In Asia Pacific, over 1 million conversion kits were sold in 2020, showing a significant potential for growth."
Statistic 11
"In 2020, approximately 20% of all electric bikes sold in the US were conversions from regular bikes."
Statistic 12
"The online sales channel emerged as the fastest-growing segment in 2019 with a CAGR of 18.8% in the e-bike conversion kit market."
Statistic 13
"In 2020, the US market for e-bike conversion kits grew by 145%."
Statistic 14
"The mid-drive segment is set to achieve the fastest CAGR of 13% in the next 5 years."
Statistic 15
"In 2021, sales of electric bike conversion kits surpassed 500,000 units in France."
Statistic 16
"The electric bike conversion kit market in Italy expanded by 18% in 2020."
Statistic 17
"In 2019, the market share for e-bike conversion kits in North America was approximately 24%."
Statistic 18
"The rear hub motors dominated the electric bike conversion kit market with a share of 62% in 2020."
Statistic 19
"Lithium-ion batteries are predicted to witness the fastest growth at a CAGR of 10.2% from 2021 to 2028 in the electric bike conversion kit market."
Jannik Lindner
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