The Latest E Bike Industry Statistics Explained
The global e-Bike market size was valued at USD 23 billion in 2020.
The statistic stating that the global e-Bike market size was valued at USD 23 billion in 2020 refers to the total value of all e-Bikes sold worldwide during that year. This figure is significant as it highlights the growing popularity and adoption of electric bicycles as an alternative mode of transportation. The market size indicates the scale of economic activity within the e-Bike industry, taking into account factors such as sales volume, prices, and market trends. The USD 23 billion value showcases the substantial market potential and consumer demand for e-Bikes, signaling a shift towards sustainable and eco-friendly transportation options among global consumers.
The e-Bike market is forecast to reach USD 46.04 billion by 2026.
The statistic indicates that the e-Bike market is expected to grow significantly and reach a total value of USD 46.04 billion by 2026. This forecast suggests a rising trend in the popularity and demand for electric bicycles, driven by factors such as increasing awareness of environmental sustainability, improvements in e-Bike technology, and changing consumer preferences towards alternative modes of transportation. The projected market value serves as an indicator of the economic potential and growth opportunities within the e-Bike industry, attracting investments and innovation to meet the anticipated surge in market demand.
e-Bikes in Europe recorded a market share of 17% in 2020.
The statistic “e-Bikes in Europe recorded a market share of 17% in 2020” indicates that electric bicycles represented a significant portion of the overall bicycle market in Europe during the specified year. This suggests a growing trend towards the adoption of e-Bikes as a popular mode of transportation and leisure activity among consumers. The 17% market share highlights the increasing popularity and acceptance of e-Bikes, potentially driven by factors such as environmental concerns, technological advancements, and the desire for alternative and sustainable forms of transportation. As e-Bikes continue to gain traction, the market share percentage signifies the impact and prominence of this segment within the broader European bicycle market landscape.
3.7 million e-bikes were sold in 2020 in Europe.
The statistic “3.7 million e-bikes were sold in 2020 in Europe” indicates the total number of electric bicycles purchased within European markets during the specified year. E-bikes have gained popularity due to their environmentally friendly nature, ease of use, and health benefits. The high sales figure suggests a growing consumer interest in electric biking as a mode of transportation or recreational activity across Europe. This increasing demand may be influenced by factors such as urbanization, government incentives for sustainable transportation, and a shift towards more eco-conscious lifestyles. The statistic highlights the significant market presence and potential growth of the e-bike industry in Europe.
e-Bike sales in the Big Five European markets of France, Germany, Italy, Spain, and UK grew by 23% in 2020.
The statistic indicates that sales of electric bikes (e-Bikes) in the Big Five European markets, including France, Germany, Italy, Spain, and the UK, experienced a significant 23% growth rate in 2020 compared to the previous year. This growth suggests a notable increase in the popularity and adoption of e-Bikes across these major markets, reflecting a growing trend towards sustainable and environmentally friendly modes of transportation. The increase in e-Bike sales could be influenced by various factors such as increased awareness of environmental issues, government incentives promoting electric mobility, and changing consumer preferences towards more active and healthy lifestyles. The statistic highlights the strong market potential for e-Bikes and underscores the ongoing shift towards sustainable transportation options in Europe.
The US electric bicycle market is expected to reach $3.6 billion by 2025.
The statistic that the US electric bicycle market is expected to reach $3.6 billion by 2025 indicates a significant growth trajectory for the industry within the next few years. This projection suggests a strong demand for electric bicycles in the United States, likely driven by factors such as increasing awareness of environmental issues, interest in alternative modes of transportation, and advancements in electric bike technology. The forecasted market value of $3.6 billion further emphasizes the economic impact that electric bicycles are poised to have in the coming years, reflecting both consumer interest and potential business opportunities within the industry.
The e-Bike market in China is expected to grow at a CAGR of over 5% during the period 2019–2025.
The statistic indicates that the e-Bike market in China is anticipated to experience a Compound Annual Growth Rate (CAGR) of more than 5% from the year 2019 to 2025. This means that the market for electric bicycles in China is projected to steadily increase at an average rate of over 5% annually over the mentioned period. This growth rate suggests a positive trend in the demand and adoption of e-Bikes in China, indicating potential market expansion, technological advancements, changing consumer preferences, and possibly supportive government policies promoting eco-friendly transportation solutions. Overall, a CAGR of over 5% indicates a promising outlook for the e-Bike market in China over the specified timeframe.
The online sales channel segment is anticipated to register the fastest CAGR of 7.9% from 2020 to 2027 in the e-bike industry.
The statistic indicates that the online sales channel segment within the e-bike industry is projected to experience the highest Compound Annual Growth Rate (CAGR) of 7.9% from 2020 to 2027 compared to other segments. This suggests that online sales of e-bikes are expected to grow at a faster pace than traditional brick-and-mortar retail channels or other distribution methods. The increasing trend towards online shopping and e-commerce, as well as the convenience and accessibility of purchasing e-bikes online, are likely contributing factors to this anticipated growth. This statistic highlights the importance of digital sales channels in the e-bike industry and forecasts a significant shift towards online retail for e-bikes in the coming years.
In Canada, the total number of e-bike imports increased more than six-fold from 2016 to 2020.
The statistic regarding e-bike imports in Canada shows a substantial growth trend over the specified period of 2016 to 2020. Specifically, the total number of e-bike imports into Canada has increased more than six times during this timeframe. This suggests a significant surge in the popularity and demand for e-bikes within the Canadian market over the years. The exponential growth in imports indicates a shift towards sustainable modes of transportation, potentially driven by environmental consciousness, urban planning initiatives, and lifestyle changes among Canadian consumers. The data reflects a strong market opportunity for e-bike manufacturers and retailers in Canada, highlighting a clear trend towards adopting eco-friendly and innovative transportation solutions.
The pedal-assist segment dominated the e-Bike market, with over 80% revenue share in 2019.
The statistic indicates that in the e-Bike market in 2019, the pedal-assist segment held a significant share of the total revenue generated, accounting for over 80%. This suggests that the majority of e-Bike sales and revenue were driven by pedal-assist models that provide additional power to the rider’s pedaling efforts. The dominance of the pedal-assist segment highlights the popularity and preference for this type of e-Bike among consumers, potentially due to factors such as ease of use, environmental friendliness, and health benefits. Overall, this statistic underscores the strong market position and demand for pedal-assist e-Bikes in 2019.
The Lithium-Ion battery segment accounted for 63.1% of the market share in 2020.
The statistic indicates that the Lithium-Ion battery segment held a market share of 63.1% in 2020, suggesting that it was the dominant technology in the market during that year. This information is important for understanding the competitive landscape and trends within the battery industry. With over three-fifths of the market share, Lithium-Ion batteries likely had a significant impact on the overall market dynamics, such as pricing, innovation, and investment trends. This statistic also hints at the popularity and widespread adoption of Lithium-Ion batteries, showcasing their relevance and importance in various sectors, such as electric vehicles, consumer electronics, and energy storage systems.
The number of e-Bikes on the roads is expected to reach 300 million by the year 2023, up from 200 million in 2019.
The statistic indicates that the number of e-Bikes, which are electric bicycles, is projected to significantly increase from 200 million in the year 2019 to 300 million by 2023. This represents a substantial growth rate in just four years. The rising popularity of e-Bikes can be attributed to several factors such as increasing awareness about environmental sustainability, desire for alternative transportation options, and advancements in technology making e-Bikes more accessible and convenient. This rapid growth in the e-Bike market also signifies a shift towards more eco-friendly modes of transportation and a potential reduction in carbon emissions from traditional gas-powered vehicles.
In Germany, 38% of all bicycles sold in 2019 were e-Bikes.
The statistic indicates that in Germany, e-Bikes accounted for 38% of all bicycle sales in the year 2019. This means that nearly four out of every ten bicycles sold in Germany during that year were electrically powered. The high percentage suggests a growing popularity and demand for e-Bikes in the country, likely driven by factors such as increasing interest in eco-friendly transportation options, advancements in e-Bike technology, and cultural shifts towards active and sustainable lifestyles. Additionally, this statistic highlights the potential impact of e-Bikes on the cycling industry and transportation habits in Germany, emphasizing the importance of incorporating electric bicycles into discussions around urban planning, environmental sustainability, and consumer preferences.
The global e-Bike sharing market is projected to reach USD 68 million by 2027.
The statistic indicates that the global e-Bike sharing market is expected to achieve a total market value of USD 68 million by the year 2027. This projection suggests significant growth within the e-Bike sharing industry, driven by factors such as increasing awareness of sustainable transportation options, technological advancements in e-Bike technology, and the growing popularity of shared mobility services. The anticipated market value implies a growing demand for e-Bike sharing services and presents opportunities for companies operating within this sector to capitalize on the expanding market potential.
The global e-Bike motors market is projected to reach $8.97 billion by 2027.
The statistic indicates that the global e-Bike motors market is expected to experience a substantial growth, with a projected value of $8.97 billion by the year 2027. This suggests a positive trend in the increasing demand and adoption of e-Bikes globally, fueled by factors such as rising awareness about eco-friendly transportation options, preference for healthier lifestyles, and advancements in e-Bike technology. The projected market value reflects potential opportunities for industry players to capitalize on this growing market segment and innovate to meet the evolving consumer needs and preferences in the electric bike industry.
The retail sales of e-Bikes in the US grew by an incredible 144% in 2020.
The statistic that the retail sales of e-Bikes in the US grew by an incredible 144% in 2020 indicates a significant and rapid increase in the popularity and demand for electric bicycles within the country over the course of that year. This growth rate is notably high and suggests a substantial shift in consumer preferences towards environmentally friendly modes of transportation and a desire for more sustainable options. The surge in e-Bike sales could be attributed to various factors, such as increased awareness of the benefits of electric bikes, changing transportation needs due to the COVID-19 pandemic, and a general trend towards eco-friendly and active lifestyles. Overall, this statistic highlights a noteworthy trend in the transportation and retail sectors, signaling a potential long-term shift towards alternative modes of mobility in the US market.
In the US, an estimated 600,000 e-Bikes were sold in 2020.
The statistic that an estimated 600,000 e-Bikes were sold in the US in 2020 reflects a growing trend in the transportation and recreation industries. E-bikes, which are powered by electric batteries to assist with propulsion, have gained popularity due to their eco-friendly nature, convenience, and ability to enhance physical activity. The increasing interest in e-bikes can be attributed to several factors, such as concerns for the environment, advancements in technology, and changes in urban mobility patterns. This statistic signifies the significant uptake of e-bikes as a mode of transportation and leisure activity in the US, highlighting a shift towards more sustainable and innovative modes of mobility.
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