The Latest Ebike Industry Statistics Explained
Global e-bike market is projected to reach $46.04 billion by 2026, at a CAGR of 7.5%.
The statistic indicates that the global e-bike market is forecasted to grow significantly, with a projected value of $46.04 billion by the year 2026. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 7.5%, reflecting a steady and consistent increase in market size over the forecast period. The rising popularity of e-bikes as an eco-friendly and cost-effective mode of transportation, coupled with advancements in technology and infrastructure supporting e-bike usage, are likely driving factors behind this projected growth in the market.
In 2018, Europe had the highest e-bike market share at about 36.32%.
The statistic states that in 2018, Europe held the largest market share of e-bikes globally, accounting for approximately 36.32% of the total market. This means that more than one-third of e-bikes sold worldwide in 2018 were in Europe. This high market share indicates a strong consumer demand for e-bikes in Europe, likely driven by factors such as a growing interest in sustainable transportation options, government incentives promoting electric mobility, and increasing awareness of the benefits of e-bikes for commuting and recreational purposes. The statistic highlights Europe as a key market for e-bike manufacturers and suggests potential opportunities for further growth and innovation in the region’s electric bike industry.
The pedelecs segment was the highest contributor to the market, with $13.15 billion in 2017.
The statistic refers to the fact that in 2017, the pedelecs segment made the largest financial contribution to the market, amounting to $13.15 billion. This indicates the significant popularity and economic importance of pedelecs, which are electric bicycles that provide pedal assistance. The high market value of the pedelecs segment suggests that consumers are increasingly interested in environmentally friendly and efficient modes of transportation. The substantial monetary figure highlights the potential for growth and investment within the pedelecs industry, as well as the shifting consumer preferences towards sustainable transportation options.
It’s estimated that 130 million e-bikes will be sold worldwide between 2020 and 2023.
This statistic indicates that a projected total of 130 million electric bicycles, or e-bikes, are expected to be sold globally within the timeframe of 2020 to 2023. E-bikes have gained popularity as a more eco-friendly and efficient mode of personal transportation, especially in urban areas. The estimated sales figure suggests a growing consumer interest in e-bikes and a shift towards sustainable mobility options. This statistic reflects the increasing adoption of e-bikes as a viable alternative to traditional bicycles or automobiles in various parts of the world, potentially signaling a trend towards more environmentally conscious transportation choices.
though the U.S. e-bicycle market is smaller than that of Europe and Asia, it doubled in size between 2016 and 2017 from $64.9 million to $136.2 million.
The statistic provided indicates that the U.S. e-bicycle market has experienced significant growth within a one-year period. Despite its smaller size compared to the markets in Europe and Asia, the U.S. market doubled in size between 2016 and 2017, increasing from $64.9 million to $136.2 million. This growth rate is notably substantial and suggests a rising popularity and adoption of e-bicycles among consumers in the United States. This trend could be driven by various factors such as increasing awareness of sustainability, health consciousness, technological advancements, and infrastructure developments supporting e-bike usage. The rapid expansion of the U.S. e-bicycle market in such a short timeframe could present opportunities for businesses and investors to capitalize on the growing demand for electric bicycles in the country.
As of 2019, about half of the e-bike sales in the U.S comprised of models priced at over $2,000.
This statistic indicates that as of 2019, approximately 50% of the e-bike sales in the U.S consisted of e-bike models priced at over $2,000. This suggests that high-end e-bikes, which are typically more expensive due to advanced features and technologies, were popular among consumers in the U.S. It demonstrates a significant market share for premium-priced e-bikes, highlighting a growing demand for higher-end products in the electric bike industry. This trend may be driven by factors such as improved battery technology, better performance capabilities, and increased consumer interest in sustainable transportation options.
In 2022, about 15% of cycling-related sales in Germany were e-bikes.
The statistic ‘In 2022, about 15% of cycling-related sales in Germany were e-bikes’ indicates that e-bikes, which are bicycles equipped with an electric motor, accounted for approximately 15% of all cycling-related sales within the German market that year. This suggests a significant presence of e-bikes in the cycling industry of Germany, with a notable portion of consumers opting for the convenience and benefits offered by electrically-assisted bicycles. The statistic reflects the growing popularity and adoption of e-bikes as a preferred mode of transportation or recreational activity among consumers in Germany, signaling a shift towards more sustainable and technologically advanced forms of cycling in the country’s market.
By 2025, the e-bike sales volume in China is prognosis to surpass 28 Million units.
The statistic suggests that the sales volume of e-bikes in China is expected to exceed 28 million units by the year 2025. This indicates a significant growth trend in the e-bike market within China, reflecting a strong consumer demand for electric bicycles in the country. The predicted increase in sales volume highlights the popularity and adoption of e-bikes as a mode of transportation in China, likely driven by factors such as increasing urbanization, environmental concerns, and advancements in e-bike technology. This projection underscores the potential for continued expansion and development of the e-bike industry in China over the coming years.
The global e-bike market is dominated by five players including Accell Group, Derby Cycle, Giant Manufacturing Co., Ltd, Jiangsu Xinri E-Vehicle Co., Ltd, and Pedego Electric Bikes accounting for 13.68% of the overall market share in 2018.
In 2018, the global e-bike market was primarily led by five key players: Accell Group, Derby Cycle, Giant Manufacturing Co., Jiangsu Xinri E-Vehicle Co., and Pedego Electric Bikes. These companies collectively held a significant market share of 13.68%, indicating their dominant presence and influence in the industry. This suggests that these players are major contenders in the e-bike market, likely due to factors such as brand reputation, product quality, innovation, and market reach. Their substantial market share implies that they have effectively captured a sizable portion of consumer demand and have established themselves as key players shaping the competitive landscape of the global e-bike market.
The Netherlands is the leader in terms of value in Europe’s e-bike market with a 38% share in 2016.
The statistic indicates that in 2016, the Netherlands held the highest market share in terms of value within the e-bike market across Europe, accounting for 38% of the total market value. This suggests that the Netherlands has a strong presence and dominance in the e-bike industry compared to other European countries. The high market share could be attributed to factors such as favorable government policies, infrastructure that supports cycling, and a culture that promotes sustainable transportation. This statistic highlights the Netherlands as a key player in the e-bike market within Europe and underscores the country’s significant contribution to the overall value generated by the e-bike industry in the region.
The Asia-Pacific region dominated the e-bike market with a share of 90% in 2019.
The statistic indicates that in 2019, the Asia-Pacific region had a significant market share, accounting for 90% of the global e-bike market. This dominance suggests that the Asia-Pacific region is a key player in the e-bike industry, likely due to factors such as high demand, production capabilities, and favorable market conditions within the region. The strong presence of the Asia-Pacific region in the e-bike market may have implications for the industry’s dynamics, influencing trends, competition, and innovation in the evolving market landscape.
In 2020, there was a 145% surge of e-bike sales in the U.S.
The statistic stating that there was a 145% surge in e-bike sales in the U.S. in 2020 indicates a significant and substantial increase in the popularity and adoption of e-bikes within the country. A 145% surge means that the sales more than doubled, showing a remarkable growth trend in consumer demand for electric bicycles. This surge could be driven by various factors such as an increased focus on sustainable transportation options, the desire for alternative modes of commuting amid the COVID-19 pandemic, as well as advancements in e-bike technology making them more appealing to a broader range of consumers. The statistic highlights a notable shift towards environmentally friendly and efficient modes of transportation in the U.S. and signifies a potential shift in the mobility landscape.
Currently, about 34% of all bicycles sold in the Netherlands are e-bikes.
The statistic that currently about 34% of all bicycles sold in the Netherlands are e-bikes indicates a significant trend towards the adoption of electrically assisted bicycles in the country. This percentage suggests that e-bikes have gained popularity as a preferred choice among consumers in the Dutch cycling market. The data highlights the growing importance of e-bikes as a segment within the overall bicycle industry in the Netherlands, potentially reflecting shifting consumer preferences towards more energy-efficient and convenient modes of transportation. Additionally, the statistic implies that e-bikes are becoming increasingly integrated into everyday cycling practices in the Netherlands, showcasing a shift towards sustainable and technologically advanced transportation options.
The global e-bike market is anticipated to grow to USD 10,786.24 million by 2030, at a CAGR of 7.51% during the forecast period (2021-2030).
The statistic indicates that the global e-bike market is projected to increase in value to USD 10,786.24 million by the year 2030, with a Compound Annual Growth Rate (CAGR) of 7.51% over the forecast period from 2021 to 2030. This suggests that there is significant potential for growth and expansion in the e-bike industry in the coming years. The CAGR provides a useful indication of the average annual growth rate of the market during this period, reflecting sustained growth trends. This forecast highlights the increasing popularity and demand for e-bikes worldwide, driven by factors such as environmental concerns, technological advancements, and changing consumer preferences towards sustainable and efficient modes of transportation.
A 2020 report says there are about 22 million e-bike users in Japan.
The statistic that a 2020 report indicates there are approximately 22 million e-bike users in Japan implies a significant penetration of e-bikes within the country. This data suggests a widespread adoption and use of electric bicycles as a mode of transportation or leisure among the Japanese population. The high number of e-bike users signifies a growing trend toward sustainability and eco-friendly transportation options, potentially reducing the reliance on traditional vehicles and promoting a more active lifestyle. Moreover, this statistic may also indicate a shift in consumer preferences towards efficient and cost-effective transportation solutions in urban and rural areas of Japan.
Global annual e-bike sales are predicted to reach about 40 million units by 2023.
The statistic states that global annual e-bike sales are projected to reach around 40 million units by the year 2023. This prediction highlights the growing popularity and demand for electric bicycles worldwide, indicating a significant upward trend in the e-bike market. Factors contributing to this expected increase in sales may include advancements in e-bike technology, rising awareness of environmental sustainability, and shifting preferences towards alternative modes of transportation. The forecasted sales figure of 40 million units serves as a reflection of the expanding e-bike industry and the evolving consumer landscape towards more eco-friendly and efficient transportation options.
In 2019, e-bikes accounted for 17% of total bicycle sales in the US, up from 9% in 2017.
The statistic indicates that there has been a significant increase in the popularity and sales of e-bikes in the US between 2017 and 2019. Specifically, in 2019, e-bikes made up 17% of total bicycle sales in the country, compared to just 9% in 2017. This demonstrates a notable upward trend in consumer preference for e-bikes over traditional bicycles in just a two-year period. The surge in e-bike sales could be attributed to various factors such as advancements in technology, increased awareness of the benefits of e-bikes, and changing consumer preferences towards more eco-friendly and convenient transportation options.
Conclusion
Overall, the statistics presented in this blog post highlight the rapid growth and widespread popularity of the Ebike industry. With increasing adoption rates and favorable market trends, it is clear that Ebikes are becoming a significant player in the global transportation and outdoor recreation sectors. As technology advances and consumer demand continues to rise, it will be interesting to see how the industry evolves in the coming years.
References
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