The Latest Electric Bike Industry Statistics Explained
The global e-bike market was valued at USD 15.42 billion in 2019.
The statistic ‘The global e-bike market was valued at USD 15.42 billion in 2019’ indicates the total financial worth of electronic bicycles sold worldwide in that particular year. This figure serves as a numerical representation of the market size and economic importance of e-bikes within the global transportation industry. The high valuation suggests a significant consumer demand for e-bikes, likely driven by factors such as increasing awareness of sustainable transportation options, technological advancements in e-bike design, and government initiatives promoting eco-friendly modes of mobility. This statistic provides valuable insights for stakeholders in the e-bike industry, policymakers, and investors to understand the current market trends and potential growth opportunities within the e-bike market.
The annual growth rate of the global e-bike market is projected to be 7.9% from 2020 to 2027.
The statistic regarding the annual growth rate of the global e-bike market projected at 7.9% from 2020 to 2027 indicates the estimated average rate at which the market is expected to increase annually over the specified timeframe. This means that the market value of e-bikes worldwide is forecasted to grow by 7.9% each year from 2020 to 2027. This projection suggests a positive trend in the e-bike industry, highlighting potential opportunities for manufacturers, retailers, and other stakeholders in the market to capitalize on the increasing demand for electric bicycles globally. This growth rate can serve as a valuable insight for businesses and investors looking to make strategic decisions regarding investments, expansions, and marketing strategies in the e-bike sector.
Nearly 130 million e-bikes are expected to be sold globally from 2020 to 2023.
The statistic indicates that a total of approximately 130 million electronic bicycles (e-bikes) are forecasted to be purchased worldwide between the years 2020 and 2023. This suggests a significant and increasing trend in the adoption of e-bikes as a mode of transportation and recreation globally. The growing popularity of e-bikes can be attributed to factors such as increasing awareness of environmental sustainability, advancements in technology making e-bikes more efficient and affordable, as well as the desire for healthier and more active lifestyles. This statistic underscores the substantial market demand for e-bikes and highlights a shift towards sustainable transportation options in the coming years.
In 2018, over 40 million e-bikes were sold worldwide.
The statistic ‘In 2018, over 40 million e-bikes were sold worldwide’ highlights a significant trend in the global transportation and leisure industry. The data reveals a growing popularity and adoption of electric bicycles as an eco-friendly and convenient mode of transportation, as well as a recreational device. The high number of e-bikes sold indicates a strong consumer demand for this alternative to traditional bicycles and cars, driven by factors such as increasing urbanization, concerns about environmental sustainability, and technological advancements in battery technology. This statistic underscores the rapid growth of the e-bike market and suggests a shift towards more sustainable and energy-efficient modes of personal transportation on a global scale.
China is the largest market for e-bikes, accounting for over 90% of the global volume in 2019.
This statistic implies that out of all the e-bikes manufactured and sold globally in 2019, over 90% were attributed to the Chinese market. This means that China is the primary consumer and producer of e-bikes, significantly dominating the global market in terms of volume. The high market share suggests a strong demand for e-bikes in China, likely driven by factors such as population density, urbanization, environmental concerns, and government policies promoting sustainable transportation. The statistic highlights China’s significant influence on the e-bike industry and its pivotal role in shaping the future of electric mobility.
The European e-bike market is expected to achieve a market volume of US$10,675m by 2025.
The statistic suggests that the European market for electric bicycles (e-bikes) is projected to grow significantly over the next few years, with a forecasted market size reaching US$10,675 million by 2025. This estimate reflects an increasing trend in the popularity and adoption of e-bikes as a sustainable and efficient mode of transportation in Europe. The expected market volume indicates a growing consumer demand for e-bikes in the region, driven by factors such as environmental awareness, urbanization, health considerations, and government incentives promoting cycling as a means of transport. This statistic signals a promising outlook for the e-bike industry in Europe, highlighting a strong market potential and opportunities for growth in the coming years.
Germany is the largest market for e-bikes in Europe.
The statement “Germany is the largest market for e-bikes in Europe” indicates that Germany has the highest levels of e-bike sales and usage compared to other European countries. This statistic suggests that e-bikes are popular and have gained significant market penetration in Germany, outpacing other countries in the region. Factors such as infrastructure, consumer preferences, regulations, and marketing efforts may be contributing to the dominance of e-bikes in the German market. This information is valuable for businesses looking to enter the e-bike market in Europe, as it highlights the potential for growth and success in Germany specifically.
There was a 92% year-on-year increase in e-bike sales in the USA in 2020.
The statistic ‘There was a 92% year-on-year increase in e-bike sales in the USA in 2020’ indicates that the number of electric bicycle sales rose significantly from one year to the next. Specifically, the sales of e-bikes in the United States more than doubled in 2020 compared to the previous year, showing a substantial growth rate of 92%. This growth suggests a surging interest and demand for e-bikes among consumers in the US market. Such a substantial increase in sales may be attributed to various factors such as changes in consumer preferences, advancements in technology, environmental concerns, and shifts in transportation habits, highlighting the expanding market for electric bicycles in the country.
More than 21% of Danish people have an electric bicycle.
The statistic indicates that a substantial portion of the Danish population, specifically more than 21%, own an electric bicycle. This information suggests that electric bikes are popular and widely adopted in Denmark, likely due to factors such as the country’s favorable cycling infrastructure, emphasis on sustainability, and the benefits of electric bikes in terms of ease of transportation and physical activity. The high prevalence of electric bicycles among the Danish population illustrates a cultural affinity for cycling and a willingness to embrace alternative modes of transportation, which can have positive implications for reducing carbon emissions and promoting a more active lifestyle among residents.
E-bike sales are predicted to reach 40 million units by the year 2023.
The statistic that E-bike sales are predicted to reach 40 million units by the year 2023 signifies a substantial growth in the market for electric bicycles. This prediction suggests a significant increase in consumer demand for E-bikes over the next few years, likely driven by factors such as a growing interest in sustainable transportation options, advancements in E-bike technology, and a shift towards more eco-friendly modes of urban mobility. If this prediction holds true, it would imply a major shift in the transportation industry towards electrically powered vehicles and further highlights the potential for E-bikes to become a mainstream mode of transportation in the near future.
The average cost of an e-bike in the USA is $3,000.
The statistic that the average cost of an e-bike in the USA is $3,000 indicates that if you were to randomly select an e-bike from a sample of e-bikes available for purchase in the USA, the average price you would expect to encounter is $3,000. This average cost represents the central tendency of e-bike prices in the USA and can be used as a rough estimate for planning purposes or comparisons. However, it’s important to note that individual e-bike prices can vary significantly around this average, influenced by factors such as brand, features, quality, and demand, among others.
Mid-drive motors represented the majority share in the e-bike motors market in 2019.
The statistic indicates that mid-drive motors held the largest market share among all types of e-bike motors in 2019. This suggests that the majority of e-bikes sold in that year were equipped with mid-drive motors compared to hub motors or other types. The popularity of mid-drive motors could be attributed to factors such as better weight distribution, more efficient power transfer, and improved torque for climbing hills. This statistic provides valuable insights into consumer preferences and the trend towards mid-drive motor technology in the e-bike market during 2019.
The adult consumer group is expected to witness the fastest growth in the e-bike market over the next seven years.
The statistic suggests that the adult consumer group is projected to experience the most rapid expansion within the e-bike market in the coming seven years. This trend indicates a rising demand for e-bikes among adults, potentially driven by factors such as increasing awareness of environmental sustainability, a desire for alternative modes of transportation, and advancements in e-bike technology making them more appealing to a wider audience. As a result, manufacturers and retailers operating in the e-bike industry may need to adapt their marketing strategies and product offerings to cater to the evolving preferences and needs of adult consumers, in order to capitalize on this anticipated growth opportunity over the forecast period.
In 2020, Europe had an increase of 23% in e-bike sales.
The statistic “In 2020, Europe had an increase of 23% in e-bike sales” indicates that the sales of electronic bicycles in Europe experienced a notable rise of 23% from the previous year. This increase signifies a significant growth in the demand for e-bikes within the European market during 2020. Factors such as the increasing awareness of sustainable transportation options, improving technology, and changing consumer preferences may have contributed to this surge in sales. The statistic highlights a trend towards the popularity and adoption of e-bikes as a viable mode of transport in Europe, showcasing a shift towards more environmentally friendly and cost-effective means of commuting and leisure.
The e-bike market for individuals aged 50 and above is expected to grow at a compound annual growth rate of 8.2% from 2020 to 2027.
This statistic indicates that the e-bike market targeted towards individuals aged 50 and above is projected to experience significant growth over the period from 2020 to 2027. The compound annual growth rate of 8.2% suggests that the market size for e-bikes among this demographic is expected to increase steadily each year at a rate of 8.2%. This growth rate signifies a positive trend in consumer interest and adoption of e-bikes among older individuals, potentially driven by factors such as health and wellness benefits, environmental consciousness, and advancements in e-bike technology. Overall, this statistic highlights the expanding opportunities and market potential within the e-bike industry for the older age group in the coming years.
France had the second-largest e-bike market in Europe in 2019.
This statistic indicates that in 2019, France was ranked second among European countries in terms of the size and importance of its e-bike market. This means that France had the second-highest number of e-bike sales or the second-highest market penetration rate for e-bikes compared to other European countries during that year. This ranking suggests that e-bikes were popular and widely adopted in France, reflecting a growing trend towards sustainable transportation options and an increasing interest in electric-powered vehicles in the country.
More than 600,000 e-bikes were sold in Germany in 2017.
The statistic that more than 600,000 e-bikes were sold in Germany in 2017 indicates a significant growth in the popularity and adoption of electric bicycles in the country. This substantial sales figure reflects a growing trend towards more environmentally friendly modes of transportation, as e-bikes offer a greener alternative to traditional vehicles. The high number of e-bike sales also suggests a shift towards embracing technology and innovation in the bicycle industry. Furthermore, the strong consumer demand for e-bikes in Germany points towards a potential increase in cycling infrastructure and policies to support sustainable transportation initiatives in the future.
The global off-road e-bike market size is projected to reach USD 543 million by 2025.
The statistic indicates that the global off-road e-bike market is forecasted to grow substantially and reach a total value of USD 543 million by the year 2025. This projection suggests a significant increase in demand for off-road electric bikes, driven by factors such as rising interest in outdoor activities, technological advancements in e-bike manufacturing, and a push towards sustainable transportation options. The estimated market size provides insight into the potential growth opportunities in the off-road e-bike sector and underscores the growing importance of electric bicycles in the global cycling industry.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.ebicycles.com
2. – https://www.www.deloitte.com
3. – https://www.www.bicycleretailer.com
4. – https://www.www.cyclinguk.org
5. – https://www.www.statista.com
6. – https://www.www.globenewswire.com
7. – https://www.cyclingindustry.news
8. – https://www.www.marketsandmarkets.com
9. – https://www.www.cnbc.com
