Electric Bikes Global Market Report 2024

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Electric Bikes Global Market Report 2024
Global Forecast 2024 2033 Market Size, Drivers,
And Trends
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Electric Bikes Market Segments
The Business Research Company segments the
electric bikes market report as
Class-I, Class-II, Class-III
By Class
Mid Motor, Hub Motor
By Motor Type
Lead Acid, Lithium ion (Li-ion), Nickel-Metal
Hydride (NiMH), Other Battery Types
By Battery Type
By Application
Mountain Or Trekking, City Or Urban, Cargo, Other
Applications
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Market Statistics
The global Electric Bikes market size grew
from 49.54 billion in 2023 to 56.79 billion in
2024 at a compound annual growth rate (CAGR) of
14.6. The Electric Bikes market size is expected
to grow to 96.59 billion in 2028 at a compound
annual growth rate (CAGR) of 14.2.
96.59 B
56.79 B
49.54 B
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Key Market Drivers And Trends
Drivers
The implementation of government regulations to
encourage electric bikes is expected to propel
the growth of the electric bikes market going
forward.
Trends
Technological advancements is a key trend gaining
popularity in the Electric Bikes market.
Region
Asia-Pacific was the largest region in the
Electric Bikes market in 2023. The regions
covered in the Electric Bikes market analysis
report are Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, Middle East
and Africa.
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Top Eleven Players In The Market

• Major players in the market are
• Panasonic Corporation,
• Yamaha Motor Company,
• Mahindra Mahindra
• Pon Holdings BV, Giant
• Manufacturing Co. Ltd.,
• Pon Bicycle Holding B.V

• Yadea Group Holdings Ltd.,
• Accell Group NV,
• Trek Bicycle Corporation,
• Merida Industry Co. Ltd.,
• Tianjin Golden Wheel Bicycle Group

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   against key competitors.
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