On the Rise: Forecasted Growth to USD 70 Billion for Global Electric Bike Market by 2030

 In 2022, the global electric bike (eBike) market size reached USD 41 billion, and it is poised to expand to USD 70 billion by 2030, with a Compound Annual Growth Rate (CAGR) of approximately 8% during the forecast period.

Government incentives and stringent regulations favoring electric bikes are key drivers expected to propel the market’s growth. Additionally, the global electric bicycle industry is witnessing growth due to consumers’ increasing preference for e-bikes as an eco-friendly and cost-effective mode of commuting.

The surge in demand for outdoor and adventure sports, coupled with the integration of e-bike applications in various sectors like logistics and rental services, is set to further boost the market.

The rising trend of urbanization, along with the escalating vehicular traffic congestion, is leading to a heightened adoption of electric bikes. With their power capacity, extended range, and moderate speed, electric bikes are emerging as a viable and efficient transportation alternative.

​About VynZ Research:
VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. VynZ has a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.
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