{"id":399,"date":"2022-04-08T07:54:17","date_gmt":"2022-04-08T07:54:17","guid":{"rendered":"https:\/\/www.innoviusresearch.com\/blog\/?p=399"},"modified":"2022-04-08T08:08:05","modified_gmt":"2022-04-08T08:08:05","slug":"global-e-bike-market-snapshot","status":"publish","type":"post","link":"https:\/\/www.innoviusresearch.com\/blog\/infographics\/global-e-bike-market-snapshot\/","title":{"rendered":"Global E-bike Market Snapshot"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\"><strong>Introduction<\/strong><\/h5>\n\n\n\n<p>A bicycle with an integrated electric motor driving mechanism and battery that provides power for causing or helping propulsion is known as an <strong>electric bike<\/strong>. E-bikes ranging from a small motor to help the rider&#8217;s pedal power to more powerful e-bikes that give energy to completely drive the bike through throttle are all available worldwide. When compared to traditional bicycles, e-bikes allow riders to pedal longer and more often. It is also beneficial to individuals with restricted mobility and provides a less expensive alternative to driving.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/04\/Picture5-767x1024.png\" alt=\"\" class=\"wp-image-410\" width=\"749\" height=\"999\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/04\/Picture5-767x1024.png 767w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/04\/Picture5-225x300.png 225w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/04\/Picture5-768x1025.png 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/04\/Picture5-1151x1536.png 1151w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/04\/Picture5-1535x2048.png 1535w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/04\/Picture5-1568x2092.png 1568w\" sizes=\"auto, (max-width: 749px) 100vw, 749px\" \/><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Global E-bike Market Overview<\/strong><\/h5>\n\n\n\n<p>In <strong>2020<\/strong>, the global e-bike market was valued at <strong>$25 billion<\/strong>, and the market is expected to grow and reach <strong>$48.5 billion <\/strong>by 2028, at a CAGR of <strong>9.95%<\/strong> during the forecasted period <strong>2021-2028<\/strong>.<\/p>\n\n\n\n<p>Out of the total global e-bike market, the <strong>Asia-Pacific<\/strong> region held the <strong>largest market share <\/strong>of around <strong>63%<\/strong>, followed by Europe at <strong>31.4%<\/strong>, and North America at <strong>3.9%<\/strong>.<br><br>Governments throughout the world are taking steps to <strong>minimize carbon footprints <\/strong>by promoting the <strong>use of electric bikes<\/strong>, <strong>electric automobiles<\/strong>, and <strong>bicycles<\/strong>, as people become more conscious of the dangers of driving vehicles that depend on fossil fuels. Furthermore, governments are developing bicycle-friendly roadways, which encourage people to use bicycles as a primary form of transportation. For example, in June 2019, the Indian government announced a proposal to reduce the goods and services tax (GST) on e-cars from 12% to 5% in order to accelerate the adoption of electric vehicles.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<p>Furthermore<strong>, infrastructure facilities <\/strong>such as guarded bicycle parking facilities, the construction of more bicycle (express) routes, and the establishment of battery charging stations by governments in many countries significantly increase user adoption of electric bikes, thereby propelling the E-bikes market&#8217;s growth.<br><br>The rise in worldwide fuel prices, rising pollution, and traffic congestion, particularly in metropolitan areas, have boosted the appeal of electric bikes on every continent. The higher operating and maintenance expenses of gasoline vehicles cause a shift in preference for electric bikes in daily commuting, propelling the E-bikes market growth.<\/p>\n\n\n\n<p>E-bikes are <strong>less costly <\/strong>than vehicles, do not need a license, and can be utilized on existing bike paths. Sanyo (Japan), for example, created two solar parking lots in Tokyo where about 100 electric bicycles may be recharged using solar panels. Even the existing companies&#8217;\u00a0continual technical improvements in e-bikes are fueling market expansion.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p id=\"block-26352285-b838-4bd7-a0cf-7c43b0a13f89\"><strong>Data Sources:<\/strong> <strong><a href=\"http:\/\/statista.com\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"Statista\">Statista<\/a>,<a href=\"https:\/\/www.verifiedmarketresearch.com\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"Verified Market Research\"> <\/a><a href=\"https:\/\/www.psmarketresearch.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"P&amp;S Intelligence\">P&amp;S Intelligence<\/a><\/strong>, <strong><a href=\"https:\/\/www.imarcgroup.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"IMARC\">IMARC<\/a>,<\/strong> and others<\/p>\n\n\n\n<hr class=\"wp-block-separator\" id=\"block-1c131eef-510d-4394-b182-df0724fce0d8\"\/>\n\n\n\n<p id=\"block-279b3db2-e27c-4c48-9c3f-9cd0bcc5c592\"><em>To know more about the E-Bike market in detail please\u00a0<strong><a href=\"https:\/\/www.innoviusresearch.com\/contact-us.php\">Contact Now<\/a><\/strong><\/em><\/p>\n\n\n\n<p id=\"block-cbe40298-31cb-4f7b-bd9f-7d3f6d836c4a\">Read more\u00a0<strong><a href=\"https:\/\/www.innoviusresearch.com\/blog\/category\/market-report\/\">Market Reports<\/a><\/strong> and view <a href=\"https:\/\/www.innoviusresearch.com\/blog\/category\/infographics\/\" title=\"Infographics\"><strong>Infographics<\/strong><\/a>.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Introduction A bicycle with an integrated electric motor driving mechanism and battery that provides power for causing or helping propulsion is known as an electric bike. E-bikes ranging from a small motor to help the rider&#8217;s pedal power to more powerful e-bikes that give energy to completely drive the bike through throttle are all available&hellip; <a class=\"more-link\" href=\"https:\/\/www.innoviusresearch.com\/blog\/infographics\/global-e-bike-market-snapshot\/\">Continue reading <span class=\"screen-reader-text\">Global E-bike Market Snapshot<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/comments?post=399"}],"version-history":[{"count":8,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/399\/revisions"}],"predecessor-version":[{"id":433,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/399\/revisions\/433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/media\/412"}],"wp:attachment":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/media?parent=399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/categories?post=399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/tags?post=399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}