The global E-Bike Market is likely to reach $38.6 billion by 2025 which was valued at $21.1 billion in 2018 at a CAGR of 9.01% during the forecast period.
The North American region will most likely be the fastest growing region, quickly followed by Europe, as there has been a growing demand for alternative mobility options in these regions.
Though, there has been a rise in the demand for E-Bikes, batteries and motors still remain a major challenge due to their shorter life span. Also, the riding range is comparatively shorter on an electric bike.
E-Bikes have zero emissions and naturally are environment friendly, they help in saving fuel and becoming energy independent, and are a lot cheaper to maintain.
By propulsion there are two kinds of E-Bikes in the market i.e. Pedal Assisted and Throttle Assisted. By application there are three kinds of E-Bikes available in the market i.e. City, Trekking and Cargo.