In its latest study, “Electric Bike Market: Worldwide Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027,” FMI provides vital insights into the global electric bike market. The global electric bike market has a favorable long-term outlook, with the market value predicted to grow at a CAGR of 3.1 percent over the forecast period (2017-2027). The lead-based battery category in the electric bike market is estimated to grow at a value CAGR of more than 3% throughout the forecast period. Between 2017 and 2027, the global market for battery electric bikes is expected to grow by 6.1 billion dollars. Asia Pacific excluding Japan (APEJ) is expected to account for 81 percent of global value. In its latest study, “Electric Bike Market: Worldwide Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027,” FMI provides vital insights into the global electric bike market. By the end of 2017, the worldwide electric bike market was predicted to be dominated, and this trend is expected to continue over the forecast period. FMI sheds light on the drivers and restraints that are likely to affect the electric bike industry throughout this period in this study.
Market Forecasts for Electric Bikes in Different Regions
Between 2017 and 2027, the APEJ electric bike industry is predicted to offer a large incremental opportunity. Between 2017 and 2027, the APEJ electric bike market is estimated to generate a total additional potential of US$ 6.1 billion.
Electric Bike Market Participants
EQUITY Motorcycles, Hero Electric Vehicles Private Limited, Gogoro Inc., GOVECS GmbH, Vmoto Limited, Honda Motor Co. Ltd., Piaggio & C. SpA, Terra Motors Corp., Bayerische Motoren Werke AG, Jiangsu Xinri E-Vehicle Co. Ltd., Giant Manufacturing Co. Ltd., Emotion Bikes USA, Pedego Electric Bikes, Volt, Energica Motor Company S.p.A., Zero Motorcycles, Inc., Mahindra Ganze, Derby Cycle, and Accell Group.