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Electric Bike Global Market is Expected to Reach $23.83 Billion by 2025

by eBikes International

November 20, 2020 - The global electric bikes market size was valued at $16.34 billion in 2017, and is expected to reach $23.83 billion by 2025, registering a CAGR of 4.9% from 2018 to 2025 reports Allied Market Research.

The e-bike market continues to explode around the world. ©

The global electric bikes industry has been witnessing bright opportunities, owing to government support and growing consumer inclination towards use of e-bikes as an eco-friendly and efficient solution to commute as increasing fuel costs drive the growth of the global electric bikes market.

The North American electric bike market is projected to witness the fastest growth during the forecast period. The higher cost of e-bikes remains an obstacle but investments in R&D to improve battery performance and e-bike infrastructure continue to offer lucrative opportunities.

Read the full report here.

Posted in eNews

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