Top Companies in E-bike Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
E-bike Market is projected to reach a value of USD 95.24 Billion by 2028 at a CAGR of 10.32% over the forecast period.
The Global E-bike Market is valued at USD 43.41 Billion in 2021 and is projected to reach a value of USD 95.24 Billion by 2028 at a CAGR of 10.32% over the forecast period. Electric bikes are becoming increasingly popular due to continued attempts by automakers to reduce their size, increase battery capacity, and enhance overall engine performance. As a result, OEMs are using these consumer offerings as an opportunity to enter lucrative markets for electric bikes.
The expansion of the E-bike market is likely influenced by the growing awareness of the negative consequences of fossil fuel-powered vehicles and the implementation of government legislation to promote the usage of electric bikes to reduce carbon footprints.
The market is anticipated to expand due to factors such as consumer preference for using E-bikes as an effective and environmentally friendly means of transportation, rising fuel prices, and increasing interest in cycling as fun and exercise. Additionally, battery technology and bicycle infrastructure advancements are anticipated to present an attractive potential for expanding the electric bike market.
Important market participants use many growth methods, including geographic expansion and the introduction of new products, to increase their market share. As a result, globally renowned companies, including Haibike (Netherlands), Specialized Bicycle Components (US), Pedego (US), TrekBicycle Corporation (US), GoCycle, Giant Bicycles (Taiwan), Riese&Möller (Germany), Evelo (China), Stromer (Switzerland), and Raleigh Bikes (US), among others, dominate the e-bike market.
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Let’s Look at the Top Companies That are Taking the E-bike Market by Storm
- Haibike (Netherlands)
Haibike produces and creates electric and performance motorcycles for various target markets. In addition, HaibikeePerformance bicycles boast cutting-edge design, creativity, and engineering from conception to completion. Haibike, the market leader in ePerformance, provides the complete lineup.
- Specialized Cycling Components (US)
This Company designs and produces bicycles and bicycle parts. Mountain bikes, road bikes, transport bikes, exercise bikes, turbo e-bikes, path and gravel bikes, and kid's bikes are among the company's products. The company Specialized Bicycle Components Holding sells its goods all over the world.
The Company Pedego Electric Inc makes electric bicycles. The business sells cruiser, mountain, low-step, freight, electric, foldable, and adult tricycles. Pedego Electric serves customers in the State of California.
- TrekBicycle Corporation (US)
The Trek Bicycle Corporation sells bicycles and clothing. The company sells things like jerseys, shoes, lighting, and helmets. Worldwide clients are served by Trek Bicycle.
- Giant Bicycles(Taiwan)
Giant Bicycle Inc. produces and sells bicycle-related goods. The business manufactures bicycles, bicycle parts, and other goods. Products from Giant Bicycle are sold all around Taiwan.
The Washington-based Evelo Inc. manufactures recreational products. The business provides repair services, parts, and electric bicycles. Customers of Evelo can be found in both Canada and the US.
- Raleigh Bikes (US)
Raleigh Cycle, Limited was established as a special-purpose acquisition business to purchase Derby Cycle Corporation, a producer of bicycles. The management of Derby Cycle Corporation founded the company.
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