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This study examines the global e-bike market. An e-bike is defined as a conventional bicycle featuring pedals and an integrated electric motor, both of which can be used to propel the rider. Typically, e-bikes are powered by rechargeable lithium ion batteries.
While some e-bikes feature a small motor to assist the riders pedaling, others have much more powerful motors, allowing them to reach higher speeds, travel greater distances, and function more like mopeds and scooters than conventional bicycles.
Although new regulations have been adopted for e-bikes all over the world in recent years, e-bikes typically do not require a license or insurance and do not need to be registered.
Commuter-type e-bikes are the most commonly used product type globally, although specialty models – such as e-mountain bikes and e-cargo bikes – have grown in popularity.
How will the COVID-19 coronavirus impact the global economy? The Freedonia Group is tracking recent developments and analyzing their impact in an easy to follow Economic Impact Tracker.
This study presents historical demand for 2009, 2014, and 2019, and forecasts growth for 2024 for 19 countries.
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