CHECK ELECTRIC BICYCLE & ELECTRIC TRIKE

MARKET SIZE, GROWTH, OUTLOOK, TRENDS, SHARE

The market share of electric bicycles and electric tricycles are increasing at an unstoppable rate year after year, no matter pedal-assisted or throttle-assisted ebike, and this can be attributed to the fact that electric bikes have many merits. Electric bikes are a convenient, adaptable, environmentally friendly and stylish means of transportation. It is considered as the best alternative to scooters, smart cars and public transportation by consumers. Electric bicycles help reduce traffic congestion due to their smaller size, ability to travel further on a single charge, and positive health effects. In addition a number of other factors, such as the implementation of government regulations, consumer preference for environmental awareness and increasing fuel costs, will lead to increasing sales and market share of e-bikes in the future.

KEY FEATURE:

※ The global electric bike market size is anticipated to grow at the highest Market CAGR of 13.5% from 2022 to 2030.

※ The global electric trike segment is anticipated to grow at a CAGR of 7% from 2022 to 2030.