The global electric bikes and scooters market size is expected to grow from $20.71 billion in 2021 to $23.38 billion in 2022 at a compound annual growth rate (CAGR) of 12.9%. The global electric bike, scooter market size is expected to grow to $30.27 billion in 2026 at a CAGR of 6.7%.
What is the Global Electric Bikes And Scooters Market?
The electric bikes and scooters market consists of sales of electric bikes and scooters and related services.
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What drives the Global Electric Bikes And Scooters Market?
Increasing awareness about pollution is a key driver of the electric bikes and scooters market. This is because more people are now understanding the importance of reducing pollution, and this awareness has led them to look for more environmentally friendly modes of transportation that minimize and control pollution. For example, according to a survey published by Forbes, due to an increase in awareness about pollution, the sales of electric bikes (e-bikes) have exceeded that of non-electric bikes in the Netherlands. The growth in the adoption of electric bikes and scooters is expected to continue in the coming years as the carbon dioxide emitted by the burning of fossil fuels remains a major threat to the environment, causing global warming and climate change.
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Global Electric Bikes And Scooters Market Segments
The global electric bikes and scooters market is segmented:
By Product: Electric Bikes, Electric Scooters
By Battery: Lead-Acid, Lithium-Ion (Li-ion), Nickel-Metal Hydride (NiMH), Others
By Voltage Capacity: 48-59V, 60-72V, 73-96V, Above 96V
By Drive Mechanism: Hub Motor, Mid Drive, Others
By Geography: The regions covered in the electric bikes and scooters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Electric Bikes And Scooters Global Market Report 2022provides market size and growth forecasts for the global electric bikes and scooters market, global electric bikes and scooters market share, electric bikes and scooters market segments and geographies, electric bikes and scooters market competitive landscape including leading competitors’ revenues, profiles and market shares. The electric bikes and scooters market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Electric Bikes And Scooters Industry Playersinclude Yadea, Jiangsu Xinri E-Vehicle Co. Ltd., Mahindra & Mahindra Ltd., BMW, Hero Electric, Yamaha, Sunra, Vmoto Limited, AIMA Technology Co. Ltd, Zhejiang Luyuan Electric Vehicle Co. Ltd., Terra Motors Group, Prodeco Technologies Llc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
