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Top Electric Bike Companies in the World
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Top Electric Bike Companies in the World
In this article we will take a look at the top 10 electric bike companies in the world. You can skip our detailed analysis of the e-bike industry’s outlook for 2021 and some of the major growth catalysts for bike companies, and go directly to the Top 5 Electric Bike Companies in the World.To get more news about electric motorcycle, you can visit davincimotor.com official website.
The electric bike market is thriving amid the growth of the broader EV market in the world. According to statistics based on research, the electric bike market in 2019 was valued at 40,312 million dollars and estimated to reach 118,657 million dollars by 2030.
Electric bikes are significantly contributing towards the booming GDP of European countries and globally as well. Data shows that over 3 million electric bikes were sold in 2019 as compared to the previous year, a 23% increase. This trend is increasing since 2019 and is projected to cross 6.5 million e-bikes sales in 2025. Amid the ongoing pandemic, New York Times claimed that there was an 85% increase in the sale of electric bikes by the year 2020.The electric vehicle market is divided into two basic segments: propulsion type (pedal-assisted e-bikes) dominating the global market, and application type which is the urban market-dominating segment. Moreover, the e-bike market is segmented into drive mechanism (mid-drive, hub motor, etc.), battery type (Li-ion, lead-acid, etc.), product type (scooter, motorcycle, throttle on demand and others), and region (LAMEA, Europe, North America, and Asia-Pacific).
A study reported that countries like Europe, Spain, France, Germany, Italy, China, India, and the Netherlands have a high demand for e-bikes. The booming demand for e-bikes and their application is very good for the major players like Harley-Davidson Inc (NYSE: HOG), Ford Motor Company (NYSE: F), Giant Bicycles (TPE: 9921), BMW (ETR: BMW), Merida (TPE: 9914), Bosch (NSE: BOSCHLTD), and Yamaha (TYO: 7272).Major companies like Bosch are attracting buyers with their new connected e-bikes providing advanced navigation systems, anti-theft systems, automatic emergency calls, remote diagnostics, social media connection, lock-premium function, and smart system for calculating cyclist energy.
The e-bike market is not just revolutionizing the mode of transportation with beautiful designs and improved technology but also playing a great part in eliminating global warming. They are zero-emission vehicles, preventing air pollution by eliminating carbon footprints, putting the least burden on power grids due to off-peak charging, sustainable energy, and providing long-lasting batteries. Hence, the global e-bike market is booming, growing, and prospering at a growth rate of 6.21% annually between 2020-2025 as per Research and Markets.