Global E-Bike Market Forecast to Surge Over 75% by 2028, Led by Asia-Pacific and Class I Models
-
The global e-bike market was valued at $41.3 billion in 2022 and is forecast to reach $77.6 billion by 2028, with a CAGR of 11.6%.
-
Asia-Pacific accounted for the largest share of the global e-bike market in 2022 at $25.3 billion. China leads with 60-70% of global production.
-
Class I e-bikes, with pedal assistance up to 25 km/h, held the greatest market share in 2022 at 78.1%.
-
Growth drivers include urbanization, traffic congestion mitigation, environmental sustainability, and health/lifestyle benefits.
-
Key players include Accell Group, Giant Manufacturing, Merida Industry, Yamaha Motor Company, and Yadea Technology Group.