E-bike Market Statistics 2023 to 2033
The global e-bike market size was USD 20.36 billion in 2023 and is predicted to increase from USD 22.09 billion in 2024 to approximately USD 53.63 billion by 2033. The sector is expected to grow at a double-digit CAGR of 10.16% from 2023 to 2033.
E-bike Market Statistics:
- Europe e-bike market size was estimated at USD 3.51 billion in 2023 and is anticipated to reach around USD 9.66 billion by 2033 with a CAGR of 10.66% from 2024 to 2033.
- The hub motor segment contributed the largest market share of 76.46% in 2023.
- The city/urban segment accounted for the highest market share of 60.25% in 2023.
- The paddle assist segment generated the biggest market share of 44.42% in 2023.
- The lithium-ion battery segment captured the largest market share of 31.34% in 2023.
- The class 1 segment recorded more than 46.08% of the market share in 2023.
- The Up to 25 km/h segment has held the major market share of 66.63% in 2023.
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