SlideShare a Scribd company logo
1 of 3
Download to read offline
Electric Bicycle Market Report 2019-2024: Trends,
Forecast and Competitive Analysis
1
Industry Profiles Snapshot
Major Parameter Description
Market Segments by Bicycle
Type
Cargo, fat tire, mountain, standard, and others
Market Segments by
Propulsion Type
Pedal assisted electric bicycle and throttle on demand electric bicycle
Market Segments by Usage
Type
Traveling, social, exercise, and others
Market Segments by Motor
Type
Hub motor, mid drive, and others
Market Segments by Battery
Type
Lead acid, lithium acid, nickel metal hydride, nickel cadmium, and others
Market Segments by Region North America, Europe, Asia Pacific and Rest of the World.
Top Companies Name
Giant Manufacturing, Accell, Merida Industry, Pedego Electric Bikes, Ideal
Bike, Leder 96, Cannondale, BH Bikes, Zhonglu, and Prodeco Tech.
Trend Growth Rate and CAGR 12.5%
Key Industry Forecast
The global electric bicycle market is expected to reach an estimated $21
billion by 2024 with a CAGR of 12.5% from 2019 to 2024.
Key Industry Driver
Driver: Increasing health conscious consumers, high traffic congestion,
environmental concerns, and increasing government initiatives to promote
cycling in order to reduce carbon emissions.
2
Industry Overview
Market Size
• The global electric bicycle market is
expected to reach an estimated $21 billion
by 2024 with a CAGR of 12.5% from 2019 to
2024.
• Emerging trends, which have a direct impact
on the dynamics of the market, include
development of luxury folding e-bikes and high
tech electric bike with smartphone integration.
Market Size (2024) $21 billion
CAGR (2019-24) 12.5%
3
Industry Performance : Forecast

More Related Content

More from Lucintel

Aerospace Composites Materials Market Report: Trends, Forecast and Competitiv...
Aerospace Composites Materials Market Report: Trends, Forecast and Competitiv...Aerospace Composites Materials Market Report: Trends, Forecast and Competitiv...
Aerospace Composites Materials Market Report: Trends, Forecast and Competitiv...Lucintel
 
Vinyl Ester Resin Market Report: Trends, Forecast and Competitive Analysis
Vinyl Ester Resin Market Report: Trends, Forecast and Competitive AnalysisVinyl Ester Resin Market Report: Trends, Forecast and Competitive Analysis
Vinyl Ester Resin Market Report: Trends, Forecast and Competitive AnalysisLucintel
 
Fiber Sizing Market Report: Trends, Forecast and Competitive Analysis
Fiber Sizing Market Report: Trends, Forecast and Competitive AnalysisFiber Sizing Market Report: Trends, Forecast and Competitive Analysis
Fiber Sizing Market Report: Trends, Forecast and Competitive AnalysisLucintel
 
Gelcoat Market Report: Trends, Forecast and Competitive Analysis
Gelcoat Market Report: Trends, Forecast and Competitive AnalysisGelcoat Market Report: Trends, Forecast and Competitive Analysis
Gelcoat Market Report: Trends, Forecast and Competitive AnalysisLucintel
 
Electric Bus Market Report: Trends, Forecast and Competitive Analysis
Electric Bus Market Report: Trends, Forecast and Competitive AnalysisElectric Bus Market Report: Trends, Forecast and Competitive Analysis
Electric Bus Market Report: Trends, Forecast and Competitive AnalysisLucintel
 
Inflatable Boat Market Report: Trends, Forecast and Competitive Analysis
Inflatable Boat Market Report: Trends, Forecast and Competitive AnalysisInflatable Boat Market Report: Trends, Forecast and Competitive Analysis
Inflatable Boat Market Report: Trends, Forecast and Competitive AnalysisLucintel
 
Recycled Carbon Fiber Market Report: Trends, Forecast and Competitive Analysis
Recycled Carbon Fiber Market Report: Trends, Forecast and Competitive AnalysisRecycled Carbon Fiber Market Report: Trends, Forecast and Competitive Analysis
Recycled Carbon Fiber Market Report: Trends, Forecast and Competitive AnalysisLucintel
 
Expandable Graphite Market Report: Trends, Forecast and Competitive Analysis
Expandable Graphite Market Report: Trends, Forecast and Competitive AnalysisExpandable Graphite Market Report: Trends, Forecast and Competitive Analysis
Expandable Graphite Market Report: Trends, Forecast and Competitive AnalysisLucintel
 
Electric Transmission and Distribution Equipment Market Report: Trends, Forec...
Electric Transmission and Distribution Equipment Market Report: Trends, Forec...Electric Transmission and Distribution Equipment Market Report: Trends, Forec...
Electric Transmission and Distribution Equipment Market Report: Trends, Forec...Lucintel
 
Carpet and Rug Market
Carpet and Rug MarketCarpet and Rug Market
Carpet and Rug MarketLucintel
 
Thin Film Coating Market Report: Trends, Forecast and Competitive Analysis
Thin Film Coating Market Report: Trends, Forecast and Competitive AnalysisThin Film Coating Market Report: Trends, Forecast and Competitive Analysis
Thin Film Coating Market Report: Trends, Forecast and Competitive AnalysisLucintel
 
Electric Transmission and Distribution Equipment Market Report: Trends, Forec...
Electric Transmission and Distribution Equipment Market Report: Trends, Forec...Electric Transmission and Distribution Equipment Market Report: Trends, Forec...
Electric Transmission and Distribution Equipment Market Report: Trends, Forec...Lucintel
 
Printed Circuit Board (PCB) Market Report: Trends, Forecast and Competitive A...
Printed Circuit Board (PCB) Market Report: Trends, Forecast and Competitive A...Printed Circuit Board (PCB) Market Report: Trends, Forecast and Competitive A...
Printed Circuit Board (PCB) Market Report: Trends, Forecast and Competitive A...Lucintel
 
Stent Market Report: Trends, Forecast and Competitive Analysis
Stent Market Report: Trends, Forecast and Competitive AnalysisStent Market Report: Trends, Forecast and Competitive Analysis
Stent Market Report: Trends, Forecast and Competitive AnalysisLucintel
 
Hose Pipe Market Report: Trends, Forecast and Competitive Analysis
Hose Pipe Market Report: Trends, Forecast and Competitive AnalysisHose Pipe Market Report: Trends, Forecast and Competitive Analysis
Hose Pipe Market Report: Trends, Forecast and Competitive AnalysisLucintel
 
Plastic Water Storage Tank Market Report: Trends, Forecast and Competitive An...
Plastic Water Storage Tank Market Report: Trends, Forecast and Competitive An...Plastic Water Storage Tank Market Report: Trends, Forecast and Competitive An...
Plastic Water Storage Tank Market Report: Trends, Forecast and Competitive An...Lucintel
 
Pharmaceutical Label Market Report: Trends, Forecast and Competitive Analysis
Pharmaceutical Label Market Report: Trends, Forecast and Competitive AnalysisPharmaceutical Label Market Report: Trends, Forecast and Competitive Analysis
Pharmaceutical Label Market Report: Trends, Forecast and Competitive AnalysisLucintel
 
Automotive Power Distribution Box Market Report: Trends, Forecast and Competi...
Automotive Power Distribution Box Market Report: Trends, Forecast and Competi...Automotive Power Distribution Box Market Report: Trends, Forecast and Competi...
Automotive Power Distribution Box Market Report: Trends, Forecast and Competi...Lucintel
 
Glass Fiber Market Report: Trends, Forecast and Competitive Analysis
Glass Fiber Market Report: Trends, Forecast and Competitive AnalysisGlass Fiber Market Report: Trends, Forecast and Competitive Analysis
Glass Fiber Market Report: Trends, Forecast and Competitive AnalysisLucintel
 
UK Composites Market Report: Trends, Forecast and Competitive Analysis
UK Composites Market Report: Trends, Forecast and Competitive AnalysisUK Composites Market Report: Trends, Forecast and Competitive Analysis
UK Composites Market Report: Trends, Forecast and Competitive AnalysisLucintel
 

More from Lucintel (20)

Aerospace Composites Materials Market Report: Trends, Forecast and Competitiv...
Aerospace Composites Materials Market Report: Trends, Forecast and Competitiv...Aerospace Composites Materials Market Report: Trends, Forecast and Competitiv...
Aerospace Composites Materials Market Report: Trends, Forecast and Competitiv...
 
Vinyl Ester Resin Market Report: Trends, Forecast and Competitive Analysis
Vinyl Ester Resin Market Report: Trends, Forecast and Competitive AnalysisVinyl Ester Resin Market Report: Trends, Forecast and Competitive Analysis
Vinyl Ester Resin Market Report: Trends, Forecast and Competitive Analysis
 
Fiber Sizing Market Report: Trends, Forecast and Competitive Analysis
Fiber Sizing Market Report: Trends, Forecast and Competitive AnalysisFiber Sizing Market Report: Trends, Forecast and Competitive Analysis
Fiber Sizing Market Report: Trends, Forecast and Competitive Analysis
 
Gelcoat Market Report: Trends, Forecast and Competitive Analysis
Gelcoat Market Report: Trends, Forecast and Competitive AnalysisGelcoat Market Report: Trends, Forecast and Competitive Analysis
Gelcoat Market Report: Trends, Forecast and Competitive Analysis
 
Electric Bus Market Report: Trends, Forecast and Competitive Analysis
Electric Bus Market Report: Trends, Forecast and Competitive AnalysisElectric Bus Market Report: Trends, Forecast and Competitive Analysis
Electric Bus Market Report: Trends, Forecast and Competitive Analysis
 
Inflatable Boat Market Report: Trends, Forecast and Competitive Analysis
Inflatable Boat Market Report: Trends, Forecast and Competitive AnalysisInflatable Boat Market Report: Trends, Forecast and Competitive Analysis
Inflatable Boat Market Report: Trends, Forecast and Competitive Analysis
 
Recycled Carbon Fiber Market Report: Trends, Forecast and Competitive Analysis
Recycled Carbon Fiber Market Report: Trends, Forecast and Competitive AnalysisRecycled Carbon Fiber Market Report: Trends, Forecast and Competitive Analysis
Recycled Carbon Fiber Market Report: Trends, Forecast and Competitive Analysis
 
Expandable Graphite Market Report: Trends, Forecast and Competitive Analysis
Expandable Graphite Market Report: Trends, Forecast and Competitive AnalysisExpandable Graphite Market Report: Trends, Forecast and Competitive Analysis
Expandable Graphite Market Report: Trends, Forecast and Competitive Analysis
 
Electric Transmission and Distribution Equipment Market Report: Trends, Forec...
Electric Transmission and Distribution Equipment Market Report: Trends, Forec...Electric Transmission and Distribution Equipment Market Report: Trends, Forec...
Electric Transmission and Distribution Equipment Market Report: Trends, Forec...
 
Carpet and Rug Market
Carpet and Rug MarketCarpet and Rug Market
Carpet and Rug Market
 
Thin Film Coating Market Report: Trends, Forecast and Competitive Analysis
Thin Film Coating Market Report: Trends, Forecast and Competitive AnalysisThin Film Coating Market Report: Trends, Forecast and Competitive Analysis
Thin Film Coating Market Report: Trends, Forecast and Competitive Analysis
 
Electric Transmission and Distribution Equipment Market Report: Trends, Forec...
Electric Transmission and Distribution Equipment Market Report: Trends, Forec...Electric Transmission and Distribution Equipment Market Report: Trends, Forec...
Electric Transmission and Distribution Equipment Market Report: Trends, Forec...
 
Printed Circuit Board (PCB) Market Report: Trends, Forecast and Competitive A...
Printed Circuit Board (PCB) Market Report: Trends, Forecast and Competitive A...Printed Circuit Board (PCB) Market Report: Trends, Forecast and Competitive A...
Printed Circuit Board (PCB) Market Report: Trends, Forecast and Competitive A...
 
Stent Market Report: Trends, Forecast and Competitive Analysis
Stent Market Report: Trends, Forecast and Competitive AnalysisStent Market Report: Trends, Forecast and Competitive Analysis
Stent Market Report: Trends, Forecast and Competitive Analysis
 
Hose Pipe Market Report: Trends, Forecast and Competitive Analysis
Hose Pipe Market Report: Trends, Forecast and Competitive AnalysisHose Pipe Market Report: Trends, Forecast and Competitive Analysis
Hose Pipe Market Report: Trends, Forecast and Competitive Analysis
 
Plastic Water Storage Tank Market Report: Trends, Forecast and Competitive An...
Plastic Water Storage Tank Market Report: Trends, Forecast and Competitive An...Plastic Water Storage Tank Market Report: Trends, Forecast and Competitive An...
Plastic Water Storage Tank Market Report: Trends, Forecast and Competitive An...
 
Pharmaceutical Label Market Report: Trends, Forecast and Competitive Analysis
Pharmaceutical Label Market Report: Trends, Forecast and Competitive AnalysisPharmaceutical Label Market Report: Trends, Forecast and Competitive Analysis
Pharmaceutical Label Market Report: Trends, Forecast and Competitive Analysis
 
Automotive Power Distribution Box Market Report: Trends, Forecast and Competi...
Automotive Power Distribution Box Market Report: Trends, Forecast and Competi...Automotive Power Distribution Box Market Report: Trends, Forecast and Competi...
Automotive Power Distribution Box Market Report: Trends, Forecast and Competi...
 
Glass Fiber Market Report: Trends, Forecast and Competitive Analysis
Glass Fiber Market Report: Trends, Forecast and Competitive AnalysisGlass Fiber Market Report: Trends, Forecast and Competitive Analysis
Glass Fiber Market Report: Trends, Forecast and Competitive Analysis
 
UK Composites Market Report: Trends, Forecast and Competitive Analysis
UK Composites Market Report: Trends, Forecast and Competitive AnalysisUK Composites Market Report: Trends, Forecast and Competitive Analysis
UK Composites Market Report: Trends, Forecast and Competitive Analysis
 

Recently uploaded

Project Brief & Information Architecture Report
Project Brief & Information Architecture ReportProject Brief & Information Architecture Report
Project Brief & Information Architecture Reportamberjiles31
 
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003believeminhh
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access
 
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfAMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfJohnCarloValencia4
 
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...AustraliaChapterIIBA
 
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...Brian Solis
 
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxCracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxWorkforce Group
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsyasinnathani
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access
 
7movierulz.uk
7movierulz.uk7movierulz.uk
7movierulz.ukaroemirsr
 
A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.mcshagufta46
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access
 
Upgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsUpgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsIntellect Design Arena Ltd
 
MoneyBridge Pitch Deck - Investor Presentation
MoneyBridge Pitch Deck - Investor PresentationMoneyBridge Pitch Deck - Investor Presentation
MoneyBridge Pitch Deck - Investor Presentationbaron83
 
Mihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZMihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZKanakChauhan5
 
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)tazeenaila12
 
Tata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakTata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakEditores1
 
Entrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsEntrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsP&CO
 
Lecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb toLecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb toumarfarooquejamali32
 

Recently uploaded (20)

Project Brief & Information Architecture Report
Project Brief & Information Architecture ReportProject Brief & Information Architecture Report
Project Brief & Information Architecture Report
 
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024
 
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfAMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
 
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
 
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
 
Investment Opportunity for Thailand's Automotive & EV Industries
Investment Opportunity for Thailand's Automotive & EV IndustriesInvestment Opportunity for Thailand's Automotive & EV Industries
Investment Opportunity for Thailand's Automotive & EV Industries
 
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxCracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story points
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024
 
7movierulz.uk
7movierulz.uk7movierulz.uk
7movierulz.uk
 
A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.A flour, rice and Suji company in Jhang.
A flour, rice and Suji company in Jhang.
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024
 
Upgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsUpgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking Applications
 
MoneyBridge Pitch Deck - Investor Presentation
MoneyBridge Pitch Deck - Investor PresentationMoneyBridge Pitch Deck - Investor Presentation
MoneyBridge Pitch Deck - Investor Presentation
 
Mihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZMihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZ
 
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
 
Tata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakTata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerak
 
Entrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsEntrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizations
 
Lecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb toLecture_6.pptx English speaking easyb to
Lecture_6.pptx English speaking easyb to
 

Electric Bicycle Market Report: Trends, Forecast and Competitive Analysis

  • 1. Electric Bicycle Market Report 2019-2024: Trends, Forecast and Competitive Analysis 1
  • 2. Industry Profiles Snapshot Major Parameter Description Market Segments by Bicycle Type Cargo, fat tire, mountain, standard, and others Market Segments by Propulsion Type Pedal assisted electric bicycle and throttle on demand electric bicycle Market Segments by Usage Type Traveling, social, exercise, and others Market Segments by Motor Type Hub motor, mid drive, and others Market Segments by Battery Type Lead acid, lithium acid, nickel metal hydride, nickel cadmium, and others Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Giant Manufacturing, Accell, Merida Industry, Pedego Electric Bikes, Ideal Bike, Leder 96, Cannondale, BH Bikes, Zhonglu, and Prodeco Tech. Trend Growth Rate and CAGR 12.5% Key Industry Forecast The global electric bicycle market is expected to reach an estimated $21 billion by 2024 with a CAGR of 12.5% from 2019 to 2024. Key Industry Driver Driver: Increasing health conscious consumers, high traffic congestion, environmental concerns, and increasing government initiatives to promote cycling in order to reduce carbon emissions. 2
  • 3. Industry Overview Market Size • The global electric bicycle market is expected to reach an estimated $21 billion by 2024 with a CAGR of 12.5% from 2019 to 2024. • Emerging trends, which have a direct impact on the dynamics of the market, include development of luxury folding e-bikes and high tech electric bike with smartphone integration. Market Size (2024) $21 billion CAGR (2019-24) 12.5% 3 Industry Performance : Forecast