E Bike Sales Statistics

The global e bike market is projected to grow at a cagr of 9 01 during the forecast period to reach usd 38 6 billion by 2025 from an estimated usd 21 1 billion in 2018 class i electric bike is estimated to be the largest segment in the global electric bikes market.

E bike sales statistics. In england 65 of electric bikes sold are bought by individuals aged 55 and. In 2019 the e bike sales in germany captured a 25 share in the total bicycle market. E bike sales have surpassed sales of regular bicycles in the netherlands. Remaining 0 5 of the total e bikes sold are of speed pedelecs.

The 45 km hr models which are type approved and for which the insurance and helmet obligation applies. China is expected to remain the most important market for electric bikes worldwide as 34 3 million. A class i electric bike is equipped with a motor that provides assistance only when the rider is pedaling and stops assisting. Dollars in revenue by 2023.

Out of the total e bikes sold in germany 99 5 are of 250w 25km h models. E bike sales jumped by an incredible 91 percent from 2016 to 2017 and then another 72 percent from 2017 to 2018 to reach an impressive 143 4 million according to the market research firm npd group. The ngo will reveal the workings for its revised estimate of e bike sales at a meeting to be held at its new office in brussels on 22nd may. This statistic shows the e bike sales in china from 2010 to 2020.

The majority of negative perceptions of e bikes are related to safety issues. In china 36 million e bikes are manufactured a year on average. Between 2017 and 2018 the e bike market grew by 9. The e bike market is expected to generate around 20 billion u s.

In 2023 global sales of such e bikes are forecast to reach approximately 40 million units. In 2015 around 14 35 million e bikes were sold in china. From the analysis we can say that the e bikes are very popular among the people of china. The ngo is moving into the same building as existing.

An odd characteristic of the e bike market is that the retailers most capable of selling e bikes are often opposed to e bikes in general and even those who embrace e bikes are usually ineffective at selling them when compared to the e bike specialists amazon direct to consumer sales etc says benjamin.