Electric Bike Market Value Projected at $62B

January 23, 2024

The global electric bike market is currently valued at $49.1 billion. With a compound annual growth rate (CAGR) of 4.9%, the market is projected to reach $62.3 billion by 2023–2030, predicts Persistence Market Research.

The increasing awareness of environmental sustainability, government incentives and advancements in battery technology are driving market expansion. RV Pro