USD 2.51 billion
Report ID: SQMIG25A2023 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: 61 | Figures: 75
E-Bike Charging Station Market size was valued at USD 2.51 billion in 2021 and is poised to grow from USD 3 billion in 2022 to USD 13.78 billion by 2030, growing at a CAGR of 19.5% in the forecast period (2023-2030).
An integrated motor-driven mechanism and battery power an electric bike, which produces energy for locomotion. Electric bikes come in different shapes and sizes, from those with modest motors that help the rider's pedalling to more potent models that can create electricity to propel the bike using the throttle. They are a chic, functional, adaptable, and sustainable mode of transportation. They are viewed as the best replacement for automobiles, scooters, and public transit by consumers. Due to its reduced size, ability to go at higher speeds with less effort, and contribution to cycling's health advantages, these bikes help alleviate traffic congestion issues. These factors would consequently promote global market expansion for electric bike charging stations.
Technology advancements in the area of electric bikes are a result of their rising popularity. Electric bikes with connectivity are a significant improvement because they can send and receive data from the cloud without a smartphone connection thanks to a SIM module. The linked electric bike offers a number of crucial functions, such as built-in navigation, automatic emergency calls, anti-theft systems, social media connections, and remote diagnosis. Additionally, the shift from authorised to electric mobility is being streamlined by the electrification of bicycles. Powerful e-bike charging stations are now being developed by a large number of e-bike manufacturers. These are some of the major market trends that are anticipated to have a significant impact on the growth of the charging infrastructure sector.
US E-Bike Charging Station Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.51 billion
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The global e-bike charging station market is segmented based on Type, Infrastructure, and Region. Based on Vehicle Type it is categorized into: Electric Scooters and E-Bike. Based on Infrastructure the segment is bifurcated into Dock and Dockless. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
E-Bike Charging Station Market Analysis by Type
The e-bike sector had the greatest market share among all vehicle types in 2021, and it is anticipated that it will continue to do so throughout the forecast period. The global e-bike charging station market is anticipated to grow as a result of the rise in e-bike sales and the simplicity of charging the vehicle. For instance, in May 2021, the Indian electric car business Ather Energy Pvt. Ltd. installed ten fast-charging stations in key areas of Mumbai, India, such as Linking Road, Goregaon, Andheri Fort, Chembur, and others. In the upcoming year, the business also intends to install 128 public fast-charging stations in 18 Indian cities.
E-Bike Charging Station Market Analysis by Infrastructure
The market is divided into dockless and dock depending on the type of infrastructure. The dockless category is predicted to produce the most market share for e-bike charging stations in the near future. The rapid increase in demand for electric bicycle rental services, particularly in China, North America, and Europe, is responsible for this expansion. A lot of e-bike rental businesses are also expanding their offerings to include dockless bikes.
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Due to the high demand for energy-efficient and emission-free electric two-wheelers in the region, charging infrastructure has become a necessity for boosting two wheeler vehicle sales. Asia Pacific held the leading position among regions in the global e-bike charging station market in 2021, and it is predicted that it will continue to do so throughout the forecast period.
On the other hand, the market in North America is anticipated to expand significantly due to the rapidly growing popularity of emission-free vehicles. The involvement of important corporations in the partnership plan would support Europe's strong growth.
As local companies look to capitalise on opportunities presented by the e-mobility revolution, the rest of the world market is gaining significant speed. For instance, Zembo, a startup based in Kampala, Uganda, is promoting the use of electric bikes and vehicles in the city by providing pay-as-you-go and lease-to-own options.
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E-Bike Charging Station Market Driver
E-Bike Charging Station Market Restraint
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Numerous businesses are actively working to increase their market share and diversify their product offerings on the worldwide market. To increase their client base in emerging markets and maintain alignment with their rivals, businesses are using agreements, acquisitions, and new product development initiatives.The major players in the E-Bike Charging Station market include GetCharge Inc., (New York City, United States), LG Chem (Seoul, South Korea), Samsung SDI (Yogin, Korea), Swiftmile (Aachen, Germany), EVBox (Amsterdam, Netherlands), Circontrol (Barcelona, Spain.), SemaConnect (Maryland, United States), Rolec Service (Boston, United States), FreeWire Technologies (California, United States). To gain a competitive edge and solidify their market positions, these industry actors are exploring a range of growth strategies.
E-Bike Charging Station Market Top Players Company Profiles
E-Bike Charging Station Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by product type, the E-Bike sub-segment of the E-Bike Charging Station Market has the largest revenue share in the year 2021. The Dockless segment is predicted to produce the most market share for e-bike charging stations in the near future. The rapid increase in demand for electric bicycle rental services, particularly in China, North America, and Europe, is responsible for this expansion. Region-wise, Asia Pacific held the leading position among regions in the global e-bike charging station market in 2021.
|Market size value in 2021
|USD 2.51 billion
|Market size value in 2030
|USD 13.78 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global E-Bike Charging Station Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global E-Bike Charging Station Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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