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The e-bike industry is experiencing significant momentum, positioning itself as a vital contributor to the global shift toward sustainable transportation. According to market research conducted by Mordor Intelligence, the e-bike market size is projected to grow from USD 38.08 billion in 2025 to USD 51.78 billion by 2029, reflecting a steady CAGR of 7.98% during the forecast period.
This growth is fueled by rapid technological innovation, including improvements in battery efficiency, lightweight materials, and enhanced motor performance. In addition, changing consumer behavior, with a strong focus on eco-friendly and cost-effective mobility solutions, is further accelerating e-bike adoption across urban centers, recreational segments, and corporate mobility programs.
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Government initiatives supporting green transportation, coupled with investments in cycling infrastructure and incentive schemes, are playing a crucial role in shaping market expansion, particularly across Europe, North America, and Asia-Pacific.
While the industry faces challenges such as high initial costs and infrastructure limitations in certain regions, ongoing advancements and growing environmental awareness continue to drive strong demand. With favorable market conditions and increasing consumer acceptance, the e-bike market is expected to remain on a robust growth trajectory in the years ahead.
About Mordor Intelligence:
Mordor Intelligence is a global market research and advisory firm that provides in-depth reports and analysis across a wide range of industries, including automotive, energy, healthcare, technology, and more. With a focus on accuracy, transparency, and actionable insights, Mordor Intelligence empowers businesses and decision-makers to stay ahead of market trends and make strategic, data-driven decisions. The firm is known for its comprehensive research methodologies, expert analysts, and real-time market tracking, serving clients ranging from startups to Fortune 500 companies worldwide.
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