The increasing adoption of smart washing machines and automated detergent dispensers is transforming the way consumers approach fabric care.
Consumer Goods & Services
The study conducted by Bonafide Research that involved riders new to e-cycling, found that most could complete their commutes faster and with less effort on e-bikes than standard bicycles, while elevating their breathing and heart rates enough to get a meaningful workout. An electric bicycle is a bicycle equipped with an electric motor that may be activated to assist with or replace pedaling. The earlier image of these cycles was it being a vehicle for the lazy peddlers or the elder age group people. These bikes/ bicycles allow making pedaling easier by drawing power from the attached battery. The tiring exercise can be made into a fun ride with just acceleration by the press of a button. E-bike manufacturers are focusing on improving the entire user interface by creating and developing e-bikes that can interact with the riders' smart-phones and deliver real-time information on the speed and battery level. The increased popularity of the e-bike can be attributed to improved battery life, motor design and lighter weights, as well as the growing need to reduce pollution and boost physical activity. Many governments across the world are taking initiatives towards the reduction of carbon footprints and encouraging electric bicycles to use is one of the most prominent steps.
According to the research report," Global Electric Bicycle (E-Bikes) Market Outlook, 2029" published by Bonafide Research, the market is anticipated to cross USD 57.88 Billion market size by 2029, increasing from USD 34.30 Billion in 2023. The market is projected to grow with 9.21% CAGR by 2024-29. This is expected to be the major market driver in the coming years. For promoting the e-Bikes, many governments are arranging awareness campaigns in collaboration with private and non-profit organizations. The final goal for such activities is to reduce the rate of carbon dioxide emission. Governments of different countries are offering subsidies to boost the sale of e-Bikes. The major application of the e-bikes is seen in city & urban travel, as with the increasingly busy lives there has a hike in the need of daily commute. The decreasing reliability & the need to maintain the social distance is hampering the like of public transportation. On the other hand, there has been an increasing awareness about the need for sustainable environmental concerns. In order to give a solution to such challenges, e-bikes are an ideal solution for urban mobility. The use of e-bikes in urban dwellings accounted for more than 50% of the market share. One of the major application trends in the developed regions is the use of electric bikes by e-commerce and food delivery service providers. This is to give a huge boost in the market.
The Asia-Pacific region dominates the global electric bike (E-bike) market, driven by high urbanization, rising environmental concerns, and strong government policies promoting sustainable transportation. China leads the charge, accounting for the majority of global E-bike production and sales due to its well-established manufacturing infrastructure and widespread consumer adoption. The country’s aggressive push for electric mobility, supported by incentives and regulations that limit traditional fuel-powered two-wheelers, has significantly boosted demand. Additionally, Japan and India are witnessing rapid growth, with increasing investments in E-bike technology and a shift toward eco-friendly commuting options. One of the key factors driving Asia-Pacific’s leadership is the affordability and accessibility of E-bikes in the region. Compared to Europe and North America, E-bikes in Asia tend to be more cost-effective, making them a preferred choice for daily commuting. Furthermore, the rising popularity of shared mobility services in major cities like Shanghai, Tokyo, and Delhi has increased demand for electric bicycles as an alternative to conventional public transport. With continuous advancements in battery technology, improved infrastructure, and government support, the Asia-Pacific region is expected to maintain its leadership in the E-bike market, shaping the future of sustainable urban mobility worldwide.
The global electric bike (E-bike) market is segmented by propulsion type into pedal assist and throttle. Pedal-assist E-bikes are the most popular category, as they provide a seamless riding experience by enhancing pedaling efforts with an electric motor. These bikes are widely adopted in urban commutes, trekking, and fitness riding due to their energy efficiency, extended battery life, and regulatory compliance in many countries. On the other hand, throttle-powered E-bikes allow riders to accelerate without pedaling, making them ideal for short-distance travel, delivery services, and riders with limited mobility. While throttle E-bikes are more prevalent in North America and parts of Asia, European regulations tend to favor pedal-assist models. With growing demand for eco-friendly mobility, both propulsion types continue to gain traction, with advancements in motor efficiency and battery technology driving their adoption. E-bikes are categorized into three classes based on speed and motor operation. Class 1 (Pedal Assist) bikes provide motor assistance only when the rider is pedaling, with a speed limit of 20 mph (32 km/h). This class is the most widely accepted globally due to compliance with cycling infrastructure and lower regulatory restrictions. Class 2 (Throttle on Demand) E-bikes allow riders to use a throttle for acceleration, also capped at 20 mph, making them popular in North America and urban delivery services. Class 3 (Speed Pedelec) E-bikes offer pedal assistance up to 28 mph (45 km/h), appealing to commuters and high-speed riders, particularly in Europe where they require additional safety regulations. The increasing adoption of Class 1 and Class 3 E-bikes in urban transportation is driving the market forward, with governments globally introducing policies to support their use.
The E-bike market is heavily influenced by battery technology, with lithium-ion (Li-ion) batteries dominating due to their lightweight, longer lifespan, and fast charging capabilities. These batteries provide better power efficiency and are commonly used in high-performance E-bikes, making them the preferred choice for both urban and trekking applications. Lead-acid batteries, though cheaper, are bulkier and have a shorter lifespan, leading to declining market share. However, they are still used in low-cost E-bikes in developing countries. Other emerging battery technologies, such as solid-state and graphene-based batteries, are expected to enhance E-bike performance in the future. With rising demand for sustainable transportation, advancements in battery technology are set to shape the next phase of E-bike evolution. E-bikes serve diverse applications, including city/urban commuting, trekking (E-mountain bikes), cargo transport, and other specialized segments. City/urban E-bikes dominate the market as they offer a cost-effective, eco-friendly alternative to traditional vehicles. E-MTB (electric mountain bikes) are gaining traction among adventure enthusiasts for off-road riding, with demand growing in regions like Europe and North America. Cargo E-bikes are widely used for last-mile delivery and logistics, particularly in cities looking to reduce congestion and emissions. Additionally, specialty E-bikes such as speed E-bikes, foldable bikes, and fat-tire bicycles cater to niche markets, offering customized solutions for different rider needs. As global urbanization and sustainability concerns rise, all E-bike segments are expected to see significant growth.
According to the research report," Global Electric Bicycle (E-Bikes) Market Outlook, 2029" published by Bonafide Research, the market is anticipated to cross USD 57.88 Billion market size by 2029, increasing from USD 34.30 Billion in 2023. The market is projected to grow with 9.21% CAGR by 2024-29. This is expected to be the major market driver in the coming years. For promoting the e-Bikes, many governments are arranging awareness campaigns in collaboration with private and non-profit organizations. The final goal for such activities is to reduce the rate of carbon dioxide emission. Governments of different countries are offering subsidies to boost the sale of e-Bikes. The major application of the e-bikes is seen in city & urban travel, as with the increasingly busy lives there has a hike in the need of daily commute. The decreasing reliability & the need to maintain the social distance is hampering the like of public transportation. On the other hand, there has been an increasing awareness about the need for sustainable environmental concerns. In order to give a solution to such challenges, e-bikes are an ideal solution for urban mobility. The use of e-bikes in urban dwellings accounted for more than 50% of the market share. One of the major application trends in the developed regions is the use of electric bikes by e-commerce and food delivery service providers. This is to give a huge boost in the market.
The Asia-Pacific region dominates the global electric bike (E-bike) market, driven by high urbanization, rising environmental concerns, and strong government policies promoting sustainable transportation. China leads the charge, accounting for the majority of global E-bike production and sales due to its well-established manufacturing infrastructure and widespread consumer adoption. The country’s aggressive push for electric mobility, supported by incentives and regulations that limit traditional fuel-powered two-wheelers, has significantly boosted demand. Additionally, Japan and India are witnessing rapid growth, with increasing investments in E-bike technology and a shift toward eco-friendly commuting options. One of the key factors driving Asia-Pacific’s leadership is the affordability and accessibility of E-bikes in the region. Compared to Europe and North America, E-bikes in Asia tend to be more cost-effective, making them a preferred choice for daily commuting. Furthermore, the rising popularity of shared mobility services in major cities like Shanghai, Tokyo, and Delhi has increased demand for electric bicycles as an alternative to conventional public transport. With continuous advancements in battery technology, improved infrastructure, and government support, the Asia-Pacific region is expected to maintain its leadership in the E-bike market, shaping the future of sustainable urban mobility worldwide.
The global electric bike (E-bike) market is segmented by propulsion type into pedal assist and throttle. Pedal-assist E-bikes are the most popular category, as they provide a seamless riding experience by enhancing pedaling efforts with an electric motor. These bikes are widely adopted in urban commutes, trekking, and fitness riding due to their energy efficiency, extended battery life, and regulatory compliance in many countries. On the other hand, throttle-powered E-bikes allow riders to accelerate without pedaling, making them ideal for short-distance travel, delivery services, and riders with limited mobility. While throttle E-bikes are more prevalent in North America and parts of Asia, European regulations tend to favor pedal-assist models. With growing demand for eco-friendly mobility, both propulsion types continue to gain traction, with advancements in motor efficiency and battery technology driving their adoption. E-bikes are categorized into three classes based on speed and motor operation. Class 1 (Pedal Assist) bikes provide motor assistance only when the rider is pedaling, with a speed limit of 20 mph (32 km/h). This class is the most widely accepted globally due to compliance with cycling infrastructure and lower regulatory restrictions. Class 2 (Throttle on Demand) E-bikes allow riders to use a throttle for acceleration, also capped at 20 mph, making them popular in North America and urban delivery services. Class 3 (Speed Pedelec) E-bikes offer pedal assistance up to 28 mph (45 km/h), appealing to commuters and high-speed riders, particularly in Europe where they require additional safety regulations. The increasing adoption of Class 1 and Class 3 E-bikes in urban transportation is driving the market forward, with governments globally introducing policies to support their use.
The E-bike market is heavily influenced by battery technology, with lithium-ion (Li-ion) batteries dominating due to their lightweight, longer lifespan, and fast charging capabilities. These batteries provide better power efficiency and are commonly used in high-performance E-bikes, making them the preferred choice for both urban and trekking applications. Lead-acid batteries, though cheaper, are bulkier and have a shorter lifespan, leading to declining market share. However, they are still used in low-cost E-bikes in developing countries. Other emerging battery technologies, such as solid-state and graphene-based batteries, are expected to enhance E-bike performance in the future. With rising demand for sustainable transportation, advancements in battery technology are set to shape the next phase of E-bike evolution. E-bikes serve diverse applications, including city/urban commuting, trekking (E-mountain bikes), cargo transport, and other specialized segments. City/urban E-bikes dominate the market as they offer a cost-effective, eco-friendly alternative to traditional vehicles. E-MTB (electric mountain bikes) are gaining traction among adventure enthusiasts for off-road riding, with demand growing in regions like Europe and North America. Cargo E-bikes are widely used for last-mile delivery and logistics, particularly in cities looking to reduce congestion and emissions. Additionally, specialty E-bikes such as speed E-bikes, foldable bikes, and fat-tire bicycles cater to niche markets, offering customized solutions for different rider needs. As global urbanization and sustainability concerns rise, all E-bike segments are expected to see significant growth.
Related Press Releases
Quick Contacts
.png "Nikita Jabrela")
Trusted Partners
Latest Press Release
We are friendly and approachable, give us a call.