- The global ebike market is set to grow from $48.7 billion in 2024 to $71.5 billion by 2030.
- Increasing fuel costs, eco-conscious commuting, and improved city cycling infrastructure are driving ebike adoption worldwide.
- The EBIKE SUMMIT 2024 in Oxford will explore strategies to harness ebike growth and enhance urban cycling.
MarketsandMarkets reports that the global ebike market is in line for meteoric growth
The global ebike market is on the rise and is expected to reach $71.5 billion by 2030, according to MarketsandMarkets. This growth, up from $48.7 billion in 2024, represents a compound annual growth rate of 6.6%.
What’s driving the growth?
More people are choosing ebikes as an eco-friendly commuting option. High fuel prices are making traditional transportation less attractive. Furthermore, cities around the world are becoming more cycle-friendly. This is partially down to cities attempting to stop car traffic, and partially in light of the success of ebike rental services.
The rise of ebike rentals, or micro-mobility as a service (MaaS), is also fueling the ebike boom. These companies, like Lime and Forest, are raising huge public awareness and interest in ebikes. Voi has just recently brought 100 new ebikes to Oxford. Services like these are convenient, accessible, and affordable ways of opening the ebike world to many, many more people.
The growth is coming—what happens next?
How do we harness this momentum? How do we get more people cycling than ever before? Can we swing the success of ebikes to bring down traffic, improve air quality, and encourage an active transport ecosystem?
The EBIKE SUMMIT 2024 will discuss all of these questions and more. Coming to Oxford on the 20th of September, with Auto Trader as Headline Partner, the summit will gather the leading ebike businesses and names in one place to chart the future of two-wheeled business in the UK.
Find out more about the EBIKE SUMMIT, and either secure your ticket, or join as a partner, here – https://www.ebikesummit.org/
