At 10.9% CAGR, Electric Bikes Market Size to hit USD 95.48 Bn in 2027, says Brandessence Market Rese

Dhananjaychangle26 Oct, 2021News

LONDON, Oct. 20, 2021 /PRNewswire/ -- Electric Bikes Market Size reached a valuation of USD 46.28 Billion in 2020. Electric bikes market size is expected to increase to USD 95.48 billion in valuation by 2027, with a robust CAGR growth of 10.9% over the 2020-2027 period. Some major investments in e-bikes during this pandemic include $150 million investment in Rad Power Bikes. The company received a $150 million funding from major investors like Morgan Stanley Group. Similar positive developments include iconic Harley Davidson's entry into e-bikes with a promising bike launch in 2020. Some major electric bikes companies globally include Derby Cycle, Accell Group, Giant Manufacturing Co., Ltd, Fuji-ta Bicycle Co., Ltd, and Jiangsu Xinri E-Vehicle Co., Ltd.