According to a recent report by Statista Research Department, the global market for electric-assisted bicycles reached approximately US$26.5 billion in 2021. It is expected to climb at a CAGR of just under 10% from 2022 to 2030, reaching a maximum of US$62.3 billion. The data shows that the global market for electric-assist bicycles is becoming increasingly hot and quite popular with consumers.
Firstly, the ability of electric assistance to help cyclists ride more easily and enjoyably is one of the reasons for its popularity.
The second is that electric assisted bikes are easy to get used to, meeting the commuting requirements of commuters and compensating for the lack of physical strength of the middle-aged and elderly, reducing travel costs, while at the same time achieving fitness goals and reducing muscle stretching injuries and wear and tear on knee joints.
The third aspect is that for the keen cyclist, electric power can also be used for training purposes, being able to maintain an even speed and smoothness through the adjustment of the power gears, allowing the cyclist to have a more humane training experience, training breathing rate and pedalling rhythm.
The fourth reason is the multi-functional application combined with the policy support subsidies for electric-assisted bicycles in Europe and the US, making the ebike an economical and environmentally friendly choice. In this way, the purchase and use of electric-assisted has become a popular choice in Europe and the US, and has also expanded its influence globally.
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