In 2019, the electric bike industry was worth 40,312 million dollars, and by 2030, it is predicted to be worth 118,657 million dollars. According to new statistics from the Department of Transportation, electric bikes are the fastest growing segment of the electric bike market in the United States. Electric bikes are making a big contribution to Europe’s and the world’s growing economies. In comparison to the previous year, almost 3 million electric bikes were sold in 2019, a 23 percent increase. This trend has been expanding since 2019, with sales expected to reach 6.5 million e-bikes by 2025. According to a survey, e-bikes are in high demand in nations such as Europe, Spain, France, Germany, Italy, China, India, and the Netherlands. Between 2020 and 2025, the worldwide e-bike industry is predicted to increase at a 6.21 percent annual rate.
Insider Monkey highlights the list of the top 10 electric bike companies in the world. Damon Motorcycles is a Canadian firm that was established in 2017. Sensors, cameras, radars, and Al are utilized in their bikes to monitor the speed and direction of the bike, as well as the co-pilot safety system. If Damon’s AI detects an object or vehicle on a collision course with your bike, it will alert you ahead of time. Merida is a Taiwanese electric bicycle manufacturer. It exports about 2 million e-bikes per year to over 77 countries. The corporation has plants in China, Germany, and the United States, as well as a California production facility. Bosch is a German company that produces electric bike motors, batteries, screens, and other technology and systems. Over 50 top-ranked and leading e-bike brands across Europe use the company’s systems. Bosch, based in Gerlingen, was founded in 1886. Yamaha produces 300,000 e-bikes each year and has 2.7 million bikes running on their system around the world. Yamaha, which makes everything from e-bikes to Jet Skis, is ranked 7th on the list of the top 10 electric bike businesses in the world. Giant Bicycle Company is a Taiwanese e-bike manufacturer. By 2017, the company has sold 6.6 million bicycles for a total of US$1.9 billion in revenue. The outbreak of the coronavirus resulted in a surge in demand for Giant bicycles. For more details, click Top 10 Electric Bike Companies in the World.