An electric bike or (E-bike) charging station, also called charging point or electric recharging point, provides electric energy to charge electric bike and electric scooters/ motorcycles. Moreover, the charging station are deployed in residential, non-residential, or commercial areas.
Increasing population leads to depletion of the ozone layer that compelled various countries to minimize the greenhouse effect by adopting alternative sources of energy. Furthermore, government-owned companies are involved in partnerships to develop and install electric bike charging station. For instance, in March 2020, National Thermal Power Corporation Limited, an Indian government-owned electric utility company, and Rajasthan Electronics & Instruments Ltd. (REIL), an India-based mini Ratna company, signed an agreement with Government of Andhra Pradesh, India, to establish 110 electric vehicle charging stations at an approximate cost of US$ 4.29 million.
Global E-bike Charging Station Market- Regional Insights
Asia Pacific region is the largest market for e-bike charging stations, owing to factors such as rising urbanization, increasing awareness about benefits of e-bikes, and government incentives to promote the usage of e-bikes and related infrastructure over the forecast period.
Figure 1. Global E-bike Charging Station Market Share (%), By Region, 2022
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Among region, Asia Pacific held the dominant position in the global e-bike charging station market in 2020 and is estimated to retain its dominance throughout the forecast period, owing to rising demand for energy-efficient and emission-free electric two-wheelers. For instance, in April 2021, Ola Electric, a subsidiary of Ola Mobility, launched 100 thousand charging stations across 400 cities in India. The company is also setting up a hyper charging network that will allow individuals to charge their Ola scooters across any location with five to 10 minutes away. Major players operating in the global e-bike charging station market include Amezeus (HFS Group), Ather Energy, Bikeep, Cycle Works, and EV Motors India Pvt. Ltd, Robert Bosch GmbH, RTL Group, Spelsberg, Swiftmile, and Zoov.
Global E-bike Charging Station Market- Drivers
Rising adoption of E-bikes
Environmental concerns such as concern regarding climate change and air pollution is expected to create need for environmentally friendly transportation options. E-bikes are cleaner and greener alternative to traditional gas-powered vehicles. E-bikes are appealing to individuals who does not have the stamina or fitness level to ride a traditional bike. E-bikes provide a convenient and flexible mode of transportation, particularly in urban areas where traffic and parking are the major issues. E-bikes are used on bike lanes and paths, and thus, making them a faster and more efficient mode of transportation in busy city centers. Rising adoption of e-bikes is expected to drive the market growth.
Increasing population is leading to depletion of the ozone layer, which has compelled various countries to take measures to minimize the greenhouse effect by adopting alternative sources of energy: one such step is the introduction of electric bikes and electric vehicles. Furthermore, government-owned companies are entering into partnerships to develop and install electric bike charging station. For instance, in March 2020, National Thermal Power Corporation Limited, an Indian government-owned electric utility company and Rajasthan Electronics & Instruments Ltd. (REIL), an India-based miniratna company, signed an agreement with Government of Andhra Pradesh, India to established 110 electric vehicle charging stations at an approximate cost of US$ 4.29 million.
E-bike Charging Station Market Report Coverage
|Market Size in 2022:
|US$ 2,754.7 Mn
|Historical Data for:
|2017 to 2020
|2023 to 2030
|Forecast Period 2023 to 2030 CAGR:
|2030 Value Projection:
|US$ 3816.4 Mn
Amezeus (HFS Group), Ather Energy, Bikeep, cycle works, EV Motors India Pvt. Ltd, Robert Bosch GmbH, RTL Group, Spelsberg, swiftmile, and Zoov
|Restraints & Challenges:
Global E-bike Charging Station Market- Opportunities
Expansions of new markets
E-bike charging stations can be placed in variety of locations such as parks, shopping centres, office buildings, residential areas and tourist spots. There is an opportunity to expand into new market, on the area where E-bikes are becoming increasingly popular.
Charging stations are linked to traffic management systems or public transportation networks, and thus, provides real-time information about the availability and location of charging stations. Developing new charging technologies that are compatible with smart city infrastructure is expected to offer new opportunities. Charging stations could be equipped with sensors that detect when an e-bike is being charged, and automatically adjusts the charging rate based on the battery level.
Global E-bike Charging Station Market- Trends
Increasing development of electric vehicle charging stations
Increasing development of electric vehicle charging stations across world is expected to boost the global e-bike charging station market. For instance, in October 2020, Mumbai-based eMatrixmile India signed an agreement with Magenta EV Solutions to develop 10,000 EV charging stations across India.
Global E-bike Charging Station Market- Restraints
Lack of Standardized Charging Infrastructure
Lack of standardized charging infrastructure is a major restraint for the e-bike charging station market growth. Currently, there is no universal charging standard for e-bikes, and thus, differentmanufacturers uses different connectors and charging protocols that makes it challenging to develop a standardized charging infrastructure. Lack of standardization creates confusion for e-bike users, who are not aware which charging stations are compatible with their particular e-bike The lack of standardization creates barrier for entry of new players in the e-bike charging station market, as developing charging solutions that are compatible with multiple e-bike models is time-consuming and costly procedure.
Global E-bike Charging Station Market- Impact of Coronavirus (Covid-19) Pandemic
The outbreak of COVID-19 is expected to negatively influence the global e-bike charging station market growth. Initially, in the pandemic few companies witnessed decreased sales of conventional bicycles and e-bikes as the global supply chain was disrupted by lockdown orders and bike stores were forced to close. However, after lockdown, sales are booming globally, with several buyers opting for electric bikes for the first time.
Figure 2. Global E-bike Charging Station Market Share (%), By Vehicle Type, 2022
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Global E-bike Charging Station Market- Segmentation
Global E-bike charging Station market is segmented into vehicle type and region. Based on vehicle type, E-bike segment dominated the market, and is expected to exhibit a significant growth during the forecast period. The segment is driven by factors such as rising fuel costs, increasing awareness regarding environmental impact of gasoline-powered vehicles, and improvements in battery technology.
Global E-bike Charging Station Market- Key Developments
In October 2020, Swiftmile, the pioneer in micromobility charging, introduced its solar powered e-bike charging station. The company plans to equip charging stations in various developing cities in the U.S. and Europe. The plan was launched to provide an eco-friendly and socially distant option for short trips around the base, thereby reducing traffic in the area.
In September 2022, Tritium Group, a company operating in the field of fast-changing technology for electric vehicles, announced that the company will provide fast chargers for a new EV highway that will span more than 7,000 kilometers (4,350 miles) across the state of Western Australia. It has received funding from the Western Australian government.
In April 2021, Ola Electric, a subsidiary of Ola Mobility set up 100 thousand charging stations across 400 cities.
In September 2020, Yulu Bikes Pvt. Ltd, an India-based company signed agreement with Mumbai Metropolitan Region Development Authority (MMRDA), under which they have launched a cheap and cheery electric bike facility in Bandra-Kurla Complex (BKC), Mumbai, India. The Yulu Bikes Pvt. Ltd has placed 18 bike stations in BKC as part of its pilot implementation of service. The number of bike stations will gradually increase as part of its demand-based phase-wise expansion across the city in the next one year.
Global E-bike Charging Station Market- Key Companies Insights
Some of the key players in the global e-bike charging station market are Amezeus (HFS Group), Ather Energy, Bikeep, CYCLE WORKS, EV Motors India Pvt. Ltd, Robert Bosch GmbH, RTL, Spelsberg, SWIFTMILE, and Zoov.
*Definition: E-bike charging station is a designated area or facility that provides electric power for recharging electric bicycles or e-bikes. These charging stations usually have charging points or sockets where users can plug in their e-bikes and recharge their batteries.
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