Global E-bike Charging Station Market, by Vehicle Type (Electric Scooters/ Motorcycles and E-bikes) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2028, is expected to be valued at US$ 3,498.13 million by 2028, exhibiting a CAGR of 3.7% during the forecast period (2021 - 2028), as highlighted in a report published by Coherent Market Insights.
E-bike charging stations are defined as a site where one or more Electric Vehicle Supply Equipment (EVSE) are installed. The e-bike charging stations will be functional 24*7 with 21 AC/DC chargers for two wheelers, and others. Furthermore, the e-bike charging stations can be installed in residential sites, commercial sites, and others.
The global e-bike charging station market accounted for US$ 2,715.23 Mn in terms of value in 2021 and is expected to grow at a CAGR of 3.7% for the period 2021-2028.
Rapid growth in e-bikes sales can boost the global e-bike charging station market over the forecast period. For instance, according to the Society of Manufacturers of Electric Vehicles (SMEV), in India, 54,800 e-bike units were sold in 2018 and 126,000 e-bike units were sold in 2019 with a growth of 123.93%. Furthermore, the increasing sales of e-bikes is expected to drive growth of the global e-bike charging station market during the forecast period (2021-2028).
Moreover, growing deployment of e-bike charging stations in commercial, residential, and others is expected to boost the global e-bike charging station market growth. For instance, in November 2020, eBikeGo, an electric mobility solutions provider stated that they will be installing 3,000 electric vehicle charging stations across five cities in India – New Delhi/NCR, Mumbai, Bengaluru, Hyderabad, and Chennai. Furthermore, the company started to install these charging stations from December 01, 2020. Moreover, the company also plans to expand its EV charging network to 12,000-15,000 charging stations by end of 2021.
However, lack of charging infrastructure is one the major challenge for the market growth. Moreover, setting up charging stations is a lengthy process and is proving to be a one of the major challenge to the global e-bike charging station market growth.
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. However, now that the lockdown has been lifted in most of the countries, the global e-bike charging station market is again gathering at a pace owing to increasing awareness of customers towards e-bike and growing need for sustainable transportation is likely to fuel growth of the market during forecast period (2021-2028).
To know the latest trends and insights prevalent in the Global E-bike Charging Station Market, click the link below:
Key Trends and Analysis of the Global E-bike Charging Station Market:
Major companies operating in the global e-bike charging station market include: Amezeus (HFS Group), Ather Energy, Bikeep, CYCLE WORKS, EV Motors India Pvt. Ltd, Robert Bosch GmbH, RTL, Spelsberg, SWIFTMILE, and Zoov.
Joining thousands of companies around the world committed to making the Excellent Business Solutions.