The global electric bikes market was valued at USD 43.32 billion in 2023 and grew at a CAGR of 15.63% from 2024 to 2033. The market is expected to reach USD 185.09 billion by 2033. The increasing fossil fuel prices will drive the growth of the global electric bike market. Electric bikes can play a crucial role in decreasing congestion in cities. Urban areas have become more congested, and hence, electric bikes can be a flexible, agile, and fast transportation solution.
https://www.thebrainyinsights.com/report/electric-bikes-market-13509
