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E-Bike Charging Station Market Analysis by Type (Electric Scooters, Motorcycles, and E-Bikes); Charger Type (Level-1, Level-2, and DC Fast Chargers); and by Battery Type (Lead Acid, Lithium-Ion, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Tritium DCFC Limited 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.
  • EV Charging Solutions, Inc. dba EVCS announced that beginning in October 2021, EV owners will be able to take advantage of free charging at West Coast Electric Highway (WCEH) charging points in Oregon and Washington until network upgrades are completed in late 2021/early 2022.

Global E-Bike Charging Station Market Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~20%

Base Year Market Size (2022)

 ~ USD 2760 Million

Forecast Year Market Size (2033)

~ USD 17089 Million

The global e-bike charging station market is estimated to garner a revenue of USD 17089 million by the end of 2033 by growing at a CAGR of ~20% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 2760 million in the year 2022. The market is poised to grow on the account of the rising use of electric vehicles (EVs) across the world. For instance, over 650,000 electric cars were sold in the U.S. in 2021.

E-Bike-Charging-Station-Market-Analysis

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Electric bikes come in a variety of sizes and power levels around the world, from those with modest motors that help the rider's pedaling to more potent models that can generate power to drive the bike using the throttle. They are a chic, functional, flexible, and eco-friendly form of transportation. These bikes are more compact, can travel at higher speeds with less effort, and contribute to reducing traffic congestion. These elements are anticipated to cause the global market for electric bike charging stations to expand. For instance, in the United States, The Bipartisan Infrastructure Act is going to allocate USD 7.5 billion to the construction of a nationwide network of 500,000 EV chargers, ensuring that charging EVs is predictable, dependable, and accessible.

Global E-Bike Charging Station Market: Growth Drivers and Challenges

Growth Drivers

  • Rapidly Growing Government Support – EVs across the world are gaining recognition for their cleanliness and efficiency. Governments are now providing subsidies and the required infrastructure to boost the use of EVs. In China, the announcement about Exempting Vehicle Acquisition Tax for NEVs (New-Energy Vehicles) was issued jointly by the Ministry of Finance (MOF), the State Taxation Administration (STA), and the MIIT on April 22, 2020. According to the document, relevant authorities will exempt NEVs from vehicle purchase tax until the end of 2022.
  • Growing World Awareness About Carbon Footprint – It has been estimated that EVs in Europe emit less than three times CO2 than petrol cars of the same class.
  • Rapidly Rising Sales of EVs- Sales of EVs are projected to cross over 10 million in 2022, an increment of over 50% from 2021. By the end of 2022, over 26 million EVs are expected to be in use, including light vehicles.
  • E-Bikes Becoming a Cost-Effective Option – In the U.S. the average yearly cost of owning a car, including fuel, parking, maintenance and insurance amounts to about 4000 USD. The cost of owning an e-bike, whereas is a meagre 300 USD on an average.
  • Increased Mobility and More Time-Saving – As per statistics, traffic jams cost Americans over USD 85 billion in 2018, with over 95 hours of lost time annually. The mobility of an e-bike can help people, especially in metropolitan cities, save a huge amount of time.

Challenges

  • Slow Charging Speeds at Various Charging Points
  • Low Density of Available Charging Points
  • Competition from Other Electric Vehicles Types

The global e-bike charging station market is segmented and analyzed for demand and supply by charger type into level-1, level-2 and DC fast chargers. Out of these segments, level-2 chargers are all set to garner the higher market share by 2033. In the U.S., level 2 clearly outpaces the other two charging methods, with over about 4 times as many ports and 6 times as many locations than DC fast chargers.

Global E-Bike Charging Station Market Regional Synopsis

Regionally, the global e-bike charging station market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033. This can be attributed to China, which currently has over 295 million e-bikes.

E-Bike-Charging-Station-Market-Scope

The global e-bike charging station market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global e-bike charging station market includes the following segments:

By Type

  • Electric Scooters
  • Motorcycles
  • E-Bikes

By Battery Type

  • Lead Acid
  • Lithium-Ion
  • Others

By Charger Type

  • Level-1
  • Level-2
  • DC Fast Chargers

Top Featured Companies Dominating the Global E-Bike Charging Station Market

  • EV Charging Solutions, Inc. dba EVCS

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Tritium DCFC Limited
  • MEGAtimer GmbH - bike-energy
  • Robert Bosch GmbH
  • EVBox
  • Swiftmile, Inc.
  • Rolec Services Limited
  • FreeWire Technologies, Inc.
  • Get Charged, Inc.
  • Parkent Cycles Inc.

 

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