Global E-Bike Charging Station Market Definition
E-bike charging stations are installed to charge e-bike and e-cars and these charging stations can be mounted on wall and it can also free-stand. They are generally installed in tourist and public areas, and are also designated as electric vehicle supply equipment (EVSE) which can be described as equipment that is used to transmit electrical power for charging plug-in electric vehicles. These charging stations can be used to charge neighborhood including electric vehicles, electric cars, electric buses, electric trucks, and other electric vehicles.
E-bike charging stations have the capacity to be expended with the assistance of additional functions and tools, and their functions and features can be controlled via key or with an app. E-bike charging stations can charge different brands of e-bike with equal pace and safety. Moreover, charging services can be made available in any weather condition with the help of these stations. Additionally, several e-bike or cars can be charged at these stations at the same time.
Charging stations require the right charging cables, and with type 1 and type 2 connections, e-bike charging stations can also charge Renault, Audi, BMWI, Tesla, and other quickly. Furthermore, e-bike charging stations require enough space for vehicles to come and go, a 33/11KV cable and supporting equipment, local certifications, and others. It is not difficult to set up an e-bike station in any country.
Global E-Bike Charging Station Market: Key Insights
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~20% |
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Base Year Market Size (2022) |
~ USD 3.0 Billion |
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Forecast Year Market Size (2033) |
~ USD 18.0 Billion |
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Regional Scope |
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Global E-Bike Charging Station Market Size, Forecast, and Trend Highlights Over 2023 - 2033
The global e-bike charging station market is estimated to garner a revenue of ~ USD 18.0 Billion 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 3.0 Billion in the year 2022. The growth of the market can primarily be ascribed to the rising use of electric vehicles (EVs) across the world. Multiple companies are now marching toward the manufacturing of electric vehicles (EVs) mainly owing to reduce the higher utilization of fossil fuels and the emission of harmful vehicles from vehicles. As of 2021, it was estimated that approximately 650,000 electric cars were sold out solely in the USA and that number was projected to rise exponentially over the forecast period.
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Global e-bike charging station market trends such as, increasing government initiatives and funding to manufacture charging station is expected to influence the market growth positively during the forecast period. 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. Moreover, electric bike 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.
Global E-Bike Charging Station Market: Growth Drivers and Challenges
Growth Drivers
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Growing Support from Governments of Multiple Nations - According to the document, relevant authorities will exempt NEVs from vehicle purchase tax until the end of 2022.
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. 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.
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Growing Awareness of Carbon Footprint Globally – It has been estimated that EVs in Europe emit less than three times CO2 than petrol cars of the same class.
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Rising Sales Volume of Electric Vehicles EVs – The global 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.
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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.
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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
It hasn’t been that long since the debut of electric vehicles across the globe, hence the need of charging station was not that high as well. It was estimated that USA launched first successful electric car. Now a sudden surge in the manufacturing of electric vehicles has been observed and the lack of charging station is now appearing as a major hurdle and owing to which people hesitates to purchase electric vehicles. Another reason responsible for the low density of available charging points is high electric utility fees on charging stations. Therefore, lack of charging infrastructure is estimated to limit the market’s growth over the forecast period.
- Competition from Other Electric Vehicles Types
Global E-Bike Charging Station Market Segmentation
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 which, the level-2 segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the fact that they are more efficient and convenient than level 1. Moreover, level-2 chargers consume less energy which results into less expensive electricity bills. For instance, 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. Furthermore, by 2030, level-2 chargers are projected to dominate charging technology by consuming nearly 60% of the energy.
Additionally, the global e-bike charging station market is segmented and analyzed for demand and supply by battery type into lead acid, lithium-ion, others, out of which, the lithium-ion segment is projected to witness noteworthy growth over the forecast period. Lithium-ion batteries are highly used in the e-bikes and charging stations, since they provide excellent power to weight ratio along with enhanced performance at a low self-rate and high temperature. Hence, this type of battery is high in demand in electric vehicles and charging stations. For instance, the demand for lithium batteries to be used in the electric vehicles was anticipated to be around 18 kt in 2019 across the globe. Furthermore, lithium-ion is observed to constitute approximately 95% of the batteries.
Our in-depth analysis of the global e-bike charging station market includes the following segments:
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By Type |
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By Charger Type |
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By Battery Type |
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Global E-Bike Charging Station Market Regional Synopsis
The Asia Pacific e-bike charging station market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be ascribed to the higher manufacturing and sales volume of electric vehicles for both private and public transportation, that is expected to expand the global e-bike charging station market size during the forecast period. For instance, currently in China, more than 290 million e-bikes are present on the road and the number is forecasted to rise exponentially. Additionally, Asia Pacific accounted for the significant share of electric vehicle supply equipment (EVSE) bases based on the installation. In 2020, in the Asia-Pacific region, the total share of alternating current (AC) charge point was estimated to around 60% while the share of direct current (DC) high power charge points was anticipated to be approximately 22%. Additionally, in 2023, the Indian government is planning to add more than 1000 electric vehicle charging stations which is a part of Phase 2 of the FAME scheme. Moreover, Asian countries are known to adopt electric vehicle earlier than other countries, which is estimated to be one of the major growth factors of the that is expected to boost the growth of the market in the region. Furthermore, the availability of cost-effective e-bike charging infrastructure component and the less expensive manufacturing of the batteries is further predicted to surge the market’s growth in the region. For instance, China’s electronics manufacturing enterprises exhibited a total profit nearly 40% higher in 2021 than the previous year summing up to approximately USD 1000 million.
Top Featured Companies Dominating the Global E-Bike Charging Station Market
- EV Charging Solutions, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Tritium group
- MEGAtimer GmbH
- Robert Bosch GmbH
- EVBox B.V.
- Swiftmile, Inc.
- Rolec Services Ltd
- FreeWire Technologies, Inc.
- StartEngine Capital, LLC
- Parkent Cycles Inc.
