Urbanization encourages the proliferation of micro-mobility solutions such as bike-sharing programs, electric scooters, and e-bike rentals. These solutions provide flexible and environmentally responsible alternatives to short-distance transport, reducing congestion and carbon emissions. E-bikes are a convenient option for urban transportation, particularly over short to medium distances. Riders can cover longer distances with less physical exertion using electric assistance than they do on regular bicycles. This efficiency decreases congestion on highways, relieves pressure on public transportation networks, and helps to smoother traffic flow in cities.
In September 2023, SUN Mobility has formed a strategic collaboration with Swiggy. Under this agreement, the two firms want to electrify approximately 15,000 e-bikes in Swiggy’s delivery fleet over the next year. This alliance is going to rely heavily on SUN Mobility’s battery-swapping technology and a large network of battery-swapping stations. Swiggy’s last-mile delivery e-bikes have easy access to this technology. Swiggy aims to improve the speed, dependability, and environmental friendliness of its deliveries by including e-bikes into its delivery vehicle ecology, whether owned or leased by its delivery executives. These E-bikes used for last-mile delivery services frequently operate for extended periods of time in order to complete deliveries in a timely manner, necessitating frequent recharging to maintain operational efficiency. Charging stations strategically situated in locations with high delivery demand allow delivery riders to swiftly recharge their e-bikes during breaks or between deliveries, assuring ongoing service, which is further anticipated to drive the Global E-bike Charging Station Market during the forecast period 2024-2032.
According to a market report published by Bizwit Research & Consulting, LLP, Global E-bike Charging Station Market is valued approximately USD 4022.24 million in 2023 and is anticipated to grow with a healthy growth rate of more than 25.63% over the forecast period 2024-2032.
The E-bike Charging Station market is expanding because of factors such as rising adoption of e-bikes, supportive government initiatives towards sustainable mobility and growing investments towards bicycle lane infrastructure. Moreover, technological advancements related to e-bike wireless charging systems and rising popularity of shared mobility are creating lucrative growth opportunities for the market growth during the forecast period 2024-2032.
However, high initial setup cost of e-bike charging infrastructure and limited accessibility of charging infrastructure is expected to hinder demand for E-bike Charging Station during the forecast period 2024-2032.
Shared micro-mobility helps to reduce traffic congestion in cities by providing flexible, cost-effective, and efficient alternatives to traditional forms of transportation. By providing last-mile connectivity, these services fill gaps in current public transportation systems, encouraging more individuals to select environmentally responsible solutions for short-distance travel. Shared mobility partnerships allow electric bike-sharing firms to expand their service areas, reaching communities who previously did not have access to alternate transportation options. This expansion involves the deployment of more charging stations over a larger geographic area to ensure that electric bikes stay operational and accessible to consumers. Moreover, many cities are promoting shared micromobility services as part of their sustainability initiatives to reduce traffic congestion and air pollution.
In January 2023, The Phoenix Street Transportation Department’s Shared Micromobility Program represents a significant step in promoting sustainable and accessible transportation solutions in the city. With suppliers like Lime and Spin providing a diversified inventory of e-scooters, e-bikes, classic pedal bikes, and adaptive vehicles, the program meets a wide spectrum of community mobility needs. The availability of e-scooters and e-bikes provides residents and visitors with accessible, environmentally friendly short-distance transportation options, lowering dependency on personal vehicles and mitigating traffic congestion and carbon emissions. As a result, micromobility encourages the integration of charging infrastructure with existing urban infrastructure and enhances convenience for users, which is further anticipated to create lucrative opportunities for the Global E-bike Charging Station Market during the forecast period 2024-2032.
Global E-bike Charging Station Market Size study, By Type (Residential, Commercial), By Charger Type (Level 1, Level 2), By Infrastructure Type (Dock, Dockless) By Battery Type (Lithium-ion, Lead-Acid, Others) and Regional Forecasts 2022-2032
Global E-bike Charging Infrastructure Market is segmented into by Type, by Charger Type by Infrastructure Type and by Battery Type. The total market revenue is based on the revenue generated through the Charging station set-up and installation cost. However, any revenue generated from maintenance and repair services related to charging stations is excluded from the report. Major companies covered under the report includes LG Electronics, Spelsberg, BikeEnergy Zoov by Fifteen Other popular regional players across various countries are also considered for revenue calculation.
