E-Bike Charging Station Market Regional Analysis:
APAC Market Insights
Asia Pacific region is anticipated to hold over 39.8% market share by 2035, driven by low-cost domestic manufacturing and abundant labor force. 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.
