The latest research study, “Electric Bicycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” was added by the IMARC group. The global e-bike market size reached US$21.6 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$32.4 billion by 2027, with a CAGR of 6.9% in 2022-2027.
To note; We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Request a copy of this report:https://www.imarcgroup.com/e-bike-market/requestsample
An e-bike refers to a bicycle with several electrical components like a motor, battery, and controller. Thanks to the addition of an electric motor, the rider can easily overcome obstacles and move uphill without much difficulty. It works on rechargeable batteries as well as by pedalling. A single charge of the batteries can help the rider cover long distances, thanks to which these bikes have become a cost-effective option for commuters. Moreover, it is an environmentally friendly means of transport compared to other vehicles like cars and motorcycles.
Global e-bike market trends:
One of the major factors influencing the demand for e-bikes is the growing awareness of the health benefits of cycling among the masses. A lack of physical activity and changing dietary habits have led to an increase in the prevalence of lifestyle-related diseases such as obesity and diabetes. As a result, people are inclined to cycle to improve their health, combat weight gain issues, and improve their aerobic capacity. Apart from this, several cities are facing the problem of traffic congestion due to the presence of more automobiles. With this in mind, several governments and civic organizations are taking initiatives to reduce traffic congestion by promoting the use of electric bicycles.
Furthermore, rental services have emerged in several countries in recent years, due to the growing interest in shared micromobility services. For example, e-bikes are widely available for rent in metropolitan areas of the United States, China, Japan, and India, among others. Moreover, advancement in technology has led to the advent of hydrogen-powered bicycles and intelligent e-bike monitoring system (SEMS), which are creating positive prospects for the market.
The competitive landscape of the market has been analyzed in the report, some of the key players being
Tianjin Fuji-ta Group, P
Trek Bicycle Corporation,
Pedego Electric Bikes,
Giant Manufacturing Co. Ltd.,
Merida Industry Co. Ltd.,
Samsung SDI Co.,
Robert Bosch GmbH,
Yamaha Motor Company,
Derby Cycle AG.
Browse the full report with table of contents and list of figures and tables:https://bit.ly/3vVx4Na
Based on the mode, the market has been divided into pedal assist and throttle.
Based on motor type, the market has been divided into mid drive, hub motor and others.
Based on battery type, the market has been segmented into lithium-ion, lead-acid, nickel-metal hydride (NiMH), and others.
On the basis of class, the market has been segregated into class I, II and III.
Based on the design, the market has been categorized into foldable and non-foldable.
Based on application, the market has been categorized into mountain/touring bikes, cargo, urban/urban and others.
Regionally, the market has been segregated into North America, Asia-Pacific, Latin America, Middle East & Africa, and Europe.
Browse related reports:
US e-bike market share: https://bit.ly/3yc4tFk
Electric bike market share in Europe: https://bit.ly/3bfFUx0
Market share of electric bicycles in China: https://bit.ly/3o7NFuf
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