The increasing government subsidies and financial incentives along with increasing popularity and demand of e-MTBs and eco-friendly transportation, are expected to drive growth to the market for E-Bike Market Globally.
Electric bicycles are a versatile, eco-friendly, and fashionable form of transportation. Consumers regard them as a viable alternative to scooters, smart cars, and public transportation. E-bikes help to reduce traffic congestion because of their reduced size, ability to reach higher speeds with less effort, and health advantages gained from peddling. These considerations have resulted in an increase in the popularity of electric bikes around the world. The market is expected to grow due to factors such as government regulations encouraging the use of electric bikes, consumer preference for e-bikes as an environmentally friendly and efficient mode of transportation, rising fuel prices, and increased interest in cycling as a fitness and recreational activity. However, the expensive cost of e-bikes and a prohibition on their use in large Chinese cities are stifling the market's expansion. Improvements in bicycle infrastructure and battery technology and reduced battery cost are also projected to provide attractive chances for the electric bike business to flourish.
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According to UnivDatos research report “E-Bike Market”, the market is expected to witness a CAGR growth of around 10% during the forecast period 2021-2027F. Global E-Bike Market is experiencing significant growth due to the increasing government subsidies and financial incentives along with increasing popularity and demand of e-MTBs and eco-friendly transportation.
Based on Mode, the market is segmented into Pedal Assisted and Throttle Assisted. The pedal segment generated revenue of USD XX billion in 2020. Over the projected period, the pedal assisted markets are expected to increase significantly. Consumers like the pedal assist mode because it combines the benefits of riding with the convenience of electric assistance for longer cruises. As a result, pedal assist leads the mode segment
Based on Battery Type, the market is segmented into Lithium-Ion, Lead Acid and Others. The Lithium-Ion segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027. One of the major causes of growth of this segment is these batteries are smaller in size, long-lasting, and have more power-to-weight ratio than other batteries.
Based on Application, the market is segmented in Mountain/Trekking Bikes, City/Urban, Cargo and others. The Mountain/Trekking Bikes segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027. As customers are becoming more interested in trekking and recreational activities, demand for mountain/trekking e-bikes is fast expanding. There is a rise in demand for mountain/trekking e-bikes as people become more interested in performance-based adventure activities.
Asia Pacific to Grab Lion’s Share
During the projection period of 2021-2027, Asia Pacific is expected to be the largest market. The Asia-Pacific e-bike market is dominated by China, which is the region's largest manufacturer and exporter of e-bikes. E-bikes are increasingly being purchased throughout the region for cost-effective and environmentally friendly commuting for short distances, such as commuting to work or the office. In this region, India, Japan, and South Korea are potential markets owing to the increasing e-bike sales in these countries.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global E-Bike Market are includes Yamaha Motor Corporation, Mahindra & Mahindra Ltd., Accell Group, Giant Manufacturing Co., Ltd., Derby Cycle, Jiangsu Xinri E-Vehicle Co., Ltd., Karbon Kinetics Ltd, Trek Bicycle Corporation, Merida Industry Co., Riese & Muller etc.
§ In July 2020, Yamaha Bicycles is launched the new Civante Class 3 electric power assist bicycle this summer, expanding its lineup of fitness-focused road bikes. The Civante’s stylish drop bar design and exceptional handling offer another level of performance in Yamaha’s proven e-Bike lineup by providing smooth, natural, and powerful assist up to 28 mph
§ In October 2019, Giant Manufacturing introduced the all-new Revolt E+ Pro, a versatile drop-bar E-bike that’s designed for variable terrain including roads, gravel, and dirt. Engineered with a smooth-riding ALUXX SL aluminum frame and new motor technologies that make it more powerful and able to go longer distances on a single charge
“Global E-Bike Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
By Mode (Pedal Assisted and Throttle Assisted)
By Battery Type (Lithium-Ion, Lead Acid and Others)
By Application (Mountain/Trekking Bikes, City/Urban, Cargo and Others)
By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Netherland, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World)
By Company (Yamaha Motor Corporation, Mahindra & Mahindra Ltd., Accell Group, Giant Manufacturing Co., Ltd., Derby Cycle, Jiangsu Xinri E-Vehicle Co., Ltd., Karbon Kinetics Ltd, Trek Bicycle Corporation, Merida Industry Co., Riese & Muller)
Key questions answered in the study:
What are the current and future trends of the Global E-Bike industry?
How the industry has been evolving in terms of end-user demand and product category?
How the competition has been shaping across the countries followed by their comparative factorial indexing?
What are the key growth drivers and challenges for the Global E-Bike industry?
What is the customer orientation, purchase behavior, and expectations from the Global E-Bike suppliers across various countries?
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