The global electric bike market is estimated to grow at a CAGR of 7.0% during the forecast period. A bicycle with an integrated electric motor drive mechanism and battery that produces power for causing or assisting propulsion is known as an electric bike. Electric bikes with a tiny motor to support the rider’s pedal force to more powerful e-bikes that create enough power to totally operate the bike using throttle are all available globally. Electric bicycles are a versatile, eco-friendly, and fashionable form of transportation. Consumers consider them as a viable alternative to scooters, smart cars, and public transportation. E-bikes support to reduce traffic congestion owing to their reduced size, ability to reach higher speeds with less effort, and health advantages gained from pedaling. These considerations have resulted in an increase in the popularity of electric bikes around the world.
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The market growth is expected to be fueled by factors such as government regulations encouraging the use of electric bikes, consumer preference for e-bikes as an environmentally friendly option, rising fuel prices, and increased interest in cycling as a fitness and recreational activity. The expensive cost of e-bikes and ban on their use in key Chinese cities restrain industry growth. Additionally, advancements in biking infrastructure and battery technology are projected to provide profitable prospects for the electric bike industry.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product
- By Drive Mechanism
- By Battery Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Accell Group, Tianjin Golden Wheel Group Co., Ltd., and Trek Bicycle Corp., among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Electric Bike Market Report by Segment
By Product
- Pedelecs
- Speed Pedelecs
- Throttle on Demand
- Scooter & Motorcycle
By Drive Mechanism
- Hub Motor
- Mid-Drive and Others
By Battery Type
- Lead Acid
- Lithium-Ion (Li-ion)
- Others
Global Electric Bike Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle-East and Africa
Key Questions Answered by Electric Bike Market Report
- What was the Electric Bike Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of the Electric Bike Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Electric Bike Market was the market leader in 2022?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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