The modern-day document posted via Report Ocean, titled “ Electric Bikes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global electric bikes market size was valued at $16.34 billion in 2017, and is expected to reach $23.83 billion by 2025, registering a CAGR of 4.9% from 2018 to 2025. Electric bikes are bicycles with an integrated electric motor drive mechanism and battery, which produces power for causing or assisting propulsion. Various kinds of globally available e-bikes range from electric bikes with a small motor to assist the pedal-power of the rider to more powerful e-bikes that produce power to completely drive the bike using throttle. Electric bikes are a flexible, versatile, eco-friendly, and trendy mode of transport. Consumers look up to them as an ideal substitute for scooters, smart cars, and public transport. Consumers are benefited because they better tackle traffic congestion owing to the smaller size of e-bikes, attain higher speeds with lesser effort, and gain from the advantages of peddling. These factors have led to growing popularity of electric bikes across the globe.
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Leveraging the throttle on demand drive mode, users reach the destination effortlessly. Electric scooters and motorcycles have been competing with conventional scooters and motorcycles running on fossil fuels. The advantages offered by electric scooters and motorcycles are lower operating costs and eco-friendly nature.
The different types of drive mechanisms of e-bikes are hub motor, mid drive, and others. The hub motor is the most common drive mechanism in which either of the wheel is replaced with one having a hub motor connected by a wire to a battery or motor controller. Majority of e-bike companies use batteries, such as Lead-acid, Lithium-ion (Li-ion), Nickel-metal hydride (NiMh), and others. The lead acid battery is the leading type used in electric bikes, owing to its low cost and ease of recycling. However, popularity of Li-ion batteries has been growing at the highest rate because of their higher capacity with lesser size and weight.
The global electric bikes market growth is driven by government support and stern rules in favor of electric bikes coupled with growing consumer inclination toward use of e-bikes as an eco-friendly and efficient solution for commute and increasing fuel costs. Moreover, rising interest in cycling as a fitness and recreational activity further augments the growth of the market. However, high costs of e-bikes and ban on use of e-bikes in major cities in China are anticipated to restrict the market growth.
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The global electric bikes industry is segmented on the basis of product type, drive mechanism, battery type, and region. On the basis of product type, the market is segmented into pedelecs, throttle on demand, and scooter & motorcycle. By drive mechanism, the market is segmented into hub motor, mid drive, and others. Battery-wise, the market is classified into Lead-acid, Lithium-ion (Li-ion), Nickel-metal hydride (NiMh), and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global electric bikes market focus on key market strategies, such as mergers, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the market include Trek Bicycle Corporation, Accell Group, Fuji-ta Bicycle Co., Ltd, Derby Cycle, Giant Manufacturing Co., Ltd., Jiangsu xinri e-vehicle Co., Ltd.
Other key players operating in the market include Mahindra & Mahindra Ltd. (GenZe), Bionx International Corporation, Prodecotech, LLC, and Tianjin Golden Wheel Group Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the market, with current trends and future estimations to elucidate the investment pockets.
A comprehensive analysis of factors that drive and restrict the growth of the market is provided.
The report provides a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities.
An extensive analysis of different segments facilitates to understand various products of the market.
The key players are profiled, and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.
KEY MARKET SEGMENTS
By product type
Pedelecs
Throttle on demand
Scooter & motorcycle
By drive mechanism
Hub motor
Mid drive
Others
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By battery type
Lead acid
Lithium ion
Nickel-metal hydride (NiMH)
Others
By region
North America
U.S.
Canada
Mexico
Europe
Netherlands
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Vietnam
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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