An electric bicycle is a bicycle that has an electric motor drive system and a battery that produces energy to exert or assist propulsion. Electric bikes with modest motors that aid the rider's pedaling force are available all around the world, as are more powerful electric bikes that generate energy and propel the bike entirely on gas. Electric bicycles are a versatile, eco-friendly, and trendy mode of transportation. Customers consider them feasible alternatives to scooters, self-driving cars, and public transportation. Because of its tiny size, the electric bicycle can reduce traffic congestion while also achieving fast speeds with minimal effort and enjoying the health benefits of walking.
E Bike Market Scope and Research Methodology:
The objective of the report is to analyses and forecast the E Bike market size. The market report includes strategic profiling of significant market participants in order to accurately depict the competitive environment for the global E Bike market. it includes a detailed analysis of new product launches, acquisitions, mergers, and joint ventures, brands and key players in the E Bike industry. The report provides information on industry trends and developments, market dynamics and their potential, which helps experts to stay up to date on the most recent trends and sector performance, predicting growth and decline in E Bike market share during the forecast period. To know the E Bike industry in detail, primary and secondary research methods were used and for accurate finding various methodologies such as the PESTLE, PORTER, and SWOT analysis were used. SWOT analysis was employed to provide strengths, weaknesses, opportunities and challenges for E Bike key players in the industry. PORTER and PESTLE analysis helps to understand the microeconomic and macroeconomic factors affecting the E Bike industry.
E Bike Market Report Overview:
The report thoroughly covers analysis of insights in view of the E Bike Market along with its ever-changing patterns, industry environment, and all dominant aspects of the market. A detailed analysis of key players is also provided in the E Bike market report.
E Bike Market size was valued at US$ 41.85 Billion in 2020 and the total E Bike Market revenue is expected to grow at 12.4% through 2021 to 2027, reaching nearly US$ 91.3 Billion.
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E Bike Market Segmentation:
The E bike market is divided into three categories based on battery type: lead acid, lithium-ion, and nickel steel hydride. In recent years, practically all manufacturers have depended almost entirely on Li-ion batteries. One of the reasons China has seen such a significant increase in e-bike revenue is that manufacturing costs are far lower than elsewhere. According to INSG, this was carried out in part by utilizing less expensive and heavier lead-acid batteries. However, current preferences for more subtle lithium-ion batteries (LIB) have evolved.
In 2019, lead-acid batteries accounted for more than 80% of all synthetic and purchased e-motorcycles worldwide. Li-ion battery prices have plummeted considerably in recent years. LIBs are expected to account for two-fifths of all e-motorcycles sold globally. Li-on batteries are expected to power 25% of electric motorcycles by 2020. In comparison, that figure is expected to rise to 60% by 2023. Lithium-ion batteries are now being synthesized for a variety of applications in electric bicycles. There are models for commuting, hauling cargo, and mountain biking.
The passenger automobile category contributes significantly to the ADAS market. increasing traffic safety requirements, legal support, and increasing consumer awareness can all lead to increased demand for safety technologies in growing economies. Furthermore, certain nations in Europe, North America, and Asia Pacific have enacted legislation requiring various types of ADAS to be fitted in passenger vehicles. For example, the European Union has proposed Vision Zero, a plan to eliminate traffic fatalities by 2050. The organization has set a target of cutting casualties by half by 2030. The strategic plan also calls for mandatory lane departure warning, autonomous emergency braking, and tiredness and attentiveness monitoring in new vehicles by 2022.
E Bike Market Key Players:
Yamaha Motor Company (Japan)
Giant Manufacturing Co. Ltd. (Taiwan)
Accell Group N.V. (Netherlands)
Aima Technology Group Co. Ltd. (China)
Yadea Group Holdings Ltd. (China)
Pedego Electric Bikes (USA)
Merida Industry Co. Ltd (Taiwan)
Trek Bicycle Corporation (USA)
Specialized Bicycle Components, Inc. (USA)
BH BIKES (Spain)
Derby Cycle (Germany)
Klever Mobility (Netherlands)
Revolt Intellicorp (India)
JIANGSU XINRI E-VEHICLE CO., LTD. (China)
Karbon Kinetics Ltd (UK)
Solex Cycle North America Inc. (USA)
ITALJET SPA (Italy)
GenZe by Mahindra (India)
Amego Electric Vehicles Inc. (Canada)
E Bike Market Regional Analysis:
The report is segmented into several key countries, with market size, growth rate, import and export of E Bike market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
Key Questions answered in the E Bike Market Report are:
- Which segment grabbed the largest share in the E Bike market?
- Which segment is expected to grow at a high rate during the forecast period?
- How is the competitive scenario of the E Bike market?
- Which are the key factors driving the E Bike market growth?
- Which region holds the maximum share in the E Bike market?
- What will be the CAGR of the E Bike market during the forecast period?
- Which are the prominent players in the E Bike market?
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