Global E-bike Market | Growth, Share, Trends, Analysis

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The Global E-Bike Market to Grow at CAGR of 9.95
by 2028
Triton Market Research presents the Global E-Bike
Market segmented by Drive Mechanism (Mid-Drive,
Hub Motor, Others), Application (Trekking,
City/Urban, Cargo), Power (Above 250 W, Less than
Equal to 250 W), Product (Throttle on Demand,
Scooter or Motorcycle, Pedelecs), Battery (Lead
Acid, Lithium- Ion), and by Geography (Middle
East and Africa, North America, Latin America,
Asia-Pacific, Europe). The report further
discusses the Market Summary, Industry Outlook,
Key Insights, Impact of COVID-19, Porters Five
Forces Analysis, Market Attractiveness Index,
Vendor Scorecard, Key Market Strategies, Drivers,
Challenges, Opportunities, Competitive Landscape,
Methodology Scope, Global Market Size,
Forecasts Analysis (2021-2028). Based on
Tritons report, the global e-bike market is
envisioned to witness growth in terms of revenue
at a CAGR of 9.95 over the forecasted period
2021-2028.
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Electric bikes are eco-friendly modes of
transport that assist the user in easy pedaling
and are powered by an electric motor. They are
widely used for trekking, cargo, or leisure
purposes.
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In recent years, the growing e-commerce services
have enhanced the demand for e-cargo bikes across
various countries. Moreover, these bikes are
widely gaining traction for covering short
distances for delivery, including food
deliveries. Hence, the growing use of e-bikes for
delivery purposes opens new avenues for the
e-bike market. Additionally, the use of e-bike as
a solution to growing fuel prices adds to the
studied markets progress. However, the high cost
of e-bikes, product recalls, and problems related
to distribution hamper the overall growth of the
e-bike market. The Asia-Pacific holds the largest
market for e-bike globally. Among the countries,
China has gained a significant share in the
studied market, owing to the high population
base. Moreover, the country has emerged as one of
the largest manufacturers and exporters of
e-bikes. Furthermore, the demand for electric
bikes has grown in other nations as they are
eco-friendly, lightweight, and cost-effective. Bes
ides, the increase in initiatives to promote the
use of eco-friendly vehicles is likely to fuel
the adoption rate of electric bikes. Therefore,
as stated above, these factors play a significant
role in driving the e-bike market on a growth
path across the APAC region. The distinguished
companies in the e-bike market include Vanmoof,
Robert Bosch GmbH, Qwic, Shimano Inc, Giant
Manufacturing Co Ltd, Panasonic Corporation,
Riese Mueller, Samsung SDI Co Ltd, Derby Cycle,
Jiangsu Xinri E-Vehicle Co Ltd, Brose
Fahrzeugteile Se Co KG, LG Chem, Trek Bicycle
Corporation, Fuji-Ta Bicycle Co Ltd, Golden Wheel
Group, Accell Group, BMZ GmbH, and
Stromer. Several manufacturers are expanding
their operations across major regions to avoid
import charges. Moreover, traditional vehicle
manufacturers can enter the market with less
capital investment compared to new market
players. This makes the threat of new players
low. Furthermore, numerous existing players are
adopting new technologies to attain a competitive
edge in the market. Besides, manufacturers are
striving to decrease the cost of motors and
batteries over the next few years. Hence, the
competition level is likely to remain moderate
over the forecast period.
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