The electric bike has an integrated electric motor, pedals, and rechargeable batteries for forwarding propulsion. E-bikes allow commuters to travel greater distances and at higher speed than conventional bicycles. They are less expensive than electric scooters, motorcycles, and mopeds, and do not require insurance or a license. E-bike is an upcoming technology that has already gained traction in various countries. However, the e-bike industry overall is still in an early stage of development with significant room for growth across the world.
The globalย E-bikes marketย was valued at $40.3 billion in 2019, and is projected to reach $118.6 billion by 2030, registering a CAGR of 10.5% from 2020 to 2030.
The most common types of e-bike includes commuter-type, e-mountain bike, e-cargo bike, and compact & foldable bike. Although pedelec e-bikes are most commonly used, e-mountain bikes and e-cargo bikes have witnessed increasing popularity.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ@ https://www.alliedmarketresearch.com/electric-bikes-market/purchase-options
Asia-Pacific dominates the market, in terms of revenue, followed by Europe, North America, and LAMEA. China dominated theย global electric bike marketย share in 2019. However, Mexico is expected to grow at a significant rate during the forecast period, owing to series of initiatives taken by private companies, local governments, and federal officials to promote the adoption of electric vehicle
Factors such as implementation of government regulations to encourage the use of electric bikes, consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute, increase in fuel costs, and rise in interest in cycling as a fitness & recreational activity are expected to drive theย electric bikes market growth. However, high cost of e-bikes and ban on use of e-bikes in major cities of China hinder the market growth. Conversely, advancements in bicycling infrastructure & battery technology are expected to offer lucrative opportunities for the market expansion during the forecast period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ- https://www.alliedmarketresearch.com/request-sample/4756
By product, the market is categorized into pedelecs, speed pedelecs, throttle on demand, and scooter & motorcycle. The scooter & motorcycle segment accounted for the highest revenue in 2019, as scooter & motorcycle aid in significantly reducing of carbon dioxide (CO2) emission and noise pollution. However, the throttle on demand segment is anticipated to witness highest CAGR of 14.0% during the forecast period, owing to increase in popularity of throttle operated electric bicycles among commuters.
On the basis of drive mechanism, the electric bike market is segregated into hub motor, mid-drive, and others. The hub motor segment accounted for the highest revenue in 2019, owing to the factors such as hassle-free installation, cost-effectiveness, and better performance.
By battery type, the market is categorized into lead acid battery, lithium ion (Li-ion), and others. The lithium ion (Li-ion) segment accounted for the highest revenue in 2019. The growth is attributed to their light in weight, high capacity, and also shown a sharp decline in price in recent years.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/4756
๐๐๐ฃ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
โข Accell Group
โข Fuji-ta Bicycle Co., Ltd.
โข Derby Cycle
โข Jiangsu Xinri E-Vehicle Co., Ltd.
โข Giant Manufacturing Co., Ltd.
โข Prodecotech, LLC
โข Mahindra & Mahindra Ltd. (GenZe)
โข Trek Bicycle Corporation
โข Tianjin Golden Wheel Group Co., Ltd.
โข Yamaha Motor Co., Ltd.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐๐ฌ๐๐ ๐จ๐ง
By Product
โข Pedelecs
โข Speed Pedelecs
โข Throttle on Demand
โข Scooter or motorcycle
By Drive Mechanism
โข Hub motor
โข Mid-drive
โข Others
By Battery Type
โข Lead acid
โข Lithium ion (Li-ion)
โข Others
๐๐จ๐ง๐ญ๐๐๐ญ:
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