Delvens published a new research publication on "Electric Bike Market Insights, to 2030" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Electric Bike Market was mainly driven by the increasing R&D spending across the world.
The Electric Bike Market is projected to reach USD 79.7 billion by 2026 from USD 47.0 billion in 2021, at a CAGR of 11.1%.
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Recent Developments
In October 2020, Giant Manufacturing launched the new Trance X Advanced Pro 29, a full-composite trail bike with updated Maestro rear suspension and a new flip-chip feature that allows riders to adjust frame geometry.
In October 2020, Pedego Electric Bikes opened a Pedego Electric Bikes store in Boca Raton, Florida, which offers a full range of e-bike sales, rentals, services, and accessories.
Regional Analysis
Asia Pacific is anticipated to lead the e-bike market during the forecast period due to the high sales of e-bikes in the region. In terms of volume, Asia Pacific contributed about ~88% to the global electric bike market in 2020 by volume.
Key Players of Electric Bike Market
· Accell Group
· Derby Cycle
· Fuji-ta Bicycle Co., Ltd.
· Giant Manufacturing Co., Ltd.
· Jiangsu Xinri E-Vehicle Co., Ltd.
· Mahindra & Mahindra Ltd. (GenZe)
· Prodecotech, LLC
· Tianjin Golden Wheel Group Co., Ltd.
· Trek Bicycle Corporation
· Yamaha Motor Co., Ltd. and More
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Electric bike is a bicycle 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.
Implementation of government regulations to encourage the use of electric bikes, consumer inclination toward uses 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 some of the factors that have supported long-term expansion for Electric Bike Market.
Electric Bike Market is segmented into class, speed, battery type, motor type, mode, components, usage, ownership and region.
On the basis of Class
· Class-I
· Class-II
· Class-III
On the basis of Speed
· up to 25 km/h
· 25-45 km/h
On the basis of Battery Type
· lithium-ion
· lithium-ion polymer
· lead acid
On the basis of Motor Type
· hub
· mid
On the basis of Mode
· pedal assist
· throttle
On the basis of Components
· Batteries
· electric motors
· frame with fork
· wheels
· crank gears
· brake systems
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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