Electric Bike (E-Bike) trends, share, industry size, growth, opportunities, and forecast by 2029
The data and information covered in the top
notch Electric Bike (E-Bike) market
survey report are obtained from reliable sources such as websites, annual
reports of the companies, journals, and others and were checked and validated
by the market experts. Competitive landscape is another major section of this
market research report which presents with a clear insight into the market
share analysis and actions of key industry players. The wide ranging Electric
Bike (E-Bike) market report spans the different segments of the market analysis
that today’s business demand. For the growth of any type of business, such
market research report plays a very important role.
Data Bridge Market Research analyses that the electric bike (e-bike) market was valued at USD 47 billion in 2021 and is expected to reach USD 102.97 billion by 2029, registering a CAGR of 10.30% during the forecast period of 2022 to 2029.
Market Overview
A bicycle having an
integrated electric motor drive mechanism and battery that generates
electricity for causing or assisting propulsion is known as an electric bike.
Electric bikes with a tiny motor to help the rider pedal force to more powerful
e-bikes that create enough power to totally operate the bike using throttle are
available globally.
Some of the major players operating in the
electric bike (e-bike) market:
·
Accell Group (Netherlands)
·
Merida Industry Co., Ltd. (Taiwan)
·
Giant Bicycles (Taiwan)
·
Yamaha Motor Corporation (Japan)
·
Derby Cycle (Germany)
·
JIANGSU XINRI E-VEHICLE CO.,LTD. (China)
·
AIMA TECHNOLOGY CO.,LTD (China)
·
Karbon Kinetics Ltd (UK)
·
Solex Cycle North America Inc. (Canada)
·
ITALJET SPA (Italy)
·
GenZe (US)
·
A2B (London)
·
Amego Electric Vehicles Inc. (Canada)
·
Pedego Electric Bikes (US)
·
Riese & Müller GmbH (Germany)
·
Sporttechnik GmbH & Co. KG (Germany)
·
F.I.V. E. Bianchi S.p.A. (Italy)
·
Kawasaki Motors Corp. (USA)
·
Trek Bicycle Corporation (US)
·
myStromer AG (Switzerland)
·
Specialized Bicycle Components, Inc. (US)
Electric Bike (E-Bike) Market Dynamics
This section deals
with understanding the market drivers, advantages, opportunities, restraints
and challenges. All of this is discussed in detail as below:
Drivers
·
The
rising adoption rate of shared micro-mobility.
The upsurge in
adoption rate of shared micro-mobility will propel the growth rate of electric
bike (e-bike) market. Shared micro mobility is part of the public
transportation ecology. As a flexible transportation option with low operating
costs and overhead, shared electric micro-mobility can augment higher-volume
fixed-route transit systems by providing mobility services for multiple
journeys at a lower per-traveller cost.
·
Strict
government rules and regulations
More and more
governments throughout the world are fostering the growth of the e-bike market
by circumventing tough automobile emissions standards. The goal is to clean the
air by minimizing the number of harmful particles emitted by cars.
Growing environment concerns
In order to create
a better and greener environment, various governments around the world are
supporting safer and cleaner modes of transportation. Many governments have
responded by enacting legislation that encourages and rewards frequent e-bike
riders.
Furthermore, rising
urbanization and increasing level of disposable income will drive market value
growth. Also, increasing government support and initiatives to increase the
sale of e-bike will cushion the growth rate of electric bike (e-bike) market.
Opportunities
Emerging trend of connected e-bike
The surging trend
of connected e-bike will boost new market opportunities for the market's growth
rate. Technological breakthroughs in the field of e-bikes have been made in
response to the increased demand for e-bikes. Connected e-bike is an
illustration of technological advancement. It uses SIM module to send as well
as receive data to and from the cloud without the use of smartphone.
Moreover, the
development of lightweight electrical energy storage systems and emerging new
markets will influence the market's growth rate and further boost beneficial
opportunities in coming years.
Browse More About This Research Report @ https://www.databridgemarketresearch.com/reports/global-e-bike-market
Highlights of TOC :
Chapter 1: Global Electric
Bike (E-Bike) Market Overview
Chapter 2: Study
Assumption
Chapter 3: Scope of
the Study
Chapter 4: Global Electric Bike (E-Bike) Market Economic Impact
Chapter 5 :
Analysis Methodology
Chapter 6: Research
Phases
Chapter 7:
Competition by Manufacturers
Chapter 8: Current
Market Scenario
Chapter 9: Value
Chain/Supply Chain Analysis
Chapter 10:
Government Regulations and Initiatives
Chapter 11:
Production, Revenue (Value) by Region
Chapter 12: Supply
(Production), Consumption, Export, Import by Regions
Chapter 13 : Market
Drivers
Chapter 14 : Market
Restraints/Challenges
Chapter 15: Market
Opportunities
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