Market Research Future (MRFR) study on the globale-bike market is a detailed assessment that provides a holistic overview ofthe industry. The study discusses the COVID-19 overview of the globale-bikemarket and offers a concise summary of key markets, current trends, growthforecasts, and market challenges from 2017 to 2022 (forecast period) toidentify investment opportunities.
Electric bikes, also known as e-bikes, are equipped with an electricmotor used to gain momentum. They use chargeable batteries, which have variouscapacities depending on their size. Electric bikes are categorized on the basisof the power of the electric motor on which they operate. Peddle assist,throttle on demand, speed pedelec, and electric moped or motorcycle are alltypes of electric bikes.
Get Inside Scoop ofthe report, request for FREE sample @https://www.marketresearchfuture.com/sample_request/4186
Market Dynamics
The global market for electric bikes continues to be influenced by a mixof different macro-economic and micro-economic factors. Consistent advances intechnology have all006Fwed the development of comfortable, environmentally-friendlyelectric bikes. Demand for electric bikes is also greatly affected by risingcustomer perception of the need to reduce their carbon footprint.
Extended government funding and implementation of strict rules indifferent geographies have driven the sale of electric bikes. In metro cities,particularly in North America and European countries, the concepts of publiccharging infrastructure and e-bike rental services are on the rise. Increasedinvestment in research and development by a range of industry players, thegrowth of new high-efficiency batteries, and the production of high-performancevehicles have played a pivotal role in accelerating the adoption of electricbikes.
Nevertheless, some factors pose challenges to the development of the globalmarket for electric bikes. Electric bikes are very expensive and cannot bepurchased by all. As these bikes run on batteries, they need regular charging –which remains a challenge due to the limited charging stations. Maintenance ofthe product is also of the utmost importance, and also requires a propercharging system. High maintenance costs are another primary factor thatdissuades customers from purchasing electric bikes.
Market Segmentation
The global e-bike market has been segmented into type and battery.
Based on type, the global e-bike market has been classified intothrottle on demand, pedelecs, scooter & motorcycle
Based on battery type, the global e-bike market has been segmented intonickel-metal hydride (NiMH), lead acid, lithium ion, and others
Regional Analysis
Region-wise, the global e-bike market has been segmented into NorthAmerica, Asia Pacific, Europe, and the Rest of the World.
The Asia Pacific region is anticipated to accelerate the global marketfor electric bikes. The APAC region is expected to remain attractive forelectric bikes and is expected to lead the global demand for electric bikes.Countries like India and China have made a significant contribution to thegrowth of the APAC region. China has seen a higher use of electric bikes, whichhas increased sales figures and has also had an impact on the development ofthe global market. In India, the government has promoted the use of electricbikes and is looking forward to transforming every "fuel-drivenvehicle" into electric vehicles by the end of 2035.
Some main markets for electric bikes are Europe and North America.Several electric bike manufacturers are based in these two areas. Europe andNorth America remained at the forefront of developments in electric biketechnology. The market for an electric bike in Europe and North America isexpected to rise at similar rates during the forecast period.
Key Players
The major players profiled in e-bike market are Derby Cycle AG(Germany), Panasonic (Japan), Accell Group (Netherlands), Easy Motion electricbikes (U.S), Pedego (U.S), Jiangsu xinri e-vehicle co. ltd (China), Yadeatechnology group co. ltd (China), Bosch (Germany), Stromer (Switzerland), andBTS machinery Co., Ltd (China)
Buy This CompleteBusiness Report@https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=4186
About Market Research Future:
Market Research Future (MRFR) is a global market research firm thattakes great pleasure in its services, providing a detailed and reliable studyof diverse industries and consumers worldwide. MRFR's methodology integratesproprietary information with different data sources to provide the client witha comprehensive understanding of the current key trends, upcoming events, andthe steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competentteam of research analysts who provide useful analytics and data ontechnological and economic developments. Our deemed analysts make industrialvisits and collect valuable information from influential market players. Ourmain goal is to keep our clients informed of new opportunities and challengesin various markets. We offer step-by-step assistance to our valued clientsthrough strategic and consulting services to reach managerial and actionabledecisions.
Contact Us:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
