E-Bike Market overview
The E-bike market is expected to register a CAGR of 7.89% for the 7 years between 2020 and 2027. The market was worth USD 38.15 billion in 2020. It is expected to be worth USD 72.73 billion in 2027.
E-bikes have been selling like hotcakes in recent years. The reason for this is that they are a great solution to the constant gridlock and congestion that characterizes most urban areas around the world. They’re electric-powered and contain all of the components that regular bikes do. E-bikes just have more technological features because they’re more technologically advanced.
E-bikes are also battery-powered. They have some components that regular mechanical bikes don’t. These include a motor and a controller.
You can either pedal them by foot or use a battery to make their motors run. There are three types of batteries that are used with these E-bikes.
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E-Bike Market Segment overview
By market
This segment can be grouped into the following sub-segments:
● The European Union
● North America
E-bike manufacturers in these two regions are channeling most of their time, resources, and energy into manufacturing mid-motors E-bikes. There’s a reason for this. These types of bikes it’s simply less expensive and easier to make these types of bikes. Mid-motors E-bikes tend to be smaller and more lightweight than other types of E-bikes. They are also more energy-efficient (rely on battery power less.) Finally, they can travel for longer distances.
E-Bike Market Key Players
· Accell Group N.V.
· Pon Bike
· Merida Industry Co. Ltd
· Giant Manufacturing Co. Ltd
· Yamaha Motor Corporation
By propulsion type
This segment can be grouped into:
● Pedal-assisted E-bikes
This sub-segment had the largest market share.
By application type
This segment can be grouped into:
● city/urban E-bikes
This sub-segment has the largest market share.
Regional analysis
The global E-bike market can be grouped into these geographic regions:
● Asia-Pacific
● The European Union
● North America
The Asia-Pacific region has the largest market share in the global E-bike market. China, in particular, has the greatest number of E-bikes out of all the countries in the world! The European Union comes in second place. The nations in this union currently account for 39% of the market share for the global E-bike market.
Germans use E-bikes the most. They are followed by the French and Italians. In fact, Germans prefer to commute to different places on E-bikes because they’re fast, reliable, and burn energy cleanly.
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E-Bike Industry news
● Riese and Mueller business recently expanded its portfolio of E-bikes. It’s also aggressively targeting major metros in America.
● Cannondale recently launched a new model of commuter E-bikes.
● Merida recently launched three E-bikes which are faster, more efficient, and burn energy much cleaner!
● Pon bikes is a major manufacturer of E-bikes. They make their money by selling specialty and regular E-bikes to different nations around the world. Their customers are located in the following nations:
○ China
○ Australia
○ Hong Kong
○ Taiwan
○ The United States of America
○ The United Kingdom
○ Canada
○ The Netherlands
● Shimano recently launched a new and innovative E-bike in the global E-bike market. This new model can ride smoother and faster. It also rides safer and it emits fewer polluting particles when doing so!
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