The Global E-bike Market to Exhibit 10.12% CAGR by 2028

 

Triton Market Research presents the Global E-bike Market segmented by Product (Throttle on Demand, Scooters, Motorcycles, Pedelecs), Drive Mechanism (Mid-drive, Hub Motor), Application (Trekking, Cargo, City/Urban), Battery (Lead-Acid, Lithium-Ion), Power (Less than & Equal to 250 W, Above 250 W), and Regional Outlook (North America, Latin America, Asia-Pacific, Europe, Middle East and Africa).  

It further discusses the Market Summary, Industry Outlook, Key Insights, Impact of COVID-19, Porter’s Five Forces Analysis, Market Attractiveness Index, Vendor Scorecard, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2022-2028).

Triton Market Research’s report states that the global e-bike market would expand with 10.12% and 9.97% (by revenue and volume) of CAGRs during the evaluated years between 2022 and 2028.

 


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Electric bikes or e-bikes are often defined as battery-assisted two-wheelers that offer easy pedaling. They are considered one of the eco-friendly modes of transport that aim to reduce environmental pollution. In this regard, governments across various countries are encouraging and incentivizing their adoption. Moreover, changes in consumer preferences also show a rising inclination towards e-bikes. These factors are likely to augment the growth of the overall e-bike market.

However, the cost of e-bikes is fairly high, which makes it difficult for potential consumers to buy them. Also, the distribution of these vehicles in most regions is not yet fully in circulation due to a shortage of e-bike retailers. Such issues are affecting the growth of the e-bike market.

Geographically, Europe is said to have the fastest growth rate in the global e-bike market in the forecasted years. In countries such as the Netherlands, bikes outnumber the residents, which depicts the region’s stronghold over the market. Moreover, e-bikes serve as an effective solution for eliminating logistics problems in the region as they are eco-friendly, space-saving, and work efficiently in traffic congestions. These factors accelerate the demand for e-bikes in the European market.

The key companies listed in the e-bike market are NIU International, Yadea Group Holdings Ltd, Derby Cycle, Vanmoof, Shimano Inc, Stromer, Brose Fahrzeugteile SE & Co KG, Hero Electric, Golden Wheel Group, Panasonic Corporation, Samsung SDI Co Ltd, Riese & Müller, BMZ GmbH, Fuji-ta Bicycle Co Ltd, Vmoto Limited, Silence Urban Ecomobility, Giant Manufacturing Co Ltd, Trek Bicycle Corporation, QWIC, Accell Group, Robert Bosch GmbH, LG Chem, and Jiangsu Xinri E-Vehicle Co Ltd.

The buyers in the market exercise significant power owing to the availability of numerous sellers and a wide range of models. Moreover, they also have an advantage in terms of purchasing e-bikes directly from online websites with discounts. Government policies encouraging the use of e-bikes have proven beneficial for manufacturers as they are expanding their presence across the markets in North America and Europe. Moreover, conventional bicycle manufacturers also have the opportunity of entering the e-bike market with fewer capital requirements.

 

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