E-Bike Market Size

[sagar]

Global e-bikes production has increased with remarkable support from government authorities and manufacturers. Environmental friendliness with zero emission has encouraged buying of e-bikes among the consumers. The e-bike market is also supported with other factors like improved battery technology backed by enhanced performance. Increase in population density and traffic problems is also driving the growth of e- bike market.

Hence e-bike market size is growing at CAGR of more than 4% from 2016 to 2022.

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This report includes a study of strategies, of major market players. It includes the product portfolios, developments of leading major players such as Derby Cycle AG (Germany), Panasonic (Japan), Accell Group (Netherlands), Easy Motion electric bikes (U.S), Pedego (U.S), Jiangsu xinri e-vehicle co. ltd (China), Yadea technology group co. ltd (China), Bosch (Germany), Stromer (Switzerland) and BTS machinery Co., Ltd (China)

Segmentation

MRFR's segmentation of the market divides it on the basis of type, battery frame material, consumer group, design, and region. Types of e-bikes have been segmented into pedal assist, throttle control, and others.

Battery types used in e-bikes include sealed lead-acid, lithium ion, and others.

Frame material for e-bikes have been segmented into carbon steel, aluminium, aluminium alloy, carbon fiber, and others.

Consumer groups targetted in the market have been segmented into men, women, and children.

Designs of e-bikes have largely been segmented into foldable, and non-foldable.

Regional Analysis

The European market is expected to make a significant impact on the global e-bike market due to the high presence of bike riders in the region and the growing adoption of e-bikes by consumers in the region. Europe has highly supportive laws regarding environmentally conscious products and as such are promoting the adoption of e-bikes.

The North American market is also significant due to the high traffic congestion in large cities present in the region. These cities are looking for alternative methods which are convenient and do not add to the existing problem. Moreover, the demand for environmentally conscious modes of transport are increasing sales of e-bikes.

 

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