(MENAFN- America News Hour)
Global electric bikes market is expected to grow to USD 26 billion by 2026, at a CAGR of 7.1% during the forecast period according to a study published by Polaris Market Research.
The global e-bikes market is driven by many significant parameters such as consumer awareness concerning less air & sound pollution. Some other favorable factors include increasing government incentives on the purchases, alternative to fuel-operative vehicles with the increasing fuel prices, and technological developments in the designing of electric vehicles. Rising purchasing power of the customers in tandem with the increase in disposable income and more knowledge towards health consciousness have spurred the demand of the e-bikes. The number of consumers contributing towards fuel efficiency is also increasing steadily in many parts of the world where they use eco-friendly alternatives such as electric bikes for transportation.
Download Sample of This Strategic Report:-
Increase in the awareness of consumers concerning travel modes that alleviate pollution and transportation woes has been a major parameter for the growth of electrical bikes. Initially bikes with electric assist may have been foreign concepts, but now as the consumers become more familiar with these technologies, they are spreading fast across the world's most crowded cities. Technological advancement in the field is another crucial factor for the growth of this industry. Extensive research & development activities to improvise the products as per the consumer demand and growing modernization is an important consideration by the market players in this field. Some of the improvisations that have lately been worked upon by the companies include making use of alternative raw materials and reduction of the overall product weight
The electric bikes are mounted with a small and rechargeable batteries and are available in different designs. As the e-bikes do not have fuel-engine system, these are an environmental-friendly alternative with lesser harmful emissions in the environment. Thus, these contribute significantly towards climate change policies by reducing air and noise pollution. There have been many political trends in different parts of the world that have proliferated the growth of e-bikes. The governments have provided subsidies and incentives with purchase of these bikes in many countries of different regions such as U.S., Germany, Netherlands, China, and India.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Electric Bikes or e-Bikes Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
How does the report examine the growth drivers and restraints of the Electric Bikes Market?
- The factors resulting in the expansion of the Electric Bikes Market are elaborated in the report after thorough primary and secondary research.
- Analytical strategies focused on gain indicators affecting the growth of the Electric Bikes Market are presented in graphical formats.
- The business-related trends driving the product consumption are discussed in detail in the report along with industry expertise to minimize the barriers to Electric Bikes Market growth.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Electric Bikes Market growth and Electric Bikes Market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects of Electric Bikes Market in various geographical regions.
- The competitive landscape analysis on the Electric Bikes Market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter's Five Force analysis.
- The in-depth analysis provides an insight into the Electric Bikes Market, underlining the growth rate and opportunities offered in the business.
Competitive Landscape and Key Vendors
Asia Pacific is expected to be the major and the fastest growing regional market for the e-bikes. India and China are the major contributors towards the growth of this regional market. This is on account of their large population, increasing consumer purchasing power for the modernized products, and stronger government incentives. The global electric bike market is moderately competitive and consolidated on account of presence of some large-scale market players. Some of the major industry players for e-bike market include Accell Group N.V., Robert Bosch GmbH, Derby Cycle Holding GmbH, Giant Manufacturing Company Ltd., and Panasonic Corp.
Request Free Sample Copy :-
Key Segments Outlook
Product Type
Pedal Assist
Throttle On Demand
Speed Pedelec
Moped or Motorcycle
By Motor Type
Hub Motor
Front Hub
Rear Hub
Mid Drive
Battery Type
Rock Mount Battery
Down Tube Battery
Region
North America
U.S.
Canada
Europe
Germany
UK
France
Asia-Pacific
China
India
Japan
Latin America
Brazil
Mexico
Middle East and Africa
About Us
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation1065
Contact Us
Name: Kenneth research
Email:
Phone: +1 313 462 0609
James Bullock
James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology
MENAFN06122021004545010068ID1103309722
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.