The Global Electric Bikes Market size is expected to grow at a CAGR of 17.7% during the forecast period. The most prominent trend driving this growth is increasing demand for e-bikes across the globe owing to their ease of use and minimal environmental impact. Moreover, governments in developed countries are promoting cycling as a sustainable mode of transportation which has also contributed significantly toward the growth of this market.
Electric bikes work by using a battery to power an electric motor rather than the rider's own energy, and they can be activated or powered up anytime the bike is moving. Powered-up e-bikes are recognizable as having a button on their handlebars that allows riders to activate extra assistance when needed; pedaling becomes easier as more of the rider’s weight shifts forward, such that cycling uphill requires less effort for longer periods of time. The power is typically activated by peddling and deactivated when the bike reaches 25-28 MPH. They also don't require gasoline-like traditional automobiles do---instead relying on rechargeable batteries with onboard chargers (which can either plug into outlets or connect directly to solar panels). They can come in various types, including pedal assist (pedal), throttle on demand, speed pedelec, moped, or motorcycle.
The benefits of e-bikes include ease of use due to their ability to provide assistance at any time without needing to shift gears; minimal environmental impact because they produce zero emissions; and reduced fuel consumption since riders don't have to worry about carrying gas with them or finding somewhere that sells it nearby. Electric bicycles are also promoted for increasing cycling as a sustainable mode of transportation around cities instead of traveling through them in cars.
On the basis of Type, the market is segmented into Pedal Assist, Throttle On Demand, Speed Pedelec, and Moped or Motorcycle.
Pedal Assist Bikes are the most common type of electric bicycles. They use a pedal-assist mechanism that relies on human power to activate and regulate the motor, providing additional torque for faster pedaling. The rider should only need to provide about 30% effort at any time in order to move forward with a Pedal Assist bike.
Throttle On Demand bikes work by the rider pressing and holding a button to activate the throttle that controls the speed of the bike.
Speed Pedelecs are the most recent type of electric bicycle, and they have been gaining in popularity lately. They work by providing a user with an on-demand boost of power to assist them up hills or inclines while still pedaling forward at their own pace. Speed Pedelec bikes may not be as fast as Throttle On Demand bicycles, but because they're pedal-assisted instead of throttle activated, users can go longer distances without tiring out too quickly.
Moped or Motorcycle Electric Bikes is a type of electric bike that has either an attached motor, which can be powered by a battery-powered system. Mopeds and motorcycles use the same kind of batteries as do other vehicles to provide power for their motors, but they also have pedals so you don't always need them on board.
On the basis of Application, the market is segmented into Online and Offline. In terms of service, the market is segmented into Independent Bike Store or Specialist Shop.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The north American market is predicted to have the largest market share during the forecast period. Market players are racing to come up with electric bikes that can be used in any environment. The need for improved performance is driving companies to innovate and create vehicles that will break new ground in this industry. Some manufacturers have started producing cargo-carrying e-bikes as well as non-traditional designs like folding e-bikes or tricycles.
The growth factors of the Global Electric Bikes market are as follows:
Up Market Research published a new report titled “Electric Bikes Market research report which is segmented by Types (Pedal Assist, Throttle On Demand, Speed Pedelec, Moped or Motorcycle), By Applications (Online, Offline), By Players/Companies Bosch, Accell, Giant Manufacturing, Derby Cycle Holding, Xinri, Panasonic, Bionx International, Mahindra & Mahindra(M&M), Samsung SDI, Prodeco Technologies”.
Report Attributes | Report Details |
Report Title | Electric Bikes Market Research Report |
By Type | Pedal Assist, Throttle On Demand, Speed Pedelec, Moped or Motorcycle |
By Application | Online, Offline |
By Companies | Bosch, Accell, Giant Manufacturing, Derby Cycle Holding, Xinri, Panasonic, Bionx International, Mahindra & Mahindra(M&M), Samsung SDI, Prodeco Technologies |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 244 |
Number of Tables & Figures | 171 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Pedal Assist, Throttle On Demand, Speed Pedelec, Moped or Motorcycle and By Application Online, Offline.
Some of the companies that are profiled in this report are:
Electric Bikes Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Electric Bikes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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