E-bike Market Top Keyplayers Yamaha Motor Co., Ltd., Giant Bicycles, AIMA TECHNOLOGY CO., LTD, Accell Group, WUXI YADEA EXPORT-IMPORT CO., LTD., Trek Bicycle Corporation, Fuji-ta Bicycle Co., Ltd., GenZe by Mahindra, BionX International Corporation, Prode

E-bike, also referred to as, electric bikes, is a bike that has an integrated electric motor aligned to the pedals of the bike, which supplies differential force that used for forward movement of the bicycle to gain momentum. The integrated electric motors in electric bicycles (or e-bikes) can be used for propulsion.

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The electric bikes majorly uses Li-ion chargeable batteries, which have a range of maximum 99.4 miles (160 km) in a single charge. These E-bikes are available with battery type of either 8, 12, or 18-amp hour batteries. Electric bikes are classified on the basis of the power of electric motor such as, peddle assist, speed pedelec throttle on demand and electric moped are the different categories of electric bikes.

Increasing Government Initiatives towards Adoption of E-bikes and Rapid Urbanization are the Factors Driving Growth for the Global E-bike Market
The global E-bike market has been witnessing high opportunities, owing to the government initiatives and strict norms in favor of electric bikes. For instance, in May 2017, Government of Andhra Pradesh, Greater Visakhapatnam Municipal Corporation (GVMC), announced launch of India's first state-run mass electric two-wheeler mobility system. Furthermore, growing consumer inclination towards use of e-bikes as an efficient and eco-friendly solution to commute and rising costs of fuel is driving growth of the global E-bike market during forecast period.

Global E-bike Market: Regional Insights

The Asia Pacific region is estimated to be the largest electric bike market, as this region comprises some of the fastest emerging economies of the world such as India and China. The governments of these emerging economies have recognized growth potential of E-bikes and hence, governments have taken several initiatives to attract major original equipment manufacturers (OEMs) to manufacture E-bikes in their domestic markets.

Asia Pacific region is expected to be the largest market, in terms of size during the forecast period, owing to high presence of key players and high purchasing power of consumers. According to China Bicycle Association (CBA), in 2015, China was one of the world’s largest manufacturer of electric bicycles and electric vehicles, with sales of up to 80,000,000 units, which accounted for the major revenue share of global E-bike market turnover.

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Key Players in the Global E-bike Market

Key players operating in the global E-bike market includes Yamaha Motor Co., Ltd., Giant Bicycles, AIMA TECHNOLOGY CO., LTD, Accell Group, WUXI YADEA EXPORT-IMPORT CO., LTD., Trek Bicycle Corporation, Fuji-ta Bicycle Co., Ltd., GenZe by Mahindra, BionX International Corporation, ProdecoTech, goldenwheelgroup.com, and Jiangsu Xinri E-Vehicle Co., Ltd. (SUNRA) among others.

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