Press release
Global E-Bike Market Report 2019, Electric bike Industry Trends, Share, Size, Demand and Future Scope
Electric bike trends
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Global E-Bike Market Trends:
Growing awareness among the masses regarding the benefits of physical fitness is primarily driving the growth of the market. Lifestyle diseases such as diabetes and obesity are proliferating on the global level on account of lack of physical activities and shifting dietary patterns. Consequently, a majority of the population has turned to cycling as a measure to improve their cardiovascular health, enhance aerobic capacity and combat weight gain issues. Since these bikes rely on pedaling as well as on motors for mobility, they serve as an ideal option for beginners and users with health issues. In line with this, these bikes are also gaining widespread popularity among senior citizens, patients suffering from chronic pain and people with disabilities. Advanced variants with e-assistance services aid people with lower mobility to exercise without adversely affecting their health. Moreover, these bikes utilize rechargeable batteries or solar power to function. Rising awareness regarding the hazardous effects associated with the usage of conventional vehicles has bolstered the uptake of these bikes. Furthermore, the advent of hydrogen-powered bikes and Smart E-Bike Monitoring System (SEMS) is also expected to favorably impact the market growth. On account of the aforementioned factors, the market is projected to reach a value of US$ 27.8 Billion by 2024, growing at a CAGR of around 6% during 2019-2024.
Browse full report with TOC and list of figures and tables: https://www.imarcgroup.com/e-bike-market
Market Summary:
Breakup by Mode:
Throttle
Pedal Assist
Breakup by Motor Type:
Hub Motor
Mid Drive
Others
On the basis of the mode, the market is bifurcated into throttle and pedal assist.
Breakup by Motor Type:
Hub Motor
Mid Drive
Others
Based on the motor type, the market has been divided into hub motor, mid drive and others.
Breakup by Battery Type:
Lead Acid
Lithium Ion
Nickel-Metal Hydride (NiMH)
Others
On the basis of the battery type, the market has been categorized into lead acid, lithium ion, nickel-metal hydride (NiMH) and others.
Breakup by Class:
Class I
Class II
Class III
Based on the class, the market has been segregated into class I, II and III.
Breakup by Design:
Foldable
Non-Foldable
On the basis of the design, the market is classified into foldable and non-foldable.
Breakup by Application:
Mountain/Trekking Bikes
City/Urban
Cargo
Others
Based on the application, the market has been divided into mountain/trekking bikes, city/urban, cargo and others.
Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America
On the geographical front, the market has been segregated into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America.
Competitive Landscape
The competitive landscape of the market has also been studied, with the detailed profiles of the key players operating in the market. Some of these players include Accell Group N.V., BionX International Corporation, Robert Bosch GmbH, Yamaha Motor Group, Derby Cycle Holding GmbH, Giant Manufacturing Co. Ltd., Klever Mobility GmbH, Merida & Centurion Germany GmbH, Samsung SDI Co., Ltd, Continental AG, ProdecoTech, Fuji-ta Bicycle Co., Ltd., Trek Bicycle Corporation, PEDEGO INC, and Shimano Inc.
Browse related reports:
Automotive Tappets Market Report: https://www.imarcgroup.com/automotive-tappets-market
Automotive Lead-Acid Battery Market Report: https://www.imarcgroup.com/automotive-lead-acid-battery-market
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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