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Electric Bikes Market 2020-2025 In-Depth Analysis by Key players | Electrotherm (India) Limited, Ampere Vehicles Private Limited, Ather Energy Private Limited, Avon Cycles Limited

Electric Bikes Market

Electric Bikes Market

The report provides information and the advancing business series information in the sector to the exchange. The report gives an idea associated with the advancement of this market development of significant players of this industry. An examination of this Electric Bikes market relies upon aims, which are of coordinated into market analysis, is incorporated into the reports.

The electric bikes market in India is estimated to reach a value of INR 17.43 Bn by FY 2024, from INR 2.92 Bn in FY 2019, expanding at a compound annual growth rate (CAGR) of ~42.95% during the FY 2020-FY 2024 period. Electric bikes have already set a prominent footprint in the states of Uttar Pradesh, West Bengal, Gujarat, Tamil Nadu and Maharashtra. With further development in charging infrastructures, the adoption of electric bikes is likely to increase in other parts of the country as well.

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This part of the report includes detailed information of the market in different regions. Each region offers different scope to the market as each region has different government policy and other factors. The regions included in the report are North America, South America, Europe, Asia Pacific, and the Middle East.

Top leading companies of the global market are:

Electrotherm (India) Limited
o Ampere Vehicles Private Limited
o Ather Energy Private Limited
o Avon Cycles Limited
o Hero Electric Vehicles Private Limited
o Lohia Auto Private Limited
o NDS Eco Motors Private Limited
o Okinawa Autotech Private Limited
o Tork Motors Private Limited
o Tunwal E-Bike India Private Limited

Market Insight
Electric two wheelers are poised to be the game-changer for the two-wheeler industry. Although electric bikes comprised a minimal share (~0.6%) of the total two-wheeler sales in India in FY 2019, its sales with respect to the previous year have increased by about 129%. This growth can be attributed to the government's initiatives towards the electrification of bikes. Other factors that have influenced the adoption of electric bikes are rising concern over air pollution and the lower ownership and maintenance costs of electric bikes. The cost of running electric bikes is about INR 10 for 70 Km, whereas the same distance can be covered by a conventional counterpart at a minimum cost of INR 102.

Government Initiatives
In February 2018, the government's policy think tank, Niti Aayog proposed and mandated the electrification of all two wheelers with a displacement capacity of below 150 cc by March 2025. With the policy mandate, the automobile industry is likely to experience a rapid transition towards electric mobility. Such initiatives were taken to curb pollution and reduce the country's import bills by INR ~1200 Bn by 2025. The Department of Heavy Industry in association with Society of Indian Automobile Manufacturers implemented the schemes of FAME and FAME II. Under FAME and FAME II, the government outlaid a budget of INR 107.95 Bn, directed towards the faster growth of electric vehicles.

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Key Highlights points of Electric Bikes Market:

1) Competitive study of the major Electric Bikes market players will help in analyzing the market driving and business strategies.

2) Analysis of necessary trends impacting to build-up of the market.

3) The deep research study of market based on development opportunities, growth limiting factors and feasibility of investment will forecast the market growth.

4) Analysis of trending factors will be influencing the Market shares in next few years.

5) Establish business expansion plans by referring to substantial growth and projection of emerging markets.

6) The report elaborates on the product sales, revenue accumulated, price patterns, and gross margins.

Furthermore, the study provides a comprehensive overview of regional distribution and the overview of product types in the market. It explains how key companies and mid-level manufacturers are making a profit within the Electric Bikes industry. In short, the report on Electric Bikes is an esteemed source for both the individuals as well as the businesses as it provides detailed SWOT analysis and new project investments feasibility study.

Read More: https://www.supplydemandmarketresearch.com/electric-bikes-market-1013705

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Supply Demand Market Research
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About us:

We have a strong network of high powered and experienced global consultants who have about 10+ years of experience in the specific industry to deliver quality research and analysis. Having such an experienced network, our services not only cater to the client who wants the basic reference of market numbers and related high growth areas in the demand side, but also we provide detailed and granular information using which the client can definitely plan the strategies with respect to both supply and demand side.

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