Business impacts of COVID-19 on Electric Bike (E-Bike) Market. Strategies of major industry competitors - Dongguan Tailing Electric Vehicle Co., Ltd., Trek Bicycle, Yamaha Motor Co., Ltd., MERIDA INDUSTRY CO., LTD., Accell Group N.V., Yadea Group Holdings

The soaring number of government incentives and subsidies aimed at promoting the adoption of electric bikes (e-bikes) is one of the major growth drivers for the demand for e-bikes across the world. For instance, the Swedish government announced a subsidy of 25% per e-bike to all the citizens of the country for up to the next three years, in 2018, which in turn increased the sales of e-bikes in the country from over 67,000 units to more than 100,000 units from 2017 to 2018 respectively.

Global Electric Bike (E-Bike) Market Key Players are:
1- Dongguan Tailing Electric Vehicle Co., Ltd.
2- Trek Bicycle
3- Yamaha Motor Co., Ltd.
4- MERIDA INDUSTRY CO., LTD.
5- Accell Group N.V.
6- Yadea Group Holdings Ltd.

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Due to the above-mentioned factors, the revenue generated from the sales of e-bikes is expected to increase from $14.4 billion in 2019 to more than $25.9 billion by 2025. The global e-bike market is predicted to demonstrate a CAGR of 10.3% during the forecast period (2020--2025).E-bikes can either be owned or shared, of which personal e-bikes recorded higher usage in 2019. This is mainly ascribed to the burgeoning adoption of these bikes by the people for travelling purposes.

The biggest trend currently being witnessed in the e-bike market is the rising incorporation of smartphones in electric bikes. This integration allows the rider to get real-time information pertaining to battery status, navigation, speed and many other important things, which in turn leads to increased vehicle and ride safety, reduced road traffic, lower travelling times, and enhanced bike riding experience. Furthermore, many major companies are increasingly focusing on the development of software, applications, and gadgets in order to improve the integration of smartphones in these electric bikes.

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Market Segmentation by Ownership Type
o Personal
o Shared
Market Segmentation by Battery
o Lithium-Ion (Li-Ion)
o Lead Acid
o Others
Market Segmentation by Propulsion Type
o Pedal-Assist
o Throttle-Based
Market Segmentation by Region
o North America
o By ownership type
o By battery
o By propulsion type
o By country - U.S. and Canada
o Europe
o By ownership type
o By battery
o By propulsion type
o By country - Germany, Netherlands, Belgium, France, Italy, Austria, U.K., Denmark, Sweden, Spain, Switzerland, and Rest of Europe
o APAC
o By ownership type
o By battery
o By propulsion type
o By country - China, Japan, India, Indonesia, Philippines, South Korea, and Rest of APAC
o LAMEA
o By ownership type
o By battery
o By propulsion type
o By country - Mexico, Brazil, and Rest of LAMEA

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