E-Bike Market Top Key Players - Yamaha Motor Corporation, Giant Manufacturing Co., Ltd, Accell Group N.V, Aima Technology Group Co., Ltd, Yadea Group Holdings Ltd, TREK BIKES

The global E-bike market is estimated at $XXM in 2020, growing at double digits till 2025. Electric bicycle two-wheel transport is having a major impact on the market. The pandemic that has boosted demand for bicycles is also likely to accelerate the transition to battery assist pedals. But, like the automotive market, this change is devastating. Established players must make room for new startups.

E-bike is becoming increasingly as an ideal traffic regime as cities appearing from isolation methods in the US and Europe. In addition, travelers due to public transport restrictions due to social guidance is due to the social guidance that essentially applies bicycles to Day today.

Therefore, the demand for e-bike rises to show an ideal solution to challenges.

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GLOBAL E-BIKE MARKET DYNAMICS

• The ability of electric bicycles to better manage full speed provides riders with comfortable driving on elevated roads, mountainous areas and hills, paving the way for the electric bicycle market to sell.

• With increasing health awareness, E-bikes now offers a sense of recreational purpose as well as providing the best choice for the gym, with the COVID-19 situation in mind.

• However, high e-bike costs and bans on e-bikes in major cities in China hinder market growth. Improvements in bicycle infrastructure and battery technology are also expected to provide favorable opportunities for the growth of the electric bicycle market.

E-BIKE MARKET TRENDS

• Demand for cycles is expected to increase significantly as the adoption of these dock less bicycle sharing systems increases. Chinese bicycle sharing companies are expanding their business by investing aggressively, especially in European countries, to take advantage of market opportunities, which is expected to further accelerate market growth during the forecast period.

• In a sign of the potential of the industry, the German Industrial Ingiant Robert Bosch has created a new independent unit that causes batteries and other parts such as antibacterial brakes for e-Bikes.

COVID-19 IMPACT ON E-BIKE MARKET

• UK bike industry electric bike sales growth stagnated in the first quarter and during the country's COVID-19 lockdown. The industry has asked the government to create a public awareness campaign to provide financial incentives for the purchase of e-bikes and to boost sales of e-bikes.

• Covid-19 provided even more spark. Electric bikes appeal to commuters who want to avoid public transport, but who suffer from lycra and don't want to travel to work like the stage of the Tour de France. Businesses are struggling to keep up with demand. VanMoof, a Dutch company that manufactures future electric bikes that sell for around 2,000 euros per book, plans to double its production capacity by 12,000 units a month by the end of this summer.

COMPETITIVE LANDSCAPE

The ebike market is highly fragmented, with major companies occupying a low share of the overall market share. Some of the major market participants are Giant Bicycles South Korea, Merida, Trek Bikes, Riese & Muller, Fritzmeier Systems GmbH & Co. KG Kg (M1 Sporttechnik).

COMPANY PROFILES

• Yamaha Motor Corporation
• Giant Manufacturing Co., Ltd
• Accell Group N.V
• Aima Technology Group Co., Ltd
• Yadea Group Holdings Ltd
• TREK BIKES
• MERDIA INDUSTRIES Co.Ltd

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