Global Electric Bike Market (2021-2026)| MarketsandMarkets

According to the new market research report "E-Bike Market by Class (Class-I, II & III), Battery Type (Li-Ion, Li-Ion Polymer, Lead Acid), Motor Type (Mid, Hub), Mode (Throttle, Pedal Assist), Usage (Mountain/Trekking, City/Urban, Cargo), Speed, Component and Region - Global Forecast to 2026", Published by MarketsandMarkets™, The E-Bike Market is projected to reach USD 79.7 billion by 2026 from USD 47.0 billion in 2021, at a CAGR of 11.1%.

Government support and initiatives and the positive impact of the Covid-19 pandemic on sales of e-bikes will drive the Electric Bike Market.

Browse in-depth TOC on “E-Bike Market”
362 - Tables
58 - Figures
274 - Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=110827400

The class-I segment is expected to be the largest segment during the forecast period

Class-I segment, by class type in e-bikes is expected to be the largest segment during the forecast period as Asia Pacific countries. which is a major market for e-bikes, such as China, Japan, South Korea, and Taiwan allow only Class-I e-bikes. This results in the Class-I e-bikes occupying the largest market share in the Asia Pacific region.

The mountain/trekking e-bike segment by usage is expected to be the fastest-growing market

The demand for mountain/trekking e-bikes is growing rapidly as consumers increasingly show interest in trekking and recreational activities. There is a growing interest in performance-based adventurous sports, which, in turn, increase the demand for mountain/trekking e-bikes. Sports and physical activities are becoming more adaptable through electric motors. In many countries, mountain e-bikes are not only used for mountain trekking but also for daily commutation. The main reason for the growing popularity of mountain e-bikes is their robustness.

Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=110827400

The Asia Pacific is estimated to be the dominant regional market

The Asia Pacific is anticipated to lead the Electric Bike Market during the forecast period due to the high sales of e-bikes in the region. According to MarketsandMarkets analysis, in terms of volume, Asia Pacific contributed about ~88% to the global E-Bike Market in 2020 by volume. Key e-bike manufacturers in this region include Yadea Group Holdings Ltd., AIMA Technology Group Co., Ltd., and Merida Industry Co., Ltd. Class-I e-bikes accounted for the largest market in the Asia Pacific, as government regulations permit only Class-I e-bikes, except for India where the market for Class-II e-bikes exists due to lack of strict regulations.

Accell Group N.V. (Netherlands), Pon.Bike (US), Merida Industry Co., Ltd. (Taiwan), Giant Manufacturing Co., Ltd. (Taiwan), and Yamaha Motor Corporation (Japan). are the leading manufacturers of e-bikes in the global market. These companies adopted new product development, and expansion strategies to gain traction in the E-Bike Market.

View Full TOC @ https://www.marketsandmarkets.com/Market-Reports/electric-bike-market-110827400.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.