E-bike Market Latest Trends, Demands and Huge Business Opportunities 2021
The report presents an in-depth assessment of the E-bike including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for E-bike investments from 2020 till 2025.
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The e-bike market was valued at USD 15.42 billion in 2019, and is expected to grow at a CAGR of 6.21%, during the forecast period, 2020-2025.
The E-bike market is highly competitive and consists of a number of major players: Giant Bicycles Co. Ltd, Merida Industry Co. Ltd, Riese & Muller, Fritzmeier Systems GmbH & Co. KG (M1 Sporttechnik), Yamaha Bicycles, Trek Bikes, Cannondale Bicycle Corporation, Kalkhoff, VanMoof B.V., Coboc, Ampler Bikes, Cowboy, Desiknio, Component Suppliers, Brose Fahrzeugteile GmbH & Co. KG, BMZ GmbH, Panasonic Corporation, Samsung SDI Co. Ltd, LG Chem, Robert Bosch GmbH, Shimano Inc., Tron-X Motors
Scope of the Report
Asia-Pacific is expected to dominate the global market. In Asia-Pacific, China dominated the regional market. The largest consumption of electric bikes was in China, which boosted the sales figure, and thus influencing the growth of the global market for electric bikes. The import and export volumes in China are also large, and China has always been the largest exporter of electric bikes. The Government of India has also encouraged to use electric bikes. By the end of 2035, the government is looking forward to convert fuel vehicles into electric vehicles.
Key Market Trends
Rise in the Demand of Green Transportation
- Mobility plays a vital role in the current society that we live in.
- With the growing concern for preserving and sustaining it for the future generations, especially because of the increasing scarcity of the natural resources and environmental concerns, protecting the environment poses a great challenge on both the society and governments worldwide.
- As a result, the rising demand for e-bikes is proving to be an ideal solution to the challenge.
- With the continually growing environmental and health concerns, due to the increasing emission levels, the governments and international organizations worldwide are enacting stringent emission norms to reduce carbon emission levels.
- Additionally, the depletion of fossil fuel levels at an alarming rate has been creating concerns for sustainability for the future generations. This factor is posing a huge challenge for the governments and society.
- Thus, e-bikes are proving to be an ideal solution for the challenge.
Europe the Second Fastest Growing Market
The European region accounted approximately 20% of the e-bike market, after Asia-Pacific region. The European region was dominated by Germany, followed by France and Italy. In Germany, e-bike is a preferred mode of mobility, as well as for sports and leisure, also as a clean, quiet, and space-saving alternative for city logistics, in the country. Some of the major factors driving the sales of e-bike market are innovative characters of the product; fully integrated batteries and drives; appealing designs, as well as the use of high-quality materials. In 2018, the e-bike sales in Germany captured a 23.5% share in the total bicycle market. Out of the total e-bikes sold in Germany, 99.5% are of 250W/25Km/h models. Remaining 0.5% of the total e-bikes sold, are of speed pedelecs; the 45 km/hr models, which are type-approved, and for which, the insurance and helmet obligation applies. Apart from Germany, countries, like France, Italy, the Netherlands, and Spain, also witnessed high demand for e-bikes. Some of the major reasons considered for adopting e-bike are the health benefits, environmental benefits, reduction in expenditure, avoidance of traffic congestion, and the increase in demand for e-bikes as sports equipment among youth. In the Netherlands, a quarter of all Europeans were found to be willing to commute by e-bikes.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: E-bike Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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