E-Bike Market is Predicted to be Worth US$ 39,489.5 Million with a CAGR of 10.4 % over the forecast period of 2021-2028 | Accell Group, BionX, Bosch, Jiangsu Xinri E-Vehicle Co. Ltd.

According to a report conducted by Coherent Market Insights, the E-Bike Market is estimated to be valued at US$ 39,489.5 Mn by 2028, displaying a CAGR of 10.4 % during the forecast period (2021-2028).

This analysis of the E-Bike Market focuses on the main players and their business strategies, as well as the market's geographical scope, market segmentation, competitive landscape, manufacturing, pricing, and cost structures. Each component of the research report has been thoroughly researched to delve into the most important aspects of the worldwide E-Bike Market. The report's market dynamics section provides an in-depth analysis of the E-Bike Market trends, analysis, and opportunities. We provide you with extensive and comprehensive information on the E-Bike Market using both qualitative and quantitative analysis.

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Key Players operating in the E-Bike Market include Accell Group, BionX, Bosch, Derby Cycle AG, Easy Motion, Electric Bike Technologies LLC, Giant Bicycles, GRACE, Jiangsu Xinri E-Vehicle Co. Ltd., Panasonic, Pedego, Stromer, Superpedestrian, Trek, and Yadea Technology Group Co. Ltd.

Traditional bicycles are on the decline as a result of technological advancements and emerging breakthroughs in other modes of transportation. Increased expansion in e-bike can be attributed to lower investment costs for locking and the spread of GPS technology. E-Bike Market is expected to boost during the projected period. Some modern gearless e-bike motors employ the notion of regenerative braking, which allows the Li-ion battery to be quickly recharged. As a result, manufacturers are conducting research and development on gearless e-bike motors.

Market Trends And Analysis:

• Several encouraging government efforts are projected to encourage e-bike sales around the world. For example, the Indian government stated in June 2019 that the GST (goods and services tax) on e-vehicles would be reduced from 12 percent to 5% in order to encourage the adoption of e-vehicles.

• Sanyo (Japan), for example, owns two solar parking lots in Tokyo where more than 100 e-bikes may be charged. Furthermore, the expansion of e-bikes is projected to be fueled by technological developments.

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Segments Covered in E-Bike Market are:

By Type: Mountain Bike, Road Bike, City Bike, Cargo Bike, Others
By Battery Type: Lead Acid, Nickel-cadmium, Nickel-metal Hydride, Lithium-ion
By Motor: Hub Motor, Mid Motor
By Operation Mode: Battery/Peddle Operated, Throttle Operated
Regional Areas Covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa

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Impact of Coronavirus (Covid-19) Pandemic:
During the COVID-19 pandemic, the use of e-bikes has expanded as a safe and convenient mode of transportation, as commuters tend to shun public transportation in order to preserve social distance. The closure of factories and stores caused a short-term disruption in e-bike development and sales for industry participants.

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This release was published on openPR.