How Joy e-bike is emerging as a major contender in the Indian Li-ion E-bike Market

Li-ion e-bike is a high potential market for the new entrants, as the demand for li-ion e-bikes are expanding with the, rising electrification trends across the world, so as to reduce the emission of carbon content. Li-ion e-bike is an integrated bicycle integrated with Li-ion battery that produces power for causing or assisting propulsion. Various kinds of globally available e-bikes range from electric bikes with a small motor to assist the pedal-power of the rider to more powerful e-bikes that produce power to completely drive the bike using throttle.

As per the estimates released by FlairIntelligence, the sale of Li-ion e-bike was around 15.34 million units in 2019, followed by a dip in sales reaching a value of 14.98 million units. The major reason behind this fall was owing to disruption in the supply chain caused by COVID pandemic in the first quarter of 2020.

Indian market has turned out to be a lucrative space for Li-ion e-bike market, the market is primarily composed with various startups and contenders. One of the major company that has gained a colossal growth in the India e-bike market is, WardWizard Innovations and Mobility. The company’s Joy e-bike has recorded a colossal growth of 120% in 2020. As per the sales figure released by the company, in November 2021,
The Company said that it has managed to sell 3,290 electric scooter and motorcycle units last month in India.
WardWizard Innovations and Mobility produces electric two-wheelers under Joy e-bike brand. It offers battery-powered bike options such as Beast, Hurricane, Skyline, and Thunderbolt, moreover, it also has e-scooters in the lineup such as the Glob and Gen Next Nanu.

In this report, the global Li-ion E-Bike market is valued at USD XX million in 2020 and is expected to reach USD XX million by the end of 2030, growing at a CAGR of XX% between 2021 and 2030.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Li-ion E-Bike in these regions, from 2021 to 2030 (forecast), covering

United States
EU
China
Japan
South Korea
India

For full view of table of content visit @ https://flairintelligence.com/product/global-li-ion-e-bike-market-research-report-2020/

Global Li-ion E-Bike market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

HONDA
Accell Group
EMMELLE
Benelli
Slane
BYVIN
Birdie Electric
Cycleurope
BODO
xds
SONGI
Ward Wizard Innovations & Mobility Ltd

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

36V E-Bike
48V E-Bike
Other

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Li-ion E-Bike for each application, including

Personal Use
Commercial Use

For further enquires on the report visit @ https://flairintelligence.com/contact-us/ or email us at flairintelligence@rediffmail.com

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Warje, Pune 411058

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This release was published on openPR.