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E-Bike Market Analysis | Industry Size, Share, Growth and Forecast 2022-2027

09-01-2022 07:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

E-Bike Market Analysis | Industry Size, Share, Growth

The latest research study "E-Bike Market Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that The global e-bike market size reached US$ 21.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 32.4 Billion by 2027, exhibiting at a CAGR of 6.9% during 2022-2027.

COVID-19 Impact Analysis

Note; We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request to sample copy of this report: https://www.imarcgroup.com/e-bike-market/requestsample

Industry Definition and Application:

An e-bike is a bicycle that consists of electrical components, including motors, batteries and controllers. The electric motor in the bike aids the rider's pedal-power, which is utilized for propulsion. When the user puts pressure on the pedals of an e-bike, the motor engages and provides a boost to the acceleration. Since it utilizes rechargeable batteries for its functioning and can cover long distances at a single charge, it is not only a cost-effective option but also an environment-friendly means of transportation as compared to other land transports, such as motorcycles and cars.

List of Major Key Players:

The major players in the market are ACCELL GROUP (ACCEL.AS), BionX International Corporation, BOSCH LTD (BOSCHLTD.NS), YAMAHA MOTOR CO (YAMHF), Derby Cycle Holding GmbH, Giant Manufacturing Co. Ltd., Klever Mobility GmbH, Merida & Centurion Germany GmbH, Samsung SDI Co., Ltd, Continental AG, ProdecoTech, Fuji-ta Bicycle Co., Ltd., Trek Bicycle Corporation, PEDEGO INC, and Shimano Inc

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/e-bike-market

Global E-Bike Market Trends:

Growing awareness among the masses regarding the benefits of physical fitness is primarily driving the growth of the market. Lifestyle diseases such as diabetes and obesity are proliferating on the global level on account of lack of physical activities and shifting dietary patterns.

Consequently, a majority of the population has turned to cycling as a measure to improve their cardiovascular health, enhance aerobic capacity and combat weight gain issues. Since these bikes rely on pedaling as well as on motors for mobility, they serve as an ideal option for beginners and users with health issues. In line with this, these bikes are also gaining widespread popularity among senior citizens, patients suffering from chronic pain and people with disabilities.

Advanced variants with e-assistance services aid people with lower mobility to exercise without adversely affecting their health. Moreover, these bikes utilize rechargeable batteries or solar power to function. Rising awareness regarding the hazardous effects associated with the usage of conventional vehicles has bolstered the uptake of these bikes. Furthermore, the advent of hydrogen-powered bikes and Smart E-Bike Monitoring System (SEMS) is also expected to favorably impact the market growth.

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse related reports:

Automotive Lead-Acid Battery Market: https://www.imarcgroup.com/automotive-lead-acid-battery-market

Hybrid Electric Vehicle Market: https://www.imarcgroup.com/hybrid-electric-vehicle-market

All-terrain Vehicle Market: https://www.imarcgroup.com/all-terrain-vehicle-market

Automotive Infotainment Market: https://www.imarcgroup.com/automotive-infotainment-market

Anti-Lock Braking System (ABS) Market: https://www.imarcgroup.com/anti-lock-braking-system-market

Autonomous Vehicle Market: https://www.imarcgroup.com/autonomous-vehicle-market

Automotive Wiring Harness Market: https://www.imarcgroup.com/automotive-wiring-harness-market

Contact US: IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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