Press release
Asia Pacific Electric Bike Market Share 2022, Size, Growth and Forecast to 2027
Asia Pacific Electric Bike Market Share 2022, Size, Growth and Forecast to 2027
E-bikes, also called electronic bikes, are battery-powered bicycles comprising an electric motor, battery, and a drivetrain. These bikes primarily use lead-acid batteries that enable them to cover long distances on a single charge. As a result, e-bikes have emerged as an ecologically sustainable mode of transportation as they help in reducing the carbon emissions.
Market Trends
In the Asia Pacific region, the rising consumer concerns towards the depletion of conventional fossil fuels and soaring fuel prices are primarily driving the demand for e-bikes. Furthermore, the implementation of favorable regulations by several government bodies across China, Japan, South Korea, Thailand, etc., for reducing carbon emission levels from fuel-based vehicles has also propelled the market growth.
Additionally, numerous regional companies are emphasizing on the integration of e-bikes with advanced technologies, such as Internet-of-Things, GPS, AI, etc., which have led to various product innovations. The emergence of smart e-bikes that are wirelessly connected to software applications for displaying bike speed, battery status, power levels, and distance covered, will continue to further catalyze the market growth in the Asia Pacific region.
Get a PDF Sample for more detailed market insights:https://www.imarcgroup.com/asia-pacific-e-bike-market/requestsample
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.
The report has segmented the market on the basis of Mode, Motor Type, Battery Type, Class, Design, Application and Country.
Market Breakup by Mode:
Throttle
Pedal Assist
Market Breakup by Motor Type:
Hub Motor
Mid Drive
Others
Market Breakup by Battery Type:
Lead Acid
Lithium Ion
Nickel-Metal Hydride (NiMH)
Others
Market Breakup by Class:
Class I
Class II
Class III
Market Breakup by Design:
Foldable
Non-Foldable
Market Breakup by Application:
Mountain/Trekking Bikes
City/Urban
Cargo
Others
by Country:
China
Japan
India
South Korea
Australia
Indonesia
Others
For more information about this report visit: https://www.imarcgroup.com/asia-pacific-e-bike-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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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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