Press release
E-Bike Market is expected to reach USD 95.1 Billion by 2030 : Cognitive Market Research
E-Bike Market is expected to reach USD 95.1 Billion by 2030 : Cognitive Market Research
What is E-Bike?
- An electric bike commonly referred to as an e-bike is a form of bicycle that has an electric motor and a battery pack to help the user pedal. The motor makes moving the bike easier and more effective by either assisting the rider's pedaling or acting as the bike's own power source.
Traditional road bikes, mountain bikes, and folding bikes are just a few of the several varieties of electric bikes. Certain versions also offer regenerative braking, which can assist with battery recharging while riding. They can have varying levels of motor assistance ranging from minimal to full power.
Summary:
• The E-Bike Market size was valued at USD 51.1 Billion in 2022 and will reach USD 95.1 Billion by 2030 and is expected to grow at a CAGR of 8.1% during the forecast period (2023-2030).
• North America has the largest revenue share in the e-bikes market.
"To know more about The E-Bike Market statistics click here: https://www.cognitivemarketresearch.com/e-bike-market-report
Market Dynamics:
• E-Bike Market Drivers:
Several advantages of e-bikes in terms of time, cost, safety, congestion, air and noise pollution, and energy security are mainly driving the market growth. The market for e-bikes is expanding due to rising awareness about the negative consequences of fossil fuel-powered vehicles.
• E-Bike Market Opportunities:
Advancements in battery technology and bicycle infrastructure are anticipated to provide lucrative opportunities for the expansion of the electric bike market. The market is expected to grow due to several factors such as the stringent government regulations to prevent harmful effects on the environment, consumer preference for using e-bikes as an efficient and eco-friendly commute solution coupled with the increase in fuel prices leisure activity will further open new avenues for the market growth in upcoming years.
• E-Bike Market Restraints:
The high cost of e-bikes and some limitations for using e-bike inhibits their rapid adoption which is expected to hinder the market growth to some extent.
Segmentation Analysis:
Class
• Class-I
• Class-II
• Class-III
The Class-I e-bike segment has the largest revenue share and is predicted to continue to rule in the years to come. The growing demand for pedals due to their health benefits and power assistance, which has no restrictions on their operation, is projected to fuel the expansion of class-I e-bikes.
Battery
• Li-ion
• Lead Acid
• Li-ion Polymer
The Li-ion battery segment was the leading segment in the e-bikes market. Lithium-ion batteries are the largest battery type, and switching from lead-acid batteries to them can reduce the size and weight of the battery pack, boost charging speed, and lengthen the range.
The Major Players in E-Bike Market are:
Giant Bicycles Co. Ltd, Merida Industry Co. Ltd, Riese & Muller, Fritzmeier Systems GmbH & Co. KG (M1 Sporttechnik), Yamaha Bicycles, Trek Bicycle Corporation, Cannondale Bicycle Corporation, Kalkhoff Werke GmbH, VanMoof BV, Pedego Electric Bikes, Accell Group, Merida Industry Co. Ltd, Others
Get free sample pages of the latest published E-Bike Market Report:
https://www.cognitivemarketresearch.com/e-bike-market-report#request_sample
Regional Analysis:
• North America accounted for the largest share of the E-bikes market, in 2022
North America has the largest revenue share in the e-bikes market. This is due to the expanding number of manufacturing facilities and IT businesses, as well as the region's growing urban and tech-savvy populace. Also, the region has access to cheap labor and low-cost raw resources.
E-bikes Market News:
• Launch of the Y80 e-bike feature by Yadea Group
In Oct 2022, with a 350W engine producing 100Nm of torque and a 36V 10.5Ah large-capacity battery capable of a range of up to 80km, Yadea Group introduced the Y80 e-bike.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of E bike Market
Chapter 4 Global E bike Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global E bike Market by Class Segmentation Analysis (2018-2030)
Chapter 10 Global E bike Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global E bike Market by Battery Type Segmentation Analysis (2018-2030)
Chapter 12 Global E bike Market by Propulsion Type Segmentation Analysis (2018-2030)
Chapter 13 Global E bike Market by Power Segmentation Analysis (2018-2030)
Chapter 14 Global E bike Market by Steet Price Range Segmentation Analysis (2018-2030)
Chapter 15 Global E bike Market Regional Analysis
• 15.1 Detailed Qualitative Analysis
• 15.2 Global E bike Market Revenue by Region (2018-2030)
• 15.2 Global E bike Market Share (%) by Region (2018-2030)
Chapter 16 North America E bike Market Outlook (2018 - 2030)
Chapter 17 Europe E bike Market Outlook (2018 - 2030)
Chapter 18 Asia Pacific E bike Market Outlook (2018 - 2030)
Chapter 19 Latin America E bike Market Outlook (2018 - 2030)
Chapter 20 Middle East and Africa E bike Market Outlook (2018 - 2030)
Chapter 21 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more E-Bike Market TOC click here: https://www.cognitivemarketresearch.com/e-bike-market-report#table_of_contents
Related Report:
• Electric Scooter and Motorcycle Market - https://www.cognitivemarketresearch.com/electric-scooter-and-motorcycle-market-report
• EV Battery Market - https://www.cognitivemarketresearch.com/ev-battery-market-report
• Electric Bicycle Market - https://www.cognitivemarketresearch.com/electric-bicycle-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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