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2023 Electric Bikes Market Size, Share, Growth, Latest Trends, Industry Analysis By 2032
Electric Bikes Market
Electric Bikes Market Size, Growth Rate, And Forecast
The global electric bikes market size grew from $43.22 billion in 2022 to $49.54 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electric bikes market size is expected to grow to $85.62 billion in 2027 at a CAGR of 14.7%.
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Electric Bikes Market Drivers
The implementation of government regulations to encourage the use of electric bikes is expected to propel the growth of the electric bikes market in the coming years. Electric bikes have a longer range and are easier to use, allowing users to travel without sweating, pull bigger loads, run more errands, and take longer journeys.
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Electric Bikes Market Segments
1) By Class: Class-I, Class-II, Class-III
2) By Motor Type: Mid Motor, Hub Motor
3) By Battery Type: Lead Acid, Lithium ion (Li-ion), Nickel-Metal Hydride (NiMH), Other Battery Types
4) By Application: Mountain Or Trekking, City Or Urban, Cargo, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Electric Bikes Market.
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Electric Bikes Market Key Players
Major competitors in the Electric Bikes Market include Accell Group, Derby Cycle AG, Tianjin Fuji-ta Group, Giant Bicycles, Mahindra & Mahindra, Merida Industry Co. Ltd., Pedego Electric Bikes, Tianjin Golden Wheel Bicycle Group Co Ltd., Trek Bicycle Corporation, Pon Bicycle Holding B.V., VanMoof, FRITZMEIER Systems GmbH & Co. KG, Gocycle, Klever Mobility, and Panasonic
The Business Research Company's "Global Electric Bikes Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Electric Bikes Market Include:
1. Executive Summary
2. Electric Bikes Market Characteristics
3. Electric Bikes Market Trends And Strategies
4. Electric Bikes Market - Macro Economic Scenario
5. Electric Bikes Market Size And Growth
.......
26. Africa Electric Bikes Market
27. Electric Bikes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Bikes Market
29. Electric Bikes Market Future Outlook and Potential Analysis
30. Appendix
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