Press release
The Green Revolution: A Deep Dive into Electric Bikes with Accell Group, Fuji-ta Bicycle, Derby Cycle, Jiangsu Xinri E-Vehicle
Allied Market Research recently published a report, titled, "Electric Bike Market by Product (Pedelecs, Speed Pedelecs, Throttle on Demand, and Scooter & Motorcycle), Drive Mechanism (Hub Motor, Mid-Drive, and Others), and Battery Type (Lead Acid, Lithium-Ion (Li-ion), and Others): Global Opportunity Analysis and Industry Forecast, 2020-2030". As per the report, the global electric bikes industry was pegged at $40.31 billion in 2019, and is projected to reach $118.65 billion by 2030, growing at a CAGR of 10.5% from 2020 to 2030.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ-https://www.alliedmarketresearch.com/request-sample/4756
Drivers, restraints, and opportunities
Rise in fuel costs, growth in interest in cycling as fitness & recreational activity, consumer inclination toward uses of e-bikes as eco-friendly & efficient solutions for commute, and implementation of government regulations to encourage the use of electric bikes propel the growth of the global electric bikes market. However, ban on use of e-bikes in major cities of China and high cost of e-bikes hinder the market growth. On the contrary, improvement in bicycling infrastructure & battery technology is projected to open lucrative opportunities for the market players in the future.
Covid-19 scenario:
Owing to the Covid-19 pandemic, several companies adopted the work from home culture, eliminating the need for a commute to work locations. The hampered the demand for e-bikes.
On the other hand, people are avoiding public transportations and opting for e-bikes as they are safe, affordable, and convenient alternatives to public transportation. Moreover, the government restriction on using public transport has favored the sale of e-bikes.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง at https://www.alliedmarketresearch.com/request-for-customization/4756
The scooter & motorcycle segment held the lion's share
By product, the scooter & motorcycle segment held the largest share in 2019, accounting for nearly two-thirds of the global electric bikes market, due to aid in a significant reduction of carbon dioxide (CO2) emission, carbon footprints, and noise pollution. However, the throttle on-demand segment is projected to register the highest CAGR of 14.0% from 2020 to 2030, owing to increase in popularity of throttle-operated electric bicycles among the commuters.
The mid-drive segment to manifest the highest CAGR through 2030
By drive mechanism, the mid-drive segment is anticipated to showcase the highest CAGR of 11.0% during the forecast period. However, the hub motor segment held the lion's share in 2019, contributing to nearly three-fourths of the global electric bikes market, owing to hassle-free installation, cost-effectiveness, and better performance.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/4756
LAMEA, followed by North America, to portray the highest CAGR by 2030
By region, the market across LAMEA, followed by North America is estimated to manifest the highest CAGR of 14.0% from 2020 to 2030, due to series of initiatives taken by private companies, local governments, and federal officials to promote the adoption of an electric vehicle. However, the global electric bikes market across Asia-Pacific held the lion's share in 2019, accounting for around two-thirds of the market, owing to increase in initiatives for environmentally friendly vehicles & bikes and the development of related infrastructure from several governments such as India.
Major market players
Accell Group
Fuji-ta Bicycle Co., Ltd.
Derby Cycle
Jiangsu Xinri E-Vehicle Co., Ltd.
Giant Manufacturing Co., Ltd.
Prodecotech, LLC
Mahindra & Mahindra Ltd. (GenZe)
Trek Bicycle Corporation
Tianjin Golden Wheel Group Co., Ltd.
Yamaha Motor Co., Ltd.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Fuel Cell Bikes Market- https://www.alliedmarketresearch.com/fuel-cell-bikes-market-A10059
Solar E-Bike Market- https://www.alliedmarketresearch.com/solar-e-bike-market-A10071
Balance Bike Market - https://www.alliedmarketresearch.com/balance-bike-market-A08495
One Wheel Electric Scooter Market - https://www.alliedmarketresearch.com/one-wheel-electric-scooter-market-A08744
Pedelec Market - https://www.alliedmarketresearch.com/pedelec-market
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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