Press release
Pedaling Towards the Future: Electric Bicycle Market to Soar Beyond $66.53 Billion by 2030
Electric Bicycle Market Size
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/12130
Favorable government regulations and policies, surge in fuel costs, and rise in interest in cycling as a fitness & recreational activity drive the growth of the global electric bicycle market. However, surge in purchase and maintenance cost of electric bicycles restrains the market growth. On the other hand, improvements in bicycling infrastructure & battery technology and rise in trend of connected electric bicycles present new opportunities in the coming years.
๐๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐๐๐๐ซ๐ฌ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ข๐๐ฒ๐๐ฅ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ฆ๐จ๐ญ๐จ๐ซ ๐ญ๐ฒ๐ฉ๐, ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐ญ๐ฒ๐ฉ๐, ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง, ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ, ๐ฉ๐จ๐ฐ๐๐ซ ๐จ๐ฎ๐ญ๐ฉ๐ฎ๐ญ, ๐๐ง๐ ๐ซ๐๐ ๐ข๐จ๐ง :
Based on battery type, the lithium ion (Li-ion) segment contributed to the highest share in 2020, accounting for more than three-fourths of the total market share, and is estimated to maintain its dominant share by 2030. Moreover, this segment is projected to manifest the highest CAGR of 11.2% from 2021 to 2030. The report also analyzes the segments lead acid and others.
Based on application, the daily commute segment held the largest share in 2020, accounting for more than half of the global electric bicycle market. However, the fitness segment is estimated to witness the fastest CAGR of 13.3% during the forecast period.
Based on region, Asia-Pacific accounted for the highest share in 2020, contributing to more than half of the total market share, and is projected to continue its leadership status by 2030. However, LAMEA is projected to portray the fastest CAGR of 14.6% during the forecast period.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/electric-bicycle-market/purchase-options
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ :
The sales volume of electric bicycles market size reduced in the first quarter of 2020, due to closure of bicycles stores with lockdown restrictions in place during the Covid-19 pandemic. However, the sales volume of electric bicycles increased post-lockdown in most of the countries including China, the Netherlands, Japan, the U.S., Italy, and France.
As one of the leading bicycle manufacturers and having the largest market for electric bicycles, China witnessed rise in demand in this sector.
Post-lockdown, the market is expected to boost as the demand for electric bicycles is on the rise across the world with rise in health-consciousness and preference toward eco-friendly means of transport.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Accell Group N.V.,
CSE EV GROUP CO LTD,
Derby Cycle,
Fuji-ta Bicycle Co Ltd,
Giant Manufacturing Co. Ltd,
Merida Industry Co, Ltd,
Royal dutch gazelle,
Trek Bicycle Corporation,
Yadea Group Holdings Ltd
Yamaha Motor Corporation
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/12130
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
Electric Vehicle (EV) Transmission Market
https://www.alliedmarketresearch.com/electric-vehicle-transmission-market
Electric Kick Scooter Market
https://www.alliedmarketresearch.com/electric-kick-scooter-market-A11326
Light Commercial Vehicle (LCV) Market
https://www.alliedmarketresearch.com/light-commercial-vehicle-market-A11794
BMX Bikes Market
https://www.alliedmarketresearch.com/bmx-bikes-market-A12205
Automotive Hypervisor Market
https://www.alliedmarketresearch.com/automotive-hypervisor-market-A11740
Express Delivery Market
https://www.alliedmarketresearch.com/express-delivery-market-A12503
๐๐จ๐ง๐ญ๐๐๐ญ:
David Correa
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๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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.
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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