Press release
Electric Bike Market Expected to be Valued US$ 27 Bn by the end of 2027
A recent trend observed in the electric bike market is an increase in the adoption of electric bikes. With the government focussing on electro mobility and pollution reduction, zero emission vehicles are being increasingly promoted through attractive incentives. This has led to an enhanced focus on electric bikes and thus, a significant increase in the sales of electric bikes is expected over the forecast period
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Leading manufacturers of electric bikes are involved in the manufacturing of cost-effective and lightweight vehicles to improve the overall performance of vehicles. Compact bicycle frames, whether they fold or not, are some of the most diverse, light-weight and easily handled electric bikes in the market
The report on the global electric bike market presents a detailed analysis of the key players involved in the market. The report highlights all tier companies such as ECCITY Motorcycles, Hero Electric Vehicles Private Limited, Gogoro Inc., GOVECS GmbH, Vmoto Limited, Honda Motor Co. Ltd., Piaggio & C. SpA, Terra Motors Corp., Bayerische Motoren Werke AG, Jiangsu Xinri E-Vehicle Co. Ltd., Giant Manufacturing Co Ltd., Emotion Bikes USA, Pedego Electric Bikes, Volt, Energica Motor Company S.p.A., Amego Electric Vehicles Inc., Zero Motorcycles, Inc., Mahindra Genze, Derby Cycle and Accell Group.
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The report on the global electric bike market covers the annual demand and sales of various product segments namely, electric scooters, electric motorcycles and pedelecs (electric bicycles). Furthermore, the demand for different batteries such as Li-ion, NiMH and lead based batteries is also covered with inference and analyses. There are different technologies adopted by the manufacturers of electric scooters, electric bicycles and pedelecs, such as plug-in and battery that are also within the scope of the global electric bike market report.
The division of the market for electric vehicles on the basis of region is not spread uniformly. Electric vehicles are gaining popularity in North America. Less availability of fuel and natural resources are the major reasons supporting the demand for electric bikes and vehicles in the region. Moreover, rising awareness among consumers regarding health issues is also a major trend identified in the North America electric bike market
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