A new market study, titled “Discover Global Ebikes Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
Ebikes have been gaining momentum in recent years. This analysis sheds light on the fact that the global Ebikes market is expected to shoot up a decent CAGR over the next couple of years. The product is likely to attract a broader base of customers in the years to come.
Efforts for reducing the carbon footprints, while increasing green footprints, is anticipated to lead the growth pattern of the Ebikes market in the upcoming years. In addition, the depleting sources of energy have led to a rise in fuel prices. It is anticipated to motivate the expansion of the Ebikes market in the foreseeable future. The market is likely to benefit from the investments by key players in regional expansion. It is anticipated to accelerate revenue creation in the Ebikes market in the forthcoming years. Also, the organic approaches such as product development and product launches are expected to further develop the Ebikes market.
The innovations in battery technology are one of the primary factors responsible for the proliferation of the Ebikes market on the global front. The quick adoption of latest technologies has led to a boom in the Ebikes market, which is presumed to continue over the next couple of years. Also, the increasing efficiency of the product is likely to impact the market favorably in the years to come. Also, the health benefits associated with cycling is poised to drive the expansion pace of the Ebikes market in the forthcoming years. The shift towards a healthy regime in the younger population is likely to lead the market growth.
On the basis of product, the global Ebikes market has been segmented into lead-acid battery, lithium-ion battery, and others (nickel-cadmium batteries, NIMH batteries, etc.)
Based on the application, the Ebikes market has been segmented into commuter and entertainment.
The regional evaluation of the global Ebikes market spans across major regions such as Europe and South East Asia that are narrowed down on the basis of key countries. Other regional segments in the report are on the basis of countries. These are – the United States, China, India, and Japan. Europe is presumed to play a substantial role in the expansion of the Ebikes market in the coming years. It can be attributed to the rising adoption of electric cars and vehicles as a substitute for petrol and diesel automobiles. In addition, the rising investments in reduction of carbon footprints by the governments in the region are promoting the growth of the Ebikes market., The trend is supposed to perpetuate over the next couple of years.
In October 2019, EWS has ventured into the Ebike industry with the launch of their EWS-E series. It is scheduled to kick off next year, and the company is planning on doing three rounds in Switzerland, France, and Italy.
In March 2019, GoZero, the two-wheeled electric mobility space, has announced its launch in India at a starting price of INR 29,000.
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