The global electric bike market size reached USD 27.25 Billion in 2021 and is expected to register a revenue CAGR of 12.2% during the forecast period, according to latest analysis by Emergen Research. Technological development in electronic bikes is an important factor driving market revenue growth.Increasing E-bike parking places with fast chargers built into the sidewalk is driving the market revenue growth. Long-term bike parking spaces will be used for electric bicycles, both assisted and fully electric owing to charging terminals that have been incorporated into the sidewalk, these e-bike can be recharged electrically once it has been stopped.
The rising technology in Electric Bike Market is also depicted in this research report. Factors that are boosting the growth of the market, and giving a positive push to thrive in the global market is explained in detail. The study considers the present scenario of the data center power market and its market dynamics for the period 2022-2030. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
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Historical data available in the report elaborates on the development of the Electric Bike on national, regional and international levels. Electric Bike market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis.
Some Key Highlights
The pedal-assisted segment accounted for the largest revenue share in 2021. It facilitates a smoother ride while assisting with slopes, inclination, and rocky terrain, minimizing stress on joints. Additionally, riders may ride more precisely than on a standard bike. Furthermore, it encourages people to ride bikes who may not have done so otherwise owing to discomfort from their bodies. Riders can also use bikes for extended period without becoming physically exhausted which is boosting revenue growth of the segment.
Mountain segment accounted for the largest revenue share in 2021. Without electric help, traveling by regular bicycle is more challenging, and an hour-long hike can be very tiring. Consequently, one of the biggest benefits of eMTBs is that they enable the elimination of performance disparities. E-bikes can make a trip to the mountain more pleasurable and less tiring. For instance, E-Mountain Bike Like Ausstech Super Z 26 M005 that make their drivers independent of lifts is currently very much in vogue. This allows for several daily rides of inventive trails which are driving revenue growth of the segment.
Lithium-ion segment accounted for the largest revenue share in 2021. Since lithium-ion batteries are now the most common in the market, they are found in more recent or newer models of e-bikes. With the highest range and endurance of any battery, lithium-ion batteries are optimized for both overall weight and energy. Li-ion battery types are perfect for large-capacity and low-power applications since they may be shaped into various forms or special areas. Except fast charging technology, which drastically reduces the time, a lithium-ion battery pack can be fully charged in under two to three hours. which is driving revenue growth of the segment.
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Major Players/Manufacturers profiled in the report are:
Accell Group, Giant Bicycles, Merida Bikes, Riese & Müller GmbH, Georg Fritzmeier GmbH & Co. KG, Yamaha Motor Corporation, Trek Bicycle Corporation, Cycling Sports Group, Inc., Ampler Bikes, and Cowboy.
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Emergen Research has segmented the global electric bike market on the basis of propulsion, application, battery type, and region:
Battery Type Outlook (Revenue, USD Billion; 2019–2030)
Propulsion Outlook (Revenue, USD Billion; 2019–2030)
Application Outlook (Revenue, USD Billion; 2019–2030)
Using secondary sources such as company websites, annual reports, press releases, financial data, investor presentations, articles, news, white papers, certified publications, and government publishing sources as a starting point for the research methodology used to estimate and forecast the size of the Global Electric Bike Market. In addition, the research takes into account vendor offers in order to categorise the market.
Using this data, the research then calculates the size of the global Electric Bike market using a bottom-up approach. Primary research included thorough interviews with senior executives, chief executive officers, and directors, as well as vice presidents (VPs) and managers to determine the size of the market. These categories and sub-segments were then confirmed and validated by secondary research. Data triangulation processes are then used to complete the total market engineering process and arrive at precise statistics for all segments and sub-segments
Major Regions Covered in the Electric Bike Market Report:
Middle East & Africa
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Our report offers:
– Market share assessments for the regional and country level segments.
– Market share analysis of the top industry players.
– Strategic recommendations for the new entrants.
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets.
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
– Strategic recommendations in key business segments based on the market estimations.
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments.
– Supply chain trends mapping the latest technological advancements.
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