E-Bike Market Forecast and Trends Analysis Research Report 2020-2027

 

The GMI Research expects the E-Bike market to expand at a higher rate. From a regional perspective, the Europe is projected to lead the market. Among European economies, Germany will be dominating the e-bike market. For example, in Germany, an e-bike is the highly adopted transportation mode for mobility, sports, leisure, and even local traveling.

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E-Bike Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The low maintenance cost for an e-bike is the major factor driving the growth of the E-Bike market. For example, fuel prices worldwide is a major concern, and the rising cost of fuel has lead to an upsurge in demand for the market. E-bike also aids in saving hundreds of dollars every year that is generally spent on gasoline. Moreover, subsidy benefits on e-bike by the Indian government in the 2020 budget for commercializing an e-bike will further bolster the growth of the e-bike market size. As per the Vox Media, LLC and Taylor and Francis Group, during the COVID-19 era, public and private transportation got disrupted. A certain population of London, Paris, and New York was seen adopting e-bikes, and new lanes were also launched to support e-vehicles, thereby propelling the growth of the e-bike market. The growing demand for eco-friendly transportation in society and increasing concerns for sustainable use of resources including natural gas, oil (petroleum), and others have boosted the demand for e-bike worldwide. The rising healthcare concerns that include the strong prevalence of chronic diseases like cardiovascular and diabetes diseases owing to increasing emissions levels from petrol and diesel vehicles will further stimulate the growth of the market.

The drastic shift in consumer preference towards recreational and adventure activities, the high adoption of the e-bike in various industries like e-bike rental services and logistics is further augmenting the growth of the market. In addition to this, increasing interest in cycling and a fundamental shift of the fitness conscious consumers for e-bike will further open new doors for the growth of the market over the coming years. On the other hand, the key driver hindering the market growth includes the increasing cost of e-bikes due to the high cost of motors and batteries.

E-Bike Market’s leading Manufacturers:

·        Accell Group

·        Derby Cycle

·        JIANGSU XINRI E-VEHICLE CO., LTD.

·        Robert Bosch GmbH

·        AIMA TECHNOLOGY CO., LTD

·        ITALJET SPA

·        Giant Bicycles

·        Yamaha Motor Co., Ltd.

·        Pon

·        MERIDA BIKES

·        Pedego Electric Bikes

E-Bike Market Segmentation:

Segmentation by Speed:

·        Up to 25kmph

·        25-45Kmph

Segmentation by Battery Type:

·        Lithium-Ion

·        Lithium-Ion Polymer

·        Lead Acid

·        Others

Segmentation by Class:

·        Class-I

·        Class-II

·        Class-III

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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