The report of Global E-Bike Market by Product (Pedelecs, Throttle on Demand, Scooter & Motorcycle), Drive mechanism (Hub Motor, Mid Drive), Battery type (Lead-acid, Lithium-ion (Li-ion), Nickel-metal hydride (NiMh)), and Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) is expected to reach US$ 24.3 Bn by 2026, at a CAGR of 10.2% during a forecast period.
Surging environmental concerns combined with regulatory backing is driving the adoption of global e-bikes have driven the market significantly. The governments in multiple economies have launched initiatives and schemes which are favoring the shift towards e-bikes. Such as, China has banned motorbikes in city centers in over ninety major Chinese cities owing to traffic disruption. This has helped the global e-bike market thrive in the region.
A lead-acid segment is expected to grow at the highest XX% CAGR during the forecast period.
The lead-acid segment dominates the global market, because of its low cost and ease of recycling. However, the popularity of Lithium-ion batteries has been increasing exponentially, attributed to their lightweight and high capacity.
The APAC is expected to witness the fastest growth during the forecast period.
The APAC will remain the largest region over the forecast period owing to the governments of these developing economies have recognized the growth potential of electric two-wheelers and, hence, have taken numerous initiatives to attract major OEMs to manufacture electric two-wheelers in their domestic markets. Such as, the Government of India announced financial support and a scheme called Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME). In India, the government has encouraged the use of e-bikes, and it is looking forward to converting every “fuel-running vehicle” into e-vehicles by the end of 2035.
Key players operating in the Global E-Bike Market are Yamaha Motor Company, Giant Manufacturing Co. Ltd., Accell Group N.V., Aima Technology Group Co. Ltd., Yadea Group Holdings Ltd, Pedego Electric Bikes, Merida Industry Co. Ltd, Trek Bicycle Corporation, Specialized Bicycle Components, Inc., BH BIKES, Derby Cycle, FRITZMEIER, Klever Mobility, Revolt Intellicorp
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global E-Bike Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global E-Bike Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global E-Bike Market positioning of competitors.
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