Market Research Future Insights
According to MRFR analysis, the global E-Bikes Market is expected to register a CAGR of ~7.89% from 2022 to 2030 and hold a value of over USD 84.26 billion by 2030.
Bicycles having an electric motor drive system built in and a battery that produces electricity for propulsion or propulsion aid are known as "e-bikes." There are many different types of electric bikes, ranging from those with a little motor to assist the rider's pedalling to more powerful models that may be throttled to drive the bike as a whole.
E-bikes are a practical, flexible, eco-friendly, and fashionable mode of mobility. Consumers believe they are the best alternative to scooters, smart cars, and public transportation. E-bikes can aid in easing traffic congestion because of their smaller size, increased range on a single charge, and advantageous impacts on health. These factors help explain why electric motorcycles are becoming more and more popular around the world.
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Regional Analysis
Europe holds the biggest market share for e-bikes. Severe government regulations on car emissions and the quick adoption of e-bikes throughout the area will further increase demand for e-bikes in the European region. Additionally, the UK's e-bike market was the one in Europe with the quickest rate of growth, while Germany's e-bike market had the greatest market share.
The Asia-Pacific E-Bikes Market is anticipated to see the quickest CAGR growth. This is brought on by rising sales of electric cars and the accessibility of low-cost raw materials. Additionally, the Indian e-bike market had the highest rate of growth in the Asia-Pacific region, while China's e-bike market had the greatest market share.
Market Segmentation
The Global E-Bikes Market has been segmented into Battery, Type, Frame Material, and Consumer Group
Based on the Battery, the market has been segmented into Lithium-Ion, Sealed Lead-Acid, and Others.
Based on the Type, the market has been segmented into Pedal Assist, Throttle Control, and Others.
Based on the Frame Material, the market has been segmented into Carbon Fiber, Carbon Steel, Aluminum, Aluminum Alloy, and Others.
Based on the Consumer Group, the market has been segmented into Men, Women, and Children.
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Key Players
Some of the key market players are Accell Group N.V., Pon Bike, Merida Industry Co. Ltd, Giant Manufacturing Co. Ltd, Yamaha Motor Corporation, and others.
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