Global Electric Bike Market: Overview
Globally, the demand for electric bike has grown at a large
scale as it provides pedal assistance to the riders. The popularity of electric
bike is increasing due to growing urbanization and growing number of vehicular
traffic on streets. Electric bikes are now being considered as viable
transportation option due to its power capacity, long distance range, and
moderate speed. Some of the other reasons that helps in increasing the demand
for electric bike are rising fuel prices and supportive government initiatives.
Moreover, health conscious people are also preferring electric bike, as it will
help in reducing harmful gasses like other vehicle that works on petrol or
diesel. However, electric bikes are costly and developing economies
do not have adequate environment for these bikes to which might hamper the
growth of the electric bike market.
The global
electric bike market is categorized on the basis of battery
type, electric bike mode, and conversion kits. Based on conversion kits hub
motor conversion kit, all in one wheel kit, mid drive conversion kit, and
others. Among these conversion kits segments, all in one kit segment is
projected to lead the market in the coming years and it comprises of battery,
motor, and controller into a single hub. The use of these kits is growing as
they provide more power in minimum time as compared to other kits and rely on
48 volts and 1000-watt motor.
The report give the complete analysis about the electric
bike market. It covers various aspects affecting the market growth such as
drivers, restraints, trends, and opportunities. The report also expounds on the
regional growth and focuses on the different countries that have the potential
for electric bike. It is segmented according to the various factors affecting
its growth that are dependent on various facts.
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Global Electric Bike Market: Trends and
Opportunities
The trend present in the electric bike market is because of
the pedal assists in bikes is boosting growth of the market and expected to
remain influence positively on the growth of the market. The pedals works as
assistance to the electric vehicle. Additionally, it offers benefits such as
assistance in the fitness goals due to pedaling. Numerous health conscious
people are adopting the paddles to their vehicle to maintain their health.
Nonetheless, numerous players operating in the electric bike market are
focusing on the development and improvement of battery pack in order to improve
their running time and support to the vehicle. Some of these
players are encoring the exploration activities for improvement of the battery
pack.
Global Electric Bike Market: Regional Analysis
The key regions studied in the report are Europe, Middle
East & Africa, North America, Asia Pacific, and Latin America. Out of these
regions, Europe and North America. Out of these, Asia Pacific is projected to
lead the market during the forecast tenure. In this region, China plays crucial
role by contributing largely in terms of revenue. This is because China has
launched various initiatives for green transportation and has strict
regulations regarding emissions that drives the electric bike market. On the
other hand, the rising demand for electric bike in countries like Germany,
France, Netherlands, and the UK. are also expected to increase the demand in
Europe and the Middle East and Africa. Thus, triggering the demand in the
electric bike market.
Global Electric Bike Market: Competition
The vendor landscape on the global electric bike market
present crucial information about the key players in the market. The insights
present in the report are likely to help players change their business
development strategies according to future scenario or help in making changes
on the current ground. To mention some of the prominent players in the global
electric bike market are Mahindra & Mahindra Ltd., Giant Manufacturing Co.,
Ltd, BionX International Corporation., Prodecotech, LLC, and JIANGSU XINRI
E-VEHICLE CO., LTD.
The report offers a comprehensive evaluation of the market.
It does so via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing so, the
research report serves as a repository of analysis and information for every
facet of the market, including but not limited to: Regional markets,
technology, types, and applications.
The study is a source of reliable data on:
- Market
segments and sub-segments
- Market
trends and dynamics
- Supply
and demand
- Market
size
- Current
trends/opportunities/challenges
- Competitive
landscape
- Technological
breakthroughs
- Value
chain and stakeholder analysis
The regional analysis covers:
- North
America (U.S. and Canada)
- Latin
America (Mexico, Brazil, Peru, Chile, and others)
- Western
Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium,
Netherlands, and Luxembourg)
- Eastern
Europe (Poland and Russia)
- Asia
Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle
East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary
research (through interviews, surveys, and observations of seasoned analysts)
and secondary research (which entails reputable paid sources, trade journals,
and industry body databases). The report also features a complete qualitative
and quantitative assessment by analyzing data gathered from industry analysts
and market participants across key points in the industry’s value chain.
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A separate analysis of prevailing trends in the parent
market, macro- and micro-economic indicators, and regulations and mandates is
included under the purview of the study. By doing so, the report projects the
attractiveness of each major segment over the forecast period.
Highlights of the report:
- A
complete backdrop analysis, which includes an assessment of the parent market
- Important
changes in market dynamics
- Market
segmentation up to the second or third level
- Historical,
current, and projected size of the market from the standpoint of both
value and volume
- Reporting
and evaluation of recent industry developments
- Market
shares and strategies of key players
- Emerging
niche segments and regional markets
- An
objective assessment of the trajectory of the market
- Recommendations
to companies for strengthening their foothold in the market
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