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E-Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

E-Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • October 2019
  • 107 pages
  • ID: 5175304
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global e-bike market reached a value of US$ 19.6 Billion in 2018. An e-bike or electronic bicycle is a standard bicycle which is equipped with an electric motor, a battery and a drivetrain. The bike can be moved through pedaling or can run on rechargeable batteries. They majorly used Lead acid batteries and can cover long distances with a single charge. E-bikes are simple to operate, convenient for all age groups and are an economical alternative as an environment-friendly means of transportation, in comparison to motored vehicles.

The growing popularity of cycling as a recreational activity is one of the key factors driving the market growth. Cycling has numerous physical and mental health benefits such as improved cardiovascular fitness, muscle strength and flexibility along with the reduced risk of stress and depression. The young population is increasingly opting for various adventure sports, which is providing a boost to e-bike sales. Furthermore, the thriving tourism industry is another factor catalyzing the growth of the market. Tourists are opting for e-bikes as a self-driving alternative to commute as it is economical and enables effortless riding. The growing environmental consciousness and rising urban air pollution have led individuals to switch to electric vehicles such as e-bikes that have low carbon emissions and can be charged through solar power. Moreover, various product innovations such as the introduction of hydrogen-powered bikes and Smart E-Bike Monitoring System (SEMS), along with the increasing demand for pedal assisted or pedelec bikes, are also contributing to the market growth. Looking forward, the analyst expects the market to reach a value of US$ 27.8 Billion by 2024, registering a CAGR of around 6% during 2019-2024.

Report Coverage:
Historical, Current and Future Market Trends

Market Breakup by Mode:
Throttle
Pedal Assist

Market Breakup by Motor Type:
Hub Motor
Mid Drive
Others

Market Breakup by Battery Type:
Lead Acid
Lithium Ion
Nickel-Metal Hydride (NiMH)
Others

Market Breakup by Class:
Class I
Class II
Class III

Market Breakup by Design:
Foldable
Non-Foldable

Market Breakup by Application:
Mountain/Trekking Bikes
City/Urban
Cargo
Others

Market Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Accell, BionX, Robert Bosch GmbH, Yamaha Motor Company, Derby Cycle, Giant Bicycles, Klever Mobility, Merida Industry Co. Ltd, Samsung SDI Co, Continental AG, Prodecotech LLC, Fuji-ta, Trek Bicycle Corporation, Pedego Electric Bikes, Shimano, etc.

Key Questions Answered in This Report:
How has the global E-bike market performed so far and how will it perform in the coming years?
What are the key regional markets in the global E-bike industry?
What is the breakup of the market based on the mode?
What is the breakup of the market based on the motor Type?
What is the breakup of the market based on the battery type?
What is the breakup of the market based on the class?
What is the breakup of the market based on the design?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the global E-bike industry?
What are the key driving factors and challenges in the global E-bike industry?
What is the structure of the global E-bike industry and who are the key players?
What is the degree of competition in the global E-bike industry?

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