Global Electric Bikes Market Size and Forecast To 2025
Global Electric Bikes Market Analysis
According to Verified Market Intelligence, The Global Electric Bikes Market was valued at USD 16.21 billion in 2017 and is projected to reach USD 23.70 billion by 2025, growing at a CAGR of 4.82% from 2018 to 2025.
What is Electric Bikes?
Electric bikes can be defined as bicycles that have a battery powered assist. When pedaling on an electric bike, a small motor is present in the electric bike that gives a boost, which would aid in climbing hills and cruising over high terrain without extra effort. The electric bike is essentially supposed to augment human power, not completely replace it. The main components of an electric bike are the battery, the drivetrain and the motor.
Global Electric Bikes Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
There are several advantages to an electric bike such as the increase in the speed, this aids a novice rider to be able to get a significant amount of speed going. Electric bikes are therefore a great way to commute as they require much less effort to rise in comparison to traditional bicycles. These factors are driving the market for electric bikes. Factors such as the requirement for the maintenance of the batteries as well as the increase in the complexity of the bikes are restraining the growth of the market.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Electric Bikes Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Electric Bikes Market Competitive Landscape
The “Global Electric Bikes Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Trek Bicycle Corporation, Accell Group, Fuji-ta Bicycle Co.,Ltd, Derby Cycle, Giant Manufacturing Co., Ltd., Jiangsu xinri e-vehicle co., ltd., Mahindra & Mahindra Ltd. (GenZe), Bionx International Corporation, Prodecotech, LLC and Tianjin Golden Wheel Group Co., Ltd. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Electric Bikes Market , By Product Type
• Throttle On Demand
• Scooter or motorcycle
Global Electric Bikes Market , By Drive Mechanism
• Hub motor
• Mid Drive
• Other drive mechanisms
Global Electric Bikes Market, By Battery Type
• Lead Acid
• Lithium ion (Li-ion)
• Nickel metal hydride (NiMH)
Global Electric Bikes Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
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