Electric Bicycles Market Size, Share, and Analysis, By Electric Bicycle Type (Pedal Assist/ Pedelecs, Power on Demand, Pedal Assist with Power on Demand), By Battery Type (Sealed Lead Acid, Li-Ion Battery), By Motor Type (Hub Motor, Mid Drive Electric) an

Electric Bicycles Market Size, Share, and Analysis, By Electric Bicycle Type (Pedal Assist/ Pedelecs, Power on Demand, Pedal Assist with Power on Demand), By Battery Type (Sealed Lead Acid, Li-Ion Battery), By Motor Type (Hub Motor, Mid Drive Electric) and Regional Forecasts, 2022-2032

PRODUCT OVERVIEW

Electric Bicycles Market size was USD 21.83 billion in 2021 and projected to grow from USD 27.2 billion in 2023 to USD 74.6 billion by 2032, exhibiting a CAGR of 11.8% during the forecast period.

Electric bicycles, aka eBikes, e-bikes, and more, are motor-powered bicycles with an incorporated electric motor to support propulsion. E-bikes come in a variety of styles, but they are broadly divided into two groups: those adding a throttle and incorporate moped-like features, sometimes known as pedelecs, and others that do not. Rechargeable batteries power e-bikes, which can normally offer speeds of (16 - 20 mph) 25 - 32 km/h.

MARKET HIGHLIGHTS

Electric Bicycles Market is expected to reach USD 74.6 billion, growing at a CAGR of 11.8% during the forecast period owing to supportive regulations by government and guidelines to promote the use of electric bicycles, augmented fuel prices, and growing awareness for the benefits of cycling (recreational & fitness activity). Also, the adoption of e-bike applications in a number of industries, including e-bike rental services and logistics is anticipated to fuel the Electric Bicycles Market during the forecast period.

Electric Bicycles Market Segments:

• Electric Bicycle Type
• Pedal Assist/ Pedelecs
• Power on Demand
• Pedal Assist with Power on Demand
• Battery Type
• Sealed Lead Acid
• Li-Ion Battery
• Motor Type
• Hub Motor
• Mid Drive Electric

MARKET DYNAMICS

Growth Drivers

Rising Initiatives by Governments to Promote the Use of Electric Bikes is Expected to Boost the Market Growth

Growing Use of Connectivity Applications for Driver Safety to Boost the Market Growth

Restraint

Costly E-Bikes and Higher Maintenance of Electric Bicycles to Restrain the Market Growth

Key Players

• Yamaha Motor Corporation
• Yadea Group Holdings Ltd
• Trek Bicycle Corporation
• Merida Industry Co. Ltd.
• Accell Group
• Giant Manufacturing Co. Ltd.
• Polarity
• Royal Dutch Gazelle
• Derby Cycle
• Hero Lectro
• CSE EV GROUP CO LTD
• Fuji-ta Bicycle Co. Ltd.
• Easy Motion
• Moustache Bikes
• GoZero
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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