E-Bike Market
E-Bike Market by Mode (Throttle, Pedal Assist), Motor Type, Class, Usage (Mountain/Trekking, City/Urban, Cargo), Speed, Component, Battery Type, and Region
NORTHBROOK, ILLINOIS, UNITED STATES, April 8, 2022 /EINPresswire.com/ — The E-Bike Market is projected to succeed in $79.7 billion by 2026 from $47.0 billion in 2021, at a CAGR of 11.1%. The Electric Bike Market progress is pushed by rising site visitors congestion, rising curiosity in biking as a health and leisure exercise, and the inclination of shoppers towards an eco-pleasant resolution for commuting.
The Asia Pacific leads the worldwide e-bike market, adopted by Europe and North America. Due to rising site visitors, folks within the Asia Pacific area largely desire metropolis/city e-bikes for commuting. However, in Europe, mountain e-bikes are in style because of the rising curiosity of shoppers in mountain//trekking actions. In North America, there’s a rising demand for metropolis/city e-bikes for the every day commute, recreation, and health actions.
OPPORTUNITY: Trend in the direction of related e-bikes
With the rising demand for e-bikes, there are technological developments within the subject of e-bikes. The related e-bike is one such development, whereby the SIM module permits the e-bike to ship and obtain knowledge to and from the cloud and not using a related smartphone. Some of the vital options provided by the related e-bike embody computerized emergency calls, built-in navigation, social media connection, an anti-theft system, and distant diagnostics. Bosch is among the main gamers within the e-bike market, providing related electrical bike options. For instance, Smartphone Hub by Bosch can join e-bikes to a smartphone and help the riders earlier than and after their journey. The Lock premium perform by Bosch additionally transforms the Kiox related onboard pc into the important thing for better safety. Nyon from Bosch determines the pedalling drive and frequency throughout the journey and makes use of this info to calculate the bicycle owner’s efficiency and power consumption. On platforms akin to komoot, which is built-in into the COBI.Bike app, hundreds of thousands of customers can alternate info with one another and uncover new routes with suggestions and ideas from the neighborhood.
Top 10 Players:-
Accell Group N.V., Giant Manufacturing Co. Ltd., Pon. Bike, Yamaha Motor Company, Merida Industry Co. Ltd., Specialized Bicycle Components, Inc, Pedego Electric Bikes, Yadea Group Holdings Ltd., Trek Bicycle Corporation, and Koito Manufacturing Co., Ltd.
Additional Regional Players:-
Hero Lectro E-Cycles, Fuji-ta Bicycle Co., Ltd., Electric Bike Company, Rad Power Bikes Llc, Vanmoof, BH Bikes, Brompton Bicycle Ltd., Riese & Müller Gmbh, Stormer, Cowboy.
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The Asia Pacific is projected to be the most important regional market
The Asia Pacific was the most important e-bike market in 2020, and China was the most important market within the area, with a share of ~97% share, by quantity, of the Asia Pacific e-bike market. The e-bike market within the Asia Pacific area has developed over time. Japan was the primary nation to introduce e-bikes. The area is dwelling to main e-bike producers and element suppliers, akin to Giant Manufacturing, Merida, AIMA, Yadea Group, Panasonic, Shimano, and Yamaha Motor Company. City/Urban bikes are largely utilized by working professionals and youngsters for every day commutation within the area. In this area, India, Japan, South Korea, and Taiwan are potential markets owing to the rising e-bike gross sales in these nations.
The lithium-ion battery section is projected to guide the electrical bike market
The lithium-ion battery section, by battery kind, is the most important section as lithium-ion batteries are most well-liked in e-bikes presently. These batteries are smaller in dimension, lengthy-lasting, and have extra energy-to-weight ratio than different batteries.
The mountain/trekking e-bike section by utilization is anticipated to be the quickest-rising market
The demand for mountain/trekking e-bikes is rising quickly as shoppers more and more present curiosity in trekking and leisure actions. There is a rising curiosity in efficiency-primarily based adventurous sports activities, which, in flip, will increase the demand for mountain/trekking e-bikes. Sports and bodily actions have gotten extra adaptable via electrical motors. In many nations, mountain e-bikes should not solely used for mountain trekking but additionally for every day commutation. The essential cause for the rising reputation of mountain e-bikes is their robustness.
The class-I section is anticipated to be the most important section throughout the forecast interval
Class-I section, by class kind in e-bikes is anticipated to be the most important section throughout the forecast interval as Asia Pacific nations. that are a significant marketplace for e-bikes, akin to China, Japan, South Korea, and Taiwan permit solely Class-I e-bikes. This leads to the Class-I e-bikes occupying the most important market share within the Asia Pacific area.
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Top Segments:-
Electric Bike Market By Class:
1. CLASS-I
2. CLASS-II
3. CLASS-III
Electric Bike Market, By Speed:
1. Up to 25 km/h
2. 25-45 km/h
Electric Market, By Battery Type:
1. Lithium-Ion
2. Lithium-Ion Polymer
3. Lead Acid
4. Others
Electric Bike Market, By Motor Type:
1. Hub
2. Mid
Electric Bike Market, By Mode:
1. Pedal Assist
2. Throttle
Electric Bike Market, By Components:
1. Batteries
2. Electric Motors
3. Frame With Fork
4. Wheels
5. Crank Gears
6. Brake Systems
7. Others
Electric Bike Market, By Usage:
1. Mountain/Trekking
2. City/Urban
3. Cargo
4. Others
Electric Bike Market, By Ownership:
1. Shared
2. Personal
Electric Bike Market, By Region:
1. the Asia Pacific
2. Europe
3. North America
4. Other
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