E-bike Market Size, Regional Developments, Value Chain Analysis, Top Countries, Growth Drivers, Emerging Trends, Industry Share Forecast 2028
The report includes a key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.
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The growing interest in the bicycle’s role in Western urban transport systems. Combining more bicycle-friendly cities with rapid advances in technology has resulted in a dramatic increase in the purchase and use of e-bikes. Improved battery and motor technology, component modularity, as well as economies of scale improvements have meant e-bikes can now travel longer distances, are faster, and are more affordable than ever. A key benefit of e-bikes is that they can maintain speed with less effort. This helps to overcome some of the most commonly cited barriers to traditional bike riding. Bicycle riders suggest that the increased speed and reduced physical exertion are motivating factors for e-bike purchase, allowing riders to arrive at their destination in a comfortable state. The growing acceptance of bike-sharing services is expected to create new opportunities for the global E-bike market during the forecasted period.
The global market for the E-bike market is segmented based on parameters such as battery type, motor type, class, mode, and geography. Based on battery type, the lithium-ion segment dominates the E-bike market heavily and is expected to dominate the market in the forecast period from 2019 - 2027. On the basis of motor type, the hub motor segment led the market in 2018 with a maximum market share and is expected to continue its dominance during the forecast period. Further, based on class, the class II segment led the market with the maximum market share. Furthermore, on the basis of mode, the throttle mode segment led the market with the highest market share in the year 2018. Key players operating in the market are partnering with the small as well as large and other companies which are helping them to gain customer traction. The major companies offering the E-bike market include Haibike, Aventon Bikes, Giant Bicycles, Merida Industry Co., Ltd., Pedego Electric Bikes, Robert Bosch GmbH, Specialized Bicycle Components, Inc., Shimano Inc., Trek Bicycle Corporation, and Yamaha Motor Co., Ltd among others. Many firms are focusing on investing hugely for battery chemistries and enhancing its capabilities and expanding its footprint in various geographies, which is facilitating the market to propel over the years.
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The report segments the global E-bike market as follows:
Global E-bike Market - By Battery Type
- Lithium-Ion
- Lithium-Ion Polymer
- Lead Acid
Global E-bike Market - By Motor Type
- Hub Motor
- Mid Motor
Global E-bike Market - By Class Type
- Class I
- Class II
- Class III
Global E-bike Market - By Mode
- Pedal Assist Mode
- Throttle Mode
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