Dublin, Feb. 28, 2022 (GLOBE NEWSWIRE) -- The "E-Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global e-bike market size reached US$ 21.6 billion in 2021. Looking forward, the market is projected to reach US$ 32.4 billion by 2027, exhibiting a CAGR of 6.9% during 2022-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global e-bike market, along with forecasts at the global and regional level from 2022-2027. The report has categorized the market based on mode, motor type, battery type, class, design and application.
Breakup by Mode:
- Throttle
- Pedal Assist
Breakup by Motor Type:
- Hub Motor
- Mid Drive
- Others
Breakup by Battery Type:
- Lead Acid
- Lithium Ion
- Nickel-Metal Hydride (NiMH)
- Others
Breakup by Class:
- Class I
- Class II
- Class III
Breakup by Design:
- Foldable
- Non-Foldable
Breakup by Application:
- Mountain/Trekking Bikes
- City/Urban
- Cargo
- Others
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
Key Questions Answered in this Report
1. What was the global e-bike market size in 2021?
2. What will be the global e-bike market outlook during the forecast period (2022-2027)?
3. What are the global e-bike market drivers?
4. What are the major trends in the global e-bike market?
5. What is the impact of COVID-19 on the global e-bike market?
6. What is the global e-bike market breakup by mode?
7. What is the global e-bike market breakup by motor type?
8. What is the global e-bike market breakup by battery type?
9. What is the global e-bike market breakup by class?
10. What is the global e-bike market breakup by design?
11. What is the global e-bike market breakup by application?
12. What are the major regions in the global e-bike market?
For more information about this report visit https://www.researchandmarkets.com/r/lynk1k
Attachment
