The Global E-bike Market to Exhibit 10.12% CAGR by 2028 (1)

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The Global E-bike Market to Exhibit 10.12 CAGR
by 2028
Triton Market Research presents the Global E-bike
Market segmented by Product (Throttle on Demand,
Scooters, Motorcycles, Pedelecs), Drive Mechanism
(Mid-drive, Hub Motor), Application (Trekking,
Cargo, City/Urban), Battery (Lead-Acid,
Lithium-Ion), Power (Less than Equal to 250 W,
Above 250 W), and Regional Outlook (North
America, Latin America, Asia-Pacific, Europe,
Middle East and Africa). It further discusses
the Market Summary, Industry Outlook, Key
Insights, Impact of COVID-19, Porters Five
Forces Analysis, Market Attractiveness Index,
Vendor Scorecard, Key Market Strategies, Drivers,
Challenges, Opportunities, Competitive Landscape,
Research Methodology Scope, Global Market Size,
Forecasts Analysis (2022-2028). Triton Market
Researchs report states that the global e-bike
market would expand with 10.12 and 9.97 (by
revenue and volume) of CAGRs during the evaluated
years between 2022 and 2028.
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Electric bikes or e-bikes are often defined as
battery-assisted two-wheelers that offer easy
pedaling. They are considered one of the
eco-friendly modes of transport that aim to
reduce environmental pollution. In this regard,
governments across various countries are
encouraging and incentivizing their adoption.
Moreover, changes in consumer preferences also
show a rising inclination towards e- bikes. These
factors are likely to augment the growth of the
overall e-bike market. However, the cost of
e-bikes is fairly high, which makes it difficult
for potential consumers to buy them. Also, the
distribution of these vehicles in most regions is
not yet fully in circulation due to a shortage of
e-bike retailers. Such issues are affecting the
growth of the e-bike market. Geographically,
Europe is said to have the fastest growth rate in
the global e-bike market in the forecasted years.
In countries such as the Netherlands, bikes
outnumber the residents, which depicts the
regions stronghold over the market. Moreover,
e-bikes serve as an effective solution for
eliminating logistics problems in the region as
they are eco-friendly, space-saving, and work
efficiently in traffic congestions. These factors
accelerate the demand for e-bikes in the European
market. The key companies listed in the e-bike
market are NIU International, Yadea Group
Holdings Ltd, Derby Cycle, Vanmoof, Shimano Inc,
Stromer, Brose Fahrzeugteile SE Co KG, Hero
Electric, Golden Wheel Group, Panasonic
Corporation, Samsung SDI Co Ltd, Riese Müller,
BMZ GmbH, Fuji-ta Bicycle Co Ltd, Vmoto Limited,
Silence Urban Ecomobility, Giant Manufacturing Co
Ltd, Trek Bicycle Corporation, QWIC, Accell
Group, Robert Bosch GmbH, LG Chem, and Jiangsu
Xinri E-Vehicle Co Ltd. The buyers in the market
exercise significant power owing to the
availability of numerous sellers and a wide range
of models. Moreover, they also have an advantage
in terms of purchasing e-bikes directly from
online websites with discounts. Government
policies encouraging the use of e-bikes have
proven beneficial for manufacturers as they are
expanding their presence across the markets in
North America and Europe. Moreover, conventional
bicycle manufacturers also have the opportunity
of entering the e-bike market with fewer capital
requirements.
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