E-Bike: Challenges and Opportunities

Additionally, youth has started adopting the e-bikes market mainly for leisure and recreational activities (mountain trekking) to promote fitness habits. With e-bikes, ease of traveling has increased, and also less strength is applied while pedaling the bicycle has increased the demand in the market. Due to urbanization, the population is rising, and mobility is getting more comfortable with the growing automotive sector. Therefore, pollution caused by the automotive segment has alerted the automotive manufacturer to produce battery-based products. Therefore, e-bikes help in reducing pollution, and with hub motors attach in, and it provides a pleasant ride and experience to the rider.

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The global E-bikes market predicted to grow with a noteworthy rate during the forecast period 2020-2027, owing to the surge in adoption of the electric vehicle approaches from the fuel vehicle approach. The global E-bikes market will bolster by the growth in demand because of the youth focusing on a fitness regime, sports, fully integrated battery vehicle, and appealing design. These growth drivers are the reason for witnessing higher demand mainly across the globe.

Moreover, increasing environmental concern and reduce pollution pooling of vehicles is the new trend in the market. Therefore, sectors like logistics and e-bike rental services are expected to drive the e-bikes market. Additionally, the government in many regions is very keen on investing huge amounts and started taking the initiative to implement various schemes related to e-bikes. Therefore, e-bikes market demand expected to increase in the forecast period 2020-2027.