E-bike Market Trends, Competitive Dynamics, Size, Global Outlook And Forecast To 2022
Summary
Global E-bike Market Trends, Information- by type (pedal assist, throttle control and others), by battery (lithium ion, sealed lead-acid and other), by frame material (carbon fiber, carbon steel, aluminum, aluminum alloy and others), by consumer group (men, women and children), by design (foldable and non-foldable) and by Region - Forecast to 2022
E-bike Market Trends, Insights
However, the high expense associated with e-bikes is likely to deter demand. Notably, manufacturers are taking this into account and are looking for ways to cut costs without compromising on quality to increase sales during the review period. This is likely to result in market opportunity during the coming years. Additionally, stringent government laws regarding e-bikes are restraining market growth. However, the potential e-bikes offer to relieve traffic in congested cities is expected to offer the market room to grow.
Key Players
MRFR's analysis of the market includes the study of the competition in the market and the strategies that they use. Pedego, Easy Motion Electric Bikes, Stromer, Jiangsu Xinri E-Vehicle Co. Ltd, Panasonic, Yadea Technology Group Co. Ltd, BTS machinery Co., Ltd, Derby Cycle AG, and Accell Group are among the prominent market players that have been included in the report.
Market Segmentation
MRFR's segmentation of the E-bike Market Trends divides it on the basis of type, battery frame material, consumer group, design, and region. Types of e-bikes have been segmented into pedal assist, throttle control, and others.
Battery types used in e-bikes include sealed lead-acid, lithium ion, and others.
Frame material for e-bikes have been segmented into carbon steel, aluminium, aluminium alloy, carbon fiber, and others.
Consumer groups targetted in the market have been segmented into men, women, and children.
Designs of e-bikes have largely been segmented into foldable, and non-foldable.
Regional Analysis
The European market is expected to make a significant impact on the global E-bike Market Trends, due to the high presence of bike riders in the region and the growing adoption of e-bikes by consumers in the region. Europe has highly supportive laws regarding environmentally conscious products and as such are promoting the adoption of e-bikes.
The North American market is also significant due to the high traffic congestion in large cities present in the region. These cities are looking for alternative methods which are convenient and do not add to the existing problem. Moreover, the demand for environmentally conscious modes of transport are increasing sales of e-bikes.
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