Market Survey: Global E-bike Market is expected to grow at a CAGR of 15% during the forecast period of(2020 - 2023)

E-bike Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The E-bike market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

E-bike Market report is anticipated to register a CAGR of 15% over a five years forecast period (2020 – 2023).”

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List of Major Key players operating in the Global E-bike Market are –

  • Trek
  • Cannondale
  • Pedego Electric Bikes
  • BH Bikes
  • Kalkhoff
  • M1 Sporttechnik
  • Panther International
  • Yamaha Motor
  • Sony
  • BMZ GmbH
  • Panasonic
  • Samsung
  • LG
  • Bosch GmbH
  • Shinamo Steps

E-bike commonly known, as electric bicycle is a bike, which has an integrated electric motor aligned to the pedals of the bicycle, which supplies the differential force used for forward movement of the bicycle. The electric bikes majorly use Li-ion chargeable battery and they have a range of maximum 99.4 miles (160 km) in one single charge. These bicycles are available with battery type of either 8, 12 or 18-amp hour batteries

The global e-bike market is witnessing a high demand growth, especially from the European region, as the sales have registered a CAGR of more than 15%, in few countries during the last few years. Netherlands has been dominating the European market followed by Austria and Denmark. Portugal is expected to become a major production center in Europe, as the country is able to meet the demand for supply chain flexibility and increased speed to market.

Asia-Pacific Dominating Region in the Market

APAC is expected to remain the market leader during the forecast period too despite the ban on the use of e-bikes in major cities of China. There has been a decrease in the demand for e-bikes after the ban and the growth rate dropped down to less 5% from 2016 to 2017 and only 15 million e-bikes are expected to be sold in the country by the end of 2020. In 2017, the Japanese market for electric bikes was worth an estimated USD 103 million, with Panasonic Corp., Yamaha Motor Co. Ltd. and Bridgestone Corp., producing the bulk of the nearly 600,000 electric bikes sold last year. APAC is followed by Europe and North America in terms of market share.

Pedelec the Upcoming Future

With the advancements in the technology, the manufacturers are focusing towards enhancing the user interface, by designing and developing Pedelecs (is a bicycle where the rider's pedaling is assisted by a small electric motor), which can integrate with the rider’s smartphones and provide them real time information of their speed and battery status of the Pedelecs. These pedal assisted bikes are expensive in nature and their major cost stems from the motors and battery installed in them. As a result, the manufacturers are expected to focus on reducing the cost of the motors and batteries during the forecast period to achieve volume sale.

Consumer demographics and lifestyle preference towards recreational and adventure activities are expected to drive this market. Pedelec manufacturers are anticipated to focus on new product development to cater to upcoming new consumer segments during the forecast period.

The market study on global E-bikes is segmented into less Pedal Assist (Pedelecs and small e-bikes) and power on demand (includes speed e-bikes) based on type of propulsion, and City/Urban, Trekking, MTB, Cargo, and Speed E-ikes based on use. This study covers all the major countries of North America, Europe, and APAC.

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Scope of the Report:

The report analyses E-bike market, which includes –

  • Analysis of the growth of E-bike market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides E-bike market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level E-bike market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on E-bike market are discussed.
  • The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of E-bike Market Report:

  • Varying dynamics of the E-bike industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
  • E-bike market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • E-bike market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase E-bike Market Report:

  • The report analyses how stringent emission control norms will drive the global E-bike market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major E-bike market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of E-bike:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023

Look into Table of Content of E-bike Market Report @ https://www.360marketupdates.com/TOC/12886673#TOC

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