E-bikes or electric bikes have Li-ion chargeable batteries which provide the rider with nearly 100 miles in a charge, making it highly convenient for day to day use. Increasing environmental consciousness and the increasing shift toward the adoption of environmentally responsible vehicle options are expected to contribute significantly to the growth of the global e-bike market. Moreover, increasingly, urban consumers are adopting adventurous activities into their lifestyles, and e-bikes are a huge part of that. Urban consumers have high disposable incomes which have been conducive to market growth in recent years.
Segmentation
MRFR's segmentation of the market 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.
Designs of e-bikes have largely been segmented into foldable, and non-foldable. COVID-19 Impact
Regional Analysis
The European market is expected to make a significant impact on the global e-bike market 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.
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
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