Worldwide e-Bike Industry to 2027 – Featuring Bafang, BH Bikes and BMZ GmbH Among Others – ResearchAndMarkets.com Leave a comment


DUBLIN–()–The “Global e-Bike Market by Class (Class-I, II, III), Battery (Li-Ion, Li-Ion Polymer, Lead Acid, Other), Motor (Mid, Hub), Mode (Throttle, Pedal Assist), Usage (Mountain/Trekking, City/Urban, Cargo), Speed (&lessThan;25, 25-45 kmph) and Region – Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.

The global e-bike market is projected to grow to USD 70 billion by 2027 from USD 41.1 billion in 2020, at a CAGR of 7.9%. Government support and initiatives to increase the sale of e-Bike would drive the global e-Bike market.

Class-III e-Bike is estimated to be the fastest-growing e-Bike market globally

Class-III e-bikes have a potential solution for car replacement to avoid traffic and reduce emissions. Therefore, the market for Class-III e-bikes is expected to grow during the forecast period. Class-III e-bikes currently don’t have in the Asia Pacific region. Whereas, in Europe, Switzerland is the largest market for Class-III e-bikes, followed by Belgium and Italy. The North American region presently has a limited penetration of Class-III e-bikes, with only six states authorizing their operation. Also, Class-III e-bikes in both Europe and North America have a minimum age restriction of 16 years.

Folding and fat-tire e-Bike is estimated to be the fastest-growing e-Bike market globally

Folding e-Bike is becoming a popular choice among almost urban commuters. Major conventional bicycle manufacturers are also launching their e-bike with the latest technology and innovative design in the Indian market. For instance, in the 2020 Auto Expo, Hero Cycle its e-bikes lineup, which includes a folding bike (Easy Step, a straphanger), and an electric fat bike (Essentia). Presently, the market for folding and fat-tire e-Bikes is limited in Asia Pacific, Europe, and North America. However, we expect the market for folding and fat-tire e-Bike to be the fastest-growing e-Bike market globally over the forecast period.

North America is expected to be the fastest-growing market globally

Currently, the North American region has a minimal presence of e-bike manufacturers, resulting in a limited market for e-bikes. However, public awareness about e-bikes and the involvement/ interest of traditional bicycle brands towards e-Bike has created a buzz about e-bikes in the market. Pedego Electric Bikes and Trek Bicycle Corporation are the major manufacturers of e-bikes in North America. Therefore, over the forecast period, North America is expected to be the fastest-growing market.

Market Dynamics

Drivers

  • Positive Impact of COVID-19 on e-Bike Sales Globally
  • Government Support & Initiatives to Increase the Sale of e-Bikes
  • Growing Popularity of e-MTB

Restraints

  • International Trade Policies and Regulations
  • Government Regulations and Lack of Infrastructure

Opportunities

  • Trend Towards Connected e-Bikes

Challenges

  • Technology Challenges
  • High Cost of e-Bike

Companies Mentioned

  • Accell Group N.V.
  • Aima Technology Group Co. Ltd.
  • Bafang
  • BH Bikes
  • BMZ GmbH
  • Bosch
  • Brompton Bicycle Ltd.
  • Brose Fahrzeugteile
  • Electric Bike Company
  • Giant Manufacturing Co. Ltd.
  • Hero Lectro E-Cycles
  • Johnson Matthey Battery Systems
  • Merida Industry Co. Ltd
  • Panasonic Corporation
  • Pedego Electric Bikes
  • Pon.Bike
  • Promovec A/S
  • Rad Power Bikes LLC
  • Riese & Muller GmbH
  • Samsung SDI Co. Ltd.
  • Shimano
  • Specialized Bicycle Components, Inc.
  • Trek Bicycle Corporation
  • Vanmoof
  • Wuxi Truckrun Motor Co.
  • Yadea Group Holdings Ltd.
  • Yamaha Motor Company

For more information about this report visit https://www.researchandmarkets.com/r/n9xhr1



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