(I-BusinessNews.Com, November 08, 2019 ) E-bikes, or electric bicycles, are bicycles that are equipped with an electric motor and rechargeable batteries, along with pedals, wheels, drivetrain and steering handlebars. These bikes can either be moved by pedaling or can run on rechargeable batteries. They are widely being adopted owing to their ease of operation and as an economical and eco-friendly alternative to other on-road motored vehicles.
According to the latest report by IMARC Group titled, ÂE-Bike Market Research Report and Forecast 2019-2024Â, the market exhibiting at a CAGR of around 6% during 2019-2024.
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The global market is primarily driven by the growing popularity of cycling as a recreational activity. Growing consciousness regarding the importance of physical fitness among the masses has increased the uptake of bicycles across the globe. In addition to this, users are making a shift from conventional vehicles to eco-friendly variants such as e-bikes that utilize solar power for charging. Furthermore, manufacturers are continually investing in the development of efficient variants, such as hydrogen-powered bikes, which is expected to create a positive outlook for the market. Rising demand for pedelec or pedal-assisted bikes and favorable government initiatives are some of the other factors further influencing the market growth.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/e-bike-market
Key Market Segmentation
Breakup by Mode:
Breakup by Motor Type:
Breakup by Battery Type:
Nickel-Metal Hydride (NiMH)
Breakup by Class:
Breakup by Design:
Breakup by Application:
Breakup by Region:
Middle East and Africa
The report has also examined the competitive landscape of global e-bike market. Some of the major players in the market are Accell, BionX, Robert Bosch GmbH, Yamaha Motor Company, Derby Cycle, Giant Bicycles, Klever Mobility, Merida Industry Co. Ltd, Samsung SDI Co, Continental AG, Prodecotech LLC, Fuji-ta, Trek Bicycle Corporation, Pedego Electric Bikes, Shimano, etc.
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