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Electric Bikes Market Poised to Grow at a CAGR of 4.5% by 2024


Infinium Global Research has added a new report on Electric Bikes Market. The report presents analysis of global as well as regional markets of electric bikes market over the period of 2016 to 2024. Electric bikes market, also called e-bikes, are a special type of bikes that are driven or propelled by rechargeable batteries. Electric bikes market are similar to regular bikes with slight modification. It primarily contains three important components: motor, battery, and drivetrain. Electric bikes market are driven by employing different type electric motors. The drivetrain provides necessary torque and power for the electric bike, and most of the drivetrain provides flexibility to riders in order to shifts gears according to the road situation.

 

Electric bikes market are gaining popularity among consumers due to growing awareness about environmental awareness, fluctuation of fuel prices, increasing disposable income among consumers, are the factors boosting the electric bike's market. Electric bikes market are becoming a viable transportation option owing to their power, moderate load carrying capacity, long-distance range, and moderate speed. Additionally, increasing government subsidies to manufacturers and a tax incentive to purchasers, continuously rising fuel prices across the globe, and increasing health consciousness among people are driving the electric bike market during the forecast period. However, the high cost of an electric bike, lack of awareness among consumers about electric bikes market, its efficiency compared to conventional bikes are hindering the growth of the electric bike market. 

 

North America is leading the E-Bike market globally, due to the presence of e-bike manufacturing companies in this area, more consumer awareness about environmental degradation, government focus on the environmental protection technique and measures. The Asia Pacific holds a major share and is expected to dominate the global electric bike market during the forecast period. China is a major revenue contributor to the market in the Asia Pacific. Stringent regulations regarding emissions and strong imitative for green transportation drive the electric bike market in China. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global electric bikes market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global electric bikes market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1859

 

The recent report identified that North America dominated the global electric bikes market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the electric bikes market worldwide.

 

The report segments the global electric bikes market on the basis of Product Type, Drive Mechanism and Battery Type.

 

Global Electric bikes market by Product Type

·         Pedelec

·         Throttle On Demand

·         Scooter Or Motorcycle

 

Global Electric bikes market by Drive Mechanism

·         Hub Motor

·         Mid Drive

·         Other Drive Mechanisms

 

Global Electric bikes market by Battery Type

·         Lead Acid

·         Lithiumion (Li-ion)

·         Nickel Metal Hydride (NiMH)

·         Others

 

Companies Profiled in the Report

·         Trek Bicycle Corporation

·         Accell Group

·         Fuji-ta Bicycle Co.,Ltd.

·         Derby Cycle

·         Giant Manufacturing Co., Ltd.

·         Jiangsu xinri e-vehicle co., ltd

·         Mahindra & Mahindra Ltd. (GenZe)

·         Bionx International Corporation

·         Prodecotech, LLC

·         Tianjin Golden Wheel Group Co., Ltd

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.




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