Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on electric bikes market provides in-depth analysis of
segments and sub-segments in global as well as regional electric bikes. The
study also highlights the impact of drivers, restraints and macro indicators on
the global and regional electric bikes market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of global electric bikes. According to the report the global electric
bikes market is projected to grow at a CAGR of 4.5% over the forecast period of
2018-2024.
Electric bikes, also called E-bikes, are a special type of bikes that are driven or propelled by rechargeable
batteries. Electric bikes are similar to regular bikes with slight
modification. It primarily contains three important components: motor, battery,
and drivetrain. Electric bikes are driven by employing a different type of 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 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
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 bikes market during
the forecast period. However, the high cost of an electric bike, lack of
awareness among consumers about electric bikes, its efficiency compared to
conventional bikes are hindering the growth of the electric bikes market.
Everyday fossils fuel price is
increasing, which is forcing the consumers to switch to the cheaper alternative
for commuting purpose. In recent time there is high growth in the price of
petroleum-based fuel, which is making driving a costly affair. But, electric
bikes only consume electricity, and electricity is available through several
medium as hydro, air, thermal energy, and convention coal-based. Electricity is
cheaper than fossils fuel. Hence, now people are preferring electric bikes
instead of conventional motorbikes. As per one study of new brain monitoring,
scientists found that Electric vehicles reduce stress for drivers. This study
found that drivers are more focused, calmer, and happier when driving the
electric version of the taxi, compared to a conventional taxi. Additionally,
growing awareness about the health benefits of driving electric bikes/vehicles
are helping to grow this market. An electric vehicle has far fewer moving parts
than a conventional gasoline-powered vehicle. There’s no need for liquid fuels
or oil changes. Hence, no polluting elements are released during the
application of electric bike. It is environmentally friendly, which help to
protect the environment from several toxic elements as carbon monoxide(CO),
Sulfur etc.
North America is leading the
E-bikes 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 bikes 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 bikes market in China.
The report on global electric
bikes market covers segments such as product type, drive mechanism, and battery
type. On the basis of product type, the global electric bikes market is
categorized into pedelec, throttle on demand and scooter or motorcycle. On the
basis of the drive mechanism, the global electric bikes market is categorized
into hub motor, mid-drive, and other drive mechanisms. On the basis of battery
type, the global electric bikes market is categorized into lead acid, lithium
(Li-ion), nickel metal hydride (NiMH) and others.
The report provides profiles of
the companies in the global electric bikes market such as 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, and Tianjin
Golden Wheel Group Co., Ltd.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the global electric bikes. Moreover, IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of electric bikes. Moreover, the study highlights current market
trends and provides forecast from 2018-2024. We also have highlighted future trends
in the electric bikes market that will impact the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the electric bikes market to
understand the present and future trends in this market and formulate their
strategies accordingly.
Please Choose One of them.