E-bikes refer to bicycles equipped with electric motors for transforming electrical energy into mechanical power to aid pedaling. They consist of rechargeable batteries that require minimum maintenance and give strength to the motor. E-bikes are commercially available in folding, cruiser, urban, mountain, and commuter variants. They assist in reducing the use of fossil fuel-dependent cars with an eco-friendly and effective way of traveling.

Current Trends Shaping the E-Bike Market

The escalating demand for these vehicles, on account of the increasing environmental awareness among consumers, is primarily augmenting the e-bike market. Furthermore, the growing adoption of electric bicycles by logistic companies to travel long distances at higher speeds and deliver packages is also bolstering the market growth. Apart from this, governing agencies of numerous countries are organizing campaigns to encourage the utilization of e-bikes and reduce fossil fuel expenditure, minimize air pollution levels, and enhance air quality, which is positively influencing the global market. Moreover, the incorporation of lithium-ion batteries in electric bicycles for fast charging and optimizing the performance of the vehicle is further catalyzing the market growth.

Besides this, key market players are manufacturing connected electric bicycles integrated with the Internet of Things (IoT) to obstruct and transmit data from the cloud without using a smartphone, which is acting as another significant growth-inducing factor. Additionally, the introduction of innovative product variants, such as hydrogen-powered bicycles and Smart E-Bike Monitoring Systems (SEMSs), is expected to drive the e-bike market in the coming years.

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The report has segmented the market into the following categories:

Mode Insights:

Throttle

Pedal Assist

Motor Type Insights:

Hub Motor

Mid Drive

Others

Battery type Insights:

Lead Acid

Lithium Ion

Nickel-Metal Hydride (NiMH)

Others

Class Insights:

Class I

Class II

Class III

Design Insights:

Foldable

Non-Foldable

Application Insights:

Mountain/Trekking Bikes

City/Urban

Cargo

Others

Market Breakup by Region:

North America

Asia Pacific

Europe

Latin America

Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Accell Group,

BIONX International Corporation,

Robert Bosch GmbH,

Yamaha Motor Group,

Derby Cycle Holding GmbH,

Giant Group,

Kwang Yang Motor Company Ltd,

Merida Centurion Germany GmbH (MCG),

Samsung Electronics Co., Ltd,

Continental AG,

Prodeco Technologies LLC,

Tianjin Fuji-ta Group Co., Ltd,

Trek Bicycle Corporation,

Pedego, Inc,

Shimano, Inc.

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