Electric Bikes Market 2021-2031
New Study Reports ” Electric Bikes Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031″ has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Electric Bikes Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Electric Bikes Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the Electric Bikes market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
Electric bikes are modern means of transportation which use electricity as fuel to propagate. These vehicles come in different types, few of which use both physical as well as electric power to gain momentum. Drivetrain, electric motor and batteries are the main components in electric bikes.
The different types of electric bikes have different capacities. For longer distances, typically electric moped or motorcycles are used, and for shorter distances, generally, pedal assists are used.
Electric bikes have undergone new technological developments in the recent past. High quality material and advanced batteries which have high power and improved life, are few of the many advancements that this market has witnessed. In metropolitan cities of Europe (typically in UK and Germany) and North America (US and Canada) common charging infrastructure for public has been developed. The trend of rental services has taken shape, which is encouraging the use of electric bikes in these regions. There has been significant contribution by the governments of various regions such as in the Asia-Pacific excluding (APEJ) region, to promote the use of electric bikes on a large scale. Several benefits of electric bikes, such as zero emission of harmful gases, eco-friendliness, reduction in greenhouse effect, reduction in tailpipe emissions etc., are supporting the consumption of electric bikes over the globe thus aiding the growth of the global electric bikes market. But certain aspects such as high initial price, less number of charging stations and high costs associated with maintenance of charging stations resulting in high charging prices are limiting the growth of the global electric bikes market.
Persistence Market Research has analyzed the global electric bikes market and has revealed that the global market is likely to project a growth of 4.7% CAGR during the forecast period 2017-2022.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Prodeco Technologies Llc, Samsung SDI Co., Ltd., Mahindra & Mahindra Ltd., Bionx International Corporation, Panasonic Corp, Jiangsu Xinri E-Vehicle Co. Ltd., ., Derby Cycle Holding GmbH, Giant Manufacturing Co., Ltd., Accell Group N.V and Robert Bosch GmbH and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Electric Bikes.
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5 Key Highlights on Global Electric Bikes Market
- Asia-Pacific excluding Japan (APEJ) is a lucrative region and is expected to show high market share by the end of 2022. It is anticipated to grow at steady growth rate throughout the period of forecast. This region has higher potential and several players are setting up manufacturing plants in this region due to easy labor availability and low cost. Moreover, this region has experienced high government support, with the Indian electric bikes market receiving significantly favorable policies. China and India have highly contributed to the growth of the electric bikes market in the APEJ region
- Lithium ion batteries remain the preferred choice for manufacturing electric bikes. This segment is poised to register a CAGR around 5% throughout the period of assessment. The main features favoring the use of lithium ion batteries are their small size and high power delivery. On account of these factors, electric bike manufacturers are likely to shun other battery types in favor of lithium ion.
- Nickel metal hydride batteries account for the largest revenue share in the market. The status quo is likely to remain unchanged during the forecast period. However, nickel metal hydrides will face stiff competition from batteries that are durable and more effective, such as lithium ion.
- In the product type category, the class1: pedal assist segment is expected to lead the global market in terms of high market share. However, this segment is poised to show slow growth rate as compared to speed pedelecs segment in the coming years due to cleaner transportation and less noise
- HMCR remains the largest segment by conversion kits type; however, in the recent past, friction drives have gained traction among end-users. While HMCR will continue to lead in terms of high revenue share, friction drive segment is projected to grow at an impressive CAGR
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Electric Bikes Market Manufacturers
Electric Bikes Market Distributors/Traders/Wholesalers
Electric Bikes Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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View Report Table of Contents, Figures, and Tables
Major Highlights of the Electric Bikes Market Report:
- The Electric Bikes Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Electric Bikes Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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