Global Electric Bikes Market Trends And Strategies Of Major Players In The Electric Bikes Market 2021-2030

2 Nov, 2021

The electric bikes market consists of sales of electric bikes and related services for transportation purposes. The electric bike has an integrated electric motor, pedals and rechargeable batteries for forwarding propulsion. Rechargeable batteries vary according to the voltage, total charge capacity (amp hours), weight. Depending upon motor and rechargeable battery used in E-bikes its prices vary accordingly.

Global Electric Bikes Market Size And Drivers:

The global electric bikes market is expected grow from $18.46 billion in 2020 to $19.91 billion in 2021 at a compound annual growth rate (CAGR) of 7.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global electric bikes market is expected to reach $26.30 billion in 2025 at a CAGR of 7%. Government subsidy on the sale of electric bikes (E-bike) is acting as a major growth driver for the E-bike market.

Request For A Sample For The Global Electric Bikes Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3078&type=smp

Trends In The Global Electric Bikes Market

The companies operating in the electric bike market have started implementing artificial intelligence to increase the efficiency of electric bikes. Artificial intelligence is being used to provide features such as swipe start, geotagging, real-time battery checking and antitheft features. Following the trend, in 2019, Revolt launched its RV 400 electric bike in India equipped with AI capabilities. The bike when charged for 4 hours can travel up to a distance of 156km.It allows connectivity with android and IOS phones to enable the user to check the range, total riding hours and real-time diagnostics. Thus, the major players in the industry are investing towards the trend of implementing AI in e-bikes.

Global Electric Bikes Market Segments:
The global electric bikes market is further segmented –
By Product Type: Pedal Assist/Pedicels, Power on Demand, Pedal Assist with Power on Demand
By Battery Type: Li-ion, Lead Acid, Others
By Motor Type: Hub Motor, Mid Motor, Others
By Geography: The global electric bikes market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global Electric Bikes Market At:

https://www.thebusinessresearchcompany.com/report/electric-bikes-market-global-report-2020-30-covid-19-growth-and-change

Electric Bikes Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides electric bikes market overviews, analyzes and forecasts market size and growth for the global electric bikes market, electric bikes market share, electric bikes market players, electric bikes market segments and geographies, electric bikes market’s leading competitors’ revenues, profiles and market shares. The electric bikes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.