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North America region is expected to grow with the highest CAGR values in the global electric bike market, accounting for a moderate market share, throughout the forecast period.
This is due to higher adoption of e-bikes, stringent emission standards, and higher inclination towards fitness-oriented culture in this region. Asia Pacific dominated the global electric bike market, but this trend is expected to slowly change during the forecast period due to ban of e-bikes in certain regions of China.
New York, July 11, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Electric Bike Market by Product Type, by Conversion Kit, By Battery Type - Global Opportunity Analysis and Industry Forecast, 2022 – 2030" - https://www.reportlinker.com/p06291295/?utm_source=GNW
Moreover, growing fitness trend, presence of key manufacturers, and increasing consumer awareness towards eco-friendly transport solutions are to boost the growth of electric bike market in coming future.
Competitive Landscape
The electric bike market is highly competitive and consists of various market players. Some of the major market players include Accell Group, Trek Bicycle Corporation, Derby Cycle Co. Ltd., Fuji-ta Bicycle Co. Ltd, Jiangsu xinri e-vehicle Co. Ltd., Bionx International Corporation, Mahindra & Mahindra Ltd. (GenZe), Tianjin Golden Wheel Group Co. Ltd., and Prodecotech LLC, among others.
The key players are employing strategies such as product launches, acquisition, and technical collaboration, in-order to gain stronger position in the global electric bike market.
For instance, in January 2020, Nawa Technologies, one of the ruling companies in the global electric bike market, launched its hybrid electric motorcycle, called ‘Nawa Racer’ at the Consumer Electronics Show organized in Las Vegas. The battery-powered e-bike designed to range up-to 300 km, is equipped with Nawa’s ultracapacitor that is 10 times more powerful and 5 times more energy efficient than conventional capacitors.
In February 2020, Toyota Motors, one of the giants in the global electric bike market, announced a collaboration to develop Prismatic batteries for electric vehicles. In this strategic partnership Toyota owns 51% of stake and Panasonic owns 49% of stake. Prismatic batteries offer compact size, reduced footprint and it is a cost-effective alternative to conventional fuel.
In May 2020, Volta, a website that specializes in coverage of e-bikes, reviewed Giant’s electric bike ‘REIGN E+ PRO’ as “trail-crushing long-travel fun with top-shelf componentry.” Giant’s e-bike built with flawless geometry and equipped with sync-drive pro motor, delivers 250 watts and 80Nm torque, assisting the rider to climb-up the steep even in the lowest battery mode.
KEY MARKET SEGMENTS:
• Global Electric Bike market – By Product Type
o Pedelecs
o Throttle on demand
o Scooter & motorcycle
• Global Electric Bike market – By Drive Mechanism
o Hub motor
o Mid drive
o Others
• Global Electric Bike market – By Battery Type
o Lead acid
o Lithium ion
o Nickel-metal hydride (NiMH)
o Others
• Global Electric Bike market –By Geography
o North America
U.S.
Canada
Mexico
o Europe
UK
Germany
France
Italy
Rest of Europe
o Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
o RoW
UAE
Saudi Arabia
South Africa
Brazil
Remaining countries
Read the full report: https://www.reportlinker.com/p06291295/?utm_source=GNW
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