Global Electric Bikes Market - Upcoming Trends, Growth Drivers and Challenges – Forecast to 2026
Summary -
A new market
study, titled “Global Electric Bikes Market Analysis, Trends and
Opportunities 2020 - 2026” has been featured on WiseGuyReports.
This report focuses on
the electric bikes market which is experiencing strong growth. The report gives
a guide to the electric bikes market which will be shaping and changing our
lives over the next ten years and beyond, including the market's response to
the challenge of the global pandemic.
Reasons to Purchase
• Gain a truly global
perspective with the most comprehensive report available on this market
covering 12+ geographies.
• Understand how the
market is being affected by the coronavirus and how it is likely to emerge and
grow as the impact of the virus abates.
• Create regional and
country strategies on the basis of local data and analysis.
• Identify growth
segments for investment.
• Outperform competitors
using forecast data and the drivers and trends shaping the market.
• Understand customers
based on the latest market research findings.
• Benchmark performance
against key competitors.
• Utilize the
relationships between key data sets for superior strategizing.
• Suitable for
supporting your internal and external presentations with reliable high quality
data and analysis
• Report will be updated
with the latest data and delivered to you within 3-5 working days of order.
Description:
Where is the largest and
fastest growing market for the electric bikes? How does the market relate to
the overall economy, demography and other similar markets? What forces will
shape the market going forward? The Electric Bikes market global report from
the Business Research Company answers all these questions and many more.
The report covers market
characteristics, size and growth, segmentation, regional and country
breakdowns, competitive landscape, market shares, trends and strategies for
this market. It traces the market’s historic and forecast market growth by
geography. It places the market within the context of the wider electric bikes
market, and compares it with other markets.
• The market
characteristics section of the report defines and explains the market.
• The market size
section gives the market size ($b) covering both the historic growth of the
market, the impact of the Covid 19 virus and forecasting its recovery.
• Market segmentations
break down market into sub markets.
• The regional and
country breakdowns section gives an analysis of the market in each geography
and the size of the market by geography and compares their historic and
forecast growth. It covers the impact and recovery trajectory of Covid 19 for
all regions, key developed countries and major emerging markets.
• Competitive landscape
gives a description of the competitive nature of the market, market shares, and
a description of the leading companies. Key financial deals which have shaped
the market in recent years are identified.
• The trends and
strategies section highlights the likely future developments in the market and
suggests approaches companies can take to exploit this.
• The electric bikes
market section of the report gives context. It compares the electric bikes
market with other segments of the electric bikes market by size and growth,
historic and forecast. It analyses GDP proportion, expenditure per capita,
electric bikes indicators comparison.
Scope
Markets Covered: 1) By
Product Type: Pedel assist/Pedelecs; Power on Demand; Pedal Assist with Power
on Demand 2) By Battery Type: Li-ion; Lead Acid; Others; 3) By Motor Type: Hub
motor; Mid motor; Others
Companies Mentioned:
Yamaha Motor Corporation; Giant Manufacturing Co., Ltd; Accell Group N.V ; Trek
Bikes; Mahindra & Mahindra Ltd.
Countries: Brazil;
China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA
and Australia
Regions: Asia-Pacific;
Western Europe; Eastern Europe; North America; South America; Middle East;
Africa
Time series: Five years
historic and ten years forecast.
Data: Ratios of market
size and growth to related markets, GDP proportions; per capita expenditure.,
Data segmentations:
country and regional historic and forecast data, market share of competitors,
market segments.
Sourcing and
Referencing: Data and analysis throughout the report is sourced using end
notes.
Major players in the
electric bikes market are Yamaha Motor Corporation, Giant Manufacturing Co.,
Ltd, Accell Group N.V , Trek Bikes, Mahindra & Mahindra Ltd., BionX
International Corporation., JIANGSU XINRI E-VEHICLE CO., LTD., Robert Bosch
GmbH, Derby Cycle Holding GmbH, and Panasonic Corp.
The global electric
bikes market is expected to grow from $18.88 billion in 2019 and to $19.17
billion in 2020 at a growth rate of 1.54%. The slow growth in 2020 is mainly
due to the economic slowdown across countries owing to the COVID-19 outbreak
and the measures to contain it. The market is then expected to grow and reach
$24.52 billion in 2023 at CAGR of 8.56%.
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.
Asia Pacific was the
largest region in the electric bikes market in 2019.
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.
High purchase cost and
maintenance cost of electric bikes (E-bikes) are expected to limit the growth
of the E-bikes market. E-bike has an integrated electric motor and rechargeable
batteries for forwarding propulsion. E-bikes are expensive because of their
battery and motor installed in it. According to eBikesHQ article, E-bikes range
in cost between $600 to over $8000 which is not an affordable option for a lot
of people in developing countries. Moreover, E-bikes average battery
replacement cost is between $350- $450. This increases the overall operating
cost of E-bikes making it hard to be maintained by users. Therefore, high purchase
costs and maintaining the cost of E-bikes are expected to limit the growth of
the E-bikes market.
Government subsidy on
the sale of Electric bikes (E-bike) is acting as a major growth driver for the
E-bike market. E-bike has an integrated electric motor and rechargeable
batteries that reduces pollution by eliminating carbon dioxide emissions in the
environment. Therefore, various government and non-governmental agencies are
augmenting the sales of electric bikes by providing incentives and subsidies on
the purchase of E-bikes. For instance, in 2015 the Indian government announced
an incentive scheme named Faster Adoption and Manufacturing of Hybrid and
Electric Vehicles (FAME). Under the incentive scheme of FAME II, in 2019,
government provides a subsidy of up to INR 10,000 for the purchase of electric
scooters/electric bikes buyer. Thus, government subsidies and incentives are
increasing the growth of the E-bikes market.
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5320569-electric-bikes-global-market-report-2020-30-covid
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