E-bike Market by Class, Modes, Battery Type, Motor Type | MarketsandMarkets

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E-bike Market by Class, Modes, Battery Type,
Motor Type MarketsandMarkets
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The global E-Bike Market is projected to grow at
a CAGR of 9.01 during the forecast period, to
reach USD 38.6 billion by 2025 from an estimated
USD 21.1 billion in 2018. Class-I electric bike
is estimated to be the largest segment in the
global market. A class-I electric bike is
equipped with a motor that provides assistance
only when the rider is pedaling and stops
providing assistance when the bicycle reaches 20
mph. Get The PDF Brochure For This Report
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and 42 Figures spread through 147 Pages and
in-depth TOC on "E-bike Market
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lectric-bike-market-110827400.html
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Class-I electric bike is expected to be the
largest segment during the forecast
period Class-I electric bike is anticipated to
be the largest segment of the e-bike market.
Class-I electric bike provides assistance only
when the rider is pedaling and stops providing
assistance when the bicycle reaches 20 mph. This
type of electric bike can operate on any paved
surface. Also, class-I electric bike are
compatible with electric bike laws of most of the
countries. Thus, class-I electric bike are
expected to hold the largest market share during
the forecast period. Class-III segment is
expected to grow at the fastest rate during the
forecast period Class-III electric two wheeler
segment is likely to be the fastest growing
segment of the global market. A class-III
electric bike, which is also known as speed
pedal-assisted electric bicycle, provides
assistance only when the rider is pedaling and
stops providing assistance when the bicycle
reaches 28 mph. These electric bike are allowed
on roads, adjacent bike lanes, or private
property due to their higher speed than the other
two classes, i.e. class-I and class-II. These
electric bike are expected to help replace cars
and reduce traffic congestion. Hence, this
electric bike segment is expected to be the
fastest growing market during the forecast
period. Request Sample Pages of the
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Asia Pacific is expected to account for the
largest market size during the forecast
period The Asia Pacific region is estimated to
be the largest e-bike market by 2025. The region
comprises some of the fastest developing
economies of the world such as China and India.
The governments of these developing economies
have recognized the growth potential of electric
two-wheelers and, hence, have taken several
initiatives to attract major OEMs to manufacture
electric two-wheelers in their domestic markets.
For instance, the Government of India announced
financial support and a scheme called Faster
Adoption and Manufacturing of Hybrid and Electric
Vehicles (FAME). Under the scheme, there is a
subsidy of up to INR 22,000 for electric
scooters/electric bikes. Government promotions
and schemes have led to an increase in sales of
electric two-wheelers over the years. The
governments of many countries in the Asia Pacific
region are focusing on electric two wheelers. For
instance, Chinas electric bikes have gained
popularity in the European market due to their
good quality and technological edge. Dont miss
out on business opportunities in E-bike Market.
Speak to our analyst and gain crucial industry
insights that will help your business grow.
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Key Players The major market players include
Yamaha Motor Corporation (Japan), Giant
Manufacturing Co., Ltd (Taiwan), Accell Group N.V
(Netherlands), Aima Technology Group Co., Ltd
(China), and Yadea Group Holdings Ltd (China).
These companies have strong distribution networks
at the global level. The key strategies adopted
by these companies to sustain their market
position are new product developments,
collaborations, and contracts agreements. For
instance, in October 2016, Giant Bicycle
partnered with financial services player Affirm.
Through the tie-up, Giants shoppers can pay for
their bicycle purchases over time with Affirm.
The company added this payment flexibility to its
website for online buyers. https//www.mar
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