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NOIDA, India, Aug. 9, 2022 /PRNewswire/ — According to a new report published through UnivDatos Markets Insights, the electric motorcycle market is expected to grow at a CAGR of around 10% between 2021 and 2027. Research segmented into Mode (pedal-assisted and accelerator-assisted); Battery type (lithium-ion, lead-acid and others); Application (mountain biking/hiking, city/urban, shipping and others); Region/Country.
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https://univdatos. com/report/e-bike-market-current-analysis-and-forecast-2021-2027/
The report has been added through the collection of informative insights from dynamics such as drivers, restraints, and market opportunities, place, place, place. This cutting-edge report uses various analyses to get a more accurate view of the electric motorcycle market, place, place, place in the global context. of the most recent industry developments and trend points influencing market expansion. In addition, this repository of statistical market studies examines and estimates the global electric motorcycle market at the regional and country level.
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Market Overview
Based on our analysis, global e-bike sales are expected to grow at a CAGR of around 10% to reach US$43. 9 billion by 2027. The increasing integration of cell phones into car phones is a vital development. in the electric bicycle industry. Array Riders can get real-time data on battery status, speed, location, route, and more. Government subsidies and monetary incentives are a key expansion driver for the sector. With more discounts introduced through governments, inspiring citizens to buy electric bikes, for example, the Swedish government’s subsidy program was 25% of the purchase value of an electric bike, up to a total of $1,129, which which resulted in a build in sales of over 50%. This resulted in a total sale of 103,000 sets from September 2017 to August 2018. Electric bicycles are gaining popularity around the world as a versatile, flexible and environmentally friendly means of transportation, especially for short distances. Many other people see electric bikes as a viable option to scooters, private vehicles, and public transportation. The avant-garde nature of electric bicycles, along with their attractive appearance and complex features, are some of the main things that are reinforcing the predictions of the electric bicycle industry in the coming years.
Incidence of COVID-19
The electric motorcycle market has been particularly affected by COVID-19. The global outbreak of the coronavirus pandemic, accompanying measures to eliminate it, and significant supply chain disruptions have affected electric motorcycle market trends to some extent. In most parts of the world, production and sales of electric motorcycles declined in the first quarter of 2020. However, due to the contagious nature of COVID-19, most passengers travel by public transportation. In 2020, government restrictions on public transport due to social distancing measures have increased numbers of other people to use electric motorcycles. As a result of the pandemic, walking and cycling have become more important than ever in 2020. Governments around the world have encouraged others to walk or bike instead of taking congested public transport and have invested in large-scale cycling infrastructure to help them.
The report on the global Electric Bikes market is studied in depth with various facets that would make the stakeholders make their decisions more carefully.
By mode, the market is segmented into lending a pedal with your hand and lending an accelerator with your hand. The pedal segment generated revenues of USD XX billion in 2020. During the projected period, the markets for lending a pedal with the hand are expected to increase significantly. Consumers I love pedal assist mode because it combines the benefits of driving with the convenience of electric assist for longer cruise ships. As a result, pedal assist mode leads the mode segment.
Based on battery type, the market is segmented into lithium-ion, lead-acid, and others. The lithium-ion segment generated revenues of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% over the forecast was to succeed at a market valuation of USD XX million through 2027. One of the main reasons for the expansion in this segment is that those batteries are smaller, durable and have a higher power-to-weight ratio than other batteries.
On the basis of application, the market is segmented into mountain/trekking, city/urban, shipping and other motorcycles. The mountain bike/trekking segment is expected to grow at a CAGR of XX% during the era predicted to succeed in market valuation. As consumers become increasingly interested in recreational and trekking activities, the demand for electric mountain/trekking motorcycles is booming. There is a growing demand for electric mountain/trekking motorcycles as other people are more interested in performance-based adventure activities.
Take a look at the chapters.
The geographical segmentation of the electric bicycle market includes:
North America (United States, Canada, and North America)
Europe (Germany, UK, Italy, France, Spain and Europe)
Asia Pacific (China, India, Australia, Japan and Asia Pacific)
Rest of the world
According to the estimate, during the projection era of 2021-2027, Asia-Pacific is expected to be the largest market. The electric bicycle market in Asia-Pacific is governed by China, which is the largest manufacturer and exporter of electric motorcycles. in the region. Electric motorcycles are increasingly purchased in the region for economical and eco-friendly trips over short distances, such as commuting or commuting to the workplace. In this region, India, Japan and South Korea are potential markets due to the accumulation of sales. of electric motorcycles in those countries.
Key market players include
Yamaha Engine Corporation
Mahindra
Accell Group
Géant Manufacturing Co. , Ltd.
derby cycle
Jiangsu Xinri E-Vehicle Co. , Ltd.
Karbon Kinetics Ltd
Trek Bicycle Corporation
Merida Industry Co.
Riese
Competitive landscape
The degree of festival among leading corporations evolved through the analysis of several key players operating in the global context. The specialized team of research analysts highlights features such as global market festival, market share, latest industry advancements, cutting-edge product launches, partnerships, and mergers. or acquisitions through leading corporations in the global electric bicycle market. The main players have been analyzed using other study methodologies to obtain information about the festival in the market.
Key questions resolved in this analytical market research report include:
What are the latest trends, new models and advancements in the electric bike market?
What points influence the global e-bike market during the forecast period?
What are the challenges, threats and dangers in the Electric Bike market?
What points drive and restrict the market for electric bicycles?
What are the non-easy regions of the Electric Bike market?
What will the market look like in the coming years?
What are the market acquisition methods and policies implemented across companies?
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About UnivData Market Insights (UMI)
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About UnivData Market Insights
UnivDatos Market Insights (UMI) is a passionate market research company and a subsidiary of Universal Data Solutions. By offering insights through market intelligence reports, custom trading studies, and number one studies. Our studies are distributed in topics from all over the world, we The canopy market is located in more than one hundred countries that employ intelligent study techniques and agile methodologies. We offer in-depth studies, detailed analyses and custom-designed reports that help shape winning business methods for our clients.
Contact
UnivData Market InsightsAnkita GuptaDirector OperationsTel: 91-7838604911Email: Ankita. gupta@univdatos. comWebsite: https://univdatos. com/
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