With demand for convenient, safe, and cost-effective alternatives for public transportation, the electric bikes market is bound to grow irrevocably in the years to come. Persistence Market Research has walked through these facets with next course of action in its latest market study entitled “Electric Bikes Market”.
Electric Bikes Market Classification
The global electric bikes market, by product type, spans class 1: pedal assist, class 2: throttle on demand, class 3: speed pedelec, and class 4: moped or motorcycle. By battery type, it’s LiFePO4 (Lithium iron phosphate), Li ion (Lithium Ion), NiMH (Nickel Metal Hydride), LiPo (Lithium Polymer), Li2TiO3 (Lithium Titanate), and likewise. By type of conversion kits, it’s hub motor conversion kits, mid drive conversion kits, all-in-one wheel kits, and friction drive. Persistence Market Research has etched these findings with probable calls to action in its latest market study entitled “Electric Bikes Market”.
North America holds the largest market share. NABSA says that bike-share systems that deploy electric bikes did increase to 44% in 2020 from 28%. Regions like San Francisco, New York, Washington D.C. are into adding dedicated lanes regarding two-wheelers. Europe stands second on this count. As per Heinrich-Boll-Stiftung European Union’s 2nd edition of European Mobility Atlas released in July 2021, e-bike manufacturers are found to be active in 23 (out of 27) EU member countries.
The Asia-Pacific is expected to grow at the fastest rate in the electric bikes market due to sternness of emission regulations with respect to gasoline motorcycles. Persistence Market Research has, along with its analysts and consultants, has mentioned about these facts with insights in its latest market study entitled “Electric Bikes Market”.
Persistence Market Research has profiled the key participants in electric bikes market as Robert Bosch GmbH, Accell Group N.V., Giant Manufacturing Co., Ltd., Derby Cycle Holding GmbH, Jiangsu Xinri e-Vehicle Co. Ltd., Panasonic Corp., Bionx International Corporation, Mahindra & Mahindra Ltd., Samsung SDI Co., Ltd., and Prodeco Technologies LLC, and likewise.
Persistence Market Research has also entailed the latest developments on this count. For instance – Giant Bicycles, in January 2022, collaborated with Team BikeExchange-Jayco. This is bound to make a beeline to the world’s leading cycling brand make a comeback to professional road racing at UCI World Tour Level. Pedego, in July 2021, did come up with a novel facility in Bethesda (Maryland), which facilitates range of electric bike rentals, sales, accessories, and services.
Furthermore, Trek Bicycle Corporation, in April 2022, completed acquisition of David’s World Cycle, so as to expand its dealer network. Merida Industries Co., Ltd., in February 2022, strategically partnered with Team Bahrain Victorious as one of the official bicycle suppliers and technical partners. AIMA Technology, in January 2022, partnered with Juiced Bikes for providing high-quality products to the latter.
Yamaha Motor Company, in October 2021, entered into joint venture with none other than Hero Motors for developing an e-cycle drive unit. Pon. Nike, in October 2021, went with acquisition of Dorel Sports division (of Dorel Industries) as part of strategy of building portfolio of various premium e-bikes.
The global electric bikes market is slated to grow atrociously in the next 10 years – Persistence Market Research