E-Bike Market Report 2019: Industry Trends, Share, Size, Demand and Business Opportunity by 2024

Global E-Bike Market Research Report and Forecast 2024

Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Report Description Global E-Bike Market Overview:

According to the latest report by IMARC Group, titled “E-Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global e-bike market size reached US$ 19.6 Billion in 2018. An e-bike is a bicycle that consists of electrical components, including motors, batteries and controllers. The electric motor in the bike aids the rider’s pedal-power, which is utilized for propulsion. When the user puts pressure on the pedals of an e-bike, the motor engages and provides a boost to the acceleration. Since it utilizes rechargeable batteries for its functioning and can cover long distances at a single charge, it is not only a cost-effective option but also an environment-friendly means of transportation as compared to other land transports, such as motorcycles and cars.

Global E-Bike Market Trends Growing awareness among the masses regarding the benefits of physical fitness is primarily driving the growth of the market. Lifestyle diseases such as diabetes and obesity are proliferating on the global level on account of lack of physical activities and shifting dietary patterns. Consequently, a majority of the population has turned to cycling as a measure to improve their cardiovascular health, enhance aerobic capacity and combat weight gain issues.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Furthermore, the advent of hydrogen-powered bikes and Smart E-Bike Monitoring System (SEMS) is also expected to favorably impact the market growth. On account of the aforementioned factors, the market is projected to reach a value of US$ 27.8 Billion by 2024, growing at a CAGR of around 6% during 2019-2024.

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Since these bikes rely on pedaling as well as on motors for mobility, they serve as an ideal option for beginners and users with health issues. In line with this, these bikes are also gaining widespread popularity among senior citizens, patients suffering from chronic pain and people with disabilities.

Advanced variants with e-assistance services aid people with lower mobility to exercise without adversely affecting their health. Moreover, these bikes utilize rechargeable batteries or solar power to function. Rising awareness regarding the hazardous effects associated with the usage of conventional vehicles has bolstered the uptake of these bikes.

Market Segmentation by Mode • Throttle • Pedal Assist On the basis of the mode, the market is bifurcated into throttle and pedal assist.

Market Segmentation By Motor Type • • •

Hub Motor Mid Drive Others

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Based on the motor type, the market has been divided into hub motor, mid drive and others.

For more information, click here: https://www.imarcgroup.com/e-bike-market Market Segmentation By Battery Type • • • •

Lead Acid Lithium Ion Nickle-Metal Hydride (NiMH) Others

On the basis of the battery type, the market has been categorized into lead acid, lithium ion, nicklemetal hydride (NiMH) and others.

Market Segmentation by Class • • •

Class I Class II Class III

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Based on the class, the market is classified into foldable and non-foldable.

Market Segmentation By Design • •

Foldable Non-Foldable

On the basis of the design, the market is classified into foldable and non-foldable.

Market Segmentation By Application • • • •

Mountain/Trekking Bikes City/Urban Cargo Others

Based on the application, the market has been divided into mountain/trekking bikes, city/urban, cargo and others.

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Report Description Market Segmentation by Region • • • • •

Asia Pacific Europe North America Middle East and Africa Latin America

On the geographical front, the market has been segregated into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • •

Accell BionX Robert Bosch GmbH

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Yamaha Motor Company Derby Cycle Giant Bicycles Klever Mobility Merida Industry Co. Ltd Samsung SDI Co Continental AG Prodecotech LLC Fuji-ta Trek Bicycle Corporation Pedego Electric Bikes Shimano

Browse Related Report Automotive Tappets Market Report: https://www.imarcgroup.com/automotive-tappets-market Automotive Lead-Acid Battery Market: https://www.imarcgroup.com/automotive-lead-acid-battery-market

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