Fort Collins, Colorado, Sept. 13, 2023 (GLOBE NEWSWIRE) -- DataHorizzon Research Published a report titled, "E-Fat Bike Market Size, Share, Growth, Trends, Statistics Analysis Report, By Type (Pedal Assist Bikes And Throttle Assist Bikes), By Use (Leisure And Adventure), By Region And Segment Forecasts, 2023-2032."
According to DataHorizzon Research, The E-Fat bike market share is expected to gain traction at a CAGR of 16.2% between 2023 and 2032. E-fat bikes are trending in the population, and with the rise in disposable income, their sales have grown tremendously. Government subsidies on premium electric cycles and bikes and incentive programs have been driving the growth of the cycling industry worldwide.
E-fat bike market growth is projected to attain positive traction in the upcoming years attributed to the rise in fuel costs, huge response for cycling tours in the young population, and shift in consumer perception for daily commute are some of the prominent factors. Moreover, e-commerce platforms and incentives to use e-bikes have been at the forefront.
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Report Snapshot:
| Report Title | E-Fat Bike Market |
| Largest Market | Europe |
| CAGR | 16.2% |
| Forecast Period | 2023 to 2032 |
| Historic Period | 2021 |
| Base Year | 2022 |
| Report Scope & Coverage | Market Size, Market Estimations and Forecasts, Competitor Analysis, Trends, and Growth Factors |
| By Type | Pedal Assist Bikes and Throttle Assist Bikes |
| By Use | Leisure and Adventure |
| By Regions | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. |
| Countries Covered | U.S., Canada, U.K., Germany, France, China, Japan, India, South Korea, Brazil, Mexico, UAE, Saudi Arabia, and South Africa, among others |
| Major Market Players | Jaguar Electric Fat Bike, Waya, Aostirmotor, Huizhou Yeasion Electronics Co. Ltd., Philodo Bikes, Eahora, Gunai, Wallke, Shengmilo, Samebike, HOVSCO, Aventon and others. |
Segmentation Overview:
The global e-fat bike market has been segmented by type, use, and region. Pedal assist e-fat bikes accounted for a significant global market share due to their convenience and durability. E-fat bikes are also used for adventure purposes by the young population as the trend of off-road cycling has gained huge traction in the past few years.
North America is a leading region for E-fat bikes and is projected to witness a huge surge in sales. High demand from online stores, supply-chain dynamics, and easy availability are some of the major growth highlights for the market in North America. Asia Pacific is a fast-growing market and is projected to retain a substantial share in the coming years.
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E-Fat Bike Market Report Highlights:
- The global E-fat bike market is projected to attain a CAGR of 16.2% by 2032.
- The E-fat bike market growth rate is positive in the forthcoming years owing to the substantial investments in the cycling industry.
- Pedal assist bikes have garnered huge attention in the population in the past few years and continue to contribute more in the forthcoming years.
- E-fat bikes are widely used for adventure purposes and are likely to be a prominent choice for long tours and adventures.
- Some of the prominent players in the E-fat bike market report include Jaguar Electric Fat Bike, Waya, Aostirmotor, Huizhou Yeasion Electronics Co. Ltd., Philodo Bikes, Eahora, Gunai, Wallke, Shengmilo, Samebike, HOVSCO, and Aventon.
Key Trends and Developments in the Industry:
- In the U.S. context, E-bikes are trending mainly because of their popularity and ease of availability. Moreover, local authorities in Denver, Colorado, and California incentivize residents to buy e-bikes to encourage cycling as a nationwide adoption. It is projected that many other states will soon follow the league and adopt these policies to curb pollution levels.
- E-fat bikes remained popular for commuting and staying fit in 2020, slightly after the lockdown phase. It was reported that cycling became a huge norm to remain fit amidst the coronavirus pandemic in 2020. Cycling was a silver lining for outdoor activities while continuing with social distancing norms, a source of physical fitness and mobility.
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E-Fat Bike Market Segmentation:
E-Fat Bike Market, By Type (2023-2032)
- Pedal Assist Bikes
- Throttle Assist Bikes
E-Fat Bike Market, By Use (2023-2032)
- Leisure
- Adventure
E-Fat Bike Market, By Region (2023-2032)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
About DataHorizzon Research:
DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
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