Westford,USA, July 24, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the E-Bike market will attain a value of $138.44 Billion by 2031, with a CAGR of 10.9% over the forecast period (2024-2031). An E-bike is a power-assisted bike integrated with an electric motor. It is one of the fastest-growing technologies in the automotive industry. This bike can be run with less effort than normal bikes.
The E-bike market is driven by changes in consumer preferences toward an efficient and cheaper mode of transportation as compared to traditional vehicles. E-bikes are very popular, especially among urban dwellers, as they are easy to maneuver through traffic jams and cost little to operate. For instance, Cannondale and Stella McCartney debuted a new range of Stella Shared 3x Cannondale-customized bicycles. In addition, increase in the proliferation of technological development drives the market forward. For instance, even when the e-bikes are not connected to a smartphone, data transmission and reception over the cloud are made possible by SIM modules on connected bikes. These motorcycles come equipped with connectivity features including automated emergency calling, social media integration, anti-theft, remote technical assistance, and integrated navigation.
Download a detailed overview:
https://skyquestt.com/sample-request/e-bike-market
Browse in-depth TOC on "E-Bike Market"
· Pages - 242
· Tables - 90
· Figures – 78
E-Bike Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | $60.51 Billion |
| Estimated Value by 2031 | $138.44 Billion |
| Growth Rate | Poised to grow at a CAGR of 10.9% |
| Forecast Period | 2024-2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Class, Speed, Mode, Component, Battery Type, Battery Capacity, Motor Type, Motor Weight, Motor Power, Ownership, Usage, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Report Highlights | Updated financial information/Product portfolio of players |
| Key Market Opportunities | Technological Advancements |
| Key Market Drivers | Rise in consumer preferences, Government support and initiatives |
Lithium-ion Battery Segment Registered the Highest Market Share Due to Enhanced Energy Density
The lithium-ion battery segment is predicted to have the largest market share, at over 60%. This is attributed to factors such as enhanced energy density, power-to-weight ratio, efficient charging, improved lithium-ion battery chemistry, and battery life cycle. Furthermore, there has been notable progress in the technology of lithium-ion batteries, leading to a notable decrease in expenses and an increase in availability. Two important qualities customers consider are their increased dependability and robustness. They don't lose effectiveness even after multiple charging cycles.
Throttle-assisted Segment is Expected to Witness Significant Growth During the Projection Period due to its Advantageous Features
The throttle-assisted segment isestimated to expand at a CAGR of 14.6%. The rise in popularity of throttle-assisted e-bikes, which supply power directly to the motor and eliminate the need for manual pedaling, is responsible for the segment's expansion. Throttle mode offers continuous speed control, which makes it appropriate for short travels with many stops and starts in cities. This market is therefore expected to continue growing quickly as it caters to a wide range of consumer preferences and makes it easier for people to use electric bicycles worldwide. This is due to improvements in battery efficiency in new technologythat hasbeen adjusted to better suit the bikes that use it.
North America was the Largest Shareholder in the Market Due to rise in Consumer Demand for Cargo E-bikes
The e-bike industry's infrastructural growth, traffic congestion, and high fuel prices in urban areas for moving freight are the main causes of the expansion of cargo e-bikes. Cargo e-bikes are far faster and more environmentally friendly than regular vehicles when it comes to moving items and goods across cities. They consume less energy, are less expensive, subsidized, and in certain cases, may even be eligible for tax incentives. Customers continue to have a strong interest in e-bike aftermarket kits and other products connected to environmentally friendly transportation, even though sales are slightly down in 2023. The United States is the greatest market for these goods, which go by the name Micromobility-as-a-Service and are mainly connected to North American businesses like Lime, Bird, and Lyft.
Asia-Pacificis Anticipated to Dominate the Market due to rise in the Popularity Of E-bikes
The region that contributes to the global revenue growth is Asia-Pacific, where growth is predicted to occur at a CAGR of 10% throughout the projection period. E-bikes are becoming more and more popular in Asia and the Pacific than conventional forms of transportation due to their low cost, minimal impact on the environment, and low electricity use. Additionally, the development of pertinent infrastructure and rise in government initiatives to promote bicycles and eco-friendly vehicles are expected to accelerate the expansion of the e-bike market.
Request Free Customization of this report:
https://skyquestt.com/speak-with-analyst/e-bike-market
E-Bike Market Insights
Drivers:
- Rise in environmental concerns
- Government initiatives
- Increase in traffic congestion
Restraints:
- Infrastructure limitations
- Supply chain disruptions
- High upfront costs
Leading players in the E-Bike market:
- Panasonic Corporation (Japan)
- Robert Bosch GmbH (Germany)
- Stromer AG (Switzerland)
- Accell Group N.V. (Netherlands)
- BH Bikes Europe (Spain)
- Giant Bicycles, Inc. (Taiwan)
- Riese & Muller GmbH (Germany)
- Fuji-ta Bicycle Co. Ltd. (China)
- Mahindra & Mahindra Ltd. (India)
- Yamaha Motor Co., Ltd. (Japan)
View Report Summary and Table of Contents (TOC):
https://skyquestt.com/report/e-bike-market
Key Questions Covered in the E-Bike Market Report
- What factors hamper the growth of the market?
- What segments are covered in this report?
- Who are the key players operating in the market?
This report provides the following insights:
Drivers, challenges
- Analysis of key drivers (rise in consumer preferences, government support and initiatives), restraints (supply chain disruptions), opportunities (technological advancements), and challenges (high upfront costs) influencing the growth of the e-bike market
- Market Penetration: Comprehensive information on the product portfolios offered by the top players in the e-bike market
- Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the e-bike market
- Market Development: Comprehensive information on lucrative emerging regions
- Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
- Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
Related Reports:
Electric Vehicle (EV) Charging Infrastructure Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech, and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
