E-bike Market Insights Industry Growth by 2019

November 12, 2019
488
Consumer Goods and Services

New York City, NY, 12 November, 2019/ 24 Market Reports: The global e-bike market is estimated to reach USD 39.1 billion by 2025 from that of USD 21.4 billion in 2019 at a CAGR of 9.06% during the forecast period of 2018 to 2025. A class-I electric bike is equipped with a motor that provides assistance only when the rider is pedalling and stops providing assistance only when the rider is pedalling and stops assisting when the bicycle reaches 20mph.

Class-I electric bike segment to achieve the largest segment in the market during the forecast period

It is estimated for the class-I electric bike to be the largest segment of the electric bike market during the forecast period. The bike stops assisting when the speed of the bike reaches 20mph and provides assistance only when the rider is pedalling. This bike can be operated on any paved surface. Also, in most of the countries, the class-I electric bikes are compatible with electric bike laws. These factors are influencing the class-I electric bike segment to hold the largest share in the market.

Class-III is considered to be the fastest-growing segment during the forecast period

Class-III electric two-wheeler segment is likely to be the fastest-growing segment of the global e-bike market. Also known as speed pedal-assisted electric bicycle, a class-III electric bike provides assistance only when the rider is pedalling and stops assisting when the bike reaches 28mph.

Due to their higher speed than other two classes, i.e. class-I and class-II the class-III electric bikes are allowed on roads, adjacent bike lanes or private property. In reducing traffic congestion and in replacing cars these electric bikes are expected to be helpful. Hence, it is estimated for this segment to be the fastest-growing one during the forecast period.

Asia Pacific region to achieve the fastest growth in the global market during the forecast period

It is estimated for the Asia Pacific region to register the highest market during the forecast year. The fastest developing economies of the world such as China and India are contributing to the growth of the market in this region. The governments of these countries have taken several initiatives to attract major OEMs to manufacture electric two-wheelers in their domestic markets by recognizing the growth potential of electric two-wheelers. The governments of many countries in the Asia Pacific region are focusing on electric two-wheelers.

The following are the major objectives of the study of the report:

To define, describe, and forecast the global e-bike market on the basis of product, and region.
To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market
To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players
To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the global e-bike market.

Critical Questions which the report answers:

What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
What are the key revenue generating pockets for global e-bike market and their future potential during next decade?
How competitive landscape is evolving in minimally invasive/interventional Cold Rolling Mill industry?