USGovernment-News.Com

USGovernment-News.Com

News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
Press release distribution service
Home : U.S. Government News Search Engine                          

Home > U.S. Government News > Marketplace :
Home: United State Government News
Home | News | Submit Press Release |

Electric Bike Market worth $70.0 billion by 2027

 



(USGovernment-News.Com, January 04, 2021 ) The global Electric Bike Market size is projected to grow to USD 70.0 billion by 2027 from USD 41.1 billion in 2020, at a CAGR of 7.9%.



Government support and initiatives to increase the sale of e-Bike would drive the global e-Bike industry.



Browse in-depth TOC on "E-Bike Market"

133 – Tables

54 – Figures

184 – Pages



The E-Bike Market is dominated by global players and comprises several regional players as well. The key players in the e-Bike industry are Accell Group N.V. (Netherlands), Pon. Bike (US), Merida Industry Co., Ltd. (China), Giant Manufacturing Co., Ltd. (Taiwan), and Yamaha Motor Corporation (Japan).



Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=110827400



The mountain e-Bike segment is estimated to hold the largest share in the E-Bike Market by 2027



Till 2024, the city Electric Bike Market is expected to be the largest, by usage, globally. However, the popularity of mountain e-bikes is increasing due to their robustness and suitability for mountain/trekking as well as commuting for work and shopping. Therefore, from 2025, mountain/trekking bikes' demand is expected to be greater than the city/urban e-bikes.



Cargo and folding electric bikes are expected to be the fastest-growing market segment.



Technological advancements and innovative designs have resulted in the introduction of folding and fat-tire e-bikes, which are visually attractive and appealing. The folding e-bikes are flexible, compact, and lightweight. They can be folded while travelling in metros and subways. Therefore, the market for folding and fat-tire e-bikes is expected to grow at a significant rate.



Request FREE Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=110827400



Asia Pacific: The largest E-Bike Market



In the Asia Pacific, China was the largest market for e-bikes in 2019, followed by Japan, India, South Korea, and Taiwan. The COVID-19 pandemic has boosted the sale of e-bikes in countries such as Japan, India, South Korea, and Taiwan, resulting in a sale increase of 13%, 54%,34%, and 21%, respectively in 2020 compared to 2019. However, China is estimated to witness a decline in e-bike sales in 2020 by ~2% due to new regulations on e-bikes introduced by the government, which will increase their cost. Despite the decline in sales, China is still expected to lead the Asia Pacific E-Bike Market during the forecast period.



MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

newsletter@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

U.S. Governement News: Politics
  • Presidential Elections
  • Democrates
  • Congress
  • House of Representatives
  • President Obama
  • Republican Party
  • Mitt Romney
  • U.S. Senate
  • U.S. Military
  • U.S. Politics
  • Politics Video Feeds

    U.S. Government Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Governing
    Point of Beginning
    Overall Labor Effectiveness (OLE) Achieving a Highly Effective Workforce

    No credit cards, coupons, or promo codes required. Try it today!

    USGovernment-News.Com is a news service of GroupWeb Media LLC