Worldwide e-Bike Industry to 2027 - Featuring Bafang, BH Bikes and BMZ GmbH Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global e-Bike Market by Class (Class-I, II, III), Battery (Li-Ion, Li-Ion Polymer, Lead Acid, Other), Motor (Mid, Hub), Mode (Throttle, Pedal Assist), Usage (Mountain/Trekking, City/Urban, Cargo), Speed (&lessThan;25, 25-45 kmph) and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global e-bike market is projected to grow to USD 70 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 market.

Class-III e-Bike is estimated to be the fastest-growing e-Bike market globally

Class-III e-bikes have a potential solution for car replacement to avoid traffic and reduce emissions. Therefore, the market for Class-III e-bikes is expected to grow during the forecast period. Class-III e-bikes currently don't have in the Asia Pacific region. Whereas, in Europe, Switzerland is the largest market for Class-III e-bikes, followed by Belgium and Italy. The North American region presently has a limited penetration of Class-III e-bikes, with only six states authorizing their operation. Also, Class-III e-bikes in both Europe and North America have a minimum age restriction of 16 years.

Folding and fat-tire e-Bike is estimated to be the fastest-growing e-Bike market globally

Folding e-Bike is becoming a popular choice among almost urban commuters. Major conventional bicycle manufacturers are also launching their e-bike with the latest technology and innovative design in the Indian market. For instance, in the 2020 Auto Expo, Hero Cycle its e-bikes lineup, which includes a folding bike (Easy Step, a straphanger), and an electric fat bike (Essentia). Presently, the market for folding and fat-tire e-Bikes is limited in Asia Pacific, Europe, and North America. However, we expect the market for folding and fat-tire e-Bike to be the fastest-growing e-Bike market globally over the forecast period.

North America is expected to be the fastest-growing market globally

Currently, the North American region has a minimal presence of e-bike manufacturers, resulting in a limited market for e-bikes. However, public awareness about e-bikes and the involvement/ interest of traditional bicycle brands towards e-Bike has created a buzz about e-bikes in the market. Pedego Electric Bikes and Trek Bicycle Corporation are the major manufacturers of e-bikes in North America. Therefore, over the forecast period, North America is expected to be the fastest-growing market.

Market Dynamics

Drivers

• Positive Impact of COVID-19 on e-Bike Sales Globally
• Government Support & Initiatives to Increase the Sale of e-Bikes
• Growing Popularity of e-MTB

Restraints

• International Trade Policies and Regulations
• Government Regulations and Lack of Infrastructure

Opportunities

• Trend Towards Connected e-Bikes

Challenges

• Technology Challenges
• High Cost of e-Bike

Companies Mentioned

• Accell Group N.V.
• Aima Technology Group Co. Ltd.
• Bafang
• BH Bikes
• BMZ GmbH
• Bosch
• Brompton Bicycle Ltd.
• Brose Fahrzeugteile
• Electric Bike Company
• Giant Manufacturing Co. Ltd.
• Hero Lectro E-Cycles
• Johnson Matthey Battery Systems
• Merida Industry Co. Ltd
• Panasonic Corporation
• Pedego Electric Bikes
• Pon.Bike
• Promovec A/S
• Rad Power Bikes LLC
• Riese & Muller GmbH
• Samsung SDI Co. Ltd.
• Shimano
• Specialized Bicycle Components, Inc.
• Trek Bicycle Corporation
• Vanmoof
• Wuxi Truckrun Motor Co.
• Yadea Group Holdings Ltd.
• Yamaha Motor Company

For more information about this report visit https://www.researchandmarkets.com/r/n9xhr1