Chicago, Dec. 11, 2022 (GLOBE NEWSWIRE) — e-bike market According to a new report by MarketsandMarkets™, the size is expected to reach $80.6 billion in 2022-2027 from an estimated $49.7 billion, at a CAGR of 10.2% from 2022-2027.
Browse and detailed table of contents “E-Bike Market”
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Scope of the report:
| report attributes | details |
| Market size value in 2022: | $49.7 billion |
| Expected by 2027: | $80.6 billion |
| CAGR: | 10.2% |
| Considered base year: | 2021 |
| Forecast period: | 2022-2027 |
| Biggest Market: | Asia Pacific |
| Covered Region: | Asia Pacific, North America, Europe and RoW |
| Covered segments: | Class, Speed, Battery Type, Motor Type, Usage, Mode, Component, Ownership and Region |
| Covered companies: | Accell Group NV (Netherlands), Pon.Bike (USA), Merida Industry Co. Ltd. (China), Giant Manufacturing Co.,Ltd. (Taiwan) and Yamaha Motor Company (Japan). |
The market is expected to grow due to increasing demand for sustainable mobility solutions, increasing traffic congestion, rising fuel prices and growing interest in cycling as a fitness and leisure activity.
Mountain e-bike segment will see highest annual growth from 2022-2027
Due to the sturdy construction structure, mountain e-bikes have become popular with customers in recent years. The demand for e-mountain bikes is increasing rapidly as consumers look for more recreational opportunities. Interest in performance-oriented adventure sports is growing and mountain e-bikes are proving to be a solution to this consumer need. In many countries, mountain e-bikes are used for mountain tours and the daily commute to work and shopping. Owning mountain e-bikes is also a status symbol as they are more expensive and stylish. These factors are expected to increase consumer preference for eMTBs.
The Class I…
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