Electric Bike Market size worth $73.2 billion by 2026 - KBV Research

NEW YORK - March 30, 2021 - PRLog -- According to a new report Global Electric Bike Market, published by KBV research, The Global Electric Bike Market size is expected to reach $73.2 billion by 2026, rising at a market growth of 11.2% CAGR during the forecast period.

Various governments imposed strict regulations regarding the utilization of lead-acid batteries as their chemicals release harmful gases which result in severe environmental issues. Human health could be negatively impacted due to the release of lead in groundwater.

Due to these aspects, the growth of the lead-acid segment would be slowed down during the forecast period. E-bikes in China were in-built with lead-acid batteries. On the other hand, owing to the government norms introduced in April 2019, the Chinese market has switched its preference towards lithium-ion batteries, causing a major hike in demand for lithium-ion batteries in the Asia-Pacific region from 2019.

The Hub Motor market dominated the Global Electric Bike Market by Drive Mechanism in 2019. However, the hub motors are relatively heavier than the mid-drives, which could hinder the efficiency of an electric bike suspension. The vehicle uses both rear & front hub motors according to their application; this would fuel the revenue streams of the hub motor segment in the e-bike market. The Mid-drive market is expected to witness a CAGR of 11.9% during (2020 - 2026).

Full Report: https://www.kbvresearch.com/electric-bike-market/

Global Electric Bike Market Segmentation

By Drive Mechanism

• Hub Motor
• Mid-drive
• Others

By Battery Type

• Lithium ion (Li-ion)
• Lead Acid
• Others

By Product

• Scooter/Motorcycle
• Pedelecs
• Throttle on Demand
• Speed Pedelecs

By Geography

North America

• US
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Singapore
• Taiwan
• Rest of Asia Pacific

LAMEA

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• Accell Group
• Mahindra & Mahindra Limited (Mahindra Group)
• Yamaha Motor Co., Ltd.
• Giant Manufacturing Co. Ltd.
• Jiangsu Xinri E-Vehicle Co., Ltd.
• Derby Cycle AG (Pon Holdings B.V.)
• Fuji-ta Bicycle Co., Ltd.
• Trek Bicycle Corporation
• Tianjin Golden Wheel Group Co., Ltd.
• Wuxi Truckrun Motor Co., Ltd