According to a research report titled ‘Global E-Bike Market 2021-2028’, available with Market Study Report, global e-bike market is anticipated to grow at a yearly rate of 9.95% during 2021-2028.
 

As per report findings favorable government policies, and rising environmental awareness among consumers are promoting worldwide e-bike market growth. Furthermore, factors such as flourishing utility in the delivery sector, and extensive use of e-bikes as a substitute vehicle in times when fuel prices are touching sky are also adding traction to industry remuneration.
 

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Despite the lucrative returns, high cost of e-bikes, coupled with problems pertaining to distribution are expected to hamper market growth during the forecast period.
 

Based on product type, worldwide e-bike market is categorized into pedelecs, scooter or motorcycle, and throttle on demand. By drive mechanism, mid-drive, hub-motor, and others are considered in market survey. Considering the application ambit, the industry space are classified into trekking, cargo, and city/urban.
 

On the regional front, Europe is anticipated to account for a significant chunk of global e-bike market share during the forecast period, due to increasing adoption of these bikes for leisure activities as well as a mode of commute. In addition to being eco-friendly, e-bikes have posed as an unexpected solution to the region’s logistics problems.
 

Furthermore, growing inclination towards maintaining physical fitness of consumers has led several European countries to develop advanced infrastructure to support the use of e-bikes, thus augmenting industry demand.
 

Key contenders in global e-bike market are Brose Fahrzeugteile GmbH & Co. KG, Stromer, Accell Group N.V., QWIC, Golden Wheel Group Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Panasonic Corporation, Derby Cycle AG, LG Chem Ltd., Riese & Mueller, Trek Bicycle Corporation, Giant Manufacturing Co. Ltd., BMZ Batterien-Montage-Zentrum GmbH, VanMoof, Shimano Inc., Robert Bosch GmbH, and Tianjin Fuji-Ta Bicycle Co. Ltd.