According to the research report titled ‘GLOBAL E-Bike Market 2021-2028’, available with Market Study Report, global e-bike market is expected to record a CAGR of 9.95% over 2021-2028.
 

As per the findings of report, increasing fuel prices, and government incentives for adoption of e-mobility are the key factors driving global e-bike market growth. Shifting preferences of customers towards electric vehicles and growing usage of these bikes for delivery purposes are significantly adding to the industry progression.
 

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Considering the factors restraining the industry expansion, issues related to the distribution and high cost of e-bikes are acting as challenge.
 

Based on product terrain, worldwide e-bike market is split into scooter/motorcycle, throttle on demand, and pedelecs. As per drive mechanism, the industry is bifurcated into mid-drive, hub motor, and others. Moving on to application spectrum, the market is categorized into cargo, trekking, and city/urban.
 

Elaborating on regional landscape, Middle East & Africa, North America, Asia Pacific, Latin America, and Europe are the key contributors to the overall e-bike market growth. Of these, Europe industry is expected to record substantial growth over the coming years, creditable to citizens opting for e-bikes as a mode of commute and as part of leisure activities.
 

Moreover, e-bikes are expected to outsell traditional bikes in a number of European countries, owing to growing desire among consumers to maintain physical fitness. In addition, e-bike infrastructure has significantly improved in economies such as Italy, France, and Germany among others is boosting the regional market growth.
 

Prominent firms impacting global e-bike market trends are Jiangsu Xinri E-Vehicle Co. Ltd., Fuji-Ta Bicycle Co. Ltd., Trek Bicycle Corporation, QWIC, Derby Cycle AG, Riese & Muller, VanMoof, Shimano Inc., LG Chem Ltd., Robert Bosch GmbH, Stromer, Panasonic Corporation, Accell Group N.V., Brose Fahrzeugteile SE & Co. KG, Golden Wheel Group Co. Ltd., BMZ GmbH, and Giant Manufacturing Co. Ltd.
 

The report offers detailed information of these behemoths with respect to product/services offered, business profiles, and latest developments like mergers, acquisitions, and investments. It also includes the strategies adopted by these players to sustain the competition and market turbulence.