According to the business intelligence report titled ‘E-Bikes Market Size By Product (Cargo Bike, Trekking Bike, City/Urban Bike), By Battery (SLA, Lithium-Ion, NiMH), By Motor (Hub Motor, Mid Motor), By Propulsion Type (Peddle-assist, Throttle-assist), By Sales Channel (Online, Offline), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027’, available with MarketStudyReport, global e-bikes market is anticipated to record a healthy growth rate during the forecast period 2021-2027.

Global e-bikes market is mainly driven by government initiatives to promote the adoption of e-mobility, increasing awareness about the health benefits of biking, and reliability of e-bikes as a transportation medium. Rising concerns among commuters pertaining to risk of COVID-19 infection on public transportation have further boosted product sales.

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Notably, e-bikes or electric bikes are bicycles integrate with various electrical components like a motor, controller, and battery to facilitate an effortless biking experience as compared to regular bikes.

Based on product type, the cargo segment is touted to register a CAGR of over 10% during the forecast period, due to rising emphasis of courier companies towards adopting sustainable mobility solutions for package delivery, especially across North America.

Moving to battery segmentation of global e-bikes industry, the SLA sub-segment is anticipated to witness remunerative growth trends through 2027, creditable to low price and widespread availabilities of this battery type.

Considering propulsion type, the throttle-assist segment is expected to gain considerable traction on account of product benefits like easy handing and instant power output.

In terms of motor, the mid motor segment is set to witness strong returns over the analysis period, attributable to various benefits of this motor like faster response and higher torque output.

With respect to sales channel, the online segment is likely to capture considerable industry share over the analysis period. The shift of customers' interest towards online sales platforms can be mainly linked to accessibility to wider selection options and discounts.

From a geographical perspective, Latin America e-bikes market value is anticipated to rise considerably in the forthcoming years due to surging fuel prices and increasing availability of e-bikes on e-commerce platforms in the region.

Major players in the market are Yadea Technology Group Co. Ltd., Trek Bicycles Corp., Dongguan Tailing Electric Vehicle Co. Ltd., Sunra (Jiangsu Xinri E-Vehicle Co. Ltd.), Specialized Bicycle Components Inc., RadPower Bikes LLC, Pon Group, Pedego Electric Bikes, Zhejiang Luyuan Electric Vehicle Co. Ltd., Hero Lectro E-Cycles, Giant Manufacturing Co. Ltd., and Electric Bike Technologies Inc. among others.