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On the contrary, the growth of the e-bike market report might be hindered by concerns related to the environmental contamination caused by lead batteries and strict sipping regulations surrounding lithium-ion batteries.
Segmentation
The global e-bike market report has been segmented based on type, battery type, frame material, consumer group, and design.
By type, the e-bike market report has been segmented into pedal assist, throttle control, and others.
By design, the e-bike market report has been segmented into foldable, and non-foldable.
Regional Analysis
Region-wise, the e-bike market report has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
Europe is anticipated to account for an advantageous share of the market over the forecast period. Considerably high adoption of e-bikes in the region along with supportive government regulations is driving the growth of the market. Germany has quite a few numbers of e-bike manufacturers in the region which has led to significant developments in the market.
North America e-bike market report is likely to be driven by high traffic congestion in the large cities of the region. the region is endeavoring to come up with alternative methods of transportation which are environmentally less damaging. High level of awareness regarding e-bikes and the presence of e-bike manufacturers in the region such as Easy Motion electric bikes and Pedego are also key to market growth. Presence of charging infrastructure also acts as a motivating factor. The US is a leading producer of e-bikes.
APAC e-bike market report shows promising prospects over the forecast period. China is among the largest producers of e-bikes in the world. In fact, China has outperformed the US, and the e-bike industry in the region has consolidated considerably in recent years. The enactment of various schemes in the region which support the adoption of electric vehicles is also aiding the growth of the market.
Competitive Landscape
Accell Group, Panasonic, Derby Cycle AG, Jiangsu Xinri E-Vehicle Co. Ltd., Yadea Technology Group Co. Ltd., Pedego, BTS machinery Co., Ltd., Stromer, and Easy Motion Electric Bikes are the key players in the e-bike market report.
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