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The global e-bikes market size is estimated to surpass $50 billion by 2027. With the growing popularity of cycling as a sport, the global e-bikes market outlook appears favorable over the next five years. As individuals have adopted a hybrid work model, they are increasingly investing in these transport solutions for staying fit and healthy. Americans particularly bought about half a billion units during the COVID-19 pandemic. Strong R&D developments in lithium-ion batteries is one of the foremost drivers of the industry growth.
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With an increased preference for addition of e-bikes to personal transportation mix, the bike-as-a-service model is becoming mainstream, especially across the corporate sector. In Italy, Pirelli, an e-bike rental, is empowering employees to avail of this transport option. The CYCL-e rental e-bikes program is subscription-based and offers pedal-assisted electric bicycles for both recreational and workplace use. Several regional companies will provide this facility to their work force as part of their employee welfare schemes over the next few years.
In March 2022, Yamaha announced that it will release two electric mopeds, three e-bikes, and a speed pedelec as part of its new plan involving urban electric vehicles. An electric gravel bike, an e-MTB, and an urban e-bike will cater to the needs of the European market with 125cc - and 50cc- models underway. According to the company, the company will release multiple innovative models through the course of the year, including a new ‘aqua’ color, specific to the product range.
Since the COVID-19 pandemic, numerous individuals invested in e-bikes as they preferred to enjoy fresh air on short rides in and around their towns and cities. Results of a survey reveal that individuals were twice as likely to cycle when they owned an e-bike in comparison to those who rented these vehicles. The health benefits of these units were clearly a top reason why product sales had been spiraling, especially across the e-commerce platforms. Reduction of car trips also meant that people were saving more money.
Several companies in the Europe e-bikes market are delivering latest models to local e-bike service providers. Customers can rent an e-bike at the click of a button on their smartphone apps. Recently, in March 2022, Ireland-based micro-mobility operator Zipp announced the launch of its shared e-bike service in Dublin.
The pilot scheme will be conducted in collaboration with Dún Laoghaire-Rathdown County Council. This move marks the company’s premier micro-mobility operation in the nation. As the e-bike fleets have been scaling up, the company is planning to extend its service availability across Cork, Kildare, Limerick, Waterford, and Galway as well.
Pedego, Inc., Aventon, Van Moof, Electric Bike Technologies, Inc., Trek Bicycles, Alta Cycling Group, and Giant Manufacturing Co., Ltd, are some top e-bike manufacturers in the international market landscape.
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Some Point from Table of Contents:
Chapter 5 E-bikes Market, By Product
5.1 Key trends, by product
5.2 Cargo Bike
5.2.1 Market estimates and forecast, 2017 – 2027
5.3 Trekking Bike
5.3.1 e-bikes market estimates and forecast, 2017 – 2027
5.4 City/Urban Bike
5.4.1 Market estimates and forecast, 2017 – 2027
Chapter 6 E-bikes Market, By Battery
6.1 Key trends, by platform height
6.2 SLA
6.2.1 Market estimates and forecast, 2017 – 2027
6.3 Lithium-Ion
6.3.1 Market estimates and forecast, 2017 – 2027
6.4 Nimh
6.4.1 Market estimates and forecast, 2017 – 2027
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