Chinese bicycle exports have soared during the past two years as bicycle demand from overseas consumers has increased for social-distancing and health concerns.
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Global e-bike market size to reach USD 48.46 billion by 2028
The latest business intelligence report on ‘global e-bike market’ deeply explores all critical factors like size, shares, driving forces, restraints, and challenges in accordance with the past, present, and future outlook of this vertical.
Selbyville, Delaware, April 06, 2021 (GLOBE NEWSWIRE) According to expert analysts, worldwide
e-bike market size, valued USD 25.03 billion in 2020, is projected to expand at a CAGR of 9.95% over 2021-2028, and reach a valuation of USD 48.46 billion by the end of the forecast period.
Proceeding, a detailed country-wise evaluation of the key regions, namely Asia Pacific, Europe, North America, Latin America, and Middle East & Africa, is presented in the research document. Further, product type, drive-mechanism, and application are the other key segments included in the report to provide a granular analysis of the overall industry structure. Proceeding further, the research litera
ResearchAndMarkets.com s offering.
According to this report, the global e-bike market is anticipated to progress at a CAGR of 9.95% during the projected period of 2021-2028.
Factors such as government incentives and consumer preference towards e-bikes, are motivating the growth of the studied market during the forecast period. Additionally, the rise in usage of e-bikes for delivery purposes, coupled with e-bikes posing a solution for the rising fuel prices, are likely to offer multiple growth opportunities for the e-bike market.
However, problems pertaining to the distribution and high cost of e-bikes, are significant factors that weigh down the global market s development.
ResearchAndMarkets.com’s offering.
According to this report, the global e-bike market is anticipated to progress at a CAGR of 9.95% during the projected period of 2021-2028.
Factors such as government incentives and consumer preference towards e-bikes, are motivating the growth of the studied market during the forecast period. Additionally, the rise in usage of e-bikes for delivery purposes, coupled with e-bikes posing a solution for the rising fuel prices, are likely to offer multiple growth opportunities for the e-bike market.
However, problems pertaining to the distribution and high cost of e-bikes, are significant factors that weigh down the global market’s development.