An electric bicycle, also known as an e-bike, is a bicycle with an integrated electric motor, which can be used for propulsion. E-bikes are becoming increasingly popular in cities and over long distances as they offer cyclists additional power and a range of other benefits such as increased convenience and reduced physical effort. The motors used in electric bikes are typically small and lightweight, and typically have between 250 and 500 watts of power.
E-bikes are used for a variety of reasons including recreational riding, commuting, and errands. They are becoming increasingly popular among commuters and recreational cyclists for a number of reasons, including the ability to cover longer distances at a greater speed and with less physical effort than traditional bicycles. eBikes are also seen as an efficient and cost effective form of transportation in urban areas, as they can provide a faster and easier way to get around in crowded cities.
Global sales of e-bikes have been steadily growing in recent years. In 2019, it is estimated that 98 million e-bikes were sold worldwide, representing a 10% increase from the previous year. The majority of e-bikes are sold in China, but other countries such as the Netherlands, US, and Germany are becoming increasingly important markets. As more countries and cities embrace e-bikes as a form of transport, the global market is expected to continue to grow.
The global E-Bike Motors market was valued at US$ 2263.6 million in 2022 and is anticipated to reach US$ 4221.4 million by 2029, witnessing a CAGR of 9.2% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global E-Bike Motors Market available at: https://www.themarketreports.com/report/global-e-bike-motors-market-research-report
This report aims to provide a comprehensive presentation of the global market for E-Bike Motors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding E-Bike Motors.
The major global companies of E-Bike Motors include Bosch, Wuxi Xingwei, Ananda, Xin Da Yang, Sinemotor, Bafang, Shimano, Continental, Panasonic, Dapu Motors, Yamaha, Derby Cycle, TranzX, Brose, TQ-Group, Wuxi Xingwei etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
Ask for more details or sample of this report at: https://www.themarketreports.com/report/ask-your-query/1429472
The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479