The Global E-Bike Market Value Size Is Expected To Cross $47 B Mark By 2026

Posted January 10, 2022 by dirodi

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We all have seen the growth of the bicycle and e-bikes industry since the COVID outbreak. And, the leading e-bikes manufacturers took the advantage of this moment and started to find out different ways to transform the features in e-bikes to meet user demands. The range of modern and vintage electric bikes has been divided into the type of drive and momentum they carry. The most popular ones in the market today are the e-bikes with pedal-assist, urban e-bikes, cargo e-bikes, mountain e-bikes, and more. This report elucidates the rapidly growing e-bike industry, some common reasons behind its growth, and some new trends that we're going to witness soon in the market sector.

In 2020, the market value of the e-bike industry was recorded to be $23.8 B but considering the recent growth, experts expect it to reach at least $47 billion by 2026.

What factors led to this sudden growth?

The main credit for the growth of e-bike market value should be given to the COVID-19 pandemic. Due to the restrictions imposed by the government, people were trapped in their houses and when they got the chance to get back their fitness, many considered cycling the best option. Also, people refrained from commuting via public transport and used their electric commuter bikes to travel for essential purposes.

As people started seeking ways for making their recreational and adventure activities more interesting, the e-bikes industry leaders made changes in their products. The introduction of cargo e-bikes allowed many parents to commute with their children. Just like that, the batteries were made better to cover long distances and the pedal-assist systems were improved drastically. As public transport was not available, people took the help of e-bikes to commute daily. But, they were also concerned about the environment and kept the scarcity of natural resources in their minds. E-bikes came up as the best solution for this problem as they took care of the environment by being eco-friendly and designed to improve the fitness levels of individuals as well.

Growth according to the region

When it comes to the growth according to the regional segment, Europe dominated the market by taking about 40% of the total share. European countries Germany, Italy, and France contributed mainly to the growth of e-bike market value. Germany is already known for the popularity of e-bikes there, the people use them for sports and leisure also. European e-bike manufacturers were also the first ones to make excellent e-bikes with fully integrated batteries, appealing designs, and efficient motors. The European region was followed by North America to fuel the usage and production of efficient e-bikes.

"Dirodi" is an Australian e-bike manufacturer that provides efficient and gorgeous e-bikes at affordable prices. Their online store includes a range of products that include e-bikes from 500w to 100w, flat tire e-bikes, beach cruiser e-bikes, and more. They are known for the quality of products and the exceptional customer service that they offer to their customers. Visit the website to have a look at the products.

Want to know more?

DiroDi Electric Bikes & Scooters

425 Smith St., Fitzroy, VIC, 3065, Australia

Call Us: 1800571930

Email Us: [email protected]

Visit here:
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Issued By DiroDi Electric Bikes & Scooters
Country Australia
Categories Business
Tags electric bike australia , electric bike sydney , electric bike with throttle , electric bikes melbourne , electric fat bike
Last Updated January 10, 2022