North America Electric Bike (E-Bike) Market to Grow at a Surprising CAGR by 2029, Size, Share, Trend

Author : ajay londhe | Published On : 16 Nov 2023

for the market that are obtained with the help of SWOT analysis, and also shows all the recent developments, product launches, joint ventures, mergers, and acquisitions by the several key players and brands with their systemic company profiles that are driving the market.  This industry report gives broader perspective of the market place with its all-inclusive market insights and analysis. A considerate knowledge about THIS industry, market trends, and incredible techniques provided in the universal North America Electric Bike (E-Bike) Market document bestows an upper hand in the market.

In the top notch North America Electric Bike (E-Bike) Market research report, company snapshot, geographical presence, product portfolio, and recent developments are taken into account for studying the company profiles. The transformation in market landscape is analysed in the industry report which is mainly observed due to the moves of key players or brands which include developments, product launches, joint ventures, mergers and acquisitions that in turn change the view of the global face of the industry. While analysing market data, company snapshot, geographical presence, product portfolio, and recent developments are taken into account for studying the company profiles.

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North America Electric Bike (E-Bike) Market was valued at USD 2631.44 million in 2021 and is expected to reach USD 6523.78 million by 2029, registering a CAGR of 11.00% during the forecast period of 2022-2029.

Key Players Mentioned in the North America Electric Bike (E-Bike) Market Research Report:

Accell Group (Netherlands), Derby Cycle (Germany), JIANGSU XINRI E-VEHICLE CO.,LTD. (China), Karbon Kinetics Ltd (UK), ITALJET SPA (Italy), Riese & Müller GmbH (Germany), M1-Sporttechnik (Germany), F.I.V. E. Bianchi S.p.A. (Italy), Kawasaki Motors Corp., U.S.A. (US), WUXI YADEA EXPORT-IMPORT CO.,LTD. (China), Giant Bicycles (Taiwan), Trek Bicycle Corporation (US), myStromer AG (Switzerland) and Specialized Bicycle Components, Inc.(US), among others

The comprehensive industry research on " North America Electric Bike (E-Bike) Market " published by Data Bridge Market research includes growth analysis, regional marketing, challenges, opportunities, and drivers analyzed in the report. The credible Global North America Electric Bike (E-Bike) market offers actionable market insights with which businesses can make out sustainable and lucrative strategies. Not to mention, the report analyses the general market conditions such as product price, profit, capacity, production, supply, demand, and market growth rate which supports businesses in deciding upon several strategies. Porter's Five Forces analysis has been performed while formulating this market document along with many other standard steps of researching, analyzing, and collecting data. Additionally, key players, major collaborations, mergers, acquisitions, trending innovations,s and business policies are also re-evaluated in the North America Electric Bike (E-Bike) market report. It becomes easy to figure out brand awareness and insight about the brand and product among potential customers.

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North America Electric Bike (E-Bike) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Government Initiatives

The rise in the government initiatives to encourage the use of electric bikes acts as one of the major factor driving the growth of electric bike (e-bike) market. These bikes are being considered an eco-friendly and efficient solution for commute.

Consumer Inclination towards Electric bikes

The rise in consumer inclination towards electric or e-bikes accelerate the market growth. These bikes are widely adopted as they are smaller in size, provide health benefits and offers higher speed with lesser effort.

Tourism Sector

Additionally, surge in investments, expansion of the automotive sector and increased disposable income positively affect the electric bike (e-bike) market.

The expansion of tourism sector in the region further influence the market. The rise in number of tourists and congestion caused by the number escalate the demand for electric bikes.

Opportunities

Furthermore, development of lightweight electrical energy storage systems extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, trend towards connected e-bikes will further escalate the growth of e-bike market.

Based on North America Electric Bike (E-Bike) Market Segmentations

Battery Type

Lithium-Ion

Lithium-Ion Polymer

Nickel Metal Hydride

Lead Acid

Sealed Lead Acid

Others

Hub Motor Location

Mid Drive Hub Motor

Rear Hub Motor

Front Hub Motor

Mode

Pedal Assist

Throttle

Battery Power

Under 750 W

Over 750 W

Class

Class I (Pedal Assist/Pedelec)

Class II (Throttle)

Class III (Speed Pedelec)

Usage

City/Urban

Cruise

Mountain/Trekking Bikes

Racing, Cargo

Others

 

Global  North America Electric Bike (E-Bike) Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2022-2029):
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America (Brazil, Argentina and Colombia etc.)
Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)

 

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North America Electric Bike (E-Bike) Market Key Benefits over Global Competitors:

  • The report provides a qualitative and quantitative analysis of the North America Electric Bike (E-Bike) market trends, forecasts, and market size to determine new opportunities.
  • Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
  • Top impacting factors & major investment pockets are highlighted in the research.
  • The major countries in each region are analysed and their revenue contribution is mentioned.
  • The market player positioning segment provides an understanding of the current position of the market players active in the North America Electric Bike (E-Bike)

Table of Contents

  • Part 01: Executive Summary
  • Part 02: Scope of the North America Electric Bike (E-Bike) Market Report
  • Part 03: North America Electric Bike (E-Bike) Market Landscape
  • Part 04: North America Electric Bike (E-Bike) Market Sizing
  • Part 05: North America Electric Bike (E-Bike) Market Segmentation By Product
  • Part 06: Five Forces Analysis
  • Part 07: Customer Landscape
  • Part 08: Geographic Landscape
  • Part 09: Decision Framework
  • Part 10: Drivers and Challenges
  • Part 11: Market Trends
  • Part 12: Vendor Landscape
  • Part 13: Vendor Analysis

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