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The global e-bike market reached a value of US$ 21.6 Billion in 2021.
According to the estimates by IMARC Group, the global e-bike market is expected to exhibit a CAGR of 6.9% during 2022-2027.
The rising environmental concerns towards the increasing air pollution levels have led to the rapid shift from fuel-based vehicles towards electric bikes, thereby driving the growth of the global e-bike market.
Several technological advancements have led to the emergence of hydrogen-powered bikes and Smart E-Bike Monitoring System (SEMS), which represent one of the key trends in the global e-bike market.
Sudden outbreak of the COVID-19 pandemic has led to the implementation of stringent lockdown regulations, across several nations, resulting in the disrupted supply chains and temporary closure of numerous manufacturing units for e-bikes.
On the basis of the mode, the market has been classified into throttle and pedal assist, where pedal assist holds the largest market share.
On the basis of the motor type, the market has been classified into hub motor, mid drive and others, where hub motor exhibits a clear dominance in the market.
On the basis of the battery type, the market has been classified into lead acid, lithium ion, nickel-metal hydride (NiMH), and others. Lead acid currently accounts for the majority of the total market share.
On the basis of the class, the market has been categorized into class I, II and III, where class I exhibits a clear dominance in the market.
On the basis of the design, the market has been classified into foldable and non-foldable, where non-foldable e-bikes account for the largest market share.
On the basis of the application, the market has been classified into mountain/trekking bikes, city/urban, cargo, and others. At present, city/urban exhibits a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
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