According to a recent study titled ‘Electric Bikes/e-Bikes Market Sizes, Share, Trends & Analysis Report, By Product Type; By Drive Mechanism)); By Battery Type; By Region, Segment Forecast, 2018 - 2026’, available with Market Study Report, global electric bikes/e-bikes market is projected to record an y-o-y growth rate of 7.1% during 2018-2026, subsequently accumulating USD 26 billion by the end of the forecast timeframe.
 

Rising environmental awareness among people, government support and stringent regulations to reduce carbon footprint, soaring fuel prices, and technological advancements are the major factors driving global electric bikes/e-bikes market growth, cites the study.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2963773/
 

For the record, bicycles integrated with electric units offer enhanced functionality and benefits like longer distance travel at better speed, lower operational costs, and ability to carry limited additional material/cargo in comparison to its counterparts. Further, motorized assistance in e-bikes eases cycling particularly in situations such as uphill riding is boosting the product adoption. Additionally, these bikes can be utilized to maintain cardiovascular fitness, enhance blood sugar level or in specialized cardiac rehabilitation programs, thereby positively impacting global electric bikes/e-bikes industry outlook.  
 

Based on battery type, lead acid segment is the leading contributor to global e-bikes market remuneration. Low cost, and higher consumer base in China as compared to other battery types are stimulating the segment growth. Meanwhile, lithium ion segment is anticipated to gain considerable traction in the upcoming years, largely attributable to benefits like lower carbon emissions and better performance features.
 

Considering the geographical landscape, global electric bikes/e-bikes market is fragmented into North America (United States, Canada), Europe (Germany, France, United Kingdom, Italy, Belgium), Asia Pacific (Japan, South Korea, China), and Rest of the World. North America and Europe are early adopters of eco-friendly transportation technologies where e-bikes rentals are already in place and are expected to expand considerably in the coming years. In addition to this, Asia Pacific electric bikes/e-bikes market is likely to showcase a robust growth rate during the review period.
 

Key players influencing global electric bikes market are Giant Manufacturing Co., Ltd., Trek Bicycle Corporation, Klever Mobility Europe GmbH, Scott Sports S.A., F.I.V.E. Bianchi S.p.a., Sondors Inc., Accel Group N.V., Riese & Müller GmbH, KTM Fahrrad GmbH, and Easy Motion Ebikes (BH Bicycle Corporation).