E-Bike Market

The global E-Bike market is projected to expand at a rate of 7.2% over the forecast period. E-Bikes are eco-friendly, flexible, and versatile mode of transportation. Individuals look up to them as a perfect alternative for public transport. Thus, the increasing inclination among consumers towards the usage of e-bikes as an environment friendly and effective solution to commute has strengthened the market growth.

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E-Bike Market Dynamics

E-bike helps in saving hundreds of dollars per year that is usually disbursed on gasoline. The lower maintenance cost of an e-bike is one of the crucial forces fuelling the growth of the global E-bike market. Also, the increasing inclination towards recreational and adventurous activities has encouraged the adoption of e-bike in various industries, such as e-bike rental services and logistics have propelled the market growth. The e-bike market forecast projects that the rising interest in cycling and a remarkable drift of the fitness enthusiast people towards e-bike has bolstered the market growth. The augmenting demand for environment friendly transportation in society and the increasing agitation towards sustainable use of resources like natural gas and petroleum has proliferated the demand for e-bike.

Besides this, as per the E-Bike market analysis, the rising agitation towards healthcare such as the accelerating incidences of chronic diseases because of the increasing discharge levels from petroleum and diesel vehicles will contribute to the market growth. The strategic initiatives by government, such as the e-bike by the Indian Government will drive the market growth.

However, e-bike on an average can reach up to 150 km and needs to be recharged; whereas, the gasoline vehicles can be recharged within minutes and get ready for the ride. More exactly, it is not possible to calculate that how much you can ride. Furthermore, the huge cost of e-bikes, because of the excessive price of batteries and motors, is likely to restrain the e-bike market size.

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