The acquisition would allow Pon Bicycle Holding B.V to increase its portfolio with the addition of various electric bikes of Urban Arrow. In November 2019, Pon Bicycle Holding B.V., the Netherlands-based company acquired Urban Arrow for an undisclosed amount. Riders may set riding modes, automatically record activity, and integrate fitness apps including Apple Health with the new mobile app. Technological advancements are shaping the electric bikes market.Major companies operating in the electric bikes sector are focused on developing technological solutions for electric bikes to meet customer demand and strengthen their position.įor instance, in September 2021, Bosch, a Germany-based technology company has unveiled its new Smart System, a comprehensive package that includes innovative digital advances, such as a new mobile app and wireless remote control, to improve the digitalization of bikes utilizing the company’s drivetrain system. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. It is used in several applications including mountain or trekking, city or urban, cargo, and others.Īsia Pacific was the largest region in the electric bikes market in 2020.Europe is expected to be the fastest-growing region in the forecast period.
The different motor types include mid-motor, hub motor and have various battery types such as lead-acid, lithium-ion (Li-ion), nickel-metal hydride (NiMH), others. The main types of classes in electric bikes are class-I, class-II, and class-III.Class-I is a type of electric bike that has an electric motor and works only while pedaling. The electric bikes market consists of sales of electric bikes by entities (organizations, sole traders, and partnerships) that run on rechargeable batteries or through pedaling.Electronic bikes are battery-powered bikes that resemble gas-powered bikes but require electric power to operate.Įlectric bikes are equipped with an integrated electric motor driving system and a battery that produces power for causing or assisting propulsion.E-bikes range from bikes with a modest motor to help the rider’s pedal-power to more powerful e-bikes that provide electricity to operate the bike using the throttle.Įlectric bikes are a versatile, eco-friendly, and aesthetic means of transportation.
The market is expected to reach $53.23 billion in 2025 at a CAGR of 9.9%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The global electric bikes market is expected to grow from $32.54 billion in 2020 to $36.52 billion in 2021 at a compound annual growth rate (CAGR) of 12.2%. KG, Gocycle, Klever Mobility, and Panasonic. V., VanMoof, FRITZMEIER Systems GmbH & Co. 03, 2021 (GLOBE NEWSWIRE) - announces the release of the report "Electric Bikes Global Market Report 2021: COVID-19 Implications And Growth".
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