E-bike Market - 55% of Growth to Originate from Europe

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The e-bike market share is expected to increase by 15.81 million units from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.22%.The e-bike market is categorized by Technavio as a part of the leisure products market. e-bike market research report provides valuable insights on the post-pandemic impact on the market, which will help companies evaluate their business approaches. To get more news about fatest ebike, you can visit magicyclebike.com official website.

E-bike Market: Key Drivers
The decrease in the cost of Li-ion batteries is driving the e-bike market.  The increase in the usage of EVs in the global automotive sector has provided Li-ion battery manufacturers with economies of scale, decreasing the cost of Li-ion batteries and making them viable for use in e-bikes. As a result, the adoption of Li-ion batteries has increased in e-bikes, particularly by bike-sharing firms. For instance, Yulu Bikes Pvt. Ltd. (Yulu Bikes), an Indian bike-sharing firm, employs domestically manufactured Li-ion batteries in its e-bikes. To get more news about himiway ebike, you can visit magicyclebike.com official website.
Product recalls due to possible failures are expected to be a major hindrance to the e-bike market during the forecast period. Vehicle recalls can be caused by product flaws or the probable breakdown of systems. Earlier, producers were responsible for the whole expense of product recalls. However, as vendor relationships and partnerships with suppliers have improved along the value chain, manufacturers and suppliers have been urged to share the cost of product recalls. The cost-sharing has benefited the vehicle manufacturers, tier-1 suppliers, and other stakeholders in the value chain. It does, however, have a negative influence on their profit margins. Therefore, product recalls are a challenge for all stakeholders involved. For instance, in December 2019, Trek Bicycle Corp., which is the parent company of Electra Bicycle Co., recalled 2,840 e-bikes after receiving two reports of the use of wrong bolts to secure the front fender to the fork crown.To get more news about 52V Ebike, you can visit magicyclebike.com official website.

The e-bike market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. For instance, Accell Group NV, a leading vendor, offers a bicycle brand portfolio of 18 brands. A few of the that specializes in e-bikes include Babboe, Batavus, Ghost, Haibike, Koga, Lapierre, Raleigh, Sparta and Winora.

E-bikes are being perceived as the next mode of mobility and also as a lesuire product in Europe, such factors are expected to propel the e-bike market growth in Europe over the forecast period. The region is expected to contribute 55% of market growth as countries such as the Netherlands, Germany, France, and Belgium are the key markets for e-bikes. Market growth in Europe is expected to be higher than the growth of the market in other regions.

The e-bike market is divided by battery type into the SLA battery segment and the Li-on battery segment. The SLA battery segment is expected to be the major contributor to the market during the forecast period.  SLA batteries, also known as gel cells, are a type of lead-acid battery with coagulated sulfuric acid electrolyte. These batteries are partially sealed and have vents to eliminate gases that are accidentally formed while overcharging. They are widely available across regions as they offer high output efficiency, especially at temperatures below 68°F.