The size of the e-bikes market was USD 40,664 million in 2022, and it will power at a rate of 10.4% in the years to come, to reach USD 89,736 million by 2030, as stated by P&S Intelligence.
The lithium-ion battery category will grow at a rate of 13.9% in the future. The growth of the industry will mostly be as a result of these batteries’ fast charging, safety, approximately 55% lower weight than other batteries, which aids to reduce the weight of the vehicle; high productivity, and long life.
The less than or equal to 250 W category will have a considerable rate in the years to come. This is since e-bikes with a power output in this range are extensively employed in cities, accompanied by on rough areas, for example hills and steps, for fitness purposes. Some OEMs that bid ≤250W motors for e-bikes are Brose, Bosch and Shimano.
The e-bikes market is observing the incorporation of smartphones with these bicycles. When combined with an e-bike, the smartphone can offer real-time info associated with speed, rear views, battery status, heart rate, navigation, and other aspects to riders.
The increasing levels of pollution in numerous countries, which has become a thoughtful concern for the individuals, has given a boost to the requirement for green-tech-powered vehicles. Numerous nations have set targets to surge the sales of EVs, for example scooters, bikes, and cars, to decrease pollution.
Moreover, people make use of pedal-assist e-bikes in excess of other low-speed e- two-wheelers in numerous countries, propelling the sales of e-bikes.
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