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The future of the electric bicycle (e-bike) market looks promising with opportunities in the areas of travelling, exercise/fitness, and recreational activities. The global electric bicycle market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $18.2 billion by 2025 with a CAGR of 7% to 9% from 2020 to 2025. The major drivers for this market are increasing health conscious consumers, high traffic congestion, environmental concerns, and increasing government initiatives to promote cycling in order to reduce carbon emissions.
Emerging trends, which have a direct impact on the dynamics of the market, include development of luxury folding e-bikes and high tech electric bike with smartphone integration.
A total of 167 figures / charts and 121 tables are provided in this 217 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of electric bicycle (e-bike) market report download the report brochure.