New York, July 27, 2021 (GLOBE NEWSWIRE) — E-Bike Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “E-Bike Market Research Report, Type, Battery, Frame Material, Consumer Group, Design and Region – Forecast till 2027″ the market is projected to be worth USD 72.73 billion by 2027, registering a CAGR of 7.89% CAGR during the forecast period (2021 – 2027), The market was valued at USD 38.15 billion in 2020.
The e-bike market is growing continuously over the past couple of years. Market growth primarily attributes to the wide uptake of small, lightweight e-bike across the globe. Besides, the introduction of incentives for e-bike commuters by governments in various countries impacts the market shares positively. With the rising electric vehicle infrastructure developments as a part of smart city projects, the market is poised to garner significantly rising revenues in the recent future.
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List of the Key Companies Profiled in the E-Bike Market Research Report are-
- Accell Group N.V. (the Netherlands)
- Pon Bike (US)
- Merida Industry Co.
- Ltd. (China)
- Giant Manufacturing Co.
- Ltd. (Taiwan)
- Yamaha Motor Corporation (Japan)
Highly competitive, the e-bike market appears to be well-established due to the presence of several notable players. Players incorporate strategic initiatives such as acquisition, partnership, product launch, and expansion to gain a competitive advantage in this market.
For instance, recently, on July 23, 2021, GoZero Mobility (India), a leading e-bike maker, launched a new cost-friendly model, Skellig Lite, in India. The Skellig series is available for sale online at GoZero website and several of its offline stores. The launch of the Skellig Lite is GoZero's first step into its Switch Campaign to drive many Indian city-dwellers to switch from their current mode of transport to e-bikes.
The introductory pricing of the Skellig Lite makes it easy for beginners to take up this new mode that integrates with their lifestyle. All three variants of …
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