Rising demand for e-bikes to beat the traffic problems in city/urban areas

The e-bikes global scope and Opportunity

Through 2029, the city/urban bike segment in North America is expected to increase at a rate of roughly 15%. The availability of city-urban e-bikes in a variety of designs and body types is driving up demand. The upright riding position, comfort for the user, and low center of gravity design for smooth handling will drive demand for city-urban electric bikes. Market companies are introducing new bikes in the city/urban e-bike sector in order to attract new customers and increase their market share. Manufacturers such as Cake and Lyft are presenting their new city electric bikes in order to increase market profitability. For example, Cake debuted a new electric moped, the Makka bike, in September 2021 in North America and Europe for USD 3,500. The bike weighs 132 pounds and is classified as L1e-b by the European Union.

Development of new lightweight lithium-ion batteries with long-range support increases the sale of E-bike

By 2020, lithium-ion batteries will account for more than 90% of the European e-bike market. Lithium-ion batteries are in high demand due to their low weight and high temperature tolerance as compared to lead-acid batteries. Automotive battery and vehicle manufacturers are investing in research and development to create new lithium-ion batteries with increased range.

The health benefits of cycling and growing interest in adventure sports among youngsters increase the sale of cycles hence rise in the market growth

One of the primary aspects driving market expansion is the increased popularity of cycling as a recreational activity. Cycling has a variety of physical and mental health benefits, including increased cardiovascular fitness, muscle strength, and flexibility, as well as a lower risk of stress and depression. The young population is becoming more interested in adventure sports, which is boosting e-bike sales. Furthermore, the thriving tourist industry is a driving force behind the market’s expansion. Tourists are choosing e-bikes as a self-driving alternative to commuting since they are cost-effective and allow for effortless riding. People are switching to electric vehicles like e-bikes that have low carbon emissions and can be charged using solar power as a result of growing environmental awareness and rising urban air pollution.

The e-bike market is led by globally established players such as Accell Group N.V., Pon. Bike, Merida Industry Co., Ltd., Giant Manufacturing Co., Ltd., Yamaha Motor Corporation, Trek Bikes, and Riese & Muller.

Recent Developments

• Pedego Electric Bikes opened up a store for e-bikes in Boca Raton, Florida. People can buy a variety of e-bikes and related services and accessories. They can also rent e-bikes from there.

• Giant Manufacturing launched the New Trance X Advanced Pro 29. This comes with the latest in technologies and accessories. Its frame is also designed to adjust to the biker’s body.

• Sparta launched d-Burst. This is an e-bike that’s capable of rapid acceleration quickly. 

• Pon Bike bought Arrow Brand. This is an e-cargo bike from The Netherlands.

• Trek Bicycle Corporation entered into a joint-venture with Tome and Ford. The objective was to create a new generation of environmentally friendly e-bikes that are safer and easier to ride.