E-Bike Market Development, Trends, Demand and Forecast till 2020-2025

According to the latest report by IMARC Group, titled “E-Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global e-bike market size reached a value of US$ 20.8 Billion in 2019. An e-bike is a bicycle that consists of electrical components, including motors, batteries and controllers. The electric motor in the bike aids the rider’s pedal-power, which is utilized for propulsion. When the user puts pressure on the pedals of an e-bike, the motor engages and provides a boost to the acceleration. Since it utilizes rechargeable batteries for its functioning and can cover long distances at a single charge, it is not only a cost-effective option but also an environment-friendly means of transportation as compared to other land transports, such as motorcycles and cars.

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