The Indian E-Bike market is expected to exhibit a CAGR of 12.9% during 2022-2027, according to the latest report by IMARC Group.
An e-bike, or electronic bicycle, is a standard bicycle with an electric motor, rechargeable batteries, and a drivetrain. It has the ability to cover long distances on a single charge. E-bikes are convenient for all age groups and are an economical alternative to motored vehicles. They help burn calories and perform cardiovascular exercises, which build endurance and muscles. They are gaining popularity across India owing to their energy efficiency and environment-friendly nature.
Indian Electric Bikes Industry Trends and Drivers:
The India e-bike (electric bikes) market is primarily driven by the increasing preference for recreational and adventure activities among individuals. E-bikes ease the overall riding experience as they facilitate the ride uphill, on inclines, and through rough terrains, by reducing the stress on the body. In addition to this, the significant growth of the tourism industry is also creating a positive outlook for the market.
Tourists prefer e-bikes as they offer an effortless riding experience and an effective alternative to self-driving commutes. The Government of India is also implementing initiatives to support the e-bike market for reducing the carbon footprint and promoting healthier living. Moreover, the introduction of hydrogen-powered bikes and smart e-bike monitoring systems (SEMS) is anticipated to propel the market growth in the upcoming years.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The report has segmented the market on the basis of region, propulsion type, battery type, power and application.
Breakup by Propulsion Type:
Pedal Assisted
Throttle-Assisted
Breakup by Battery Type:
Lithium-Ion Battery
Lead-Acid Battery
Breakup by Power:
Less Than and Equal to 250W
Above 250W
Breakup by Application:
City and Urban
Trekking
Cargo
Breakup by Region:
North India
West and Central India
South India
East India
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.