Dublin, Dec. 15, 2021 (GLOBE NEWSWIRE) -- The "North America e-Bike Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.
As stated in this report, the e-bike market in North America is anticipated to witness growth at a CAGR of 10.13% in the years 2021-2028. The United States and Canada shape the market in this region.
In Canada, some of the factors supplementing the growth of the studied market are the rising demand among retired consumers and the growing demand for recreational activities. Moreover, e-bikes are gaining immense traction in major cities, such as Toronto and British Columbia. This has resulted in the government introducing new rules and developing new infrastructure to support the growing adoption of e-bikes.
For instance, the city of Vancouver introduced the Transportation 2040 plan in which electric bicycles are stated to be among the increasing modes of transport. Besides, Revolution Cycle in Edmonton began Pedelec bicycle tours to enhance the sales of e-bikes. Hence, these developments are anticipated to drive the growth of the e-bike market within Canada.
Furthermore, the ever-growing focus on recreational activities is among the major factors augmenting the growth of the considered market in the US. Moreover, e-bikes are gaining momentum among the geriatric population and recreational riders. Additionally, numerous companies are focusing on the senior population, citing health-related benefits to the target audience. This step is anticipated to influence the demand among older people to use e-bikes without facing multiple issues, including joint pain. Therefore, the growing demand among baby boomers is likely to widen the scope and growth of the e-bike market in the United States.
Key Topics Covered
1. North America e-Bike Market
2. Industry Outlook
2.1. Key Insights
2.1.1. Increased Investments in Bicycling Infrastructure and Battery Technology
2.1.2. Growing Affordability due to e-Bike Sharing System
2.1.3. Rise in Cycling as a Fitness Trend
2.2. Impact of COVID-19 on e-Bike Market
2.3. Porter's Five Forces Analysis
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Market Strategies
2.6.1. Contracts & Partnerships
2.6.2. Business Expansions & Divestitures
2.6.3. Acquisitions & Mergers
2.6.4. New Product Launches
2.7. Market Drivers
2.7.1. Increased Demand for Eco-Friendly Transportation
2.7.2. Government Incentives Favoring the Market
2.7.3. Increased Preference for e-Bikes
2.8. Market Challenges
2.8.1. High Cost of e-Bikes and Product Recalls
2.8.2. Problems Related to Distribution
2.9. Market Opportunities
2.9.1. Increased Use of e-Bikes for Delivery Services
2.9.2. e-Bikes as a Solution to Rising Fuel Prices
3. North America e-Bike Market - by Product
3.1. Pedelecs
3.2. Throttle on Demand
3.3. Scooter or Motorcycle
4. North America e-Bike Market - by Drive Mechanism
4.1. Hub Motor
4.2. Mid-Drive
4.3. Others
5. North America e-Bike Market - by Application
5.1. City/Urban
5.2. Trekking
5.3. Cargo
6. North America e-Bike Market - by Battery
6.1. Lithium-Ion
6.2. Lead Acid
7. North America e-Bike Market - by Power
7.1. Less Than & Equal to 250 W
7.2. Above 250 W
8. North America e-Bike Market - Regional Outlook
8.1. United States
8.2. Canada
9. Competitive Landscape
9.1. Accell Group
9.2. BMZ GmbH
9.3. Brose Fahrzeugteile SE & Co. KG
9.4. Derby Cycle
9.5. Fuji-Ta Bicycle Co. Ltd.
9.6. Giant Manufacturing Co. Ltd.
9.7. Jiangsu Xinri e-Vehicle Co. Ltd.
9.8. LG Chem
9.9. Panasonic Corporation
9.10. Robert Bosch GmbH
9.11. Samsung SDI Co. Ltd.
9.12. Shimano Inc.
9.13. Golden Wheel Group
9.14. Trek Bicycle Corporation
9.15. QWIC
9.16. Vanmoof
9.17. Stromer
9.18. Riese & Mueller
10. Methodology & Scope
10.1. Research Scope & Deliverables
10.2. Sources of Data
10.3. Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/s4g328
