The latest report by IMARC Group, titled “United States E-Bike Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the united states e-bike market share. The market size reached US$ 847.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,626.1 Million by 2028, exhibiting a growth rate (CAGR) of 11.79% during 2023-2028.
An electric bicycle, also known as an e-bike, is a bicycle equipped with an electric motor that provides assistance to the rider. It enables individuals to travel longer distances, tackle challenging terrains, and carry heavier loads with relative ease. The e-bike merges the traditional mechanism of a bicycle with the added boost of an electric motor, thus broadening accessibility to various demographics. Designed for efficiency and convenience, e-bikes are becoming a preferred mode of transportation for commuting, fitness, and leisure. In the United States, the market for e-bikes is rapidly expanding, as they offer an eco-friendly alternative to conventional fuel-powered vehicles, promoting a sustainable and active lifestyle.
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United States E-Bike Market Trends and Drivers:
The United States e-bike market is primarily driven by the increasing consumer awareness of the health and environmental benefits of electric bicycles. Moreover, the shift toward sustainable transportation options has further augmented the product demand. Additionally, ongoing innovations in battery technology have enhanced the performance and range of e-bikes, making them a more viable option for longer commutes. In line with this, several favorable government initiatives and incentives aimed at reducing carbon emissions are contributing to the market growth. Furthermore, the rising urbanization trends and the heightened need for efficient urban mobility solutions amidst congested city traffic are other major growth-inducing factors. Besides this, the expanding cycling infrastructure across the country and the escalating popularity of cycling as a recreational activity, particularly in the post-pandemic era, which witnessed a surge in outdoor activities, are anticipated to catalyze the market growth.
The report has segmented the market into the following categories:
Breakup by Mode:
- Pedal Assist
Breakup by Motor Type:
- Hub Motor
- Mid Drive
Breakup by Battery Type:
- Lead Acid
- Lithium Ion
- Nickel-Metal Hydride (NiMH)
Breakup by Class:
- Class I
- Class II
- Class III
Breakup by Design:
Breakup by Application:
- Mountain/Trekking Bikes
Breakup by Region:
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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