Global E-Bike Market and Forecast 2021-2026

The E-bike market is expected to gain market growth in the forecast period of 2020 to 2027. Growing environmental pollution and harmful emissions from vehicles is generating a need for alternative e mobility solutions which do not cause any pollution. Thus, the introduction of e-bikes has enabled commuters to opt for eco-friendly yet affordable mobility solutions which is resulting in growth for the e-bike market. High traffic congestions in urban cities are increasing the demand for e-bikes globally. There is an increase in the demand for greener and cleaner modes of transportation which is boosting the global e-bike market. The high cost of purchase and maintenance of e-bikes as compared to conventional bicycles acts as a major restraining factor for the global e-bike market.