Market Research Report
Asia-pacific E-bike Market Forecast 2021-2028
|Published by||Inkwood Research||Product code||1010098|
|Published||Content info||165 Pages
Delivery time: 2-3 business days
|Asia-pacific E-bike Market Forecast 2021-2028|
|Published: June 14, 2021||Content info: 165 Pages||
The Asia-Pacific e-bike market is expected to project a CAGR of 8.58% during the forecast period, 2021-2028. The governments in the region are launching several initiatives like road taxes for electric bike consumers. This is one of the important factors propelling the market growth.
Indonesia, Japan, China, South Korea, Thailand, Australia & New Zealand, Vietnam, India, and Rest of Asia-Pacific, are evaluated for the Asia-Pacific e-bike market growth assessment. In Japan, the expanding consumer base that includes all age groups and the arrival of electric sports bicycles fuel market growth. The sales of e-bikes are increasing in the country. In India, the rising exhaust emissions, volatile fuel prices, increasing focus on health, have contributed to the growing demand for bicycles. Though, the demand for e-bikes is still in nascent stages. The inadequate availability of infrastructure and the high costs of e-bikes have hindered the adoption of e-bikes. But, with declining battery prices and shifting preferences of consumers, e-bikes are gaining market share in gradual terms.
E-bike sales in Australia are witnessing significant growth. The e-bike imports have increased threefold in the past three years. The sales are also growing faster, with more than 50 brands offering varied models. Such factors are expected to influence market growth.
Some of the distinguished companies in the market include Jiangsu Xinri E-Vehicle Co Ltd, Panasonic Corporation, Shimano Inc, Samsung SDI Co Ltd, Fuji-Ta Bicycle Co Ltd, etc.