United States E-Bike Market to Register to a CAGR of 29.19% between 2019 and 2025, Predicts QY Research
QYResearch is a leading market research publisher which pursuits high product quality with the belief that quality is the soul of business and consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience.
Los Angeles, USA – July 31, 2019 /MarketersMedia/ —
QY Research announced the publication of a new research report to its repository. The report, titled “United States E-bike Market Insights, Forecast to 2025,” has studied the various factors that are likely to impact the overall market in the coming years. The publication has discussed the changing perspective on environment, evolving government regulations, and developments in the automotive sector that are likely to shape the future of the U.S. e-bike market in the coming years. Analysts have used Porter’s five forces analysis and SWOT analysis to study the market in complete detail.
According to the study, the U.S. e-bike market is expected to be worth US$2064.49 mn by the end of 2025 from US$343.64 mn in 2018. During the forecast period of 2019 and 2025, the market is projected to register a CAGR of 29.19%.
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United States E-Bike Market: Drivers and Opportunities
The research report predicts that the United States e-bike market will surge at a steady rate in the coming years due to growing environmental concerns regarding pollution. Higher awareness about carbon emissions and greenhouse effect has pushed the market for e-bikes in the U.S. in the upward direction. The market is also being driven by the stringent government norms towards carbon emissions. Increasing subsidiaries on e-bikes is also projected to bode well for the United States e-bike market. In addition, the demand for e-bikes, especially the ones with peddling option, is expected to spike as fitness conscious consumers remain on the rise.
United States E-Bike Market: Segments
In terms of channel, the United States e-bike market is segmented into entity and online. The applications of e-bikes are seen in areas such as entertainment and commuting. The report predicts that the commuting segment is expected to lead the global market in the coming years as growing number of end users are expected to opt for green modes of transport. Rising fuel prices is yet another reason that will drive the commuting segment in the United States e-bike market during the forecast period.
United States E-Bike Market: Key Players
Some of the leading players operating in the United States e-bike market are Merida, Trek, Yadea, Pedego, Giant, Accell Group, Specialized, Raleigh Ebike, Easymotion (BH), Prodecotech, AIMA, and Sunra. As online sales are gaining momentum, companies are trying to simplify buying options for their consumers. For instance, Giant Bicycle and Affirm have partnered to enable swift payments. Improving user experience is expected to be one of the key strategies of the companies to widen their scope of business in the coming years.
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