“, the China e-bike market is expected to exhibit a CAGR of 6.2% during 2022-2027.
E-bike, or electric bike, is an electric motor- or battery-based two-wheeler vehicle. It has emerged as a sustainable and eco-friendly alternative to conventional fuel-based motorbikes. E-bikes help in reducing pollution levels and minimizing the dependency on fossil fuels. Furthermore, the compact and minimalistic design of e-bikes helps in easy maneuvering through congested roads and heavy traffic.
COVID-19 Impact Analysis
Note; We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
China E-Bike Market Trends
In China, the growing consumer awareness towards the depletion of conventional fossil fuels, along with the rising fuel prices are primarily driving the demand for e-bikes. Furthermore, the implementation of favorable regulations by the Chinese government to control carbon emission levels from fuel-based vehicles has also propelled the sales of e-bikes. Additionally, the rapid integration of e-bikes with numerous advanced technologies, such as Internet-of-Things, GPS, AI, etc., is further augmenting the market growth in China. The introduction of wireless connectivity of e-bikes with smart devices for displaying bike speed, battery status, power levels, and distance covered, will continue to further catalyze the growth of the China e-bike market.
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