The increasing awareness is also promoting the growth of e-bikes market in the present market. Moreover, the increasing disposable incomes among the population in developing countries is facilitating the mass to procure e-bikes, which is helping the manufacturers to proliferate the e-bikes market. Asia Pacific is the most attractive region in the e-bikes market owing to the presence of several numbers of players and the demand for CO2 reductions in various countries. Europe and North America trail the Asia Pacific in the adoption of E-bikes, thereby, showcasing a prominent future for E-bikes market.
Several developed countries across the globe have implemented several laws and regulation in order to control and minimize CO2 emission from different sources. These programs are heavily influencing the usage of electric vehicles. This factor has raised the adoption of E-bikes in these regions. Additionally, the awareness related to the benefits of electric bikes is increasing significantly in the developed and developing regions worldwide.
The key E-bikes market players influencing the market are Pedego Electric Bikes, Cannondale, BH Bikes, M1 Sporttecnik, Kalkhoff, Panther International, Yamaha Motor, Delfast, Fuji-Ta Bicycle Co. Ltd. and BionX International Corporaion among others.