Global Electric Bicycles Market 2020-2028: Research and Development Activities to Center around Battery Improvements in Coming Years
DUBLIN, Oct. 13, 2020 /PRNewswire/ — The “Global Electric Bicycles Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028” report has been added to ResearchAndMarkets.com’s offering.
The electric bicycles market expected to be growing at a compounded annual growth rate (CAGR) of 7.2% from 2020 to 2028 and reach US$ 28.51 Bn in 2028.
COVID-19 crisis and an increasing need to maintain social distance have promoted the use of ecological means of transportation, such as the electrical bicycle.
In the last couple of decades, the popularity of e-bicycles has grown manifold and there were around 210 million such bicycles used daily in 2016. China holds a major share of the overall market and the trend is expected to continue in the years to come. One of the most prominent factors aiding the adoption of e-bicycles can be attributed to