The increased popularity of cycling as a leisure activity throughout the world is the key factor driving market expansion. This is mostly due to the numerous physical and mental health benefits connected with riding. Some of the benefits include less stress and depression, increased physical strength and flexibility, and enhanced cardiovascular fitness. The youthful population is growing interested in adventure sports, which is expected to increase demand for e-bikes throughout the projected period. In response to increased popularity, e-bike producers are focusing on product innovation as well as technology improvements such as the introduction of a SIM module that allows the e-bike to transfer data and information to and from the cloud without the use of a smartphone. These linked e-bikes have remote diagnostics, an anti-theft system, social media connectivity, integrated navigation, and an automated emergency cell. Rising worries about environmental deterioration and air pollution are driving regional growth. This has raised demand for e-bikes in most European nations, including the Netherlands, Germany, and Belgium, because E-Bikes can be charged using solar power and emit less carbon.
Prominent Companies in the Electric Bicycles Industry:
1. Accell Group
Accell Group produces and sells bicycles, bicycle parts, and accessories. Accell Group offers electric, city, recreational, transport, children’s, mama, mountain, racing, and folding bikes, as well as a speed pedelec. It was founded in 1998 and is based in Heerenveen, Friesland, and The Netherlands.
2. Derby Cycle AG
Derby Cycle Corporation is a German based bicycle manufacturer. Founded in 1988, headquartered in Germany.
3. Electric Bike Technologies LLC
Electric Bike Technologies offers electric bikes, electric trikes, electric bicycle conversion kits, hub motors, batteries, and components. They provide services that include test rides and order tracking. Founded in 2008, headquartered in Pennsylvania, U, S.
4. Giant Bicycles
Giant is the world’s leading brand of high-quality bicycles and cycling gear. Part of the Giant Group, which was founded in 1972, the brand combines craftsmanship, technology and innovative design. Headquartered in China. In August 2019, Giant Bicycles launched new Reign E+ Pro. This new electric bicycle is equipped with Giant’s latest SyncDrive Pro motor technology and Maestro Suspension setup.
5. GRACE
Grace provides innovative products, technologies, and services that improve the products and processes of its customers. William Grace founded the Columbia, Maryland-located company in 1854.
6. Jiangsu Xinri E-Vehicle Co. Ltd.
Jiangsu Xinri E-Vehicle Co., Ltd. engages in the research and development, manufacture, and sale of electric vehicles in China. The company offers utility, high speed, moped, bicycle, and E-car related products. It also exports its products to approximately 100 countries and regions. Jiangsu Xinri E-Vehicle Co., Ltd. was founded in 1999 and is based in Wuxi, China.
7. Panasonic
Panasonic Holdings Corporation, together with its subsidiaries, develops, manufactures, sells, and services various electrical and electronic products worldwide. It operates through Appliances, Life Solutions, Connected Solutions, Automotive, and Industrial Solutions segments. Panasonic Holdings Corporation was founded in 1918 and is headquartered in Kadoma, Japan.
8. Pedego
Pedego Electric Bikes is a manufacturer of electric bikes with a built-in electric hub motor to provide additional assistance. The company was founded in 2009 by Don DiCostanzo and Terry Sherry. It is headquartered in Irvine, C.A. Pedego Electric Bikes opened its first Houston area store at 11605 S. Fry Road in Fulshear. Pedego West Houston, co-owned by Amanda Parsons and Jason Miller, offers rentals, tours, sales and service of Pedego electric bikes in October 2019.
9. Stromer
The strength of the company lies in the development of and mechanical components, electric components, software, and the complete system integration. The Swiss company was founded in 2009 by Thomas Binggeli. In March, 2013 the company opened its headquarters in Oberwangen near Bern, Switzerland.
10. Superpedestrian
Superpedestrian is a venture-backed robotics company that develops lightweight electric vehicles with integrated online platforms. It was founded in 2012 and headquartered in Cambridge, Massachusetts.
*Definition- E-bikes, also known as electronic bicycles, are a sort of ordinary bicycle that includes a battery, electric motor, and transmission. The bike may be moved using a rechargeable battery or by pedalling. E-bikes are practical and easy to use for people of all ages.
