An electric mountain bike, or e-MTB, is a strong and adaptable bicycle with an integrated electric motor that makes it easy to ride off-road paths. In contrast to conventional mountain bikes, e-MTBs have an electric motor that powers the pedals, facilitating longer rides, steep inclines, and difficult terrain. A less taxing and more pleasurable ride is made possible by the motor, which adjusts its amount of support according on the rider's input and the terrain. E-MTBs are built to last through the rigors of off-road cycling thanks to their sturdy frames and powerful suspension systems, and the electric assist helps them maintain pace and lessen physical strain.
Global Electric Mountain Bike Market Driving Factors and Challenges
Driving Factors- The market for electric mountain bikes, or e-MTBs, has grown significantly in recent years due to the growing desire for cutting-edge and environmentally responsible modes of mobility. As technology develops, e-MTBs become more widely available and reasonably priced, drawing a wide spectrum of riders from casual enthusiasts to committed explorers. The growing popularity of outdoor recreational activities, improvements in battery and motor technology that improve performance and dependability, and an increasing focus on sustainability and lowering carbon footprints are some of the main factors driving this expansion. Furthermore, the design and functionality of e-MTBs have improved, increasing their attractiveness and making them appropriate for a variety of riding environments and terrains.
Challenges- E-bikes enable more individuals to ride bicycles for longer distances in spite of challenging terrain, physical restrictions, and the inclusion of luggage, according to a new Portland State University study. However, because they are expensive to buy, e-bike adoption is still generally restricted. According to the Bicycle Product Suppliers Association (BPSA), an e-bike in America typically costs USD 2,000 at wholesale. Furthermore, Government speed limits and the safety concerns around these bikes are two things that could prevent the industry from expanding.
Impact of COVID-19 on Global Electric Mountain Bike Workstation Market:
Electric mountain bike (e-MTB) workstation sales were impacted by the COVID-19 outbreak in a number of ways. As people looked for safe, socially isolated methods to be active, the pandemic, on the one hand, increased demand for outdoor leisure activities and fitness solutions. e-MTBs and associated gear, such as workstations for storage and maintenance, became more popular as a result. The shutting of gyms and fitness centers led to a surge in demand for home-based bike maintenance services as more people bought e-MTBs and other personal training equipment. However, the pandemic disrupted supply chains, which delayed the production and delivery of e-MTB parts and accessories.
Global Electric Mountain Bike Market Key Players:
The market data provided by the study by competitive landscape, revenue analysis, and market segments includes a detailed analysis of key market players, such as BH Bikes, CUBE GmbH & Co. KG, Giant Manufacturing Co. Ltd, Pedego Electric Bikes, Pivot Cycles, Scott Sports SA, Trek Bicycle Corporation, Trinx Bikes, Yamaha Motor Co. Ltd, Others.
Global Electric Mountain Bike Market Segmentation:
By Propulsion Type: Based on the Propulsion Type, Global Electric Mountain Bike Market is segmented as; Pedal-assisted, Throttle-Assisted.
By Application: Based on the Application, Global Electric Mountain Bike Market is segmented as; Leisure, Commuting.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.