Electric Mountain Bike Market Share, Revenue, Trends, Scope, Key Players, Growth Drivers, Market Analysis, Future Opportunities and Forecast till 2024-2033
The inbuilt electric motor of an electric mountain bike (e-MTB) allows this robust and adaptable bicycle to easily navigate off-road terrain. Long rides, tough terrain, and steep inclines are all made easier with the battery-powered motor found on e-MTBs, which is different from regular mountain bikes. A more pleasurable and less taxing ride is possible since the motor offers different levels of support according on the terrain and the rider’s input. The electric assist helps maintain pace and lessens physical effort, while E-MTBs are built to last through the rigors of off-road cycling thanks to their sturdy frames and powerful suspension systems.
According to SPER market research, ‘Global Electric Mountain Bike Market Size- By Propulsion Type, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Electric Mountain Bike Market is predicted to reach 16.91 billion by 2033 with a CAGR of 12.84%.
A growing desire for creative and environmentally friendly modes of transportation has propelled the electric mountain bike (e-MTB) market’s impressive rise in recent years. Growing in affordability and accessibility, e-MTBs are drawing riders from all walks of life, from casual enthusiasts to dedicated adventurers. Developments in battery and motor technology that improve performance and dependability, as well as an increasing focus on sustainability and lowering carbon footprints, are among of the main drivers driving this expansion. Another is the growing popularity of outdoor recreational activities. Modern e-MTBs are also more appealing because of their adaptability to a wider range of riding situations and terrains thanks to design and functionality advancements.
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A recent Portland State University study found that more people can ride bicycles for longer distances on e-bikes, despite difficult terrain, physical limitations, and carrying luggage. Nonetheless, e-bike adoption is still typically limited due to their high purchase price. In America, the average wholesale price of an e-bike is USD 2,000, according to the Bicycle Product Suppliers Association (BPSA). Moreover, two factors that can keep the sector from growing are government speed limitations and safety issues around these bikes.
The market for electric mountain bike (e-MTB) workstations was impacted by the COVID-19 outbreak in a number of ways. On the one hand, as individuals looked for safe, socially isolated methods to be active, the pandemic increased demand for outdoor leisure activities and fitness solutions. This raised interest in e-MTBs and associated gear, such as workstations for storage and maintenance. Due to the closure of gyms and fitness centers, a large number of people purchased e-MTBs and other personal fitness equipment, which increased the need for at-home bike maintenance services.
Additionally, some of the market key players are 3M Co., BASF SE, Celonova Biosciences Inc., Convestro, Cospheric LLC, Dennert Poraver GmbH, DiaSorin SpA.
Key Target Audience:
- Outdoor Enthusiasts
- Fitness Enthusiasts
- Commuters
- Cycling Professionals
- Tourists and Adventure Seekers
- Eco-conscious Consumers
- Recreational Riders
Electric Mountain Bike Market Segments:
By Propulsion Type:
- Pedal-assisted
- Throttle-Assisted
By Application:
- Leisure
- Commuting
For More Information, refer to below link –
Electric Mountain Bike Market Share
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