Electric Bikes Market was valued at USD 18.62 billion in 2019 and is projected to reach USD 26.41 billion by 2027

1. Electric Bikes Market was valued at USD 18.62 billion in 2019 and is projected to reach USD 26.41 billion by 2027 According to Verified Market Research, The Global Electric Bikes Market was valued at USD 18.62 billion in 2019 and is projected to reach USD 26.41 billion by 2027, growing at a CAGR of 4.82% from 2020 to 2027. Get | Download Sample Report @ https://www.verifiedmarketresearch.com/download- sample/?rid=5313&utm_source=Free&utm_medium=004 Electric bikes, also known as e-bikes, e-bicycles, pedelecs, and power-assisted (bi)cycles, are standard bicycles that are equipped with an electric motor, a battery, and a drivetrain. These bikes can be moved through pedaling or can run on rechargeable batteries. The rechargeable batteries are made up of three types: Lead Acid, Lithium-ion (Li-ion) and Nickel-metal hydride (NiMH). Lead-acid batteries are most commonly used and can cover long distances with a single charge. These bikes are simple to operate, convenient for all age groups and are an economical alternative as an environment-friendly means of transportation, in comparison to motored vehicles. Large variations of e-bikes are available in the market in terms of design and performance. Ask For Report Details @ https://www.verifiedmarketresearch.com/infographics/electric-bike- market/?utm_source=Free&utm_medium=004