Automotive and Transportation Research Reports

  The e-bike market is projected to grow from USD 48.7 billion in 2024 to USD 71.5 billion by 2030, with a CAGR of 6.6%. The market experienced significant growth from 2019 to 2021, followed by steady growth in 2022. In 2023, e-bike sales declined again in some countries due to economic downturns, market uncertainty, and increased competition, which led to increased price competition. These trends are expected to be temporary, with growth anticipated to resume in 2024 and continue through 2026. The long-term outlook for the e-bike industry remains positive. While the global market for Class-I e-bikes is expected to dominate, Class-III e-bikes are projected to see promising growth during the forecast period, driven by increased demand for high-capacity e-bikes, particularly in North America. Cargo e-bikes and E-MTBs are experiencing a sudden demand as E-MTBs equip riders with the power to tackle challenging off-road adventures. The high-torque motors help them climb steeper hills, ...

The demand for options in personal transport and rides has triggered an increase in bike and scooter rental services. Consumers prefer economical and flexible mode of transport for micro mobility. Supporting infrastructure and growing demand for small-sized commute vehicles would drive the bike and scooter rental market. This offers an opportunity to bike and scooter rental providers to maximize profits. The  Bike and Scooter Rental Market  is projected to grow from USD 2.5 billion in 2019 to reach USD 10.1 billion by 2027, at a CAGR of 18.9%. View Detail TOC @    https://www.marketsandmarkets.com/Market-Reports/bike-scooter-rental-market-122654882.html Asia Pacific is estimated to be the fastest growing market during the forecast period due to high adoption of electric bikes and scooters in countries such as China and India. Moreover, low charges of bike and scooter rentals create an opportunity in the region. Additionally, the increased use of smartphones and...