An e-bike, or electronic bicycle, is a standard bicycle with an electric motor, rechargeable batteries, and a drivetrain. It has the ability to cover long distances on a single charge. E-bikes are convenient for all age groups and are an economical alternative to motored vehicles. They help burn calories and perform cardiovascular exercises, which build endurance and muscles. They are gaining popularity across India owing to their energy efficiency and environment-friendly nature.
According to the Indian E-Bike market report by IMARC Group, the market is expected to exhibit a CAGR of 12.9% during 2022-2027.
India E-Bike Industry Trends and Drivers:
The India e-bike (electric bikes) market is primarily driven by the increasing preference for recreational and adventure activities among individuals. E-bikes ease the overall riding experience as they facilitate the ride uphill, on inclines, and through rough terrains, by reducing the stress on the body. In addition to this, the significant growth of the tourism industry is also creating a positive outlook for the market.