About Smart Electric Bikes
Smart Electric Bikes are a hybrid bikes. Smart Electric Bikes has wireless connectivity that enables to access some of the digital properties of the bike, including its motor performance characteristics, or import data that can be shown on the bike, like a GPX route file. There have been numerous concept e-bikes at trade fairs with all kinds of features that claim to be Smart Electric Bikes connected to the "internet of things," but they have rarely been implemented in the real world. However, there are indications that the market for Smart Electric Bikes is now beginning to emerge.
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The market for Smart Electric Bikes is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Smart Electric Bikes market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mercedes Benz (Germany), Rad Power Bikes (United States), FlyKly (United States), Strode (United States), Smart (Germany), Hyper Bike Co. (United States), Jetson Bolt (United States), NAKTO Bikes (United States), Miclon (United States) and Oohbike (Spain) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Shimano Bike (Japan), Polarity (India), Dyu (China) and Hero (India).
AMA Research has segmented the market of Global Smart Electric Bikes market by Type (36V Smart Electric Bikes and 48V Smart Electric Bikes), Application (Commercial and Residential) and Region.
On the basis of geography, the market of Smart Electric Bikes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Wireless Sensors will boost the Smart Electric Bikes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Smart Electric Bikes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity, the sub-segment i.e. Smartphone will boost the Smart Electric Bikes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Penetration of IoT, and Robotics in Electric Bikes Manufacturing, Innovation of Advanced Batteries for Electric Smart Bikes, Innovation of Smartphone Integrated Electric Bikes and Uses of Wireless Sensors and Advanced GPS Trackers in Electric Bikes
Market Growth Drivers:
Rising Demand of Eco-Friendly and Pollution Free Vehicle, Rising Adoption of Electric Vehicles Over the World and Growing Demand of Cycle Enthusiasts for Fitness
High Cost Maintenance and Repairing Cost Associated with Smart Electric Bikes, Low Penetration in Emerging Regions and Heavier than Normal Conventional Bikes
Limited Battery Range Associated with Smart Electric Bikes and Expensive than Normal Traditional Bikes
Rapid Growth in Digitalization, Continuous Growth in Automotive Industry and Adoption of Artificial Intelligence Over the World
On 14 March 2022, Miclon, an up-and-coming electric bike brand, has released its new Cybertrack 100 electric mountain bike (E-MTB) with 2x faster charge on Amazon. Within a few days of its release, the Cybertrack 100 had dominated the electric bike category in Amazon's best-selling new releases and gained significant traction with customers in the US.
Key Target AudienceSmart Electric Bikes Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.