Market Overview:
MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Latin America Electric Bicycle Market, The Latin America Electric Bicycle Market is projected to grow at a CAGR of around 7.2% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Latin America Electric Bicycle Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.
Industry Outlook & Forecasts:
- Forecast Period: 2023-2028
- CAGR (2023-2028): 7.2%
Key Perks: “In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecasts for the years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”
Request for a Free PDF Sample of the Report – https://www.marknteladvisors.com/query/request-sample/latin-america-electric-bicycle-market.html
Latin America Electric Bicycle Market Segmentation Breakdown:
The Latin America Electric Bicycle Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
By Propulsion
- Pedal Assisted, Market Size & Forecast 2018-2028F, Unit Sold (Thousands)
- Throttle Assisted (Power on demand), Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Pedal-assisted electric bicycle holds a significant share as almost every electric bicycle comes in the pedal-assisted format to allow the rider full control over the vehicle.
By Application
- Urban Commute, Market Size & Forecast 2018-2028F, Unit Sold (Thousands)
- Trekking, Market Size & Forecast 2018-2028F, Unit Sold (Thousands)
- Cargo, Market Size & Forecast 2018-2028F, Unit Sold (Thousands)
Urban Commute accounts for a notable share of the Latin America Electric Bicycle Market, as urban commute e-bicycles serve multiple purposes, including daily commuting, bike riding for health benefits, and many others.
By Battery Type
- Lithium Ion Battery, Market Size & Forecast 2018-2028F, Unit Sold (Thousands)
- Lead Acid Battery, Market Size & Forecast 2018-2028F, Unit Sold (Thousands)
- Others (Nickel Metal Hydride, Nickel Cadmium, etc.), Market Size & Forecast 2018-2028F, Unit Sold (Thousands)
By Battery Capacity
- Less than 250 W, Market Size & Forecast 2018-2028F, Unit Sold (Thousands)
- 251 W to 450 W, Market Size & Forecast 2018-2028F, Unit Sold (Thousands)
- 451 W to 650 W, Market Size & Forecast 2018-2028F, Unit Sold (Thousands)
- Above 651 W, Market Size & Forecast 2018-2028F, Unit Sold (Thousands)
Geographical Growth Insights:
By Country
- Mexico
- Brazil
- Argentina
- Columbia
- Rest of Latin America
Brazil holds a substantial share of the Latin America Electric Bicycle Market. Factors such as rising urbanization, increasing traffic congestion, and growing focus & awareness among the residents as well as the government to opt for sustainable mobility are augmenting the sales of electric bicycles in the country.
MarkNtel Advisors Highlights Key Market Drivers for Latin America Electric Bicycle Market:
Gradual Shift Among the Individuals Towards Eco-friendly Mobility – Countries such as Brazil, Mexico, and others have been recording poor air quality & high rates of pollution. This is mainly due to the extensive usage of internal combustion-based vehicles & the heavy traffic congestion rate. According to the Brazil Air Quality Index in 2022, nearly 47% of the country’s energy-related carbon dioxide emissions are released by the transportation sector.
The release of harmful gases & particulate matter, in turn, resulted in severe respiratory diseases among the individuals. Therefore, leading to a behavioral change, where individuals in the region are gradually moving towards cleaner modes of transportation, such as electric bicycles, further augmenting the market growth. Daily urban commuters like working professionals & students have been transitioning to e-bicycles to reduce the overall carbon emissions from the transportation sector.
Bicycles are highly cost-effective in comparison to cars & motorbikes, can easily bypass highly congested city lanes, and do not require any additional parking space. Thus, owing to such environmental & economic factors, the adoption of electric bicycles has been growing, especially among the young population residing in the urban parts of the region.
In addition, the government across the region has set a target to substantially reduce carbon emissions by 2030 & achieve net neutrality by the year 2050. This, in turn, is fuelling the adoption of electric bicycles among the residents as well as mobility service providers across the region, thereby driving the Latin America Electric Bicycle Market.
Explore More About This Research Report @ https://www.marknteladvisors.com/research-library/latin-america-electric-bicycle-market.html
A Comprehensive Analysis of Leading Companies in Latin America Electric Bicycle Market
- E Mov Inc.
- Trek Bike Corporation
- Brazil Electric Bike
- Merida Bikes
- Caloi
- Ridley Bikes
- Haibike
- Lev Bicycles
- Vela Bikes
- E-Moving
- Others
Latin America Electric Bicycle Market Challenges:
Wide Scale Availability of Substitutes to Hamper the Growth of the Electric Bicycle Market – For electric bicycles, a wide-scale variety of substitutes is present, including traditional bicycles, electric scooters & electric bikes with low power range, and electric mopeds. These substitutes are ideal to perform & offer the benefits that an e-bicycle has, such as lost efficiency, low maintenance, the ability to bypass traffic congestion, and many others. Due to this, the buyers of electric bikes in the Latin American region can easily switch to other alternatives while buying electric bicycles, thereby hampering the Latin America Electric Bicycle Market growth.
“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”
Note: If you need additional information not included in the report, we can customize it to suit your requirements.
Contact Our Analysts for Brochure Requests, Customization, or Any Pre-Purchase Inquiries: https://www.marknteladvisors.com/query/request-customization/latin-america-electric-bicycle-market.html
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
More Research Studies:
- The Global Levulinic Acid Market size is valued at around USD 134million in 2023 and is estimated to grow at a CAGR of about 8.88% during the forecast period 2024-29.
- Global Plastic Recycling Market poised to surge from USD9Billion in 2023 to USD 59.23 Billion by 2030, with an 8.72% CAGR from 2024-30 cites MarkNtel Advisors.
- US Electric Truck Market size is valued at USD42million in 2023 and is projected to reach USD 13.92 Billion by 2030. The Market is also estimated to grow at a CAGR of around 36.16% during the forecast period 2024-30.
Media Contact:
Company Name: MarkNtel Advisors
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
Email: sales@marknteladvisors.com
Phone: +1 628 895 8081, +91 120 4278433
Website: www.marknteladvisors.com/