E-Bike Market Soaring to New Heights
The e-bike market is experiencing explosive growth, with projections indicating a staggering value of $138.44 billion by 2031, representing a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031. An e-bike, equipped with a power-assisted electric motor, is rapidly becoming a preferred mode of transportation. Its ease of use compared to traditional bicycles…