substantial CAGR
In a substantial CAGR over the predictable period 2020 and 2027, global growth in the e-bikes market will grow (XXX). Because the batteries and electrical engines help control pollution and carbon emissions, the e-bikes market was expected to show the quickest growth rate due to a major advance to cleaner mobility. In order to reduce the impact of emissions internationally, E-bike use increases every year. The costs associated with the global automotive health damage, according to the World Bank, are 5.7 trillion USD, which is equal to 5 percent of global GDP, causing 9.5 million premature deaths. Changing habits in the direction of green and sustainable mobility is, therefore, the reason for the increased demand for electric bicycles as the significant population is shifting towards wellness and focusing more on mental and physical health. In addition, e-bikes facilitate travel and fitness for the consumers and are also ideal for leisure activities like mountain trekking for sport. The e-biking market is also largely caught up in the youth because of fun and fitness-friendly activities such as adventure sports and hill cycling. Besides, e-biking is expected to resolve problems, such as short and medium-term travel problems, overdriven motorcycles, messy town appearances, congestion in transport, potential safety risks in electric cars, and urban environmental pollution problems in the forecast year. Also, e-bikes are expected to resolve problems.