"Electric bicycles are seen as a solution for urban mobility challenges in Brazil's major cities. With heavy traffic congestion and limited public transportation options in some areas, e-bikes offer a convenient and eco-friendly alternative for short to medium distance commutes. The development of dedicated cycling lanes and infrastructure has been improving in Brazil, particularly in larger cities. The implementation of bike-sharing systems and the expansion of cycling networks have made it easier and safer for people to use electric bicycles for commuting and recreational purposes. Brazil has a well-established bicycle manufacturing industry, and several domestic manufacturers produce electric bicycles. This local production helps to meet the demand for e-bikes in the market and contributes to the growth of the industry. The price range of electric bicycles in Brazil varies depending on factors such as brand, specifications, and features. Generally, e-bikes range from affordable models to higher-end options with advanced features and technologies. In Brazil, consumers tend to prefer electric bicycles with a robust design suitable for urban commuting, with features like sturdy frames, comfortable seating, and reliable motors. Foldable e-bikes are also popular due to their portability and ease of storage in smaller living spaces. Electric bicycle sharing programs have gained popularity in Brazilian cities as well. These programs allow users to rent e-bikes for short trips, offering a flexible and sustainable transportation option. According to the report, ""Brazil Electric Bicycle Market Overview, 2027"", published by Bonafide Research, the market is projected to expand at a significant growth rate during the forecast period. Brazil has a large population and a vast territory, which presents a significant market potential for electric bicycles. The country's urban centers, in particular, offer a conducive environment for the adoption of e-bikes due to traffic congestion and limited public transportation options. While Brazil has domestic electric bicycle manufacturing, there is also a significant import market. Many international e-bike brands are available in Brazil, offering a wide range of options to consumers. Pedal-assist electric bicycles, which provide assistance when pedaling, are the most popular type of e-bikes in Brazil. These models allow riders to combine pedal power with electric assistance, providing a more active and engaging riding experience. The advancement of battery technology has had a significant impact on the electric bicycle market in Brazil. Improved battery performance, such as longer range and shorter charging times, has contributed to the overall appeal and adoption of e-bikes. Brazil has a strong focus on sustainability and reducing carbon emissions. Electric bicycles offer a greener transportation option, aligning with the country's environmental goals and contributing to a cleaner and more sustainable urban mobility landscape. While electric bicycles are primarily used for commuting, they are also popular for recreational purposes in Brazil. The country's diverse natural landscapes, such as mountains, beaches, and trails, provide opportunities for e-bike enthusiasts to enjoy outdoor adventures and explore scenic routes. The electric bicycle community in Brazil is growing, with passionate e-bike enthusiasts organizing events, group rides, and sharing their experiences online. This community plays a role in promoting e-bike culture, sharing knowledge, and encouraging new riders to join the movement. With the increasing popularity of electric bicycles, the market for e-bike accessories has also expanded in Brazil. Accessories such as helmets, panniers, racks, and specialized e-bike components are available to enhance the riding experience and cater to individual preferences.
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Download SampleThe e-Bike market is witnessing a lot of technological advancements for more optimized and reliable products. The connected e-Bike is one such advancement, wherein the SIM module enables the eBike to send and receive data to and from the cloud without a connected smartphone. The connected e-bikes provide advanced features like emergency calls, integrated navigation, social media connection, an anti-theft system, and remote diagnostics, which attract a larger customer base. Therefore, the trend for connected e-Bikes would create an opportunity for the e-Bike market to develop and grow during the forecast period. Consumer preference for e-bikes as an eco-friendly and efficient mode of transportation, rising fuel costs, and increased interest in cycling as a fitness and recreational activity across the country are expected to drive market growth. Furthermore, improvement in biking infrastructure and battery technology is expected to offer lucrative opportunities for the electric bike market's growth. According to the report, the Brazil electric bicycle (E-bike) market is segmented into two propulsion types, including pedal assist and throttle. Among these types, the pedal assist segment occupied a major portion of the market share in 2021 and is expected to continue growing during the forecast period. The higher market growth is attributed to its better battery life, lower servicing needs, and the ability for users to choose from three to five modes of pedal-assist depending on the model. However, the throttle segment is anticipated to exhibit a higher CAGR during the forecast period. Factors such as decreased pedaling effort in scenarios such as accelerating up a hill or cruising will drive the growth of this segment. Further, the market is segmented into three class types, including Class 1: Pedal Assist, Class 2: Throttle On Demand, and Class 3: Speed Pedelec. Class 1 e-bikes had the highest market revenue share in 2021 and are expected to maintain their dominance in the coming years. The rising demand for pedelecs because of their health assistance along with power assistance within the range of 25 kph that does not have any regulation on its driving is likely to propel the growth of class 1 e-bikes. Furthermore, based on the application, the city/urban segment is anticipated to dominate the market during the upcoming timeframe. COVID-19 Impacts: The COVID-19 outbreak has given a huge boost to the electric bike market. As people have become more cautious and with public transport taking a backseat even after the lifting of lockdowns, electric bikes have turned out to be the preferred choice of transport because it's fast, easy to ride, cheap and safe. The government restrictions and lockdowns during the first quarter of 2020 dampened the sale of e-Bikes as the stores were closed, and the commute was allowed for only essential services. However, after removing all impositions due to increased vaccination drives, things have started to normalize with the opening of offices and all other regular activity stores globally, which has again increased the regular travel scenario of commuters. The electric bike market is estimated to observe a huge boost in sales post-COVID-19 during the forecast period. Considered in this report • Geography: Brazil • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027
Aspects covered in this report •Brazil Electric Bicycle (E-Bikes) market with its value and forecast along with its segments • Various divers and challenges • Ongoing trends and developments • Five force models • Top profiled companies • Strategic recommendation Segment covered in the report • By Propulsion Type • Pedal Assist • Throttle By Class Type • Class 1: Pedal Assist • Class 2: Throttle On Demand • Class 3: Speed Pedelec
By Battery Type • Lithium-Ion Batter •Lead-Acid Battery • Others By Application • City/Urban • Trekking (E-mountain Bikes/e-MTB) • Cargo • Others (Speed e-bikes, Foldable, Fat Bicycle) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing the government- generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have verified the details obtained from secondary sources. Intended audience: This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to electric bicycle products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry."
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