Argentina Electric Bicycle (e-bike) Market Overview, 2027

"E-bikes have become a popular mode of transportation in Argentina's urban areas. With congested city streets and limited parking spaces, e-bikes offer a practical and efficient solution for daily commuting. Argentine cities like Buenos Aires have seen a rise in the adoption of e-bikes as a means of navigating through traffic and reducing travel time. Argentina has been investing in cycling infrastructure to promote biking and e-biking. The government has implemented measures to create dedicated bike lanes, install bike parking facilities, and enhance safety for cyclists. This infrastructure development has contributed to the growth of the e-bike market and improved the overall cycling experience. Cycling holds a significant place in Argentine culture, with a strong cycling community and a passion for outdoor activities. This cultural appreciation extends to e-bikes, making them increasingly popular among Argentine consumers. E-bikes offer a way to enjoy the benefits of cycling while providing assisted pedaling for longer distances or challenging terrains. Argentina's diverse landscapes, including the Andes Mountains, Patagonia, and the Pampas region, provide stunning backdrops for e-bike adventures. E-bike enthusiasts can explore scenic routes, national parks, and picturesque countryside while enjoying the freedom and flexibility that e-bikes offer. Argentina's thriving tourism industry has given rise to e-bike rental services. Tourists can easily rent e-bikes to explore popular tourist destinations and experience the country's natural beauty. E-bike rentals provide a sustainable and immersive way to discover Argentina's attractions, contributing to the growth of the e-bike market. E-bikes in Argentina are embraced for their health and fitness benefits. They offer a way to stay active and incorporate physical exercise into daily routines. E-bikes allow riders to customize the level of assistance, making them suitable for individuals of varying fitness levels and encouraging more people to adopt an active lifestyle. The Argentine e-bike market fosters collaboration between manufacturers, retailers, and industry stakeholders. This collaboration promotes innovation, quality improvement, and the development of new e-bike models tailored to the specific needs of Argentine consumers. The industry's dedication to continuous improvement contributes to the market's dynamism and growth. According to the report, """"Argentina Electric Bicycle Market Overview, 2027"""", published by Bonafide Research, the market is projected to expand at a significant growth rate during the forecast period. ome cities in Argentina have integrated e-bikes into their public transportation systems. This integration allows commuters to use e-bikes for the first or last mile of their journeys, seamlessly connecting with buses or trains. E-bike sharing stations near transportation hubs provide convenient access to e-bikes for daily commuters. The e-bike market in Argentina has seen a rise in the use of electric cargo bikes for last-mile delivery services. Delivery companies and local businesses are increasingly adopting electric cargo bikes to navigate congested urban areas and deliver packages efficiently. Electric cargo bikes offer a sustainable alternative to traditional delivery vehicles. Argentina's diverse terrain and mountainous landscapes provide ample opportunities for mountain e-biking adventures. E-bike enthusiasts can explore rugged mountain trails, national parks, and off-road paths using electric mountain bikes designed for challenging terrains. This niche segment of the e-bike market caters to adventure seekers and outdoor enthusiasts. Argentina is home to numerous national parks and protected areas that attract eco-tourists and nature lovers. E-bikes are increasingly utilized as a sustainable means of exploring these natural wonders. E-bike tours and rentals in and around national parks offer visitors an eco-friendly way to experience Argentina's biodiversity and pristine landscapes. The Argentine e-bike market is witnessing an emphasis on local manufacturing. Domestic e-bike manufacturers are producing high-quality e-bikes tailored to the preferences and needs of the Argentine market. This focus on local manufacturing supports the economy, creates employment opportunities, and fosters innovation within the industry. Argentina hosts various cultural events and e-bike festivals that celebrate cycling and e-biking. These events bring together e-bike enthusiasts, professionals, and industry stakeholders to showcase the latest e-bike models, participate in races, and promote the benefits of e-bikes. E-bike festivals create a sense of community and enthusiasm around e-biking. The 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 e-Bike 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 Argentina 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: Argentina • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027

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Manmayi Raval

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Aspects covered in this report • Argentina 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

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By Battery Type • Lithium-Ion Battery • 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. """