Mexico E-bike Market Size & Share Analysis - Industry Research Report - Growth Trends

 E-bike Market Research in Mexico

It is anticipated that the Mexican e-bike market would grow at a CAGR of 5.89%.

Largest Segment by Propulsion Type: Pedal Assisted: The growth of the pedal-assisted e-bike segment in the Mexican e-bike market was facilitated by operators integrating pedal-assisted e-bikes into bike-sharing systems and customers favouring such bikes due to the lack of a driving licence requirement.

Most Popular sector by Application Type: City/Urban: Following the COVID-19 outbreak, commuters were reluctant to use public transit, which favoured the city/urban e-bike sector because they are the least expensive form of personal transportation.

Lithium-ion batteries are the most popular battery type because they have a longer lifespan (more than 2,000 charge cycles) than sealed lead-acid batteries (a maximum of 400 charges). Compared to sealed lead-acid batteries (7-8 hours), Li-ion batteries enable much faster charging (2–3 hours).

The fastest-growing market segment for speed pedalelecs is: Sales of speed pedelec e-bikes are anticipated to increase during the projection period as a result of expanding e-bike infrastructure in the nation's major cities and rising mountain bike demand.

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