South Korea E-bike Market Size Share Analysis - Industry Research Report - Growth Trends

 Analysis of the South Korean e-bike market

According to projections, the South Korean e-bike market would grow at a CAGR of 4.59%.

Pedal-assisted bikes make up the greatest portion of the market by propulsion type because they are the most common type of bike used for everyday commuting. These bikes also assist individuals in preserving their health, saving money on petrol and making better travel choices.

City/Urban is the largest sector by application type because everyday commuting on these bikes is a popular practise in South Korea. Deliveries made on bicycles also contribute to the growth.

Lithium-ion batteries are the most popular battery type due to their high usage as they are lightweight, have a longer operating range, can be charged quickly, and are durable.

Segment with the fastest rate of growth in terms of propulsion - Speed Pedelec: Speed pedelec is the most common and fastest-growing segment by propulsion type due to the use of high-speed cycles to escape traffic conditions, which saves time and money.

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