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The European region accounted for approximately 39 % of the e-bike market. The European region was dominated by Germany, followed by France and Italy.
Due to increasingly busy lives and the need to commute daily, it has become almost necessary to own a vehicle, as public transport often is not reliable.
The e-bike market was valued at USD 23.89 billion in 2020 and is expected to reach USD 47.68 billion by 2026, growing at a CAGR of 12.27 % during the forecast period, 2021-2026.
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