North American E-Bike Market Expected To Reach $1.62 Billion By 2027, Globally $92 Billion by 2029

PALM BEACH, Fla., Sept. 14, 2022 /PRNewswire/ -- FinancialNewsMedia.com News Commentary - E-bikes are bicycles with a battery-powered assist that comes via pedaling and, in some cases, a throttle. E-bikes are bicycles augmented with an electric motor that makes the ride easier. Owing to the COVID-19 pandemic, micro-mobility turned into an essential transportation service. After an initial slump in e-bike sales during lockdowns, the demand for e-bikes skyrocketed, as various dealers in the United States reported more than a 100% increase in sales year-over-year. Governments are investing in bike sharing programs and bike lanes and more pedestrian-friendly streets as part of major initiatives to increase transportation options, enhance road safety, and improve the environment. All these developments are driving the market's growth. Fortune Business Insights projected Globally the E-Bike market is projected to reach $92 Billion by 2029 whereas a report from Mordor Intelligence said that the North American e-bike market alone is expected to reach USD $1.62 billion by 2027, registering a CAGR of 12.51% during the forecast period (2022 - 2027). The report said: "Electric transportation is not limited only to four wheels as e-bikes are experiencing incredible growth in sales, not only in the European countries but also in the United States, owing to technological advancements in battery packs and drive motors and e-bike sharing. Active Companies in the markets today include American Rebel Holdings, Inc. (NASDAQ: AREB), Volcon Inc. (NASDAQ: VLCN), Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE), Canoo (NASDAQ: GOEV), Clarus Corporation (NASDAQ: CLAR).

The article continued: "E-cargo bikes are gaining traction in major cities in the region, as leading logistics companies like DHL Express, Fed-Ex, and UPS are employing e-bikes for their last-mile delivery. These electrically-assisted cycles, which can carry around goods ranging in size from 400 pounds to 800 pounds, are also in use in several pilot projects in US cities. The pedal-assisted segment is expected to dominate the market during the forecast period. Pedal-assist is an operating mode on an electric bike, where once it is activated, the motor kicks in while the rider is pedaling. It is designed to help the rider pedal easier and has varied settings, allowing the users an effortless ride at the desired speed. The major players in the market are adopting various growth strategies, such as partnerships and collaborations, to capture most of the market share. Moreover, product launches are expected to make the regional market more competitive in the pedal-assisted segment."

American Rebel Holdings, Inc. (NASDAQ: AREB) BREAKING NEWS: American Rebel to Enter the E-Bike Business American Rebel Holdings, Inc. – America's Patriotic Brand (the "Company") announces signing a letter of intent with Deerfield, Florida based Sierra E-Life, a full-service USA manufacturer of E-Bikes.

"We are very excited to diversify our product offerings, thereby enhancing American Rebel as a lifestyle brand, by entering the futuristic, technology-savvy market of E-Bikes," said American Rebel CEO Andy Ross. "We think the E-Bike market is ready for the E-Bike with an attitude! American Rebel's grit, style and patriotic appeal will carry through to every product we design and put the American Rebel name on."