Electric Bike Kit Market to reach $ 2.9 Bn by 2032, Says Global Market Insights Inc. [Yahoo! Finance]
CONTL AG S/ADR (CTTAY)
NASDAQ:AMEX Investor Relations:
continental-corporation.com/en/investors/overview
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Source: Yahoo! Finance
KG, Panasonic Corporation, Tongsheng Group Co., Ltd, Continental AG, Samsung SDI Co., Ltd, and Giant Manufacturing Co., Ltd. Selbyville, Delaware, Aug. 27, 2024 (GLOBE NEWSWIRE) -- The electric bike kit market valuation is predicted to cross USD 2.9 billion by 2032, as reported in a research study by Global Market Insights Inc. Urbanization and rising population density in major cities are key drivers behind market growth. The World Bank reports that cities currently house about 56% of the global population, equating to roughly 4.4 billion people. As urban areas expand and densify, traditional transportation methods, including cars and public transit, grapple with challenges like congestion and pollution. Electric bikes market emerge as a practical solution for urban commuters, enabling swift navigation through crowded streets. Their compactness and agility make them ideal for tight city spaces and areas off-limits to larger vehicles. Furthermore, the push for sustainable tran
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