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According to the latest report by IMARC Group, titled “Asia Pacific Aircraft Health Monitoring Syste

Nov 01, 2021 (SUPER MARKET RESEARCH via COMTEX) -- Lip Care Products Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis,...

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CPG Logistics Market Size, Share, Industry Overview, Trends and Forecast till 2026 - Syndicated Analytics

Smart Bathroom Market Report: Size, Share, Industry Overview, Growth Rate and Forecast 2026

The United Kingdom e-bike market was valued at USD 0.22 billion in 2020, and it is expected to reach USD 0.40 billion by 2026, projecting a CAGR of 10.56% during the forecast period. With the outbreak of pandemic COVID-19, the demand for e-bikes has increased suddenly in the country and the government is also supporting the demand by investing in the infrastructure of e-bikes to encourage people to purchase more e-bikes. In recent years, the UK government has started taking steps to enhance the adoption of e-Bikes in the country. This is expected to drive the market in the country. On the other hand, the growth of the bike sharing services in the country will restrain the market growth during the forecast period. The pedal-assisted segment is expected to dominate the market, due to the legislations in the country that prevent the widespread usage of continuous throttle assisted propulsion. On the other hand, in segmentation by application, city/urban bikes currently hold the largest market share due to the widespread adoption of such bikes in the country. For sample report please visit: https://www.statzyreports.com/report/sr496846/united-kingdom-e-bike-market Key Market Trends Growing Government Incentives Even though Europe has one of the highest electric bike adoption in the world, the UK e-Bike sales are less than 3% of the bikes sold in 2018, while the bike sales of countries like Germany and Netherlands comprise 10% of the total bike sales in those countries. The UK government has started taking steps to enhance the adoption of e-Bikes in the country. The country started providing national incentives and is also planning to increase the financial subsidies on the e-Bike to promote their usage. - In September 2018, the government announced funding of GBP 2 million to support the uptake of e-cargo bikes, and in June 2019 the Cycle to Work salary sacrifice scheme was extended to include electrically assisted bicycles for commuting. The Bike 2 work scheme, a UK government backed cycle to work program allows the employer to provide staff with an electric bike 'tax free' at approximately half the retail price and at no cost to the company. However, these were not equivalent to the grant schemes that are common elsewhere in Europe for two-wheeler electrically assisted bikes for personal use. - In July 2020, the government has announced a further tax break for MPs wanting to cycle to work, which has been extended from GBP 1,000 to GBP 2,500 to accommodate for the generally higher price of e-bikes. - In addition, as of late 2020, the UK government is considering plans to subsidize the purchase of electric bikes, which could see prices to consumers drop by up to a third. The support will likely be aimed at increasing use by commuters in work clothing, as well as older and less fit riders. With the stimulus of a national incentive, the influence and impact of both government and industry can be increased. Also, with the high purchase cost of the e-bikes, these financial incentives are expected to propel the growth of the market in the country in the years to come. Pedal Assisted Captures Major Share of the Market According to the UK e-bike definition,

The global piece picking robots market was valued at USD 148.1 million in 2020 and it is expected to reach USD 2870.13 million by 2026, registering a CAGR of 62.5%, during the period of 2021-2026. With the requirement for e-commerce and product assortment quickly growing, the demand for piece-picking solutions has grown substantially. Additionally, labor deficits in the logistics industry, including securing employees for ordinary tasks such as picking, have become a hurdle for warehouse managers. - According to inVia Robotics, Inc., the amount of time that workers spend walking from location to location throughout the warehouse accounts for about 50% of the total pick time and represents more than 50% of all operational costs. Additionally, finding and retaining staff in today