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Global Electric Bicycles market is expected to witness significant growth between 2018 and 2023. Report provides Global Electric Bicycles market size, share, growth, trends forecast to 2023.
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Growth, Manufactures Analysis To 2023
Electric Bicycles Market Report 2018: Global Industry Size, Share, Growth,
Manufactures Analysis To 2023of 100 pages expands comprehensive information
on Global Electric Bicycles Market Information by Type (Pedal Assist or Pedelecs,
Power On Demand, And Pedal Assist With Power On Demand), Battery Type
(Sealed Lead Acid and Li-Ion Battery), Motor Type (Hub Motor and Mid Drive
Electric) and region Global Forecast To 2023.
Get Sample PDF Report of Electric Bicycles Market Information Report Global
Forecast to 2023 @
Electric Bicycles Companies analyzed in report are:
Companies analyzed in report are:
NYCeWheels (U.S.), Accell Group (Netherlands), Derby Cycle (Germany), Easy
Motion USA (California), Moustache Bikes (France), Jiangsu Xinri E-Vehicle Co.,
Ltd. (China), myStromer AG (Switzerland), Karbon Kinetics Limited (KKL) (U.K.),
Pedego Electric Bikes (California) and A2B Electric Bikes (U.K).
Electric Bicycles Industry 2018 To 2023 Market Analysis:
Industry 2018 To 2023 Market Analysis:
Electric bicycles are also known as e-bike. The electric bicycle contains an
integrated electric motor that can be used for propulsion. There are various types
of e-bike across the globe such as pedal assist or pedelecs, power on demand, and
pedal assist with power on demand. They use rechargeable batteries which can
travel up to 25 to 32 km/h depending on the government regulations of the
country. The electric bicycle market is expected to grow over the CAGR of around
5.91% during the period 2017 to 2023.
The factors that are responsible for the growth of electric bicycle market are
growing demand for E-Bikes among tourist, growing demand for E-Bikes among
tourists, provides rides with less physical effort, and increase in fuel price. Due to
the rising concerns regarding environmental pollution, many governments across
the world have implemented several regulations and policies to reduce vehicle
emission during the last few years. Global warming has also created a major
threat to the environment and human life.
Moreover, the emergence of eco-friendly vehicles has also been played a major
role in the increasing sales of e-bike. In Europe, people are more encouraged and
have created much awareness for eco-friendly vehicles. Additionally, the rising
health concerns, and growing demand for e-bike from tourists, have propelled the
European market for e-bike. Along with this, governments along with agencies
such as European Environment Agency and others, have set certain regulations on
vehicles to reduce the emission. As a result, a large pool of population have
shifted their preferences towards electric vehicles such as e-bikes.
According to California standard, the electric bicycle is equipped with fully
operated pedals and electric motors of less than 750 watts are segregated in
three classes, as:
Class 1: Low-Speed pedal-assisted electric bicycle.
Class 2: low-speed throttle-assisted electric bicycle.
Class 3: speed pedal-assisted electric bicycles.
On the basis of region, the market is segmented based on North America, Asia
Pacific, Europe, and Rest of the World. The Asia Pacific region has accounted for
the largest market share due to the presence of China, Japan and India. They are
one of the major factors that is driving the electric bicycle market. China is the
largest market for electric bicycle. Since 2015, the sales have grown massively in
China. However, it has created an ample scope for the automakers to cover the
region. With the global economy witnessing extraordinary growth in major
emerging countries such as China, India, Thailand, and Indonesia are becoming
manufacturing hubs for global automotive players. As a result of increasing
prosperity in the emerging economies, more and more people are able to own
bicycles, particularly in emerging Asian economies such as China and India. As the
global auto-manufacturers continue to expand into growing and emerging
markets, the demand for electric bicycle will also rise. Europe is second largest
market in the global electric bicycle market due to the increased demand of
electric bicycle in this region. Europe is one of the most visited places where e-
bikes are increasingly becoming the choice of travel, for tourists. Cycle tourism is
increasingly becoming synonymous with active tourism. People indulge in cycling
activity to experience nature and also enjoy it as a sporting activity. The e-bikes
are extremely popular among older female cycle tourist, especially over the age of
50. They are evidently becoming an important choice of holiday destinations in
Europe. Due to this the market is expected to grow during the forecast period.
The Netherland is the ultimate destination for cycling enthusiasts. The country
has excellent infrastructure, mild climate, and shorter distances and also has flat
landscape which makes cycling a predominant form of transport. The country has
35,000 kilometers of dedicated bicycle paths and cycling contributes to 27% of all
trips made by the Dutch. This growth in the cycling have led to the growth of the
market during the forecast period.
Browse Full Report on Electric Bicycles Market @
Target Audience of Report:
This report mainly focuses on Electric Bicycles market Distributer & Supplier
companies, and end Users. Investment bankers and consultants with end user for
Electric Bicycles market also analyzed. And finally Government and Independent
Regulatory Authorities involved with Global Electric Bicycles market studied.
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