Global Electric Bicycle Market: Rising Demand Leads to Sustained Growth during the Period 2017-2022


Published on : Aug 09, 2017

Albany, New York, August 9, 2017: Electric bicycles (e-bikes) continue to be the highest selling electric vehicle on the planet, with nearly 35 million unit sales forecast for 2016. There are a great variety of e-bikes available worldwide, due to this the market has a huge demand. Considering this, Market Research Hub (MRH) has recently broadcasted a study to its wide repository, which is titled as “Global Electric Bicycle Market Outlook 2017-2022” and offers a detailed analysis of the volumes, prices, historical growth and future perspectives in the Electric Bicycle market. Further, the study lays out an analysis of the factors influencing the supply/demand for Electric Bicycle, and the opportunities/challenges faced by industry participants.

An electric bicycle, also known as an e-bike, is a bicycle with a combined electric motor which can be used for propulsion. The study finds that rising levels of population density and traffic congestion around the world are driving interest in different ways of transportation. In this scenario, E-bikes are distinctively positioned to be a primary benefactor of this trend since they are low in cost relative to cars and do not require licenses to run. E-bikes use rechargeable batteries and the lighter varieties can travel up to 25 to 32 km/h (16 to 20 mph). These E-bikes have gone through many technological deviations such as implementing sophisticated tools for production and improved quality which may be the driving factor of global bicycle market.

In terms of geography, the study provides extensive market forecasts (2016-2021) by focusing on prime region/country and sub sectors. Regions highlighted in the report are North America, Asia Pacific, Europe and Rest of the world. As per the report, the market for electric bicycles has become well-established in some regions, particularly in Asia Pacific and Europe. The market segmentation has been further included in the study, which provides analysis on the basis of product type, technology and applications.

Moreover, the study provides a detailed analysis of the market opportunities, key drivers of growth, and technology trends associated with electric bicycles. It has been analyzed that innovative emerging trends in the e-bicycle market have helped position the industry for increased market growth. To explore this, global market forecasts for annual e-bicycle unit sales and revenue, segmented by region and extend through 2025 has been given. Forecasts of traditional bicycle sales and estimates of electric bicycles market share of the total bicycle market by region are also provided, as well.

Further, the report covers crucial technological developments in the recent periods and profiles leading players in the market and studies their key strategies. The major players in the global Electric Bicycle market are Yadea (China), BH BIKES (USA), Luyuan (China), Jiangsu Xinri (China), AIMA (China), Accell Group (Netherlands), Derby Cycle (Germany), Pedego (USA), Stromer (Switzerland) etc.

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