Electric Bicycle Market 2018 Key Country Analysis: Global Size, Trends, Top Company Vmoto Limited, Hero Electric, Jiangsu Xinri, Ampere Vehicles, YO bykes, Yadea, F-wheel, Hybike, Robstep, and Zero Motorcycles Analysis To 2023

Electric Bicycle Market 2018 Global Industry Trends, Size, Share, Sales and Regional Analysis Report, include historic data, with forecast data to 2023. Electric Bicycle Market research report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, and key player’s outlook. Electric Bicycle Market is growing at 5.91% CAGR by 2023.

Global Electric Bicycle Market is growing at high growth rate during forecast period of four years from 2018. Electric Bicycle Market is segmented by Type (Pedal Assist/ Pedelecs, Power on Demand, Pedal Assist with Power on Demand), Battery Type (Sealed Lead Acid, Li-Ion Battery), Motor Type (Hub Motor, Mid Drive Electric), and Regions in this report.

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Competitive Landscape

Electric Bicycle Market Key Players Analyzed in Report Are:

NYCeWheels (U.S.), Accell Group (Netherlands), Derby Cycle (Germany), Easy Motion USA (California), Moustache Bikes (France), and 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) are among others.

The global Electric Bicycle Market is highly competitive. The market players are leveraging various strategies such as acquisitions, partnerships, and investments to stay ahead of the competition in the global Electric Bicycle Market.

Market Scenario:

Electric bicycles (or e-bikes) contain integrated electric motors that can be used for propulsion. E-bikes use rechargeable batteries that can travel up to 25 to 32 km/h, depending on the country’s government regulation. Electric bicycle contains integrated electric motor that provides power to the bicycle for operation. There are different types of electric bicycles such as pedal assist or pedelecs, power on demand, and pedal assist with power on demand. There are different motor used for the operation such as hub motor mid drive electric. They use rechargeable battery that can travel up to the limitation demonstrated by the government of the country. Cycling has become extremely popular in many parts of the region such as Europe and North America. The market has been performing outstandingly for the past five years. There are many reasons for its success but one of the most important factors is the ease of riding-bikes require less physical effort than traditional bicycles, and they are fun to ride. It also helps in improving the personal health and well-being. They are popular, especially among women. Because of e-bikes, cyclists can get to enjoy fresh air and country side holiday without breaking a sweat. Riding an e-bike can be less exhausting than a traditional cycle. This comfort of riding enables people to adopt this type of bicycles. This increase in the demand for riding e-bicycle, will result in the growth of global e-bicycle market. The electric bicycle market is expected to grow over the CAGR of around 5.91% during the period 2017 to 2023.

The growth of the global electric bicycles market can be attributed to various driving factors such as strict government regulations coupled with the emergence of eco-friendly vehicles and the increasing fuel prices. Because of e-bikes, cyclists get to enjoy fresh air and countryside holiday without breaking a sweat. Riding an e-bike can be less exhausting than a traditional bicycle. This comfort of riding enables people to adopt this type of bicycles. This increase in the demand for riding e-bicycles, will result in the growth of global e-bicycle market. Modern tourism is closely linked to development and covers the high number of new destinations. These dynamics have turned tourism into a key driver for the automotive industry. The expanding transport projects in emerging nations are expected to reveal greater logistics opportunities and raise the demand for both, commercial and passenger vehicles in Asia Pacific over the forecast period.

Regional Analysis

On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific has dominated the market during the forecast period. In Asia Pacific, China is the largest market due to increase in demand for the parking space. According to statistics from ‘Make in India’, India is the seventh largest producer of automobiles in the world. The increasing disposable income of the middle-class population and the propensity of buyer’s towards high end-luxury products are propelling the growth of electric bicycles in the country. Moreover, the support of government in the form of lower excise duties, automotive mission plans, and the constitution of NATRiP (National Automotive Testing and R&D Infrastructure Project) among others are also acting as key drivers for the growth of this market. Europe is the second largest market due to growing tourism sector. 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. Germany is the largest bicycle market in Europe. The country has the largest bicycle ownership in the continent with an estimated 70 million bicycles for 82 million people. Cycling is increasingly seen as a predominant choice for transport and an important part of German holiday activity. Furthermore, it leads to an active and health-conscious lifestyle. Germany is one of the popular destinations for international as well as European travelers. With 2 million years of history, the country has huge landscapes of forests, mountain ranges, rivers and North Sea Beaches. This will enable the region to grow at the highest CAGR during the forecast period.

Market Segmentation:

On the basis of type, the market has been segmented as Pedal Assist (or Pedelecs), Pedal Assist with Power on Demand and Power on Demand. Amongst these, Pedal Assist segment accounted for the largest share. Pedal Assist is the mode of cycling where the power is provided only when you pedal. The pedal assist mode is more comfortable and more widely adopted than throttle when one is used to riding the bicycle. In pedal assist mode, the rider can mainly focus on pedalling and doesn’t have to control the throttle. Pedal assist bicycles have different levels of assistance such as low, medium, and high. Depending on the level of assistance, the rider can experience the comfort of the ride.

List of Tables:

TABLE 1 MARKET SYNOPSIS

TABLE 2 GLOBAL ELECTRIC BICYCLES MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 3 GLOBAL ELECTRIC BICYCLES MARKET, BY MOTOR TYPE, 2015-2023 (USD MILLION)

TABLE 4 GLOBAL ELECTRIC BICYCLES MARKET, BY REGION, 2015-2023 (USD MILLION)

TABLE 5 NORTH AMERICA: GLOBAL ELECTRIC BICYCLES MARKET, BY COUNTRY, 2015-2023 (USD MILLION)

TABLE 6 NORTH AMERICA: GLOBAL ELECTRIC BICYCLES MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 7 NORTH AMERICA: GLOBAL ELECTRIC BICYCLES MARKET, BY BATTERY TYPE, 2015-2023 (USD MILLION)

TABLE 8 NORTH AMERICA: GLOBAL ELECTRIC BICYCLES MARKET, BY MOTOR TYPE, 2015-2023 (USD MILLION)

TABLE 9 U.S.: GLOBAL ELECTRIC BICYCLES MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 10 U.S.: GLOBAL ELECTRIC BICYCLES MARKET, BY BATTERY TYPE, 2015-2023 (USD MILLION)

TABLE 11 U.S.: GLOBAL ELECTRIC BICYCLES MARKET, BY MOTOR TYPE, 2015-2023 (USD MILLION)

TABLE 12 CANADA: GLOBAL ELECTRIC BICYCLES MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 13 CANADA: GLOBAL ELECTRIC BICYCLES MARKET, BY BATTERY TYPE, 2015-2023 (USD MILLION)

TABLE 14 CANADA: GLOBAL ELECTRIC BICYCLES MARKET, BY MOTOR TYPE, 2015-2023 (USD MILLION)

Continued…

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us:

Amanora Chambers,

Magarpatta Road, Hadapsar

Pune - 411028

Maharashtra, India+1 646 845 9312

sales@marketresearchfuture.com

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