Electric Bicycle Market Global Industry Key Company Outlook: Pedego Electric Bikes, Karbon Kinetics, Derby Cycle, NYCeWheels, Accell, Easy Motion, Moustache Bikes, Jiangsu Xinri E-Vehicle, myStromer, and A2B Electric Bikes

Electric Bicycle Market to hit $21,347 million by 2023, at growth rate of 4.5 % CAGR from 2018 to 2023. Global Electric Bicycle Market is analyzed by Material (Composite Plastic, Metal and Fiber), By Positioning (Front ends and Rear ends), By End Market (OEM and Aftermarket) and Region - Forecast 2017-2023

Major Players Analyzed In Report Are:

The key players in electric bicycle market 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.

Get Sample Copy of Report At: https://www.marketresearchfuture.com/sample_request/4186

Market Dynamics:

Growing Popularity Owing To Technological Advance Is The Prime Determinant Fuelling The Marker Growth. Technological advancements such as the development of lighter rechargeable batteries, lighter and stronger frames owing to improvements in material technology as exemplified by carbon fiber and others have resulted in bikes capable of reaching average speeds up to 25 to 32 km/h. Powerful bikes with a powerful battery and assisted by pedal power can reach 45 km/h. Thus, electric bicycles are gaining popularity as they are replacing fossil fuel powered mopeds. 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. 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.

The attractive environmental credentials of e-bikes have led to regulatory approval and incentives by many Governments. For example, the Little Rock, Arkansas authorities have favored the Wavecrest electric power-assisted bicycles while California police had supported Zap e-bikes. Strong partnerships between e-bike manufacturers and public organizations such as universities are expected to result in faster adoption and technological sharing. China’s e-bike manufacturer Xinri, had partnered with universities for technological development. Lax regulations for electric bikes and construction of bicycle highway lanes are other drivers of the market.

Segmentation:

This study provides an overview of the global electric bicycle market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive electric drivetrain systems market by its type, battery type, motor type, and region

Regional Analysis

The Asia Pacific region accounted for the most significant share of the market and is dominated by China and followed by India and Japan. China is the most significant market for an electric bicycle. China has witnessed an explosive growth of electric bicycles sales led by Chinese local government’s efforts to restrict motorcycles in city centers owing to traffic disruption. Motorbikes are banned or limited in over ninety major Chinese cities, and their share has been captured by e-bikes. However, road accidents have challenged the growing electric bicycles market with restrictions on e-bikes on the same grounds. Cities such as Guangzhou, Shenzhen, Changsha, Foshan, Changzhou, and Dongguang have banned electric bicycles. Tianjin, Zhejiang, Jiangsu, Shandong, and Shanghai are significant regions of productions of electric bicycles.

The Asia Pacific is followed by Europe with Netherlands, Germany, Sweden, Finland, and others driving fast growth. The Netherlands is poised to be the fastest growing market, and electric bicycles are expected to acquire a market size of more than 10 % of total two wheelers market and 25 % of total bicycle sales during the forecast period.

North America led by the U.S. accounts for the third most significant market share. The market is growing owing to their application expanse such as food delivery vehicles. However, the lower petroleum prices are expected to slow down the market growth. The Middle East and Africa market are skewed in favor of the Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.

Major Table of Content:

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)

Browse more details about “Electric Bicycle Market Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/reports/electric-bicycles-market-4186

About Us:

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

This release was published on openPR.