Electric Bicycle Market 2018 To 2023 Analysis Research Report: By Industry Size, Share, Major Companies - Pedego Electric Bikes, Accell, Karbon Kinetics Limited, Moustache Bikes, Jiangsu Xinri E-Vehicle, Derby Cycle, And myStromer

Electric Bicycle Market Research Report - Forecast to 2023, is Global Electric Bicycle Market Report Segmented by 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), Regions– Forecast till 2023. The global Electric Bicycle market is being majorly driven by factors such as 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.

The prominent players in the Electric Bicycle market include –

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.

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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 Market is expected to reach a market size of USD 21,347 million by 2023, with a CAGR of 5.91%.

Furthermore, the market is expected to witness growth opportunities over the forecast period as various governing bodies have launched initiatives with the purpose to build bicycle highway lanes for e-bikes and motorized vehicles. The schemes are funded with a huge budget, and it will also focus on improving the biking infrastructure. There have been proposals to develop two-way bike lanes on one-way streets to ensure quick commuting of cycles. This will ensure a higher use of bikes than the metro, for daily commute. 

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

By Type:

Pedal Assist or Pedelecs

Power on Demand

Pedal Assist with Power on Demand

By Electric Battery Type:

Sealed Lead Acid

Li-Ion Battery

By Motor Type:

Hub Motor

Mid Drive Electric

By Region:

North America

Europe

Asia Pacific

Rest of the World

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.

The report for Global Electric Bicycle Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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