Electric Bicycles Market Strategies To Boost Returns On Investment Till 2026 | Accell Group, Derby Cycle AG, Easy Motion, Jiangsu Xinri E-Vehicle Co. Ltd., Panasonic, Pedego, Stromer, and Yadea Technology Group Co. Ltd., BionX, Bosch

Electric bicycles are the largest selling electric vehicles in the world and are estimated to cross 36 million mark by 2025. Reduction in weights aided by integration of Li-ion batteries, low cost, wide availability, and minimal environment impacts are expected to be the major factors fueling growth of the industry over the forecast period. Increasing urbanization and concerns regarding the environmental impacts of motor vehicles across the global economies are expected to further augment growth of market.

Industry is characterized by large number of number of entrants participating in the competition, primarily owing to introduction of new crowd funded projects to reduce the carbon footprints and increasing demands in Germany, India, Netherlands and the U.S. Key players operating in electric bicycles market include Accell Group, Derby Cycle AG, Easy Motion, Jiangsu Xinri E-Vehicle Co. Ltd., Panasonic, Pedego, Stromer, and Yadea Technology Group Co. Ltd., BionX, Bosch, Electric Bike Technologies LLC, Giant Bicycles, GRACE, Superpedestrian, and Trek.

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Increasing motor vehicles traffic levels have led to increased road accidents over the past decade, accounting for over 1.25 million deaths in 2015, according to report published by World Health Organization (WHO). Increasing awareness and government initiatives to promote use of battery operated vehicles is resulting into increasing adoption of eco-friendly vehicles by consumers.

According to National Health Service (NHS), exercise-based rehabilitation programs can reduce deaths risks by 25% and adoption of these bikes provide less cardiac exertion for people with existing coronary problems. Patients suffering from obesity who are unable to exercise can comfortably use these bicycles, which allows them taking short breaks from pedaling. Moreover, biking on rough terrains and difficult slopes by bikers is also fueling growth of the market.

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