Electric Bicycles Market | How Growing Rapidly In Global?

Electric bicycle also known as e-bike is modified bicycle with an electric motor, which offers pedal assistance to the rider. It has similar basic features as regular pushbike with electric assistance. 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.

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Growth of Electric Bicycles Market:
According to Union of Concerned Scientist, one fifth of the U.S. emissions responsible for global warming are generated due to trucks and cars. Reduction in emissions and traffic levels can be achieved by adopting eco-friendly electric bicycles that can drastically decrease traffic congestion along with negligible carbon emissions, which is expected to propel growth of the electric bicycles market over the forecast period.

Major Key Companies for A2P SMS Market are:
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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China has the largest consumer base for electric bicycles accounting for over 80% of the overall market share:

Annual unit sales of electric bicycles in China are projected to decline over the forecast period, owing to increasing traffic disruption and accidents. In 2009, around 10 cities that included Guangzhou, Changsha, Shenzhen, Changzhou, Foshan and Dongguang, had either imposed restrictions or banned usage of e-bikes. However, China is projected to retain dominance in the electric bicycles market over the forecast period due to significant demands for electric bicycles from other cities of economy.

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