Press release
Electric Bicycles Market Research Report shows Unparalleled Surge in Industry at 4.5% CAGR, Forecast to 2023
The Electric bicycle market is expected to grow over the CAGR of around 4.5% during the period 2017 to 2023.
Market Highlights
Global electric bicycle market is witnessing a strong growth with many companies are manufacturing new electric bicycle for variety of purposes. The electric bicycle are majorly used for daily commuting and tourism purposes. With the motor enabling propulsion, it is very easy to travel long distances and with advancement in the battery technologies, recharging is also very easy. There are increased government initiatives for the sales of electric bicycle because use of electric bicycle reduce traffic congestion, and also they reduce vehicular carbon emissions.
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Market Research Analysis
Electric bicycle or pedelecs are increasingly becoming popular among cyclists. The electric bicycle are a promising alternative option for new form of urban transport in cities. The main advantage of using an e-bike is the fact that they are as fun as regular bicycles, they have zero emissions, and they are easy to ride and park and has lot of power than traditional bicycles. The electric motor in the e-bike provides additional power assistance when pedaling up a hill or trekking on a mountain trip. The E-MTB (Mountain Bike) segment is the fastest growing segment in the e-bike market and they appeal to younger age people. The electric bicycle are gaining popularity because of same legal status like conventional bicycles and motorcycles and are an attractive alternative for cars. There are wide range of e-bike models to choose from and like traditional bicycles, electric bicycle can be carried in public transportation systems like buses, trains and trams.
Key Players
The key players of the global electric bicycle market are NYCeWheels (USA), Accell Group , (Netherlands), A2B Electric Bikes (UK), Derby Cycle (Germany), Easy Motion (USA), Moustache Bikes (USA), Jiangsu Xinri E-Vehicle Co. Ltd (China), myStromer AG (Switzerland), GoCycle (UK) and Pedego Electric Bikes (USA).
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Scope of the Report
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 Electric bicycle market by E-Bike Type, by battery type, by motor type and by regions.
By E-bike type
• Pedal assist (Pedelecs)
• Power demand with pedal assist
• Power demand only
By Battery Type
• Sealed Lead Acid Battery
• Li-ion battery type
By Motor Type
• Hub motor
• Mid drive electric motor
By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World
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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.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand,
Market Research Future
Pune – 411028
Maharashtra, India
Phone No. :+1 646 845 9312
Email: sales@marketresearchfuture.com
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