Electric Bicycles Market at 5.91% CAGR : Rising Trends and Demand with Research Insights by MRFR

Global Electric Bicycles Market Information Report, By Electric Bicycle Type (Pedal Assist Or Pedelecs, Power On Demand and Pedal Assist With Power On Demand), By Battery Type (Sealed Lead Acid Battery, Li-Ion Battery Type), By Motor Type (Hub Motor, Mid Drive Electric) and By Region - Global Forecast to 2023

Market Scenario:

Global electrical bicycles or e-bikes market is increasingly driven by the increased sale of electric bicycle in the Europe and North American region. With global e-bike manufacturers targeting the European market for their sales, the growth of electric bicycle is mainly driven by the government initiatives for e-bike sales. As electric bicycle are increasingly reducing traffic and vehicular pollution, they are being increasingly used by commuters for daily travel. Moreover, Europe being one of the top tourist destinations in the world, tour operators are offering electric bicycle as a part of cycle tour package which attracts a lot of tourist. Also, Europe region has many bike sharing systems in the top cities that reduces traffic and also the subsequent vehicular pollution. This has enabled increased investment in the construction of separate cycle lanes and elevated pathways for cyclists which has further increased the sale of electric bicycle. The North America region is also following the similar trend where electric bicycle sales is driven by the reduced price range when compared with the mopeds and other vehicles.

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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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