Electric Bicycles Market Size, Share, Trends Analysis Report 2018: Global Industry Outlook To 2023

Electric Bicycles Market Research Report 2018: Industry Size, Share, Growth, Manufactures Analysis To 2023 of 145 pages explores Global Electric Bicycles Market Information by Type (Pedal Assist or Pedelecs, Power On Demand, And Pedal Assist With Power On Demand), Battery Type (Sealed Lead Acid and Li-Ion Battery), Motor Type (Hub Motor and Mid Drive Electric) and region. Global electric bicycle market. The electric bicycle market is expected to grow over the CAGR of around 5.91% during the period 2017 to 2023.

Electric Bicycles Companies Studied In this report are:

NYCeWheels (U.S.), Accell Group (Netherlands), Derby Cycle (Germany), Easy Motion USA (California), Moustache Bikes (France), 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).

For More Business Insights on Electric Bicycles Market Research Report - Global Forecast to 2023 Free Sample Copy Report @ https://www.marketresearchfuture.com/sample_request/4186

Global Electric Bicycles Market Overview:

Electric bicycle contains integrated electric motor that provides power to the bicycle for operation. There are different types of electric bicycles such as pedal assist or peddles, power on demand, and pedal assist with power on demand. There are different motor used for the operation such as hub motor mid drive electric. They use rechargeable battery that can travel up to the limitation demonstrated by the government of the country. Cycling has become extremely popular in many parts of the region such as Europe and North America. The market has been performing outstandingly for the past five years. There are many reasons for its success but one of the most important factors is the ease of riding-bikes require less physical effort than traditional bicycles, and they are fun to ride. It also helps in improving the personal health and well-being. They are popular, especially among women. Because of e-bikes, cyclists can get to enjoy fresh air and country side holiday without breaking a sweat. Riding an e-bike can be less exhausting than a traditional cycle. This comfort of riding enables people to adopt this type of bicycles. This increase in the demand for riding e-bicycle, will result in the growth of global e-bicycle market. The electric bicycle market is expected to grow over the CAGR of around 5.91% during the period 2017 to 2023.

Global Electric Bicycles Market 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.

Global Electric Bicycles Market Segmentation:

The Electric Bicycle market is segmented based on type, battery type, motor type, and region. On the basis of type, Pedal Assist or Pedelecs accounted for the largest market share of 46.25% in 2016, with a market value of USD 6,648.5 USD Million and is projected to grow at a CAGR of 5.87% during the forecast period. The Pedal Assist or Pedelecs segment is the largest market duen to comfort provided by the pedal assist bicycle in the ride. On the basis of battery type, the market is segmented based on sealed lead acid and Li-Ion battery. Sealed lead acid battery segment accounted for the largest share with 58.74% in the global electric bicycles market due to growth in automotive industry. On the basis of battery type, sealed lead acid battery segment dominate the global electric bicycles market with share of 58.74% in 2016, in terms of value. It is expected to grow at 3.04% CAGR during the forecast period. On the basis of motor type, the market is segmented based on hub motor and mid drive electric. Hub motor segment accounted for the largest share with 62.84% in the global electric bicycles market due to growth in automotive industry. Mid drive electric is the second largest on the basis of motor type and accounted for 37.16% share in the same year.

Browse Full Report on Electric Bicycles Market@ https://www.marketresearchfuture.com/reports/electric-bicycles-market-4186.

Target Audience of Report:

1.Distributer & Supplier companies
2.End Users
3.consultants and Investment bankers
4.Government as well as Independent Regulatory Authorities

About Market Research Future:

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.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com.

This release was published on openPR.