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Electric Bicycles Market By Component (Controllers, Motors & Drivertrains, Batteries, Li-ion Batteries, SLA Batteries, Others), By Control System (Throttle Control, Pedal Assist), By Age Group (Below 15 Years, Above 15 Years), By Sales Channel (Online, Offline) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

"Demand for Electric Bicycles to be Positively Influenced by Rising Concern among People towards Environment Preservation"

The electric bicycles market expected to be growing at a compounded annual growth rate (CAGR) of 6.5% from 2018 to 2026 and reach US$ 25.64 Bn in 2026. What distinguishes an electric bicycle from a traditional bicycle is the presence of an integrated electric motor. The functionality of the motor lies in its ability to assist the rider's pedal-power. These bicycles use rechargeable battery and can travel at a speed of above 25km/hr. In the last couple of decades, the popularity of e-bicycles have grown manifold and there were around 210 million such bicycles used daily in 2016. China holds a major share of the overall market and the trend is expected to continue in the years to come. One of the most prominent factors aiding the adoption of e-bicycles can be attributed to rising concern among people towards environment preservation. The use of e-bicycles greatly reduces ecological footprints, air contamination and carbon emissions. The fact that these bicycles are not very expensive, further aids its adoption among people. Recent crisis and rise in the price of oil has promoted the use of ecological means of transportation, such as the electrical bicycle.

Market Synopsis

Electric Bicycles Market

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"Current Trends in the Electric Bicycle Market"

With the e-bicycle market booming, people are becoming more and more demanding as per the features and looks are concerned. As per recent trends, e-bicycles are becoming lighter and better looking. Lighter weight bicycles are made up of light materials such as carbon or aluminum. Moreover, in order give an attractive appearance, the manufacturers are integrating the battery into the frame. In coming years, additional batteries are expected to become a common trend in order to extend the range of the e-bicycle. A Germany based company, Haibike, already has a model with the same concept.

In coming years, a growing number of urban and suburban residents would seek greener modes of transportation thereby complimenting the e-bicycle market growth. This is how electrical bicycles will be used as the pillar that could support individual public transport in large cities worldwide. According to statistics, about half of the trips and procedures of a normal urban person doesn’t cross 15 kms from his/her house, thereby helping the electric bicycle market to further flourish.

Electric Bicycles Market

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"Research and Development Activities to Center around Battery Improvements in Coming Years"

Rechargeable battery acts as the source of power for every electric bicycle. With technological improvements, these batteries tend to get smaller, lighter and more powerful. Therefore, keeping the weight of a battery down and at the same time providing substantial range remains the top focus for electric bicycle battery manufacturers. Lithium batteries and lead acid batteries are the two most common type of batteries used in electric bicycles. Lead acid batteries owing to its low cost are finding application in entry-level electric bicycle models. However, in coming years, lithium ion batteries expected to find an increased application cross electric bicycles. One of the most important factor supporting the aforementioned sentence can be attributed to the fact that lithium ion batteries last longer and generate more power for their weight as compared to other batteries. However, high price of lithium ion batteries is an important factor offsetting its application in electric bicycles.

Electric Bicycles Market

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"Asia Pacific to remain the largest Market throughout the Forecast Period"

Asia Pacific represents the largest market for electric bicycles worldwide and expected to register the fastest growth throughout the forecast period. China and India expected to remain in the forefront in terms of this growth. Moreover, the demand for electric bicycles in China is further supported by the low cost of these bicycles in the country. In recent years, China has been exporting electric bicycles in large number to the U.S. and European countries.

Europe and North America expected to remain other important markets for electric bicycles in the coming years. The presence of a large number of bicycle manufacturers headquartered in the region has helped the market to flourish. Moreover, in terms of technology, these regions have always remained in the forefront.

Electric Bicycles Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The report elucidates the detailed outline of global electric bicycles market by categorizing the market in terms of component, control system, age group, sales channel and geography.

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Billion
Segmentation

 Component (2016–2026; US$ Bn)
 • Controllers
 • Motors & Drivetrains
 • Batteries
     o Li-ion Batteries
     o SLA Batteries
     o Others (NiCad and NiMH)

 Control System (2016–2026; US$ Bn)
 • Throttle Control
 • Pedal Assist

 Age Group (2016–2026; US$ Bn)
 • Below 15 years
 • Above 15 years

 Sales Channel (2016–2026; US$ Bn)
 • Online
 • Offline

 Geography Segment (2016–2026; US$ Bn)
 • North America (U.S. and Canada)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

Key players profiled in the report include Accell Group, NYCeWheels, Easy Motion USA, Derby Cycle, Jiangsu Xinri E-Vehicle Co., Ltd., Moustache Bikes, Karbon Kinetics Limited, myStromer AG, A2B Electric Bikes and Pedego Electric Bikes among others.

Key questions answered in this report

  • What was the global Electric Bicycles market size in 2017 and forecast for 2026?
  • What are the current trends in the Electric Bicycles market?
  • What are the various valuable opportunities for the players in the market?
  • Which is the largest regional market for Electric Bicycles?
  • Which region expected to be the fastest growing and why?
  • What are the future prospects for the Electric Bicycles market?
  • What are the major drivers and restraints influencing the market growth?
  • What are the new innovations by the leading players?
  • What are the key strategies adopted by the leading players in market?

 

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Published Date:  Dec 2018
Category:  Automotive & Transportation
Report ID:   59463
Report Format:   PDF
Pages:   120
Rating:    4.2 (69)
Delivery Time: 24 Hours to 48 Hours   
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