Apr 01, 2019 (Heraldkeeper via COMTEX) -- Electric Bicycles Marke t to rise at 5.91% growth rate and reach USD 21,347 Million market value during 2019 and 2023 due to trends relating to smart transportation and maintaining a healthy lifestyle. Moreover, there has been an increasing level of emphasis on reducing the reliance on automobiles that consume depleting energy resources on an increased scale. Electric bicycles are also seeing an escalation in demand due to contemporary tourism practices that involve conveyance options such as that of self-driving options, according to Global Electric Bicycles Market 2019 Industry Report published by “Market Research Future”.
Key Players Profiled in the latest report by Market Research Future include:
Accell Group (Netherlands), NYCeWheels (U.S.), Derby Cycle (Germany), Easy Motion USA (California), myStromer AG (Switzerland), Karbon Kinetics Limited (KKL) (U.K.), Moustache Bikes (France), and Jiangsu Xinri E-Vehicle Co., Ltd. (China), Pedego Electric Bikes (California), and A2B Electric Bikes (U.K) are among others.
Get Free Sample Electric Bicycles Market Research Report – Global Forecast to 2022 Report at: https://www.marketresearchfuture.com/sample_request/4186
Electric Bicycles Market Overview:
For this study Electric Bicycles Market is segmented by Type (Pedal Assist/ Pedelecs, Power on Demand, Pedal Assist with Power on Demand), Battery Type (Sealed Lead Acid, Li-Ion Battery), Motor Type (Hub Motor, Mid Drive Electric), Regions- Forecast till 2023.
The traffic levels are burgeoning worldwide; this has created a potential market opportunity for electric vehicles globally. Market reports linked to the automobile industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is anticipated to gross income worth USD 21,347 million while developing with a CAGR of 5.91% in the duration of the forecast period.
Furthermore, the market is expected to witness growth opportunities over the forecast period as various governing bodies have launched initiatives with the purpose to build bicycle highway lanes for e-bikes and motorized vehicles. The schemes are funded with a huge budget, and it will also focus on improving the biking infrastructure. There have been proposals to develop two-way bike lanes on one-way streets to ensure quick commuting of cycles. This will ensure a higher use of bikes than the metro, for daily commute.
The segmentation of the electric bicycles is segmented on the basis of type, battery type, motor type and regions.
On the basis of type, the electric bicycle market is segmented into power on demand, pedal assist/ pedelecs, pedal assist with power on demand.
On the basis of battery type, the market is segmented into Li-ion battery and sealed lead acid.
On the basis of motor type, the electric bicycles market is segmented into mid drive electric and hub motor. By Regions, the market is segmented into Asia Pacific, Europe, North America and rest of the world.
Detailed Regional Analysis:
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Amongst these, the Asia Pacific region is dominating the electric bicycle market. Presence of developing nations such as China, Japan and India is one of the major factors driving the electric bicycle market. China is the largest market for electric bicycle. Since 2015, the sales have grown massively in China. Outgrowing U.S., China is now the most attractive country for electric bicycles. China has strengthened its industry leadership by making profits across all scopes of the supply side of electric bicycles including current and projected production of electric bicycle and their components, such as electric motors and lithium-ion battery cells.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS