Electric Bicycle Industry Global Insights 2018Posted by Abhijeet Bendre on January 11th, 2019 Electric Bicycle Market 2019 Global Industry Forecast to 2024 Report, is latest Global Electric Bicycle 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. Global Electric Bicycle Market Highlights: The growth of the global electric bicycles market can be attributed to various driving factors such as strict government regulations coupled with the emergence of eco-friendly vehicles and the increasing fuel prices. Because of e-bikes, cyclists get to enjoy fresh air and countryside holiday without breaking a sweat. Riding an e-bike can be less exhausting than a traditional bicycle. This comfort of riding enables people to adopt this type of bicycles. This increase in the demand for riding e-bicycles, will result in the growth of global e-bicycle market. Modern tourism is closely linked to development and covers the high number of new destinations. These dynamics have turned tourism into a key driver for the automotive industry. The expanding transport projects in emerging nations are expected to reveal greater logistics opportunities and raise the demand for both, commercial and passenger vehicles in Asia Pacific over the forecast period. On the basis of type, the market has been segmented as Pedal Assist (or Pedelecs), Pedal Assist with Power on Demand and Power on Demand. Amongst these, Pedal Assist segment accounted for the largest share. Pedal Assist is the mode of cycling where the power is provided only when you pedal. The pedal assist mode is more comfortable and more widely adopted than throttle when one is used to riding the bicycle. In pedal assist mode, the rider can mainly focus on pedalling and doesn’t have to control the throttle. Pedal assist bicycles have different levels of assistance such as low, medium, and high. Depending on the level of assistance, the rider can experience the comfort of the ride. 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. For more information on this Electric Bicycle Industry – Global Market Report @ https://www.marketresearchfuture.com/reports/electric-bicycles-market-4186 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 Info: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Pune, India., Like it? Share it! More by this author |