Dallas, TX -- (SBWire) -- 10/19/2018 --According to statistics, the global electric bicycle market size will witness a growth of xx% CAGR during the forecast period of 2018 to 2025. Both macro-economic as well as micro-economic factors is predicted to shape the electric bicycles market. Constant advancement in technology have enabled the development of environment-friendly and comfortable electric bikes. An effort toward reducing carbon footprint is also promoting the higher use of electric bicycles.
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Furthermore, government support and implementation of strict rules has pushed the sales of electric bicycles globally. Metro cities especially in European and North American countries have launched concepts of rental service and public charging infrastructure for e-bikes is on escalation. Market players spending huge amount on research and development to develop highly efficient batteries has fueled the adoption of electric bicycles. Moreover, manufacturers push their sales positively by promoting their products which reduces greenhouse effect as their bikes reflect lesser tailpipe emissions.
However, some key factors are posing challenges to the electric bicycle industry. One of the issue that hampers the growth is highly expensive electric bicycles which are not affordable. These bicycles run on batteries, demands for frequent charging which remains a major challenge. Maintenance of the product with full-fledged charging infrastructure holds importance but overprice dissuades users from buying electric bicycles.
Geographically, Asia-Pacific excluding Japan (APEJ) region is anticipated to lead the global electric bicycle industry. China is a country observed with increased consumption of electric bicycles, which has up surged the sales figures, thus impacts the market growth positively. In India, government is looking forward to replace each and every fuel-running vehicle with electric bicycles by the end of 2035.
Prominent key players in electric bicycle market are:-
- Derby Cycle (Germany)
- Moustache Bikes (France)
- NYCeWheels (U.S.)
- Accell Group (Netherlands)
- Easy Motion USA (California)
- Pedego Electric Bikes (California) (China)
- Karbon Kinetics Limited (KKL) (U.K.)
- Jiangsu Xinri E-Vehicle Co., Ltd.
- A2B Electric Bikes (U.K) and others.
Market size split by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Spain
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
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2. Related Topic:- Global Luxury Bicycles Market 2018-2025
The global luxury bicycles market size was anticipated to be $xx Million in 2017 and is awaited to reach $xx Million during the forecast period. Recently, there has been a rise in the bicycle riding trend. It is a cost-effective mode of transport that helps in reducing pollution that damages the ozone layer. Many people use bicycles for amusement and some for its health benefits.
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The issue of intense traffic and increasing prices of fuel are two of the major reasons that drive the growth of luxury bicycles market. Increasing health concerns among the population are adopting the use of green transportation which helps reduce carbon footprint and plays a major role in the development of global luxury bicycles market. In addition, government support towards bicycles and their fast development in developing economies as well as developed ones will help increase the sales of the bicycle in the coming years. The most rising application of bicycles in recreational activities and trekking will upsurge the value for luxury bicycles.
Reduction in the emission levels and fossil fuels levels are projected to increase the demand for luxury bicycle market. Due to reduction in fossil fuel levels, the world has experienced a depletion in the production of fossil fuels. Therefore, for the conservation of fossil fuels, the increase in the use of bicycle will boost the growth of the luxury bicycle market.
Topographically, regions involved in the development of luxury bicycle industry are China, Europe, Japan, North America, Southeast Asia and many more. North America is propelled to witness a growth in the luxury bicycle market.
Players involved in increasing the luxury bicycle market size are:-
- Cicli Mattio
- Trek, Moulton, Bastion
- Moustache Bikes
- Montante
- B2G Bikes
- Stromer
- LIOS Bikes
- Giant
- Petrini
- Accell Group
- Dorel Industries and many more.
Major Point from Table of Content:
Chapter One: Study Coverage
Chapter Two: Executive Summary
Chapter Three: Breakdown Data by Manufacturers
Chapter Four: Breakdown Data by Type
Chapter Five: Breakdown Data by Application
Chapter Six: North America
Chapter Seven: Europe
Chapter Eight: Asia Pacific
Chapter Nine: Central & South America
Chapter Ten: Middle East and Africa
Chapter Eleven: Company Profiles
Chapter Twelve: Market Opportunities, Challenges, Risks and Influences Factors Analysis
Chapter Thirteen: Value Chain and Sales Channels Analysis
Chapter Fourteen: Research Findings and Conclusion
Chapter Fifteen: Appendix
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Global Electric Bicycles Market Size 2018-2025: By Brands, Price, Sales Statistics, Pedal-Assist, Power-on-Demand, Emerging Trends, and Regional Opportunities
This report on electric bicycles & luxury bicycles studies all the characteristic of the present and forthcoming industry growth information which is climacteric for the leading market participant.The analysis of pioneering verticals and geographical regions is also discussed to anticipate the deployment rate of Industry.