E-bike market to grow at a CAGR of 3.42 percent and 4.35% in terms of revenue and unit shipment, respectively, during the period 2014-2019
Deerfield Beach, FL -- (SBWIRE) -- 08/21/2015 -- Global E-bike market to grow at a CAGR of 3.42 percent and 4.35 percent in terms of revenue and unit shipment, respectively, during the period 2014-2019.E-bike commonly known as electric bicycle or booster bicycle is a bike that has an integrated electric motor used for propulsion. According to the power that an electric motor can deliver and the control system, e-bikes can be classified as e-bikes with pedal-assist only, with power-on-demand and pedal-assist, or with power-on-demand only. Depending on the laws, in many countries, e-bikes are classified as bicycles than mopeds or motorcycles so that they are not subjected to stringent laws regarding their certification and operation. E-bikes are also treated as a special vehicle type in many areas of legal jurisdiction.
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Consumers are increasingly adopting e-bikes rather than e-automobiles because of the increased urbanization, which is resulting in traffic congestion. E-bikes help beat traffic and keep the biker fit and healthy. Moreover, vendors have started using next-generation batteries for e-bike applications and using miniaturized batteries to increase the efficiency and overall performance of e-bikes by reducing the overall weight.
"Vendors have started to provide a battery management system that consists of parallel cells and modules,".
"This battery management system helps increase power production and increases the speed of e-bikes with minimal battery recharging, and also reduces the overall weight of e-bikes and increases the lifecycle of the battery."
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Covered in this Report
This report covers the present scenario and the growth prospects of the Global E-bike market for the period 2015-2019. To calculate market size, the report considers revenue generated through the sale of e-bikes and the unit shipments of e-bikes.
Global E-bike Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Western Europe, North America, and the ROW; it also covers the Global E-bike market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Market Drivers:
Increase in Disposable Income
Increased Concern over Health and Environment among Consumers
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Key Market Trends:
Increased Popularity of E-bikes
E-bikes with Interactive Features
Implementation of Battery Management Systems
Key Market Vendors:
Derby Cycle AG
Jiangsu Xinri E-Vehicle Co. Ltd.
Zhejiang Luyuan Electric Vehicle Co. Ltd.
To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.