Electric Bicycles Market Growth and Sales Forecast 2019 – 2025
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Los Angeles, CA -- (SBWire) -- 03/20/2019 --An electric bicycle, also known as an e-bike, power bike or booster bike, is a bicycle with an integrated electric motor which can be used for propulsion. Many kinds of e-bikes are available worldwide, from e-bikes that only have a small motor to assist the rider's pedal-power to somewhat more powerful e-bikes which tend closer to moped-style functionality: all, however, retain the ability to be pedalled by the rider and are therefore not electric motorcycles.
First of all, the growth of the global electric bicycles market is caused by various driving factors such as strict government regulations. emergence of eco-friendly vehicles and the increasing fuel prices attract potential customers. Second, due to the rising concerns regarding environmental pollution, many governments across the world have implemented several regulations and policies to reduce vehicle emission during the last few years. Global warming has also created a major threat to the environment and human life. Moreover, the emergence of eco-friendly vehicles has also been played a major role in the increasing sales of e-bike. China dominates the electric bicycle market in terms of revenue currently. and Western Europe and North America are beginning to increase their market share of electric bicycles.
The global Electric Bicycles market is valued at 1700 million US$ in 2018 is expected to reach 6090 million US$ by the end of 2025, growing at a CAGR of 20.0% during 2019-2025.
This report focuses on Electric Bicycles volume and value at global level, regional level and company level. From a global perspective, this report represents overall Electric Bicycles market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
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At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Indiegogo
Riel Rider Ebikes
Electron Wheel
Xiaomi-mi
Benelli
Haibike
Electra Bicycle
...
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Pedal Assist/Pedelecs
Power on Demand
Pedal Assist with Power on Demand
Segment by Application
Kids
Commuters
Professional
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