Global Electric Bicycle Market 2021|Growth Factors, Trends, and Regional Forecast till 2023

 

Market Scenario

As per the research by Market Research Future Reports (MRFR), the worldwide electric bicycle market is estimated to value USD 21,347 million, thriving at a CAGR of 5.19% during the assessment period. The emergence of eco-friendly vehicles is one of the significant elements affecting the global electric bicycle market in 2020. The strict regulations imposed by the government to protect the environment is another major element of market expansion. The rising fuel prices have also played an important role in popularizing electric bicycles. Besides, the increasing passion for adventure has further expanded the market. Tourism plays an important part in augmenting the market. The increasing transport projects in developing nations is further estimated to expand the market. The government has taken initiatives to build two-way bike lanes on one-way streets to assure quick movement of bicycles. This step will lead to the growing usage of bikes. The schemes are funded with a massive budget and also aims at developing biking infrastructure.

The research performed by MRFR tracks the aftermath of the COVID-19 pandemic. Furthermore, a precise evaluation of factors augmenting and impeding the market in the post-COVID-19 environment has been analyzed. We will provide COVID-19 impact analysis with the report.

 

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Market Segmentation

The worldwide electric bicycle market can be segmented on battery type, motor type, type, and regions.

Based on battery type, the worldwide electric bicycle market can be segregated into Li-ion battery and sealed lead-acid battery.

Based on motor type, the worldwide electric bicycle market can be segregated into hub motor and mid-drive electric.

Based on type, the worldwide electric bicycle market can be segregated into Pedal Assist with Power on Demand, Pedal Assist (or Pedelecs), and Power on Demand.

Based on regions, the worldwide electric bicycle market can be segmented into North America, Asia Pacific, Europe, and the Rest of the World (ROW).

 

Regional Analysis

The regional evaluation of North America, Asia Pacific, Europe, and the Rest of the World (ROW), has been conducted. According to the analysis, the APAC region is estimated to dominate the market. The major factor of domination of the APAC region is the existence of emerging economies like Japan, China, and India. Among all nations, China dominates the market. There has been a sudden surge in the bi-cycle demand since 2015. China is projected to be the most potent market for bicycles. China outgrew the U.S in manufacturing bicycles. China has dominated the market by procuring profits across all segments of electric bicycles, including present and anticipated manufacture of electric bicycles and their parts such as lithium-ion battery cells and electric motors. As per the details from the ‘Make in India’ initiative, India ranked seventh in terms of manufacturing automobiles globally. Moreover, the country is also experiencing an increment in disposable income. Besides, the initiative of the government to reduce excise duties is also one of the key factors leading to market expansion in the country.

On the other hand, cycling is one of the most popular forms of sports in Europe and North America. The factor which leads to the expansion of the market is that it improves the health and well-being of individuals. Moreover, bikes demand lesser physical effort than traditional bicycles. This has considerably increased the e-bicycle market in North America and Europe.

 

Market Players

The established players of the worldwide electric bicycle market are Easy Motion USA (California), Accell Group (Netherlands), Trek Bicycle Corporation (U.S.), Derby Cycle (Germany),   Jiangsu Xinri E-Vehicle Co., Ltd. (China),  Karbon Kinetics Limited (KKL), myStromer A.G. (Switzerland), Moustache Bikes (France),  (U.K.), A2B Electric Bikes (U.K), and Pedego Electric Bikes (California).

 

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Key Questions Addressed by the Report

  • What was the historic market size?
  • Which segmentation (Product/ Capacity) is driving market?
  • What will be the growth rate?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

TABLE OF CONTENTS

 

1 EXECUTIVE SUMMARY

 

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

 

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

 

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

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 Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com

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