Electric bicycle Industry 2019
Description:-
Electric bicycle, also referred to as e-bike, possesses a small electric motor and rechargeable batteries. These assist rider for with power for propulsion. The little electric motor in pedals enables e-bike to gain a competitive edge over other bicycle types. The greatest advantage of e-bikes is that they are rechargeable and light in weight. These bikes are classified into pedal-assist and power-on-demand. In pedal-assist, peddling regulates electric motor, hence they are also called pedelec. In case of power-on-demand bikes, a throttle activates it.
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The report offers indispensable insights of the global electric bicycle market. Market aspects, it regional progress and activities of key players are discusses, and their impact on the market. The market trends, drivers, and constraint are discussed in the report. There are multiple factors that can influence the health of the market. Increase in the number of people going for adventures is a major market growth. Electric bikes are experiencing high sales. The cost-effectiveness and fuel-effectiveness of these bikes are contributing to rise the profit margin. E-bikes are eco-friendly, which is expected to benefit its market.
As the number of obese adults increase, an increase in chronic disease cases is observed. Cycling is robust method to improve both physical and mental health, as it improves blood circulation and curb calories. Other health benefits are improved endurance, stress reduction, and increase muscle strength. In addition, the rise in cognizance about e-bikes and their high sales number are factors that are likely to boost the global market of electric bicycles growth. On the contrary, ban on the use of electric bicycles in certain regions can hinder the expansion of the market. However, researchers making efforts in incorporating better features and governments granting permission can surge the market in the coming years.
Segmental Outlook
Application and type are two segments of the global market of electric bicycles. Brush electric bicycle and brushless electric bicycle are major type segments of the market. The brushless electric bicycle are high in demand among people as they are more feasible and convenient to use. The brushless electric bicycle is likely to gain lucrative traction for the market. Age 40 is the application segment of the global market. The increase in number of geriatric population is expected to contribute to the expansion of the market.
Regional Analysis
Under the regional analysis section, the market is diagnosed across North America and Europe. Asia Pacific and the Rest of the World (RoW) are other two regional segments. The Asia Pacific market, followed by North America, is likely to experience a profoundness in the expansion of electric bicycle market. The APAC region has the highest consumption of electric bikes in the United States and China. This is expected to aid the regional market to gain a global foothold in the coming years.
Industry News
September 2019
Hero Cycles teamed-up with Yamaha to launch Lectro Electric Bike. Hero cycles is one of the leading bicycle manufacturers in India. Yamaha is motorcycles developer based in Japan.
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Table Of Contents – Major Key Points
1 Market Overview
2 Manufacturers Profiles
3 Global Electric Bicycles Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global Electric Bicycles Market Analysis by Regions
5 North America Electric Bicycles by Country
Continued….
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