Electric Bicycles Market overview
The pandemic has made people
decline the use of public vehicles are opting for their vehicles to safeguard
themselves from the virus infection. Electric bicycles are emerging as
convenient, safe and affordable means of transport. Due to the shutdown, the market
experienced decreases in revenue. Still, with the government orders to release
the shutdown, the Electric Bicycles Market
Size will attain
normal CAGR and growth value.
Health benefits for acquiring
bicycles in place of cars, such as improved blood sugar levels increased
cardiovascular endurance, are the prominent factors for the market growth. The
vehicle with low operation costs rising environmental costs fosters the Electric Bicycles Market Size. The high
purchase and ownership cost of electric bicycles could hinder the market growth
in the forecast period.
By 2025 the electric vehicle
will be the largest selling vehicle. The wide availability, reduction in
weight, low cost and minimal environmental impacts are some of the growth
factors provided by the electric bicycle. The use of small motors and the
availability of electric bikes are propelling the market growth. The bicycles
provide ease and convenience to the consumers.
Request Free Sample of Electric Bicycles Market Report @ https://www.marketresearchfuture.com/sample_request/4186
Electric Bicycles Market segmentation
The Electric Bicycles Market is divided by battery type and motor type.
The market is further classified into hub motor and mid-drive electric based on
the motor type segment. By type, the Electric Bicycles is classified into pedal
assist, pedelecs, power on demand, pedal-assist ith power on demand. The pedal assist
is expected to dominate the market due to its better battery life, low service
needs and several other features.
Other segments are also
expected to register high growth in the forecast period. Sealed Lead Acid and
Li-Ion Battery are the sub-segments of the battery segment. The lead-acid
segment is expected to dominate the market due to the factors like low cost and
easy recycling attributes to the market growth. The li-Ion battery will exhibit
high growth during the forecast period due to the features such as better
power-to-weight ratio, better battery life, efficient charging and superior
battery chemistry.
Electric Bicycles Market Regional
analysis
The Electric Bicycles Market is studied in North America, Asia Pacific,
Europe, and the rest of the world. The Asia Pacific will hold a huge market
share due to economically growing countries like India China. In addition to
it, high vehicular, public transit congestion stringent government rules are
helping the market for further growth. The presence of small and medium
manufacturers of Electric Bicycles in Europe boost the market's revenue. Cities
with low-speed limits closed certain roads for traffic, and new lanes for
two-wheelers in the North American region are improving the market.
Electric Bicycles Market Key
Players
·
Giant
Manufacturing Co. Ltd. (Taiwan)
·
Derby
Cycle
·
Easy
Motion (USA)
·
Accell
Group N.V. (Netherlands)
·
Yamaha
Motor Corporation (Japan)
·
Merida
Industry Co. Ltd. (China).
·
Moustache
Bikes Bike (US)
·
NYCeWheels
Electric Bicycles Industry news
Yamaha has upgraded its electric bicycle range with the unveiling of its refreshed Wabash RT
and CrossCore RC.
Read more:
Automotive Data Logger Market Trends
Automotive Digital Cockpit Market Trends
No comments:
Post a Comment