Insights Into the World Market for eBikes (2019-2025): Increasing Concern about Emission & Traffic Congestion Will Boost Demand - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 22, 2019--
The “E-bike Market by Class, Battery Type (Lithium-ion, Lithium-ion polymer, Lead Acid), Motor Type (Mid, Hub), Mode (Throttle, Pedal Assist), Usage, and Region (Asia Pacific, Europe, North America) - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global e-bike market is estimated to be USD 21.1 billion in 2018 and is projected to reach USD 38.6 billion by 2025, at a CAGR of 9.01%.
The report segments the e-bike market, by volume, on the basis of region (Asia Pacific, Europe, North America), class (class-I, class-II, class-III), battery type (lithium-ion, lithium-ion polymer, lead acid, and others), motor (hub motor and mid motor), mode (pedal assist and throttle), and usage (mountain trekking, city/urban, cargo, and others).
This report contains various levels of industry analysis and company profiles, which highlight emerging and high-growth segments of this market, competitive mapping, and market dynamics (drivers, restraints, opportunities, & challenges).
E-bikes use different types of batteries such as lithium ion, lithium ion polymer, nickel metal hydride, and lead acid. The lead-acid battery is widely used in electric bikes due to its low cost and ease of recycling. On the other hand, the demand for Li-ion batteries has grown at a significant rate because of their high capacity, small size, and low weight. E-bikes can be classified as pedal assist or pedelec and power-on-demand or throttle.
Advancements in technology have helped the bicycle industry meet the increasing customer demand and become future ready. Batteries represent a major focus area for manufacturers with better range, efficiency, compact size, and lightweight. Also, the industry is focusing on introducing advanced features in e-bikes such as anti-theft, sensors, and smart monitoring e-bike systems.
Rapid urbanization and traffic congestion have discouraged people from using a car as motorized transportation. Instead, many people now prefer to use e-bikes for the daily commute. These vehicles are cheaper than cars and, except for class III bikes, do not require a driving license. In addition, e-bikes are a sustainable means of transportation and can leverage existing and future mainstream EV charging infrastructures. Also, the growing demand for e-bikes among tourists augurs well for the growth of the market.
Governing bodies in various cities have launched initiatives to build bicycle highway lanes for e-bikes and motorized vehicles. In addition, they are also focusing on improving the biking infrastructure. Many governments plan to develop two-way bike lanes on one-way streets to ensure quick commuting of cycles. This will encourage people to use e-bikes for the daily commute.
Yamaha Motor Corporation (Japan), Giant Manufacturing Co. Ltd (Taiwan), Accell Group N.V (Netherlands), Aima Technology Group Co. Ltd (China), and Yadea Group Holdings Ltd (China) are some of the leading players in the e-bike market.
Reasons to Buy the Report
The report enables new entrants and smaller firms as well as established firms to understand the market better to help them acquire a larger market share. Firms purchasing the report could use any one or a combination of the 4 strategies (market development, product development/innovation, market diversification, and competitive assessment) mentioned below to strengthen their position in the market.
The report provides insights into the following points:
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 E-Bike Market, By Class
8 E-Bike Market, By Battery Type
9 E-Bike Market, By Motor Type
10 E-Bike Market, By Mode
11 E-Bike Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/2kc9l
View source version on businesswire.com:https://www.businesswire.com/news/home/20190522005512/en/
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Related Topics:Automotive Batteries,Electric and Hybrid Vehicles,Bikes and Cycling Equipment,Battery Technology
INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/22/2019 09:57 AM/DISC: 05/22/2019 09:57 AM