PUBLISHER: Lucintel | PRODUCT CODE: 1154052
PUBLISHER: Lucintel | PRODUCT CODE: 1154052
Electric Bicycle Market Trends and Forecast
The future of the global electric bicycle market looks promising with opportunities in the travelling, exercise/fitness, and recreational activities. The global electric bicycle market is expected to grow at a CAGR of 14.1% from 2021 to 2027. The major drivers for this market are increasing health conscious consumers, high traffic congestion, environmental concerns, and increasing government initiatives to promote cycling in order to reduce carbon emissions.
Emerging Trends in the Electric Bicycle Market
Emerging trends, which have a direct impact on the dynamics of the industry, include development of luxury folding e-bikes and high tech electric bike with smartphone integration.
A total of 130 figures / charts and 72 tables are provided in this 178-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global electric bicycle market report.
Electric Bicycle Market by Segments
Lucintel forecasts that e-electric bicycle will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global electric bicycle market by electric bicycle type, propulsion type, usage type, motor type, battery type, and region, as follows:
Electric Bicycle Market by Electric Bicycle Type (Value $ Billion from 2016 to 2027):
Electric Bicycle Market by Propulsion Type (Value $ Billion from 2016 to 2027):
Electric Bicycle Market by Usage Type (Value $ Billion from 2016 to 2027):
Electric Bicycle Market by Motor Type (Value $ Billion from 2016 to 2027):
Electric Bicycle Market by Battery Type (Value $ Billion from 2016 to 2027):
Electric Bicycle Market by Region [Value ($ Billion) and Volume (Million Units) from 2016 to 2027]:
US
Canada
Mexico
Germany
United Kingdom
France
Spain
Italy
China
Japan
India
South Korea
Australia
Brazil
List of Electric Bicycle Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric bicycle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric bicycle companies profiled in this report includes.
Electric Bicycle Market Insights
Features of the Global Electric Bicycle Market
FAQ
Q1. What is the electric bicycle market size?
Answer: The global electric bicycle market is expected to reach an estimated $27.4 billion by 2027.
Q2. What is the growth forecast for electric bicycle market?
Answer: The electric bicycle market is expected to grow at a CAGR of 14.1% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the electric bicycle market?
Answer: The major drivers for this market are increasing health conscious consumers, high traffic congestion, environmental concerns, and increasing government initiatives to promote cycling in order to reduce carbon emissions.
Q4. What are the major type or end use industries for electric bicycle?
Answer: Cargo is the major segment by propulsion type for electric bicycle.
Q5. What are the emerging trends in electric bicycle market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include development of luxury folding e-bikes and high-tech electric bike with smartphone integration.
Q6. Who are the key electric bicycle companies?
Answer: Some of the key electric bicycle companies are as follows:
Q7. Which electric bicycle product segment will be the largest in future?
Answer: Lucintel forecasts that cargo e-bikes will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to increasing use in time-critical deliveries, such as parcels, mail and smaller shipments in the industries of food, building, and logistics.
Q8. In electric bicycle market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific will remain the largest region over the forecast period due to the government initiatives to promote healthier lifestyles of citizens, development of cycling infrastructure, and increasing usage of electric bicycle s as a sustainable mode of transportation.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.