Market Research Report
Market Data - Electric Bicycles - Electric Bicycle Unit Sales, Revenue, Market Share, and Average Transaction Prices: Global Forecast and Analysis
|Market Data - Electric Bicycles - Electric Bicycle Unit Sales, Revenue, Market Share, and Average Transaction Prices: Global Forecast and Analysis|
Published: March 6, 2020
Guidehouse Insights (formerly Navigant Research)
Content info: 23 Pages; 16 Tables, Charts & Figures
Delivery time: 1-2 business days
Although sales of traditional bicycles have remained flat in most major world markets for the past several years, electric bicycles (e-bikes) are achieving unprecedented growth across North America, Europe, and pockets of Asia Pacific. Bicycle manufacturers that fail to offer comprehensive and competitive e-bike product lines risk losing substantial new business and the ability to remain profitable.
The large increase in e-bike sales is due to several emerging market and technology trends, including significant investment into electrification by major bicycle and automotive manufacturers, historic adoption levels among European consumers, and increased e-bike model availability and use cases. Lithium ion (Li-ion) batteries are also continuing to achieve significant cost reductions, providing increased electric ranges, and decreasing in size, resulting in more affordable and desirable products for consumers. According to Navigant Research, a Guidehouse company, global e-bike sales revenue is expected to grow from $27.3 billion in 2020 to nearly $47 billion by 2030, at a compound annual growth rate (CAGR) of 5.5%.
This Navigant Research report analyzes the global market for e-bikes. The study provides a detailed analysis of the market opportunities, key drivers of growth, and technology trends associated with e-bikes. Global market forecasts for annual e-bike unit sales, revenue, market share, and average transaction prices extend through 2030 and are segmented by region and country.