MarketResearchNest.com presents “Global Electric Bicycles Market Growth 2019-2024” new Research to its studies database.
An electric bicycle, also known as an e-bike or booster bike, is a bicycle with an integrated electric motor which can be used for propulsion. There are a great variety of e-bikes available worldwide, from e-bikes that only have a small motor to assist the rider’s pedal-power.
An electric bicycle, also known as an e-bike or booster bike, is a bicycle with an integrated electric motor which can be used for propulsion. China is the dominant player in global electric bicycle market. In 2015, China sold 14856 K Units of electric bicycle, which accounted for 86.94% of global market. USA and Europe are also important market for electric bicycle, where the product produced there are usually high end products.
Electric bicycles is a fragmented industry with a tail of manufacturers ranging from large multinational corporations to small privately owned companies. The top six producers account for just 32.60% of the market.
Consumers’ demographic features vary a lot among different regions. Drivers from Europe and North America tend to see electric motorcycle and scooter more as a lifestyle or style choice (being green and fitness workout), while those from Asia Pacific, Middle East, Africa and Latin America use electric two-wheelers more as a practical transportation means.
According to this study, over the next five years the Electric Bicycles market will register a 4.3% CAGR in terms of revenue, the global market size will reach US$ 10600 million by 2024, from US$ 8220 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Electric Bicycles business, shared in Chapter 3.
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Global Electric Bicycles in its database, which provides an expert and in-depth analysis of key business trends and future market development prospects, key drivers and restraints, profiles of major market players, segmentation and forecasting. A Global Electric Bicycles Market provides an extensive view of size; trends and shape have been developed in this report to identify factors that will exhibit a significant impact in boosting the sales of Global Electric Bicycles Market in the near future.
Segmentation by product type
- Brush Electric Bicycle
- Brushless Electric Bicycle
Segmentation by application
- Age <20
- Age 20-40
- Age >40
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The following manufacturers are covered in this report:
- Xiaodao Ebike
- Birdie Electric
- Qianxi Vehicle
- Aucma EV
- Giant EV
- Hero Electric
- Accell Group
- Terra Motor
Moreover, the research report assessed market key features, consisting of revenue, capacity utilization rate, price, gross, growth rate, consumption, production, export, supply, cost, market size & share, industry demand, export & import analysis, and CAGR.
Electric Bicycles Production by Region
Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East and Africa, Egypt, South Africa, Israel, Turkey, GCC Countries.
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