In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Electric Bicycles market for 2018-2023.
AnÂ electric bicycle, also known as anÂ e-bike, power bikeÂ orÂ booster bike, is aÂ bicycleÂ with an integratedÂ electric motorÂ which can be used for propulsion. Many kinds of e-bikes are available worldwide, from e-bikes that only have a small motor to assist the rider's pedal-power to somewhat more powerful e-bikes which tend closer toÂ moped-style functionality: all, however, retain the ability to beÂ pedalled by the rider and are therefore notÂ electric motorcycles.
First of all, the growth of the global electric bicycles market is caused by various driving factors such as strict government regulations. emergence of eco-friendly vehicles and the increasing fuel prices attract potential customers.Â Second, due to the rising concerns regarding environmental pollution, many governments across the world have implemented several regulations and policies to reduce vehicle emission during the last few years. Global warming has also created a major threat to the environment and human life. Moreover, the emergence of eco-friendly vehicles has also been played a major role in the increasing sales of e-bike.Â China dominates the electric bicycle market in terms of revenue currently. and Western Europe and North America are beginning to increase their market share of electric bicycles.
Over the next five years, LPI(LP Information) projects that Electric Bicycles will register a 19.6% CAGR in terms of revenue, reach US$ 4160 million by 2023, from US$ 1700 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Bicycles market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Power on Demand
Pedal Assist with Power on Demand
Segmentation by application:
This report also splits the market by region:
Middle East and Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Riel Rider Ebikes
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Electric Bicycles consumption (value and volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Electric Bicycles market by identifying its various subsegments.
Focuses on the key global Electric Bicycles manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electric Bicycles with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Electric Bicycles submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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