Fior Markets launched a study titled “E-bike Market by Product (Pedelecs, Throttle on demand, Scooter & Motorcycle), Drive Mechanism, Battery Type, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.”
The global E-bike market is expected to grow from USD 17.12 Billion in 2017 to USD 27.26 Billion by 2025 at a CAGR of 6.0% during the forecast period from 2018-2025.Increasing consumer preference towards e-bikes as an eco-friendly and efficient solution to commute and increasing fuel costs and growing interest in cycling as a fitness and recreational activity has led to the growth of the market.
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The pedelecs segment is dominating the market with the highest share of 49.30% in 2017.
The product segment is classified pedelecs, throttle on demand, scooter & motorcycle. The pedelecs segment is dominating the market in 2017. Pedelecs is a bicycle where the riders pedaling is assisted by a small electric motor. The market is chiefly dominated by pedelecs owing to its high adoption for commute globally. This segment comprises pedelec and speeds pedelec e-bikes based on their power assistance and speed difference.
The hub motor segment valued around USD 8.37 Billion in 2017.
Drive mechanism segment is divided into segments such as hub motor, mid drive and others. The hub motor segment is dominating the market with the highest share in 2017. 32”-65” The hub motor is the most-widely used drive mechanism in which either of the wheels is replaced with one having a hub motor connected by a wire to a battery or motor controller.
The lead-acid segment is dominating the market with the highest share of 40.10% in 2017.
Battery type segment includes lead acid, lithium ion, Nickel-metal hydride (NiMH) and others. The lead-acid segment is dominating the E-bike market owing to its low cost and ease of recycling.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific is dominating the market with the highest share of 43.20% in 2017.Asia- Pacific is dominating the market due to the presence of developing nations such as China, Japan and India. China is the largest market for electric bicycle. Since 2015, the sales have grown massively in China. Outgrowing U.S., China is now the most attractive country for electric bicycles. China has strengthened its industry leadership by making profits across all scopes of the supply side of electric bicycles including current and projected production of electric bicycle and their components, such as electric motors and lithium-ion battery cells.
The major players of market include NYCeWheels, Accell Group, Derby Cycle, Easy Motion USA, Moustache Bikes, and Jiangsu Xinri E-Vehicle Co., Ltd., BH BIKES, FRITZMEIER, Klever Mobility, Leader 96, myStromer AG, Karbon Kinetics Limited (KKL), Pedego Electric Bikes, and A2B Electric Bikes
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