E-Bike Analysis to 2027 || Haibike,Aventon Bikes,Giant Bicycles,Merida Industry ,Pedego Electric Bikes,Robert Bosch ,Specialized Bicycle Component and Shimano
E-bike market is led by the APAC region in 2018. APAC led the landing global e-bike market with more than 70.3% share, followed by Europe and North America region. The rate of e-bike sales growth in China outstrips other personal modes. The credibility to e-bikes was granted through legislation that governed standards for e-bike size and performance characteristics. Moreover, e-bikes were formally classified as bicycles by the China Central Government, in the year 2004, and thereby avoided the licensing and helmet regulations allied with gasoline or electric-powered two-wheelers, as well as permitting their use on standard bicycle infrastructure. Many Asian cities rely on gasoline two-wheelers that have higher speeds and cargo-carrying capacity than most e-bikes. Most Asian cities do not have a robust dedicated bicycling infrastructure, which benefits e-bike riders in China. Moreover, lack of marketing, experience, maintenance infrastructure, and higher up-front costs of e-bikes diminish overall market share. Consequently, presenting tremendous opportunities for the rise in the business of e-bike market players.
The most alarming issue commuter’s face these days is “Traffic,” which consumes time along with the huge amount of money on fuel. As per the data given in the Inrix Global Traffic Scorecard in 2018, 60 urban areas in the US are considered among the most traffic-congested cities, wherein the repercussions of traffic congestion cost billions of dollars each year to the Americans. With the increasing investment of government and manufacturers toward the adoption of e-bikes, traffic congestion can be minimized, this increased demand is expected to fuel the growth of the global e-bike market.
The e-bike market on the basis of battery type is segmented into lithium-ion, lithium-ion polymer, and lead-acid. The e-bike manufacturers have undertaken several initiatives to boost the adoption of these across developing countries such as India. In 2016, Hero Electric introduced vehicles powered with lithium-ion batteries. The company has approached logistics service providers in India to replace petrol bikes with their new lithium-ion battery-powered vehicles. However, the inclination of e-bike manufacturers toward transforming the scenario of automotive mobility into a sustainable mode of transportation, to reduce its impact on the environment is anticipated to create significant market space for e-bike market players operation worldwide.
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