BIG WORLD MRKT IN ELECTRIC BIKES EMERGING
Electric Bicycles; Throttle-Control and Pedal-Assist E-Bicycles, Batteries, and Motors: Global Market Opportunities, Barriers, Technology Issues, and Demand Forecasts
4Q 2014 (Navigant Research)
“The global market for electric bicycles (e-bicycles) continues to expand with the advent of new technology developments and the increasing affordability and availability of product offerings. Numerous countries in Western Europe and Asia Pacific have developed mature markets due to strong commuter cultures that utilize e-bicycles…[Though it is still emerging in North America,] combined throttle-control and pedal-assist models, electric cargo bicycles (e-cargo bikes), all-in-one retrofit kits and wheels, 3D-printed bicycles, and the use of e-bicycles in police patrol and various security industries have all contributed to a growing market with strong potential. While China still leads the global e-bicycle market, Western Europe and, to a lesser extent, North America are beginning to increase their market share…According to Navigant Research, global annual sales of e-bicycles are expected to grow from nearly 32 million e-bicycles in 2014 to over 40 million in 2023 under a base scenario…” click here for more
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