Class-III segment is estimated to be the fastest growing segment during the forecast period
The class-III e-bike segment is estimated to be the fastest growing segment of the global e-bike market. Class-III e-bikes, which are also known as speed pedal-assisted electric bicycle, provide assistance only when the rider is pedaling and stop providing assistance when the bicycle reaches 28 mph. These e-bikes are allowed on roads, adjacent bike lanes, or private property due to their higher speed than the other two classes, i.e. class-I and class-II. These e-bikes are expected to help replace cars in many cities. Hence, class-III e-bike segment is expected to be the fastest growing market during the forecast period.
Class-I segment is estimated to be the largest market, in terms of value.
Class-I e-bikes are anticipated to hold the largest share of the e-bike market. Class-I e-bikes provide assistance only when the rider is pedaling and stop providing assistance when the bicycle reaches 20 mph. This type of e-bike can operate on any paved surface. Also, class-I e-bikes are compatible with e-bike laws of most of the countries. Thus, class-I e-bikes are expected to witness incremental growth during the forecast period.
Asia Pacific is estimated to be the largest growing market for e-bikes during the forecast period.
The Asia Pacific region is estimated to be the largest e-bike market in 2018 and is expected to maintain its leading position during the forecast period. The region comprises some of the fastest developing economies of the world such as China and India. China, which is the largest market in the Asia Pacific, holds about 98% market share of the region. China’s e-bikes have gained popularity in the European market due to their good quality and technological edge. Most of the Asian economies have recognized the growth potential of e-bikes and, hence, are taking several initiatives to attract major OEMs to manufacture e-bikes in their domestic markets. For instance, the Government of India announced financial support and a scheme called Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME). Under the scheme, there is a subsidy of up to INR 22,000 for electric scooters/e-bikes. Government promotions and schemes have led to an increase in sales of electric two-wheelers over the years.
The study contains insights from various industry experts, ranging from component suppliers to tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1: 46%, Tier 2: 27%, OEM: 27%
• By Designation: C level: 46%, D level: 36%, Others: 18%
• By Region: North America: 18%, Europe: 27%, Asia Pacific: 55%
Major players profiled in the report are:
• Yamaha Motor Corporation (Japan)
• Giant Manufacturing Co., Ltd (Taiwan)
• Accell Group N.V (Netherlands),
• Aima Technology Group Co., Ltd (China)
• Yadea Group Holdings Ltd (China)
• Pedego Electric Bikes (US)
• Merida Industry Co. Ltd (Taiwan)
• Trek Bicycle Corporation (US)
• Specialized Bicycles (US)
Browse our full report with Table of Contents : https://www.bharatbook.com/marketreports/e-bike-market-by-class-battery-type-lithium-ion-lithium-ion-polymer-lead-acid-motor-type-mid-hub-mode-throttle-pedal-ass/1410461
About Bharat Book Bureau:
Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,80,000 reports and insights that includes latest Market Study, Industry Trends & Analysis, Forecasts & Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors.
Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Follow us on : Twitter, Facebook, LinkedIn, Google Plus