Electric Bicycle Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Pedal Assist/ Pedelecs, Power on Demand, Pedal Assist with Power on Demand); Battery Type (Sealed Lead Acid, Li-Ion Battery); Motor Type (Hub Motor, Mid Drive Electric) and Geography
Report Code: TIPRE00017114
| No. of Pages: 150
| Category: Automotive and Transportation
| Status: Upcoming
An electric bicycle is incorporated with an electric motor which is used to assist propulsion. Electric bicycles normally use rechargeable batteries and can travel at 25 to 32 km/h. The rise in the demand for riding electric bicycles drives the market growth all over the world. Electric bicycle is widely used for covering short distances, at large manufacturing sites and various tourist places. Electric Bicycle market is expected to experience a rapid growth in coming years.
The "Global Electric Bicycle Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric bicycle market with detailed market segmentation by type, battery type, motor type, and geography. The report provides key statistics on the market status of the leading electric bicycle market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
Based on type, the global electric bicycle market is segmented into pedal assist/ pedelecs, power on demand and pedal assist with power on demand.
On the basis of battery type, the market is segmented into sealed lead acid and li-ion battery.
Based on motor type, the market is bifurcated into hub motor and mid drive electric.
MARKET DYNAMICS Drivers:
Stringent emission norms from government authorities and regulatory bodies.
Easy mobility and increasing awareness regarding environment safety.
Rising cost of fuel further drives the demand for electric bicycles.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electric bicycle market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electric bicycle market in these regions.
IMPACT OF COVID-19 ON ELECTRIC BICYCLE MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. This pandemic restricted the movement of people from one place to another. Also, due to limited workforce at production site, electric bicycles market is affected from the supply side as well.
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The report covers key developments in the electric bicycle market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electric bicycle market are anticipated to lucrative growth opportunities in the future with the rising demand for electric bicycle in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electric bicycle market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Electric Bike Company
Fuji-ta Bicycle Co.,Ltd.
GenZe by Mahindra
TEBCO ELECTRIC BICYCLE COMPANY
Trek Bicycle Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. A2B Bicycles
2. Derby Cycle
3. Electric Bike Company
4. Fuji-ta Bicycle Co.,Ltd.
5. GenZe by Mahindra
6. Giant Bicycles
7. Spero Electric
8. Stardue S.r.l.
9. TEBCO ELECTRIC BICYCLE COMPANY
10. Trek Bicycle Corporation