Electric Bicycle Market Analysis

The market is segmented by product type, battery type, conversion kit type, motor type and by application. The product type is further segmented into pedelecs, power on demand and pedal assist with the throttle on demand, out of which, the pedelecs segment is anticipated to grow significantly throughout the forecast period. Pedelecs have many benefits over typical bikes, such as, high mobility, that is helpful for older folks while mounting hill or for travelling long distances in a shorter time. Moreover, these types of e-bikes require less effort when going uphill or while riding against the wind. On the other hand, the sealed lead-acid segment, which is a sub-segment of the battery segment, dominated the market, owing to its low cost and ease in recycling the battery. However, the growth and popularity of lithium type battery is increasing significantly, owing to their lightweight and high-performance capabilities.

Our in-depth analysis of the global market includes the following segments