Electric Bicycles Market
                     Electric Bicycles Market Development Statement and Shares Market Views 
Market Overview 
Electric bicycle also known as e-bike is modified bicycle with an electric motor, which offers pedal 
assistance to the rider. It has similar basic features as regular pushbike with electric assistance. Electric 
bicycles are the largest selling electric vehicles in the world and are estimated to cross 36 million mark 
by 2025. Reduction in weights aided by integration of Li-ion batteries, low cost, wide availability, and 
minimal environment impacts are expected to be the major factors fueling growth of the industry over 
the forecast period. Increasing urbanization and concerns regarding the environmental impacts of motor 
vehicles across the global economies are expected to further augment growth of market. 
Increasing motor vehicles traffic levels have led to increased road accidents over the past decade, 
accounting for over 1.25 million deaths in 2015, according to report published by World Health 
Organization (WHO). Moreover, pollution levels across the globe have witnessed significant surge, owing 
to increasing vehicle traffic. According to Union of Concerned Scientist, one fifth of the U.S. emissions 
responsible for global warming are generated due to trucks and cars. Reduction in emissions and traffic 
levels can be achieved by adopting eco-friendly electric bicycles that can drastically decrease traffic 
congestion along with negligible carbon emissions, which is expected to propel growth of the electric 
bicycles market over the forecast period. 
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Market Dynamics 
According to National Health Service (NHS), exercise-based rehabilitation programs can reduce deaths 
risks by 25% and adoption of these bikes provide less cardiac exertion for people with existing coronary 
problems. Patients suffering from obesity who are unable to exercise can comfortably use these 
bicycles, which allows them taking short breaks from pedaling. Moreover, biking on rough terrains and 
difficult slopes by bikers is also fueling growth of the market. 
SLA batteries held largest industry share in market, owing to low costs and large consumer base in 
China. Batteries utilized in the bikes vary on the basis of voltage, amp hour capacity, life and reliability. 
However, Li-ion batteries are projected to witness significant demand over the forecast period, primarily 
owing to relatively better performance characteristics and lower carbon footprints. 
Annual unit sales of electric bicycles in China are projected to decline over the forecast period, owing to 
increasing traffic disruption and accidents. In 2009, around 10 cities that included Guangzhou, Changsha, 
Shenzhen, Changzhou, Foshan and Dongguang, had either imposed restrictions or banned usage of e-
bikes. However, China is projected to retain dominance in the electric bicycles market over the forecast 
period due to significant demands for electric bicycles from other cities of economy. 
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Industry is characterized by large number of number of entrants participating in the competition, 
primarily owing to introduction of new crowd funded projects to reduce the carbon footprints and 
increasing demands in Germany, India, Netherlands and the U.S. Key players operating in electric 
bicycles market include Accell Group, Derby Cycle AG, Easy Motion, Jiangsu Xinri E-Vehicle Co. Ltd., 
Panasonic, Pedego, Stromer, and Yadea Technology Group Co. Ltd., BionX, Bosch, Electric Bike 
Technologies LLC, Giant Bicycles, GRACE, Superpedestrian, and Trek. 
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