E-bike Market in Europe 2015-2019
An e-bike, commonly known as an electric bicycle or booster bicycle, has an integrated electric motor that helps in the propulsion of the bike. E-bikes can be classified according to the power capacity of electric motor and the control system as pedal-assist only, with power-on-demand and pedal-assist, or with power-on-demand only. The classification of e-bikes vary in different countries, in some they are referred to as bicycles than mopeds or motorcycles to be exempt from stringent laws applicable for other vehicles. E-bikes are treated as a special vehicle type in many areas of legal jurisdiction.
TechNavio’s analysts forecast the E-bike market in Europe to grow at a CAGR of 7.09 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the E-bike market in Europe for the period 2015-2019. To calculate the market size, the report considers the unit shipments of e-bikes in Europe.
TechNavio's report, the E-bike Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focusses on Europe; it also covers the E-bike market in Europe market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. .
TechNavio Announces the Publication of its Research Report – E-bike Market in Europe 2015-2019
TechNavio recognizes the following companies as the key players in the E-bike Market in Europe: Derby Cycle AG, e-Moto LLC, Royal Dutch Gazelle NV and Zhejiang Luyuan Electric Vehicle Co. Ltd.
Other Prominent Vendors in the market are: Accell Group, eZee Kinetics, Geoby, Giant Bicycles, Grace, Jiangsu Xinri, Pedego, Prodeco Technologies, Sparta, Stromer Bicycles, Trek Bicycles, Yadea Technology Group and Yamaha Motors.
Commenting on the report, an analyst from TechNavio’s team said: “One major trend upcoming in this market is innovation in technology. Vendors have started using next-generation miniaturized batteries for e-bike applications to increase efficiency and overall performance of e-bikes by reducing the overall weight.”
According to the report, one of the key drivers in this market is increased disposable income of consumers. The per capita disposable income shows a low level of volatility in developed countries, which has directly boosted the purchasing power of people enabling them to buy luxury goods.
Further, the report states that one major challenge faced by this market is immature technology. E-bikes have constraints such as speed and range. They cover lesser distance than traditional bicycles and also need many hours to recharge. Derby Cycle , e-Moto , Royal Dutch Gazelle, Zhejiang Luyuan Electric Vehicle , Accell Group, eZee Kinetics, Geoby, Giant Bicycles, Grace, Jiangsu Xinri, Pedego, Prodeco Technologies, Sparta, Stromer Bicycles, Trek Bicycles, Yadea Technology Group
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