Bike Market Share
Electric bikes market overview.
Bike market share. The report on folding bicycles market offers in depth analysis on market trends drivers restraints opportunities etc. Halfords plc is the largest retailer of new bicycles with a 26 market share sales of 208 million. The bike can be moved through pedaling or can run on rechargeable batteries. Structural analysis of e bike market.
For instance mexico city has recently established a goal of 30 bike to be electric in both public and private bike sharing systems by 2030. For the forecast years. Madrid saw the benefits of sharing electric bicycles and became the first european city to offer an all electric bicycle program in 2014. Latest and updated bicycle market study with covid19 impact offers country wise market projections brand share analysis deep dive analysis on pre corona after corona impact opportunity assessment and detailed competitive intelligence section.
Growth opportunities for the overall bicycle market. The global e bike market reached a value of us 20 8 billion in 2019. China is anticipated to hold 70 of the e bikes market globally amid high sales and production of e bikes. Halfords estimates that it has a 16 share of the parts and accessories market sales of 120 million and a 10 share of the bicycle repair market sales of 10 million.
Asia pacific is anticipated to dominate the electric bike system market over the forecast period. The e bike market is extremely fragmented with the major players holding a low share of the total market share. Some of the major market players are giant bicycles merida trek bikes riese muller and m1 sporttechnik. The global electric bikes market size was valued at 16 34 billion in 2017 and is expected to reach 23 83 billion by 2025 registering a cagr of 4 9 from 2018 to 2025.
To know more about electric scooters read our report titled e scooter sharing market in us and europe 2019 2024. Giant bicycles is expected to be the largest player in this market. The personal category under ownership type dominated the e bike market accounting for over 95 volume share in 2019. The road bicycle segment accounted for the largest market share in 2017 and is expected to emerge as the fastest growing segment over the forecast period.
An e bike or electronic bicycle is a standard bicycle which is equipped with an electric motor a battery and a drivetrain.
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