Global Electric Bicycle Market Status And Forecast

Update:03 Jul 2018
Summary:

An electric bicycle, also known as an e-bike or booster […]

An electric bicycle, also known as an e-bike or booster bike, is a bicycle with an integrated electric motor which can be used for propulsion.

 

 

Have you heard about the dockless electric scooters? As the rise of growing market of electric bike, the North American Bikeshare Association advocates integrating electric bikes into bikeshare programs.

 

It's such a big upgrade in E-bike market since its global sales will hit $24.4 billion by 2025 according to Navigant Research.

 

Electric bikes allow for longer rides, assisting users who may have disabilities or other physical limitations preventing extended cycling, and providing a car-free way to navigate hilly and steep terrain.

 

Furthermore, there are some reports coming from Global Folding Electric Bicycle Market-New Research Report revealed the market status and forecast of global Folding Electric Bicycle. The report considered the participaters' type, application, and region.

 

"The global folding electric bicycle market has been segmented into North America, Europe, China, Japan, RoA and RoW. The Europe held the largest share in the global market, its revenue of global market exceeds 42% in 2017. The next is North America and China," Digital Journal announced, "The global Folding Electric Bicycle market is valued at 120 million US$ in 2017 and will reach 210 million US$ by the end of 2025, growing at a CAGR of 7.5% during 2018-2025."

 

Additionally, Uber's dockless electric bike share service Jump was launched in Austin yesterday. After using the Uber or JUMP mobile apps, people can unlock a bike for riding.