Electric Bike Market Analysis Uk

A class i electric bike is equipped with a motor that provides assistance only when the rider is pedaling and stops assisting.

Electric bike market analysis uk. Apart from the increasing consumer preference toward recreational and adventure activities the adoption of e bike applications in several sectors like logistics and e bike rental services is expected to drive the market studied during the forecast period. Those choosing to do so will be joining the e bike revolution as according to mintel latest research an impressive 70 000 e bikes were sold in the uk in 2018. On the other hand the rising demand for electric bike in countries like germany france netherlands and the uk. The e bike market was valued at usd 15 42 billion in 2019 and it is expected to witness a cagr of 7 49 during the forecast period 2020 2025.

For example in october 2018 the european union removed value added tax vat on e bikes. Thus triggering the demand in the electric bike market. Hmrc e bike import figures 2018. Global electric bike market.

Electric bikes market by product type pedelecs throttle on demand and scooter motorcycle drive mechanism hub motor mid drive and others battery type lead acid lithium ion li ion nickel metal hydride nimh and others global opportunity analysis and industry forecast 2017 2025. The impulso e road was one of the first normal looking road specific electric bikes on the market that did its best to disguise the polini e p3 motor integrating it into the down tube. By battery type it includes li ion nimh and lead based batteries. The electric bike market has been analysed with respect to segments such as product type battery type technology and region.

Are also expected to increase the demand in europe and the middle east and africa. The electric bike market registers demand from product types such as electric scooter electric motorcycle and pedelec. Electric bike statistics in particular have proven a baffling topic with official numbers suggesting the uk is now well on the way to catching some of the momentum seen on mainland europe. In germany depending on who you speak to e bike sales make up between one in 4 to 8 bike sales.

The global e bike market is projected to grow at a cagr of 9 01 during the forecast period to reach usd 38 6 billion by 2025 from an estimated usd 21 1 billion in 2018 class i electric bike is estimated to be the largest segment in the global electric bikes market.