BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research examines the global market for throttle-control and pedal-assist electric bicycles (e-bikes), with detailed analysis of market opportunities, drivers, and technology trends, as well as forecasts for sales and revenue, segmented by region and battery chemistry, through 2025.
In markets around the world, increasing urbanization and a desire to move away from cars for motorized transportation are creating more opportunities for alternative mobility devices. Globally, e-bikes continue to be the highest selling electric vehicle, with nearly 35 million unit sales forecast for 2016. Click to tweet: According to a new report from @NavigantRSRCH, global e-bike sales are expected to grow from $15.7 billion in revenue in 2016 to $24.3 billion by 2025.
“Rising levels of population density and traffic congestion are driving interest in different modes of transportation,” says Ryan Citron, research analyst at Navigant Research. “E-bikes are uniquely positioned to be a primary benefactor of this trend since they are low in cost relative to cars, do not require licenses to operate, and can take advantage of existing bicycling infrastructure.”
Improving lithium ion (Li-ion) battery technology is also helping to drive e-bike sales, allowing for e-bikes that are lighter, lower in cost, and remarkably similar to traditional bicycles, according to the report. While sealed lead-acid still constitutes a majority of e-bike batteries, the market is steadily shifting toward the Li-ion chemistry.
The report, Electric Bicycles, analyzes the global market for throttle-control and pedal-assist e-bikes. The study provides a detailed analysis of the market opportunities, key drivers of growth, and technology trends associated with e-bikes. Global market forecasts for annual e-bike unit sales and revenue, segmented by region and battery chemistry, extend through 2025. Forecasts of traditional bicycle sales and estimates of e-bike market share of the total bicycle market by region are provided, as well. The report also examines government influence on the market for e-bikes and provides profiles of key e-bike manufacturers and suppliers. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Electric Bicycles, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.