DUBLIN--(BUSINESS WIRE)--The "CAM Software Market by Design Type and Application - Global Opportunity Analysis and Industry Forecast, 2018-2025" report has been added to ResearchAndMarkets.com's offering.
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.
Surging fuel prices have increased interest of consumers in the electric drive ability and battery technology. Reduction in the vehicular gas emissions is also an important factor attracting consumers who have rising concerns for eco-friendly products.
As compared to other conventional modes of transport, manufacture of electric bikes needs lesser raw materials. With technology advancement, almost every component of an electric bike including the batteries is manufactured, recycled, or processed with lesser impact on the environment.
The global electric bikes market growth is attributed to government support and strict rules in favor of electric bikes coupled with growing consumer inclination towards use of e-bikes as an eco-friendly and efficient solution for commute and escalating fuel costs. Moreover, growing interest in cycling as a fitness and recreational activity further augments the growth of the market.
However, high cost of e-bikes and ban on use of e-bikes in major cities in China are anticipated to restrict the market growth. Improving bicycling infrastructure and battery technology is expected to offer opportunities for growth of the electric bikes market during the forecast period.
Select Findings
- The pedelecs segment dominates the global electric bikes market and is expected to grow at a high CAGR of 4.7%, in terms of revenue, during the forecast period.
- The hub motor segment by drive mechanism contributes to more than two-thirds of the global electric bikes market in 2017 and is estimated to be the leading segment, in terms of value, growing at a CAGR of 4.6%, from 2018 to 2025.
- The Lithium ion batteries segment of the electric bikes market contributed to more than one-third of the global electric bikes market by battery type and is expected to witness the highest growth rate at a CAGR of 6.1% in terms of value.
Key Players
- Autodesk
- Mastercam
- SolidCAM
- EdgeCAM
- ZWCAD Software
- GRZ Software
- BobCAD-CAM
- Cimatron Group
- Camnetics
- MecSoft Corporation
- Dassault Systemes
- Siemens Product Lifecycle Management Software
Topics Covered
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: CAM Software Market, by Design Type
Chapter 5: CAM Software Market, by Application
Chapter 6: CAM Software Market, by Region
Chapter 7: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/wfx5qq/23_billion_cam?w=4
