London, 24 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global E-bike Market 2015-2019, which is expected to grow at a CAGR of 3.42 percent in terms of revenue and 4.35 percent in terms of unit shipment during the period 2014-2019.
Consumers are increasingly adopting e-bikes rather than e-automobiles because of the increased urbanization, which is resulting in traffic congestion. E-bikes help beat traffic and keep the biker fit and healthy. Moreover, vendors have started using next-generation batteries for e-bike applications and using miniaturized batteries to increase the efficiency and overall performance of e-bikes by reducing the overall weight.
“Vendors have started to provide a battery management system that consists of parallel cells and modules,” says Faisal Ghaus, Vice President of TechNavio.
“This battery management system helps increase power production and increases the speed of e-bikes with minimal battery recharging, and also reduces the overall weight of e-bikes and increases the lifecycle of the battery.”
Key Market Drivers
- Increase in Disposable Income
- Increased Urbanization
- Government Initiatives
- Increased Concern over Health and Environment among Consumers
Key Market Trends
- Technological Innovations
- Increased Popularity of E-bikes
- E-bikes with Interactive Features
- Implementation of Battery Management Systems
Key Market Vendors
- Currie Technologies
- Derby Cycle AG
- Jiangsu Xinri E-Vehicle Co. Ltd.
- Zhejiang Luyuan Electric Vehicle Co. Ltd.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
