
It's good to see that the electric bike industry is growing. It's not
going gangbusters or anything, but it is forecast to grow from $8.4
billion in 2013 to $10.8 billion in 2020. China is the main player in
that market, with 9 of every 10 e-bicycles being sold going there.
Western Europe’s market
is growing increasingly crowded with competitors and now accounts for
more than 20% of global e-bicycle revenue annually. Meanwhile, North
American players are finding new, younger e-bicycle consumers among
those who ride for transportation rather than entertainment. Even the massive 28 million unit Chinese market
is in a state of change as the government considers changes to the
rules governing the market and consumers begin to recognize the value of
lithium ion over lead-acid batteries. Navigant Research forecasts that annual sales of e-bicycles will grow from 31 million in 2013 to nearly 38 million in 2020. (source)
Via
Navigant
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