According to Pike Research projections, there will be 466 million electric two-wheel vehicles to hit the road by 2016. This includes the electric assisted bicycle, e-motorcycles, and e-scooters. Industry analyst David Hurst says that China will dominate the global electric two-wheel vehicle market, representing more than 95% of sales over the next six years. The electric assist bicycle or e-bike is forecasted to make up the largest category of sales taking 56% of the market. Electric motorcycles are expected to take up 43%, and electric scooters less than 1%. Hurst explains that the reason for such a strong market surge is due to the aligning of demographics, and economics in many countries. For example, the electric assisted bicycle in some countries will become engines for economic growth, while in other countries they would be examples of behavioral shifts, such as living a greener lifestyle.
Outside of the Asia Pacific, North America and Europe are scurrying to meet these market demands for electric 2-wheeled vehicles. Without a well-defined retail channel though, the adoption of e-bikes is going at a much slower pace. The problem seems to be a lack of established distribution channels for these vehicles. Many manufacturers are diligently working to find a combination of independent dealers, online sales, and mass retailers that will effectively deliver their product while providing sufficient after-sales service to its customers.
Pike Research report provides in-depth, independent, unbiased information on the global market for clean technology as with the electric motorcycles, electric scooters, and electric assisted bicycles. They address such questions as how e-bikes, e-scooters, and e-motorcycles are typically sold, what kind of governmental programs are in place and how they impact the electric 2-wheel vehicle market, what demographic and social trends are occurring to impact the electric vehicle market, how is the definition of e-bikes different from e-scooters and motorcycles, and what are the differences in battery chemistries used in electric assist bicycles just to name a few.
This report is important to many different types of people, and businesses such as: battery manufacturers, electric vehicle retailers, government environmental and transportation agencies, bicycle trade associations, environmental transportation advocacy groups, utility managers, powersports component suppliers and marketing managers, and investors. So if you are a technology company, investor, or a governmental agency, this cleantech market intelligence will help you you’re your way around all of the complexities of the cleantech business and create strategies for future success.
The worldwide market for electric assisted bicycle, as well as, the e-motorcycle and e-scooter is expected to grow at a compound annual rate of 9% through 2016. Our country is beginning to realize that there is no other form of transportation that offers the convenience and freedom that an e-bike, motorcycle, or scooter does. Unlike commuting in a car, there is no need to make car payments, buy gas, insurance, oil changes, and parking. The cost savings of owning an e-bike is about $1400 a year, while producing ZERO carbon emissions. They do not create traffic jams, there is no worry over parking, and the environment LOVES them!
