E-Bikes To Dominates Light Electric Vehicle Sales

IDTechEx paid report anticipates annual sales of 130 million e-bikes by 2025 with most sales concentrated in Europe, Japan and China.

Published: 29-Jan-2014

The global light electric vehicles (LEV) sector is witnessing robust growth; actually, it is the most fastest-growing segment of the overall electric vehicles market. The highest growth rates are registered in China. Until recent years, ebike sales were concentrated in the EU, Japan and China. However, during the past few years almost every nation has bought the Chinese ebikes, and in certain cases in rather large volumes. Ebikes are and will remain the most popular LEVs, and their annual sales are poised to be estimated nearly 130 million up to 2025, enabling it to become the largest industry worldwide. Currently, throttle-controlled bikes are in high demand worldwide. A substantial part of ebikes sold annually belong to scooters.

Large large bicycle companies are expected to face fierce competition and even be pushed aside by motorcycle, car and auto parts making companies. Asian countries, particularly Taiwan, China, Japan and South Korea, are deemed to have huge growth potential owing to the presence of strong supply chains for nearly every LEV/LEV component in these geographies.

New research report “Light Electric Vehicles, Mobility Vehicles, E-Motorcycles and Micro-EVs (Quadricycles) 2013-2023” worked out by IDTechEx Ltd has been recently published by Market Publishers Ltd.

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