Christy Publications Electric Bicycles Market | 页面 2

Health Organization (WHO). Moreover, pollution levels across the globe have witnessed
significant surge, owing to increasing vehicle traffic. According to Union of Concerned Scientist,
one fifth of the U.S. emissions responsible for global warming are generated due to trucks and
cars. Reduction in emissions and traffic levels can be achieved by adopting eco-friendly electric
bicycles that can drastically decrease traffic congestion along with negligible carbon emissions,
which is expected to propel growth of the electric bicycles market over the forecast period.
Increasing awareness and government initiatives to promote use of battery operated vehicles is
resulting into increasing adoption of eco-friendly vehicles by consumers. For instance, FAME-
India scheme in India, electric bike grant scheme in states of Jersey, and grants offered for EVs
purchase by Office for Low Emissions in UK are the government initiatives which were focused
on promotion of e-bike. These initiatives are expected to provide potential growth opportunities
for the electric bicycles market throughout the forecast period.
Health benefits offered by electric bicycles such as cardiac rehabilitation and weight reduction
are expected to fuel market growth
According to National Health Service (NHS), exercise-based rehabilitation programs can reduce
deaths risks by 25% and adoption of these bikes provide less cardiac exertion for people with
existing coronary problems. Patients suffering from obesity who are unable to exercise can
comfortably use these bicycles, which allows them taking short breaks from pedaling. Moreover,
biking on rough terrains and difficult slopes by bikers is also fueling growth of the market.
Sealed lead-acid (SLA) batteries held the largest share in the market
SLA batteries held largest industry share in market, owing to low costs and large consumer base
in China. Batteries utilized in the bikes vary on the basis of voltage, amp hour capacity, life and
reliability. However, Li-ion batteries are projected to witness significant demand over the
forecast period, primarily owing to relatively better performance characteristics and lower
carbon footprints.
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China has the largest consumer base for electric bicycles accounting for over 80% of the overall
market share