Christy Publications Electric Bicycles Market - Page 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. Read detail market study @ China has the largest consumer base for electric bicycles accounting for over 80% of the overall market share