Christy Publications Electric Bicycles Market - Page 3
Annual unit sales of electric bicycles in China are projected to decline over the forecast period,
owing to increasing traffic disruption and accidents. In 2009, around 10 cities that included
Guangzhou, Changsha, Shenzhen, Changzhou, Foshan and Dongguang, had either imposed
restrictions or banned usage of e-bikes. However, China is projected to retain dominance in the
electric bicycles market over the forecast period due to significant demands for electric bicycles
from other cities of economy.
Industry is characterized by large number of number of entrants participating in the
competition, primarily owing to introduction of new crowd funded projects to reduce the
carbon footprints and increasing demands in Germany, India, Netherlands and the U.S. Key
players operating in electric bicycles market include Accell Group, Derby Cycle AG, Easy Motion,
Jiangsu Xinri E-Vehicle Co. Ltd., Panasonic, Pedego, Stromer, and Yadea Technology Group Co.
Ltd., BionX, Bosch, Electric Bike Technologies LLC, Giant Bicycles, GRACE, Superpedestrian, and
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