According to the recent study the electric bicycle market in Australia is projected to grow at a CAGR of 6.7% from 2020 to 2026. Growth in this market is primarily driven by increasing traffic congestion and rise in fuel prices, increasing health concerns/fitness consciousness, and growing environmental awareness.
Browse XX figures / charts and XX tables in this 115 -page report to understand trends, opportunities and forecast in electric bicycle market in Australia by bicycle type (cargo, city/hybrid, mountain, standard, and others), usage (traveling, social, exercise/fitness and others), propulsion type (pedal assisted and throttle on demand), and motor type (hub and mid/crank), and battery type (lithium ion and others).
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“Mountain e-bike market is expected to remain the largest segment during the forecast period.”
Based on bicycle type, the electric bicycle market in Australia is segmented into cargo, city/hybrid, mountain, standard, and others. Lucintel forecasts that the mountain market is expected to experience the largest segment due to increasing awareness on fitness and increasing recreation activities.
“Within the electric bicycle market in Australia, the traveling segment is expected to remain the largest usage”
Based on usage, the traveling segment is expected to witness the largest end use largest segment over the forecast period due to increasing traffic congestion and rising fuel prices.
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Major players of electric bicycle market in Australia are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Giant Bicycle Co., Ltd, Merida Industry Co., Ltd, Specialized Bicycle Component, and ORBEA electric bicycle market in Australia are among the major Electric bicycle Market in Australia providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/electric-bicycle-in-australia.aspx or [email protected]
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