According to a new market report published by Lucintel, the future of the electric bicycle market in Australia looks promising with opportunities in the traveling, social, and exercise and fitness markets. The electric bicycle market in Australia is expected to grow with a CAGR of 6% from 2021 to 2027. The major drivers for this market are increasing traffic congestion and rise in fuel prices, increasing health concerns/fitness consciousness, and growing environmental awareness.
In this market, cargo, city/hybrid, mountain, standard, and others bicycles are used for traveling, social, and exercise and fitness. Lucintel forecasts that mountain e-bike will remain the largest market by value due to increasing awareness on fitness and increasing recreation activities.
Within the electric bicycle market in Australia, traveling will remain the largest segment over the forecast period due to increasing traffic congestion and rising fuel prices.
Emerging trends, which have a direct impact on the dynamics of the electric bicycle market in the Australian market, include development of luxury folding e-bikes, and Introduction of high tech electric bikes with smartphone integration. Giant Bicycle Co., Ltd, Merida Industry Co., Ltd, Specialized Bicycle Component, and ORBEA are among the electric bicycle manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the electric bicycle market in Australia by bicycle type, usage, propulsion type, motor type, and battery type. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Electric Bicycle Market in Australia 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the electric bicycle market in Australia by bicycle type, usage, propulsion type, motor type, and battery type as follows:
By Bicycle Type [Value ($M) and Volume (Units) shipment analysis for 2016 – 2027]:
Cargo
City/Hybrid
Mountain
Standard
Others
By Usage [Value ($M) and Volume (Units) shipment analysis for 2016 – 2027]:
Traveling
Social
Exercise/Fitness
Others
By Propulsion Type [Value ($M) and Volume (Units) shipment analysis for 2016 – 2027]:
Pedal Assisted
Throttle on Demand
By Motor Type [Value ($M) and Volume (Units) shipment analysis for 2016 – 2027]:
By Battery Type [Value ($M) and Volume (Units) shipment analysis for 2016 – 2027]:
This 205-page 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 www.lucintel.com/electric-bicycle-market-in-australia.aspx helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the 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), motor type (hub and mid/crank), and battery type (lithium ion and others)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.4 What are the business risks and threats to the market?
Q.5 What are the emerging trends in this market and the reasons behind them?
Q.6 What are the changing demands of customers in the market?
Q.7 What are the new developments in the market? Which companies are leading these developments?
Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.10 What M & A activities have taken place in the last 5 years in this market?