Lucintel Forecasts the Global Electric Bicycle Market in Australia to Reach $1 billion by 2030
Lucintel Forecasts the Global Electric Bicycle Market in Australia to Reach $1 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global electric bicycle market in Australia looks promising with opportunities in the traveling, social, and exercise and fitness markets. The global electric bicycle market in Australia is expected to reach an estimated $1 billion by 2030 from $0.3 billion in 2023,at a CAGR of 26% from 2023 to 2030. The major drivers for this market are increasing traffic congestion and rise in fuel prices, increasing health concerns/fitness consciousness, and growing environmental awareness.
Browse 119 figures / charts and 113 tables in this 306 –page report to understand trends, opportunity and forecast in electric bicycle market in Australia to 2030 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).
Lucintel forecasts that mountain e-bike will remain the largest market by value due to increasing awareness on fitness and increasing recreation activities.
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Traveling will remain the largest segment over the forecast period due to increasing traffic congestion and rising fuel prices.
Giant Bicycle, Merida Industry, Specialized Bicycle Component, ORBEA, Norco Bicycles, Focus Bikes, Smartmotion Electric Bikes are the major suppliers in the electric bicycle market in Australia.
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 write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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