Electric Bicycle Sales to Reach Nearly 38 Million Units per Year by 2020, Forecasts Navigant Research

  Electric Bicycle Sales to Reach Nearly 38 Million Units per Year by 2020,
  Forecasts Navigant Research

Business Wire

BOULDER, Colo. -- April 11, 2013

Driven by intensifying urbanization, the increasing use of bicycles and other
two-wheeled vehicles for everyday commuting, and the rise of new market
entrants and more mature products, the market for electric bicycles has become
well-established in some regions, particularly in Asia Pacific and Europe.
According to a new report from Navigant Research, worldwide sales of e-bikes
will grow slowly but steadily through the remainder of this decade, growing
from 30.6 million units annually in 2013 to 37.9 million units in 2020.

“In many cities, the streets are so clogged with traffic that they are
virtually unnavigable by car, and e-bikes are seen as an increasingly viable
option for urban mobility,” says Dave Hurst, principal research analyst with
Navigant Research. “The utilization of high-quality, affordable lithium ion
batteries, among other factors, is helping open this market to people outside
the normal e-bicycle demographic. Younger riders are more frequently turning
to e-bicycles in countries in North America and Western Europe.”

China accounts for the vast majority of e-bicycle sales: 90 percent of the
e-bicycles sold worldwide from 2013 to 2020 will be sold in China. Many cities
in China, however, either already have or are considering bans on e-bicycles
because of increasing accidents and bicycle congestion. The report’s forecasts
assume that bans will either remain in place or be enacted in parts of several
major cities, including Beijing, Shanghai, and Shenzhen.

The report, “Electric Bicycles”, provides a detailed analysis of the market
forces, key drivers of growth, technology, and government influence on the
worldwide market for electric bicycles. Forecasts are included, both base and
aggressive scenarios, for annual e-bicycle sales through 2020, broken down by
region and by battery technology. The report also includes profiles of key
e-bicycle manufacturers, suppliers, and other market players. An Executive
Summary of the report is available for free download on the Navigant Research
website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about global clean technology markets. The
team’s research methodology combines supply-side industry analysis, end-user
primary research and demand assessment, and deep examination of technology
trends to provide a comprehensive view of the Smart Energy, Smart Utilities,
Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at
www.navigant.com.

* The information contained in this press release concerning the report,
“Electric Bicycles,” is a summary and reflects Navigant Research’s current
expectations based on market data and trend analysis. Market predictions and
expectations are inherently uncertain and actual results may differ materially
from those contained in this press release or the report. Please refer to the
full report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any of the
information contained in this press release or the report.

Contact:

Navigant Research
Richard Martin, +1-303-493-5483
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com
 
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