According to a market report 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 reach an estimated $1 billion by 2030 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.
Download
sample by clicking on electric
bicycle market in Australia.
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.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
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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