Latest news with #electricbicycle
Yahoo
5 days ago
- Automotive
- Yahoo
Bicycle Market Forecast and Company Analysis Report 2025-2033 Featuring Accell, Trek, Pon, Giant, Bulls Bikes, Pedego, Benno Bikes, Hero Cycle, Ribble Cycles, and Riese
The global bicycle market is projected to grow from $52.63 billion in 2024 to $74.59 billion by 2033, with a CAGR of 3.95%. Factors driving this growth include government regulations aimed at reducing carbon emissions and advancements in electric bicycle technology. Increasing urbanization, environmental awareness, and demand for sustainable mobility are propelling the industry forward. Key markets include Asia-Pacific, Europe, and North America, with rising investments in cycling infrastructure aiding growth. E-bikes are particularly noteworthy due to innovations in battery technology, enhancing their appeal for both commuting and leisure. Challenges include the high cost of e-bikes and competition from alternatives like e-scooters. Bicycle Market Dublin, July 18, 2025 (GLOBE NEWSWIRE) -- The "Bicycle Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to Bicycle Market is expected to reach US$ 74.59 billion by 2033 from US$ 52.63 billion in 2024, with a CAGR of 3.95% from 2025 to 2033 The main factors supporting the market share are the introduction of advantageous regulations by governmental organizations to reduce the amount of carbon emissions emitted by automobiles and the advancement of electric bicycles. Urbanization, growing environmental consciousness, and a growing desire for sustainable mobility have all contributed to the continuous rise of the bicycle business worldwide. Bicycles are seen to be a more environmentally friendly option than vehicles since they lower carbon emissions and encourage healthy living. Traditional motorcycles, electric bikes (e-bikes), and accessories are only a few of the several segments that make up the business. Thanks to developments in battery technology, e-bikes in particular have grown significantly and are now a cost-effective choice for both leisure and commuting users. As more individuals choose outside activities and personal transportation in reaction to the COVID-19 epidemic, cycling has also become increasingly China and India producing and using a big number of bicycles, Asia-Pacific continues to be the largest bicycle market. On the other hand, due to established cycling cultures and rising interest in sustainability and health, North America and Europe place a greater emphasis on high-end bikes and e-bikes. From producers to retailers, a variety of parties are involved in the bicycle industry's supply chain, and the market has changed as a result of the growth of direct-to-consumer business models via internet platforms. The sector is well-positioned for future growth in both established and emerging nations thanks to rising investments in infrastructure, such as bike lanes and cities that are governments all over the world investing heavily in cycling facilities, infrastructure development has emerged as a key factor in the growth of the bicycle market. The Netherlands showed their commitment in November 2022 by committing over USD 1.2 billion to the construction of bike infrastructure. In a similar vein, the French government announced in May 2023 a comprehensive investment plan of EUR 2 billion through 2027 to improve cycling infrastructure and encourage the use of bicycles. The goals of these initiatives are to build linked bicycle networks in cities, enhance bike parking facilities, and extend designated bike in the bicycle business are still being driven by product innovation, with manufacturers concentrating on creating customized bikes for various consumer groups. To improve the riding experience, the industry has seen a boom in the creation of ergonomic features, lightweight materials, and aerodynamic designs. For example, the Giant Group introduced its Momentum brand of e-bikes in Germany in 2023. The PakYak E+ was designed for adventurous light load hauling, while the Voya E+ was designed for urban commuting. The industry's reaction to the various demands and preferences of its clientele is reflected in these Drivers for the Bicycle Market Increasing Attention to Wellness and HealthCycling helps increase muscle strength, burn calories, and improve fitness levels. People are using sports like cycling to be active and maintain their fitness as they grow more health conscious. For example, Samagra Shiksha in Delhi has started a wellness club to teach students in grades 9 through 12 in government-run schools how to live healthy lifestyles. In addition, more individuals are using cycling to lower their risk and enhance their health as cardiovascular illnesses become more common. For example, recent research from the World Health Federation states that 20.5 million fatalities in 2021 were caused by cardiovascular diseases, which still affect over half a billion people globally. Bicycles are therefore widely used for fitness purposes all around the Cycle EventsBicycles are becoming more and more popular in trekking and leisure activities due to people's growing desire for adventurous pursuits, which is fueling the market's expansion. The demand for bicycles is also rising as a result of the participation and promotion of cycling by several public figures and celebrities. Additionally, by motivating individuals to establish objectives and prepare for a particular event, these activities advance fitness and health. After finishing the race, participants frequently report feeling more fit and according to the Irish Sports Council, Sport Ireland gave Cycling Ireland about €520,000 in 2022 with the goal of encouraging patrons to participate in a variety of cycling-related events throughout the nation. The event's ultimate goal was to increase awareness of and acceptance of bicycles throughout the city. The market share of bicycles is supported by such awareness-raising Use of E-BikesElectric bicycles, or e-bikes, are becoming a more popular mode of transportation among customers due to rising gasoline prices and growing traffic in cities. It is anticipated that traffic density would increase as more people relocate to cities, making transportation even more difficult. According to UN estimates, 68% of people on Earth will reside in cities by 2050, which will worsen traffic. With the help of e-bikes, a wider spectrum of people - including those with physical restrictions or lower fitness levels - can now ride bikes. Riders can go farther and climb hills more easily with electric help. With programs like World Bicycle Day (June 3rd), which is supported by the UN and WHO, governments are encouraging this change and helping the e-bike sector in the Bicycle Market High Cost of E-bikesOne major obstacle to the widespread adoption of electric bicycles, or 'e-bikes,' is their expensive cost, especially in poor nations. Due to its sophisticated technology, which includes electric motors, batteries, and controls, e-bikes are typically more costly than conventional bicycles. Increased production expenses as a result of these extra features are frequently passed on to customers. Even while e-bikes have advantages including longer travel times and simpler hill climbing, many prospective purchasers find their high cost prohibitive, particularly in areas with lower average earnings. Because of this, e-bikes are frequently viewed as a luxury good rather than a practical daily mode of transportation. Manufacturers may need to look for ways to lower production costs and provide more reasonably priced versions in order to boost from AlternativesBicycles face fierce competition from electric scooters and ride-sharing services, especially when it comes to short-distance transport. For short, city trips, electric scooters are sometimes seen to be more practical since they provide effortless movement without the physical strain of riding. Furthermore, ride-sharing services - like renting an electric bike or scooter - offer a convenient, on-demand mode of transportation that does not need ownership or upkeep. In crowded places where parking availability and traffic congestion are major issues, these options are especially alluring. Although bicycles, particularly e-bikes, are environmentally friendly and have health advantages, the conventional bicycle industry is facing competition from electric scooters and ride-sharing services due to their popularity, ease of use, flexibility, and rapid availability. Key Players Analyzed: Overview, Key Persons, Product Portfolio, Recent Development & Strategies, Revenue Analysis Accell Group NV Trek Bicycle Corporation Pon Holdings BV Giant Manufacturing Co. Ltd Bulls Bikes Pedego Inc. Benno Bikes LLC Hero Cycles Limited Ribble Cycles Riese Und Muller Gmbh Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $52.63 Billion Forecasted Market Value (USD) by 2033 $74.59 Billion Compound Annual Growth Rate 3.9% Regions Covered Global Key Topics Covered: 1. Introduction2. Research & Methodology2.1 Data Source2.1.1 Primary Source2.1.2 Secondary Source2.2 Research Approach2.3 Forecast Projection Methodology3. Executive Summary4. Market Dynamics4.1 Growth Drivers4.2 Challenges5. Global Bicycle Market5.1 Historical Market Trend5.2 Market Forecast6. Market Share Analysis6.1 By Types6.2 By Distribution Channels6.3 By Countries7. Type7.1 Road Bicycle7.2 Hybrid Bicycle7.3 All Terrain Bicycle7.4 E-Bicycle7.5 Other Types8. Distribution Channel8.1 Online Stores8.2 Offline Stores9. Countries9.1 North America9.1.1 United States9.1.2 Canada9.2 Europe9.2.1 France9.2.2 Germany9.2.3 Italy9.2.4 Spain9.2.5 United Kingdom9.2.6 Belgium9.2.7 Netherland9.2.8 Turkey9.3 Asia-Pacific9.3.1 China9.3.2 Japan9.3.3 India9.3.4 Australia9.3.5 South Korea9.3.6 Thailand9.3.7 Malaysia9.3.8 Indonesia9.3.9 New Zealand9.4 Latin America9.4.1 Brazil9.4.2 Mexico9.4.3 Argentina9.5 Middle East & Africa9.5.1 South Africa9.5.2 Saudi Arabia9.5.3 UAE10. Porter's Five Forces Analysis10.1 Bargaining Power of Buyers10.2 Bargaining Power of Suppliers10.3 Degree of Rivalry10.4 Threat of New Entrants10.5 Threat of Substitutes11. SWOT Analysis11.1 Strength11.2 Weakness11.3 Opportunity11.4 Threat12. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Bicycle Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
CBS News
01-07-2025
- CBS News
Man crashes into sheriff's deputies' car on e-bike while allegedly carrying illegal drugs in Inland Empire
A man in the Inland Empire allegedly gave deputies a fake name and tried to flee from them before riding an electric bicycle into the back of a sheriff's department squad car while carrying drugs, authorities say. According to the San Bernardino Sheriff's Department, deputies performing a proactive patrol in Rancho Cucamonga around 1:39 p.m. Monday stopped a man who was riding an e-bike. The man, identified as a 42-year-old Los Angeles resident, allegedly gave the deputies a fake name when approached. While one of the deputies was exiting his vehicle to speak more to the man, the man fled the scene on the bike. The man then allegedly rode through the parking lot and crashed into the back of the deputies' marked vehicle, authorities said. The man then attempted to flee on foot but was quickly detained by deputies. He tossed a backpack during the brief foot pursuit. Deputies eventually found a large amount of methamphetamine packaged in several individual baggies. A scale was also found inside. Authorities took the man to a local hospital for evaluation following his crash, then to West Valley Detention Center for booking. He was arrested on suspicion of possession of a controlled substance for sale and transportation of a controlled substance. It was also determined that the man was on active probation for previous charges of resisting an executive officer and possession of a controlled substance with two or more priors. No additional details were made available.
South China Morning Post
14-06-2025
- General
- South China Morning Post
Kind young Chinese pupils rush to help crashed delivery rider, pick up scattered lunchboxes
A group of school pupils in China have moved internet users by supporting an electric bicycle and picking up lunchboxes left scattered on the road after a food delivery worker crashed while working. The touching scene was filmed by a camera worn on the chest of delivery man Dong Ziheng while he was riding the electric bike in an alley in Xingtai, northern Hebei province on June 3. Dong fell off the bike as he tried to avoid hitting another electric bike coming in the opposite direction. After the fall, a young boy wearing glasses ran towards him and offered to help. With his bike now standing up, Dong looked back to check on the food he was delivering. The eager, helpful youngsters set about picking up the delivery driver's spilled cargo. Photo: handout He was taken aback to find that the boy and several of his schoolmates, all dressed in their school uniforms, were collecting spilled lunchboxes from the ground and putting them back in the basket on the back of his bike.
BBC News
02-06-2025
- General
- BBC News
Cyclist, 60s, dies following A1062 Ludham collision
A man in his 60s has died following a collision involving an electric bicycle in a Broadland Police said the incident in Ludham involved a grey Nissan X-Trail car and a black electric pedal cycle on the A1062 Yarmouth Road at about 18:45 BST on Saturday. The cyclist, a man in his 60s, was taken to hospital and died from his injuries. The force is appealing for anyone who may have witnessed the collision, which happened near the junction with Fritton Lane, or who has relevant dashcam footage. Follow Norfolk news on BBC Sounds, Facebook, Instagram and X.
