E-bike Market in Europe to Grow at 7.09% CAGR by 2019
An e-bike, commonly known as an electric bicycle or booster bicycle, has an integrated electric motor that helps in the propulsion of the bike.
E-bikes can be classified according to the power capacity of electric motor and the control system as pedal-assist only, with power-on-demand and pedal-assist, or with power-on-demand only. The classification of e-bikes vary in different countries, in some they are referred to as bicycles than mopeds or motorcycles to be exempt from stringent laws applicable for other vehicles. E-bikes are treated as a special vehicle type in many areas of legal jurisdiction.Analysts forecast the E-bike market in Europe to grow at a CAGR of 7.09 percent over the period 2014-2019. This report covers the present scenario and the growth prospects of the E-bike market in Europe for the period 2015-2019.
See full article by Ayesha Mulani in WhaTech, here.