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Consumers are increasingly preferring e-bikes over conventional bicycles. Technavio’s market research and analysis has identified this rising preference for e-bikes as one of the primary factors that will fuel the growth of the e-bike service certification market in the coming years. With the increase in sales of automobiles around the globe, there is a growing need for eco-friendly vehicles to reduce emission levels. This drives the need for vehicles such as e-bikes. Moreover, the integration of assisted pedaling system in e-bikes that aids in easy riding in uneven surfaces and the availability of e-bikes that are portable, easy to store, and convenient for riders, will also drive the demand for e-bikes. This will subsequently drive the growth of this market and according to our market research analysts, this market will grow steadily at a CAGR close to 10% by 2021.
The increasing adoption of battery technology in e-bikes will be one of the key trends contributing to the growth of the e-bike service certification market in the coming years. Customers in North America and Europe are looking for personalized transportation, driving the sales of e-bikes. Several manufacturers are focusing on developing electric batteries that utilize solar for charging. This will help increase the range of e-bikes without affecting its power-carrying capacity.
The e-bike service certification market is fragmented due to the presence of several unregulated educational organizations offering their courses to technicians. Many training sessions are conducted to increase the network dealership of e-bikes to multiple locations. The market is quite competitive and the players in this electric bicycle certification market mainly compete based on factors such as price, quality, and innovation.
The leading vendors in the market are-
The other prominent vendors in the market are Rev-Bikes and Yamaha Motor Co.
During 2016, the retailers segment accounted for the major shares of the e-bike service certification market. Retailers have the need to be updated about the trending technological advancements and accordingly design products. Retail e-bike service certification course providers are mainly educational organizations that consist trained teachers and well-maintained classrooms.
This market study estimates that in terms of geographic regions, Europe will be the major revenue contributor to the e-bike service certification market throughout the forecast period. The availability of standardized courses recognized by the governments is one of the major factors fueling the growth of the electric bicycle certification market in this region.
Technavio also offers customization on reports based on specific client requirement.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY END-USER
PART 07: REGIONAL LANDSCAPE
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: KEY VENDOR ANALYSIS
PART 13: APPENDIX
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