Global E-bike Service Certification Market 2017-2021

Overview of the global e-bike service certification market

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.

Competitive landscape and key vendors

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-

• Bosch
• CEBA (Canadian Electric Bicycle Association)
• Cytech
• Light Electric Vehicle Association (LEVA)

The other prominent vendors in the market are Rev-Bikes and Yamaha Motor Co.

Segmentation by end-user type and analysis of the e-bike service certification market

• Dealers
• Retailers

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. 

Segmentation by geography and analysis of the e-bike service certification market

• Asia
• Europe
• North America
• ROW

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global e-bike service certification market?
• What are the key market trends impacting the growth of the global e-bike service certification market?
• What are the challenges to global e-bike service certification market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global e-bike service certification market?
• Trending factors influencing the market shares of the Asia, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global e-bike service certification market?

Technavio also offers customization on reports based on specific client requirement.