J.R.
Well-Known Member
- Region
- USA
- City
- Piedmont Highlands
BRAIN August 26, 2021
"Industry analysts estimate that more than 12 million electric bikes will be sold in the United States between 2020 and 2030. According to NPD Group data, the 2020 electric bicycle retail market in the United States was estimated to be $547 million, more than double the 2019 market. For 2021, electric bicycle sales aren't slowing down — in the first half of 2021, sales of electric bicycles were up 64% compared to January-June of 2020."
"With the data from NPD Group and our own research showing that 15% of Americans plan to purchase an electric bicycle in the next 10 years, we see nothing but opportunity for this sector of the industry,"
www.bicycleretailer.com
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There's more in the article. The growth numbers are astounding! There's always a ceiling with any market, I'm not sure what that ceiling actually is. Many of these ebikes will be bought for recreation or toys, but once in the garage you never know. We've seen plenty of newcomers to ebikes, where they became a way of life. I've met people that would've never considered bicycle commuting to suddenly try it once they got their ebike. And the scores of people on ebikes at destination trails that never had a chance to ride 40 miles in a day on a regular bike. Ebikes really expand mileage capability and allow a rider to see and experience things they couldn't in any other way.
Offer your friends a test ride! You just might change their lives forever
"Industry analysts estimate that more than 12 million electric bikes will be sold in the United States between 2020 and 2030. According to NPD Group data, the 2020 electric bicycle retail market in the United States was estimated to be $547 million, more than double the 2019 market. For 2021, electric bicycle sales aren't slowing down — in the first half of 2021, sales of electric bicycles were up 64% compared to January-June of 2020."
"With the data from NPD Group and our own research showing that 15% of Americans plan to purchase an electric bicycle in the next 10 years, we see nothing but opportunity for this sector of the industry,"
PeopleForBikes Announces Major Investments to Grow Electric Bicycle Market and Access
BOULDER, COLO (August 25, 2021) — PeopleForBikes, a national bicycling advocacy nonprofit and the bicycle industry's trade association, is committing more staff and resources to support the use of and access to electric bicycles across the U.S.
www.bicycleretailer.com
There's more in the article. The growth numbers are astounding! There's always a ceiling with any market, I'm not sure what that ceiling actually is. Many of these ebikes will be bought for recreation or toys, but once in the garage you never know. We've seen plenty of newcomers to ebikes, where they became a way of life. I've met people that would've never considered bicycle commuting to suddenly try it once they got their ebike. And the scores of people on ebikes at destination trails that never had a chance to ride 40 miles in a day on a regular bike. Ebikes really expand mileage capability and allow a rider to see and experience things they couldn't in any other way.
Offer your friends a test ride! You just might change their lives forever
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