Lucintel’s latest market report analyzed that electric bicycle market in Australia provides attractive opportunities in the traveling, social, and exercise and fitness markets. The electric bicycle market in Australia is expected to grow with a CAGR of 6.7%. In this market, mountain is the largest segment by bicycle type, whereas traveling is largest by usage.
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Based on bicycle type, the electric bicycle market in Australia is segmented into cargo, city/hybrid, mountain, standard, and others. The mountain segment is expected to accounted for the largest share of the market in 2020 due to increasing awareness on fitness and increasing recreation activities.
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The electric bicycle market in Australia is marked by the presence of several big and small players. Some of the prominent players offering electric bicycle Market in Australia include Giant Bicycle Co., Ltd, Merida Industry Co., Ltd, Specialized Bicycle Component, and ORBEA Electric bicycle Market in Australia.
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