Export orders for electric bicycles in the industry have skyrocketed

Export orders for electric bicycles in the industry have skyrocketed in the past two years, and sales will not cool down in the short term

According to data from the British Bicycle Association (UKBA), the sales of electric bicycles surpassed that of electric cars in 2020. Last year, 160,000 electric bicycles were sold under the special circumstances of the epidemic. This year's statistics show that one electric bicycle was sold every three minutes.

Data from the World Economic Forum`s show that in 2020, approximately 600,000 electric bicycles were sold in the U.S. market. If there was no shortage, the sales could have been more
According to a survey by NPD (an established American market research company), the sales of electric bicycles increased by 240% in the 12 months before July 2021. However, it is interesting that the growth of traditional bicycles and peripheral equipment is only 15%, indicating that electric bicycles are in a leading position in the overall growth of the industry.