Market Predictions
PikeResearch, a for-profit market research firm, released a report in 2010 which included market analysis and forecasts for electric two-wheel vehicles. They conclude that, "The worldwide electric two-wheel vehicle market is expected to grow at a compound annual rate of 9% through 2016" and that "a lack of a well-defined retail channel hampers faster adoption in North America and Europe." PikeResearch also forecasted that worldwide sales of e-bikes, e-motorcycles, and e-scooters will reach more than 466 million between 2010 to 2016, and China will continue to dominate the world market, with more than 95% of sales during this period. E-bikes sales are expected to have the largest share with 56% of the market.
However, the Los Angeles Times reported that electric bicycle sales in the U.S. have slowed in 2010 compared to 2009. This could be due to a slowing economy."
Read more about this topic: Electric Bicycle
Famous quotes containing the words market and/or predictions:
“I respect not his labors, his farm where everything has its price, who would carry the landscape, who would carry his God, to market, if he could get anything for him; who goes to market for his god as it is; on whose farm nothing grows free, whose fields bear no crops, whose meadows no flowers, whose trees no fruit, but dollars; who loves not the beauty of his fruits, whose fruits are not ripe for him till they are turned to dollars. Give me the poverty that enjoys true wealth.”
—Henry David Thoreau (1817–1862)
“The Brahmins say that in their books there are many predictions of times in which it will rain. But press those books as strongly as you can, you can not get out of them a drop of water. So you can not get out of all the books that contain the best precepts the smallest good deed.”
—Leo Tolstoy (1828–1910)