E-bike sales soar as Giant forecasts 600,000 e-bike sales this year

If you’ve done a double take recently after seeing an otherwise unassuming cyclist zip past you or climb a steep hill without the typical blast, you’re not crazy. You’ve probably seen one of many e-bikes in a rapidly growing wave of e-bike adoption.

And Giant’s massive e-bike sales forecast for this year further underscores the rate at which consumers are turning to e-bikes.

Giant is one of the biggest players in the e-bike market.

In the first half of the year alone, the Taiwanese company announced that it sold 290,000 e-bikes.

Now they expect to sell another 310,000 e-bikes by the end of the year, estimating they will hit 600,000 units sold for all of 2019.

Perhaps further proof of Giant’s success with e-bikes comes in the form of a recently built European production facility. The company is in the process of finalizing the opening of a new factory in Hungary to better supply the European market.

Electric bike sales are booming

It is true that e-bike sales are growing faster than ever. But what makes the numbers even more dramatic is the fact that pedal bike sales are steadily declining.

In fact, during a press briefing at the unveiling of the Yamaha Wabash electric gravel bike, Yamaha’s sales team shared some interesting industry data with Electrek. It turns out that every bike category is seeing a year-over-year drop in sales, with the exception of gravel bikes and e-bikes. This explains why Yamaha’s new Wabash debuted as an electric gravel bike.

Electrek’s Grasp

I might be a little biased here due to my e-bike lifestyle, but I think this boom in e-bike sales makes perfect sense.

If you’ve ever tried an e-bike, you know that silly grin you get after your first ride. Electric bikes are just one destroy to drive. But then, when you add in all their usefulness, they become a no-brainer.

There are so many people now replacing a second car with an e-bike.

And it’s getting easier and easier to do with the introduction of capable, affordable e-bikes like the RadWagon electric cargo bike we recently reviewed. Bikes like these cost less than $1,500 and yet can haul multiple kids to school, can buy groceries for an entire family, and can serve as a high-performance commuter vehicle for commuting to work or school. school.

You can see my RadWagon review below:

Add to the fact that many of these bikes run with an option for pedal assist or throttle, then finish with some form of free exercise when you’re ready, or a fast moped-style ride when you just want to get to your destination quickly and easily.

And that’s not even mentioning the many $500-$1,000 budget e-bikes that offer a great way to get your feet wet with e-bikes without spending $2,500-$4,000 on fancier e-bikes like those that companies like Giant make.

I’m thrilled to see the popularity of e-bikes continue to take off, because I believe so much in their ability to improve our cities and our lives.

And even if an e-bike isn’t for you, consider this the next time you see someone riding one: it’s one less car that clutters the roads and causes more traffic for everyone. When people switch from cars to e-bikes, we all win.

Giant news via: bikeeu

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