It's electric! E-bikes led by higher price points drive bicycle sales in the U.S.
Electric bicycles are showing strong year-over-year growth in the U.S., with dollar sales growing by 95 percent in the 12 months ending July 2017, and unit sales up 96 percent, according to global information company The NPD Group. A $64.9 million category, electric bicycle sales have nearly tripled over the last 36 months. Electric bicycles priced $2,000 and over not only account for the bulk of sales, but are also driving sales.Source: The NPD Group
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