European e-bike market expected to reach US$13,636 million by

SEATTLE, April 25, 2022 (GLOBE NEWSWIRE) — The European e-bike market was valued at US$6,327.7 million in 2021 and is expected to reach US$13,636 million by the end of 2030.

An e-bike refers to bicycles equipped with a motor and rechargeable batteries that assist the rider and take some of the pressure off pedaling efforts. E-bikes allow users to ride further and more often without getting tired compared to conventional bikes. It is also useful for users with reduced mobility and offers a cheaper alternative to traveling by car.

E-bike manufacturers are focused on improving the overall user interface by creating and developing e-bikes that can interact with riders’ smartphones and provide real-time speed and ride information. battery level. The e-bike market in Europe is expected to witness significant growth over the forecast period with an increasing number of companies entering the market and increased demand for e-bikes in last mile deliveries.

Market factors

Consumer inclination towards the use of e-bikes as an environmentally friendly and efficient solution for commuting

The increase in global carbon emissions from fuel combustion has been a major concern of governments and environmentalists over the past decades. This, in turn, is driving the demand for electric vehicles across the globe, thereby driving the growth of the market. Moreover, due to rising fuel cost internationally, increased pollution and traffic congestion, especially in urban areas, the popularity of e-bikes in all continents has increased. Additionally, higher operating and maintenance costs of fuel-powered vehicles are driving a shift in preference for e-bike in daily commuting, which, in turn, is propelling the growth of the European e-bike market.

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Market opportunities:

Improved cycling infrastructure and battery technology

E-bikes are cheaper than cars, do not require a license and can be used on existing cycling infrastructure. Rapid urbanization and lower consumer preference for car usage due to increasing traffic congestion are expected to provide lucrative opportunities for market growth. In addition, governments are focusing on the development of e-bike infrastructure, including bike lanes and public charging stations, with the inclination of consumers towards e-bikes. Moreover, constant technological innovations in the field of e-bike by market players are expected to propel the growth of the market. Thus, all these factors are collectively expected to provide remunerative opportunities for the growth of the European e-bike market over the forecast period.

Market trends

The governments of European countries such as Germany, the Netherlands and Belgium are taking initiatives to reduce the carbon footprint by encouraging the use of e-bikes, electric vehicles and bicycles, due to increased awareness the dangerous effects of using fossil fuel vehicles. . Electric bicycles, scooters and motorcycles have attracted the attention of various governments as reliable and efficient types of light motor vehicles (LMV), which help to reduce carbon footprint. In addition, to encourage the use of these environmentally friendly vehicles, governments around the world are supporting the purchase of electric mobility, in terms of tax credits and incentives. In addition, infrastructure such as guarded bicycle parking lots, the construction of more (express) bicycle lanes and the establishment of battery charging stations in many countries by governments are significantly boosting the adoption of electric bicycles by users, thereby propelling the growth of Europe’s e-bike market.

Competitive landscape

Major companies operating in the European e-bike market include Accell Group, BionX, Bosch, Derby Cycle AG, Easy Motion, Electric Bike Technologies LLC, Giant Bicycles, GRACE, Jiangsu Xinri E-Vehicle Co. Ltd., Panasonic, Pedego, Stromer, Superpedestrian, Trek and Yadea Technology Group Co. Ltd.

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Market segmentation :

  • By type of bike:
    • Mountain bike
    • Road bike
    • City bike
    • cargo bike
    • Others
  • By battery type:
    • lead-acid
    • Nickel-cadmium
    • Nickel-metal hydride
    • Li-ion
  • By engine:
  • By operating mode:
    • Battery/pedal operated
    • throttle control

Related Market Information Reports:

Electric bike marketby type (mountain bike, road bike, city bike, cargo bike and others), by battery type (lead-acid, nickel-cadmium, nickel-metal hydride and lithium-ion), by motor (hub motor and Mid-Motor), By Operation Mode (Battery Operated/Pedal Operated and Accelerator Operated) and Region (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa) share, prospects and opportunities, 2021 – 2028

e-bike charging station marketBy Vehicle Type (Electric Scooters/Electric Motorcycles & Bicycles) and Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa) – Size, Share, Prospect and Market Analysis opportunities, 2021 – 2028

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Mary I. Bruner