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Europe Electric Bike (E-Bike) Market – Industry Trends and Forecast to 2029

  • Automotive
  • Upcoming Report
  • Apr 2022
  • Europe
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Automotive
  • Upcoming Report
  • Apr 2022
  • Europe
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Europe Electric Bike (E-Bike) Market, By Battery Type (Lithium-Ion, Lithium-Ion Polymer, Nickel Metal Hydride, Lead Acid, Sealed Lead Acid and Others), Hub Motor Location (Mid Drive Hub Motor, Rear Hub Motor and Front Hub Motor), Mode (Pedal Assist and Throttle), Battery Power (Under 750 W and Over 750 W), Class (Class I (Pedal Assist/Pedelec), Class II (Throttle) and Class III (Speed Pedelec)), Usage (City/Urban, Cruise, Mountain/Trekking Bikes, Racing, Cargo and Others) - Industry Trends and Forecast to 2029.

Europe Electric Bike (E-Bike) Market

Europe Electric Bike (E-Bike) Market Analysis and Size

In the recent years, consumers are considering electronic bikes as an ideal substitute for smart cars, public transport and scooters. These bikes are highly beneficial in tackling traffic congestion as these bikes are smaller in size and attain higher speed.

  • Europe electric bike (E-Bike) Market was valued at USD 3136.84 million in 2021 and is expected to reach USD 6962.73 million by 2029, registering a CAGR of 9.70% during the forecast period of 2022-2029. Lithium-Ion accounts for the largest battery type segment in the respective market owing to the as these batteries are batteries are smaller in size, long-lasting. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Europe Electric Bike (E-Bike) Market Definition

Electric bike refers to a bicycle that possesses battery and integrated electric motor drive mechanism. The components produce power for causing or assisting propulsion. Various kinds of globally available e-bikes range from electric bikes with a small motor to more powerful e-bikes that produce power to drive the bike using throttle.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Forecast Period

2022 - 2029

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Battery Type (Lithium-Ion, Lithium-Ion Polymer, Nickel Metal Hydride, Lead Acid, Sealed Lead Acid and Others), Hub Motor Location (Mid Drive Hub Motor, Rear Hub Motor and Front Hub Motor), Mode (Pedal Assist and Throttle), Battery Power (Under 750 W and Over 750 W), Class (Class I (Pedal Assist/Pedelec), Class II (Throttle) and Class III (Speed Pedelec)), Usage (City/Urban, Cruise, Mountain/Trekking Bikes, Racing, Cargo and Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa

Market Players Covered

Accell Group (Netherlands), Derby Cycle (Germany), JIANGSU XINRI E-VEHICLE CO.,LTD. (China), Karbon Kinetics Ltd (UK), ITALJET SPA (Italy), Riese & Müller GmbH (Germany), M1-Sporttechnik (Germany), F.I.V. E. Bianchi S.p.A. (Italy), Kawasaki Motors Corp., U.S.A. (US), WUXI YADEA EXPORT-IMPORT CO.,LTD. (China), Giant Bicycles (Taiwan), Trek Bicycle Corporation (US), myStromer AG (Switzerland) and Specialized Bicycle Components, Inc.(US), among others

Market Opportunities

  • Rise in the government initiatives
  • Expansion of tourism sector rise in consumer inclination towards electric or e-bikes

Europe Electric Bike (E-Bike) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Government Initiatives

The rise in the government initiatives to encourage the use of electric bikes acts as one of the major factor driving the growth of electric bike (E-Bike) market. These bikes are being considered an eco-friendly and efficient solution for commute.

  • Consumer Inclination Towards Electric Bikes

The rise in consumer inclination towards electric or e-bikes accelerate the market growth. These bikes are widely adopted as they are smaller in size, provide health benefits and offers higher speed with lesser effort.

  • Tourism Sector

The expansion of tourism sector in the region further influence the market. The rise in number of tourists and congestion caused by the number escalate the demand for electric bikes.

Additionally, surge in investments, expansion of the automotive sector and increased disposable income positively affect the electric bike (E-Bike) market.

Opportunities

Furthermore, development of lightweight electrical energy storage systems extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, trend towards connected e-bikes will further escalate the growth of electric bike (E-Bike) market.

Restraints/Challenges faced by the Europe Electric Bike (E-Bike) Market

On the other hand, international trade policies and regulations and government regulations and lack of infrastructure are expected to obstruct market growth. Also, technology challenges and high cost of e-bikes are projected to challenge the electric bike (E-Bike) market in the forecast period of 2022-2029.

This electric bike (E-Bike) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electric bike (E-Bike) market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.

COVID-19 had a Major Impact on Europe Electric Bike (E-Bike) Market

COVID-19 impacted electric bike (E-Bike) market positively impacted as commuters were mostly avoiding public transportation. E-bikes are being deployed as a convenient, affordable and safe alternative to public transportation. Bikes were adopted as mode of day-to-day transportation due to the government restrictions on public transport, and social-distancing guidelines. The sales were slow in the initial pandemic stage, but the growth is expected to grow in the post-pandemic due to the easing on the restrictions.

Recent Developments

Cannondale launched the Adventure Neo range of commuter e-bikes in March’2021. The line features four different models, all of which feature a step-through design, a Bosch drive system with a battery and an alloy frame.

Global Europe Electric Bike (E-Bike) Market Scope

The electric bike (E-Bike) market is segmented on the basis of battery type, hub motor location, mode, battery power, class and usage. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Battery Type

  • Lithium-Ion
  • Lithium-Ion Polymer
  • Nickel Metal Hydride
  • Lead Acid
  • Sealed Lead Acid
  • Others

On the basis of battery type, the Europe electric bike (E-Bike) market is segmented into lithium-ion, lithium-ion polymer, nickel metal hydride, lead acid, sealed lead acid and others. Battery type segment is dominated by lithium lithium-ion considering its low maintenance and longer life; however, lithium lithium-ion polymer battery is growing at higher rate since it is an advanced version of lithium lithium-ion batteries with better durability.

Hub Motor Location

  • Mid Drive Hub Motor
  • Rear Hub Motor
  • Front Hub Motor

On the basis of hub motor location, the Europe electric bike (E-Bike) market is segmented into mid drive hub motor, rear hub motor and front hub motor. Mid drive hub motor dominates hub motor location segment due to its maximum suitability design for pedelec Electric Bike (E-Bike) and pedal assisted e-bikes which are majorly purchased worldwide.

Mode

  • Pedal Assist
  • Throttle

On the basis of mode, the Europe electric bike (E-Bike) market is segmented into pedal assist and throttle. Pedal assist holds largest market share in mode segment is are majorly used by consumers as it gives features of cycling as well electric assistance for farther cruise.

Battery Power

  • Under 750 W
  • Over 750 W

On the basis of battery power, the Europe electric bike (E-Bike) market is segmented into under 750 W and over 750 W. Under 750 W battery power dominates battery power segment and is expected to grow at higher rate as under 750 W batteries are better suited for electric bike (E-Bike) manufacturing and give sufficient energy.

Class

  • Class I (Pedal Assist/Pedelec)
  • Class II (Throttle)
  • Class III (Speed Pedelec)

On the basis of class, the Europe electric bike (E-Bike) market is segmented into class I (pedal assist/pedelec), class II (throttle) and class III (speed pedelec). Class I (pedal assist/pedelec) segment dominates the class segment collaterally with pedal assist mode, given these type of e e-bikes are widely favored by health conscious people over full throttle e-bikes.  

Usage

  • City/Urban
  • Cruise
  • Mountain/Trekking Bikes
  • Racing, Cargo
  • Others

On the basis of usage, the Europe electric bike (E-Bike) market is segmented into city/urban, cruise, mountain/trekking bikes, racing, cargo and others. Most of the commuters use e-bikes for shorter distances such as in urban areas for office or workplace commutation which results in city/urban registers highest growth in the segment.

Competitive Landscape and Europe Electric Bike (E-Bike) Market Share Analysis

The electric bike (E-Bike) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electric bike (E-Bike) market.

Some of the major players operating in the electric bike (E-Bike) market are

  • Accell Group (Netherlands)
  • Derby Cycle (Germany)
  • JIANGSU XINRI E-VEHICLE CO.,LTD. (China)
  • Karbon Kinetics Ltd (UK)
  • ITALJET SPA (Italy)
  • Riese & Müller GmbH (Germany)
  • M1-Sporttechnik (Germany)
  • F.I.V. E. Bianchi S.p.A. (Italy)
  • Kawasaki Motors Corp., U.S.A. (US)
  • WUXI YADEA EXPORT-IMPORT CO.,LTD. (China)
  • Giant Bicycles (Taiwan)
  • Trek Bicycle Corporation (US)
  • myStromer AG (Switzerland)
  • Specialized Bicycle Components, Inc.(US)


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Frequently Asked Questions

Europe Electric Bike (E-Bike) Market is expected to USD 6962.73 million by 2029.
Europe Electric Bike (E-Bike) Market is Expected to Witness CAGR of 9.70% During the Forecast Period of 2022 to 2029.
The Major Players Operating in the Electric Bike (E-Bike) Market are Accell Group (Netherlands), Derby Cycle (Germany), JIANGSU XINRI E-VEHICLE CO.,LTD. (China), Karbon Kinetics Ltd (UK), ITALJET SPA (Italy), Riese & Müller GmbH (Germany), M1-Sporttechnik (Germany), F.I.V. E. Bianchi S.p.A. (Italy), Kawasaki Motors Corp., U.S.A. (US), WUXI YADEA EXPORT-IMPORT CO.,LTD. (China), among others.
The Countries Covered in the Electric Bike (E-Bike) Market Report U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.
The Europe Electric Bike (E-Bike) Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.