Europe Electric Bike (E-Bike) Market – Industry Trends and Forecast to 2030

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 2030.

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

Consumers are considering electronic bikes as an ideal substitute for smart cars, public transport and scooters in the recent years. These bikes are highly beneficial in tackling traffic congestion as these bikes are smaller in size and attain higher speed. Overall, the combination of environmental concerns, infrastructure development, health benefits, urban challenges, government incentives, and technological advancements has fuelled the growth of the Europe electric bike (E-Bike) market. As more individuals recognize the advantages of electric bikes, their popularity is expected to continue to rise.

Data Bridge Market Research analyses that the Europe electric bike (E-Bike) market which was USD 4,236.84 million in 2022, is expected to reach USD 8,145.73 million by 2030, and is expected to undergo a CAGR of 8.5% during the forecast period of 2023 to 2030. “Lithium-Ion” dominates the battery type segment of the Europe electric bike (E-Bike) market, owing to the high demand of this type of batteries in the market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, 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 Scope and Segmentation

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.

Europe Electric Bike (E-Bike) Market Dynamics

Drivers

• The Rise in the 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 Europe 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.

• The Expansion of 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. In addition, surge in investments, expansion of the automotive sector and increased disposable income positively affect the Europe electric bike (E-Bike) market.

Opportunities

• Rising Environmental Concerns

Europe has been at the forefront of promoting sustainable transportation and reducing carbon emissions. Electric bikes offer a greener alternative to conventional vehicles, as they produce zero tailpipe emissions. This aligns with the European Union's efforts to combat climate change and improve air quality in urban areas.

• Increasing Infrastructure Development

European cities have been investing in cycling infrastructure, such as dedicated bike lanes, bike-sharing programs, and bike-friendly policies. This infrastructure development, coupled with the growing popularity of electric bikes, has made cycling a more convenient and accessible mode of transportation for Europeans.

Restraints/Challenges

• Rising Competition in the Market

The Europe electric bike (E-Bike) market is highly competitive, with numerous companies offering a wide range of products. This can make it challenging for new entrants or smaller companies to gain market share and establish a strong presence.

• High Cost Associated with Implementation

The cost of electric bike (E-Bike) systems is very high in the market. Automotive systems and payers face cost pressures, and there is a growing demand for cost-effective solutions. Manufacturers need to balance the development of innovative implants with affordability to meet market demands.

This Europe electric bike (E-Bike) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 Europe 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.

Recent Development

• In March 2021, Cannondale launched the Adventure Neo range of commuter e-bikes. 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

Europe Electric Bike (E-Bike) Market Scope

The Europe 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 analyse 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

Hub Motor Location

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

Mode

• Pedal Assist
• Throttle

Battery Power

• Under 750 W
• Over 750 W

Class

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

Usage

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

Europe Electric Bike (E-Bike) Market Regional Analysis/Insights

The Europe electric bike (E-Bike) market is analysed and market size insights and trends are provided by country, battery type, hub motor location, mode, battery power, class and usage as referenced above.

The countries covered in the Europe electric bike (E-Bike) market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and Rest of Europe in Europe

Germany dominates the Europe electric bike (E-Bike) market because of the strong base of automotive facilities, strong presence of major players in the market.

U.K. is the fastest growing country in the Europe electric bike (E-Bike) market during the forecasted year of 2023 to 2030 as it has wide demand of E-bikes in the market.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

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

The Europe 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 Europe electric bike (E-Bike) market.

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

• Accell Group (Netherlands)
• Derby Cycle (Germany)
• JIANGSU XINRI E-VEHICLE CO.,LTD. (China)
• Karbon Kinetics Ltd (U.K.)
• 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. (U.S.)
• WUXI YADEA EXPORT-IMPORT CO.,LTD. (China)
• Giant Bicycles (Taiwan)
• Trek Bicycle Corporation (U.S.)
• myStromer AG (Switzerland)
• Specialized Bicycle Components, Inc. (U.S.)