Report : Europe E-Bike Market Forecast to 2030 - Regional Analysis - by Battery Type (Lithium-Ion, Lithium-Ion Polymer, Lead Acid, and Nickel Metal Hydride), Motor Type (Hub Motor and Mid Motor), Class (Class-I, Class-II, and Class-III), and Mode (Pedal Assist Mode and Throttle Mode)

At 16.9% CAGR, the Europe E-Bike Market is Speculated to be Worth US$ 47,521.18 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Europe e-bike market was valued at US$ 13,616.27 million in 2022 and is expected to reach US$ 47,521.18 million by 2030, registering a CAGR of 16.9% from 2022 to 2030. Rising adoption of connected e-bikes among business and government sectors and growth of outdoor sports and adventurous activities are among the critical factors attributed to the Europe e-bike market expansion.

The connected e-bike is gaining popularity across the world owing to growing urbanization and rising traffic congestion issues. The urban population uses e-bikes to avoid the traffic congestion problems. Also, rising urbanization and increasing government spending on cycling tracks and e-bike connection infrastructure would offer opportunities for the global e-bike market in the coming years. According to the U.N. Organizations, around 55.0% of the global population lives in urban areas, and it is projected to reach 68% by 2050. Transportation systems are not built to cope with the future demand of rising congestion and pollution. To tackle such problems, the key players are launching connected e-bikes with built-in scanners to pay and lock. This electric bike is available and can be charged based on the time and distance traveled by the users. Several business entities and key players are adopting multiple strategies such as partnerships and collaborations to provide connected e-bikes for traveling short distances to avoid traffic congestion.

In June 2022, Mastercard and Freebike, e-bike and bike-sharing platforms, partnered to launch the first tap-and-ride e-bikes in Helsinki, Finland. The company planned to launch 1,100 e-bikes, which work with any bank card and can be accessed on the city's streets. Also, in June, 2020, Bolt, a ride-hailing firm, launched an e-bike sharing service in Paris, France. The company further planned to expand to more European countries. The service aimed to contribute to the company's Green Plan. This adoption of e-bikes helps offset CO2 emissions in the European transportation sector. The adoption is expected to eliminate 5 million tonnes of CO2 by 2025. Further, in July 2023, Hero Electric partnered with Maxwell Energy Systems to offer battery management systems to more than 1 million units for the next three years.

Such, rising adoption and development of the e-bike models and e-bike sharing platforms among the individuals around the globe is expected to create ample opportunity for the market growth. Several companies are launching the e-bike sharing platforms to avoid the traffic congestion problems around the globe which is expected to create tremendous opportunity in upcoming future.

On the contrary, high cost of e-bikes and requirement of huge capital investments in their manufacturing hampers the growth Europe e-bike market.

Based on battery type, the Europe e-bike market is segmented into lithium-ion, lithium-ion polymer, lead acid, and nickel metal hydride. The lithium-ion segment held 66.6% share of the Europe e-bike market in 2022, amassing US$ 9,073.88 million. It is projected to garner US$ 33,074.74 million by 2030 to expand at 17.5% CAGR during 2022-2030.

In terms of motor type, the Europe e-bike market is bifurcated into mid motor and hub motor. The mid motor segment held 76.4% share of the Europe e-bike market in 2022, amassing US$ 10,400.11 million. It is projected to garner US$ 36,638.83 million by 2030 to expand at 17.0% CAGR during 2022-2030.

Based on class, the Europe e-bike market is segmented into class-I, class-II, and class-III. The class-I segment held 43.6% share of the Europe e-bike market in 2022, amassing US$ 5,933.97 million. It is projected to garner US$ 21,337.01 million by 2030 to expand at 17.3% CAGR during 2022-2030.

By mode, the Europe e-bike market is bifurcated into pedal assist mode and throttle mode. The pedal assist mode segment held 69.0% share of Europe e-bike market in 2022, amassing US$ 9,392.50 million. It is projected to garner US$ 33,692.52 million by 2030 to expand at 17.3% CAGR during 2022-2030.

Based on country, the Europe e-bike market is categorized into Germany, the UK, France, Italy, the Netherlands, and the Rest of Europe. Germany held 38.1% share of Europe e-bike market in 2022, amassing US$ 5,185.08 million. It is projected to garner US$ 16,917.54 million by 2030 to expand at 15.9% CAGR during 2022-2030.

Key players operating in the Europe e-bike market are Haibike, Aventon Bikes, Giant Manufacturing Co Ltd, Merida Industry Co Ltd, Pedego Electric Bikes, Robert Bosch GmbH, Specialized Bicycle Components Inc, Shimano Inc, Trek Bicycle Corp, and Yamaha Motor Co Ltd, among others.

  • In 2023, Yamaha Bicycles launched a new e-commerce platform for selling its e-bikes online in partnership with its area network of dealers. E-bike models can be purchased online from their nearest Yamaha Bicycle dealers.

  • In 2023, Bosch eBike Systems launched Performance Line SX lightweight drive unit for the e-bikes to expand the smart system portfolio.




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