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Saturday, May 21, 2022

Europe E-Bike Market to be Driven by Government Support and Initiatives in the Forecast Period of 2022-2027 

The new report by Expert Market Research titled, ‘Europe E-Bike Market Report and Forecast 2022-2027’, gives an in-depth analysis of the Europe e-bike market, assessing the market based on its segments like type, drive units, battery, applications, and major countries. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): USD 9.06 Billion
  • Forecast CAGR (2022-2027): 10%
  • Forecast Market Size (2027): USD 18.96 Billion

Commuters want alternatives to crowded public transportation that are environmentally friendly, healthy, and virus-free. Electric bikes have become more popular as a result of this. To limit the spread of coronavirus, government in Europe is urging residents to ride e-bikes instead of taking crowded public transportation. Electric bike manufacturers are seizing this chance to increase their marketing efforts and establish revenue streams. Because of the growing awareness of climate change, governments are expected to invest in large-scale cycling infrastructure in the near future, increasing the expansion of e-bikes. A rise in air pollution levels, owing to a large number of IC-engine vehicles on the road, have compelled governments and international organisations worldwide to enact stringent emission norms to curb carbon emission levels. This is likely to provide a lucrative opportunity for major players in the European electric bike market. During the COVID-19 outbreaks in 2020, consumers keen on avoiding crowded marketplaces had shown an inclination toward e-bikes for micro-mobility.

Industry Definition and Major Segments

An electric bike is a bicycle with an integrated electric motor drive mechanism and battery, which produces power for causing or assisting propulsion. Various kinds of globally available e-bikes range from electric bikes with a small motor to assist the pedal-power of the rider to more powerful e-bikes that produce power to drive the bike using throttle completely.

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By type, the market includes:

  • Pedal Assisted
  • Throttle Assisted

Based on drive units, the market is divided into:

  • Mid-Drive Motors
  • Hub Motors

On the basis of battery, the market is classified into:

  • Lead Acid
  • Lithium Ion

The major applications of the industry are:

  • Urban
  • Tracking
  • Cargo
  • Others

On the basis of region, the industry is divided into:

  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Others

Market Trends

The scarcity of crude oil resources, owing to the rapid depletion of fossil fuel reserves, has raised concerns about future generations' sustainability. Electric bikes that run on both human and electric power are proven to be an excellent solution to this problem, propelling the electric bike market forward. The development of specialised cycling infrastructure in various nations, along with the rising number of convenience features in e-bikes, such as electric assistance system algorithms, are projected to boost sales in the electric bike market. To increase the commercial potential of e-bikes, many two-wheeler manufacturers are incorporating new battery technologies. The growing research and development on graphene lithium nanotechnology in e-bike batteries will stridently boost the popularity of e-bikes. Furthermore, advancements in electric assistance systems will spur prospects of e-bikes in zero-emission mobility, thereby unlocking new revenue streams in the near future. The increasing integration of e-bikes with advanced drivetrains, notably braking systems, is likely to improve the durability, safety, and convenience for consumers, thereby helping manufacturers meet next-gen automotive standards.

Key Market Players

The major players in the market are Accell Group, Riese & Müller GmbH, Derby Cycle, Powabyke UK Ltd, and QWIC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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