The Europe E-bike Market is expected to grow at a steady rate of around 11% in the forecast period. An electric bike or e-bike is a bicycle assisted with an electric motor to assist while pedaling. The motor will get its power from a rechargeable battery mounted on the bike. Moreover, electric bike systems offer several modes to choose from, allowing you to balance the amount of power supplied through the pedals with range and battery life. Factors such as pollution-free modes of transportation, increased muscle strength & flexibility and decreased body fat levels, are driving the growth of the market. In addition, an increasing number of startups in this field and the expansion of their presence in the European region are also some of the prominent factors contributing to the growth of the Europe e-bike market. For instance, in 2022, Electric bike startup EMotorad said on Monday it is expanding its presence to Europe and will target five countries in the region.
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Based on propulsion type, the market is segmented into pedal-assisted and throttle assisted. The pedal-assisted segment is to witness lucrative growth in the forecast period. The pedal-assisted bike gives the features of cycling as well as electric assistance for farther cruising. Further, riding a pedal assist e-Bike is a great form of cardiovascular fitness, reducing stress on joints, and allowing the rider to effortlessly ride along at the desired speed which is driving the growth of the segment.
On the basis of application, the market is categorized into urban, tracking, cargo and others. Among these, cargo to hold a significant share of the market in 2020 as compared to motorized automobiles and vans, cargo bikes provide many advantages, including low- or no-CO2 transportation. They are also less expensive to buy and maintain. Moreover, they require less space, have fewer access limitations, can handle narrow roads, avoid congestion and can also service pedestrian zones which in turn is driving the market of the segment.
For a better understanding of the market adoption of the Europe e-bike market industry, the market is analyzed based on its presence in European countries such as Germany, U.K., France, Spain, Italy, the Netherlands, and the Rest of Europe. Germany is anticipated to grow at a substantial CAGR during the forecast period. Due to rising environmental awareness, there is a growing preference for electric bikes such as e-MTBs, which is accelerating market growth in the country. Further, Germany is one of the biggest producers and exporters of e-bikes. As a result, the country’s large manufacturing of e-mobility solutions and the presence of key corporations are fueling the market in Germany.
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Some of the major players operating in the market include Accell Group N.V., BMZ GmbH, Brose Fahrzeugteile GmbH & Co. KG, Derby Cycle AG, Tianjin Fuji-ta Group, Giant Manufacturing Co Ltd, Tianjin Golden Wheel Bicycle Group Co. Ltd, Hero Electric, Jiangsu Xinri E-vehicle Co. Ltd., and Powabyke UK Ltd.
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Europe E-bike Market Segmentation
Market Insight, by Propulsion
- Pedal-assisted
- Throttle-assisted
Market Insight, by Application
- Urban
- Tracking
- Cargo
- Others
Market Insight, by Battery
- Lead Acid
• Lithium Ion
• Others
Market Insight, by Motor
- Hub Motor
- Mid Motor
Market Insight, by Countries
- Germany
- United Kingdom
- France
- Italy
- Spain
- The Netherlands
- Rest of Europe
Top Company Profiles
- Accell Group N.V.
- BMZ GmbH
- Brose Fahrzeugteile GmbH & Co. KG
- Derby Cycle AG
- Tianjin Fuji-ta Group
- Giant Manufacturing Co Ltd
- Tianjin Golden Wheel Bicycle Group Co. Ltd
- Hero Electric
- Jiangsu Xinri E-vehicle Co. Ltd.
- Powabyke UK Ltd