Europe E-Bike Market Forecast to 2030
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)
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Description
Government Support to Lower Carbon Emissions Transportation Fuels the Europe E-Bike Market
Governments of countries established various incentive programs to promote e-bike and electric vehicle sales to reduce carbon footprints.
Governments of several European countries offer incentive schemes to promote the use of e-bikes. The European Cyclists’ Federation (ECF) offers various subsidies based on the type of e-bike purchased by target groups, including businesses, individuals, and public entities. In France, as of August 2022, residents with an annual income of US$ 14,592.40 or less receive US$ 325 discounts on purchasing e-bikes. Also, residents with an annual income of US$ 6,800 or less and those with proof of disability may receive a discount of up to US$ 435.
Such, rising government incentives and subsidies for the adoption of the e-bikes and to decarbonize the environment globally is driving the market growth.
Europe E-Bike Market Overview
Growing urbanization, rising investments in cycling track development, and increasing consumer awareness regarding environmentally friendly transportation drive the e-bike market growth. Governments of several countries announce ample investments and subsidies for the adoption of e-bikes.
Europe is the second largest region for the e-bike market owing to development of cycling tracks, growing consumer awareness regarding benefits of eco-friendly bikes, and rising consumer spending on recreational activities. Germany holds the largest share in the European market due to growing consumer spending on e-bike activities. Every day, millions of people in Europe participate in cycling, with the number of bicycles sold in the European Union in 2021 reaching around 22 million, whereas e-bicycle sales reached 5 million in the same year. Also, the German federal government planned to invest around US$ 1,063.8 million in cycling as part of the national climate protection program.
Europe E-Bike Market Revenue and Forecast to 2030 (US$ Million)
Europe E-Bike Market Segmentation
The Europe e-bike market is segmented based on battery type, motor type, class, mode, and country.
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 the largest Europe e-bike market share in 2022.
In terms of motor type, the Europe e-bike market is bifurcated into mid motor and hub motor. The mid motor segment held a larger Europe e-bike market share in 2022.
Based on class, the Europe e-bike market is segmented into class-I, class-II, and class-III. The class-I segment held the largest Europe e-bike market share in 2022.
By mode, the Europe e-bike market is bifurcated into pedal assist mode and throttle mode. The pedal assist mode segment held a larger Europe e-bike market share in 2022.
Based on country, the Europe e-bike market is categorized into Germany, the UK, France, Italy, the Netherlands, and the Rest of Europe. Germany dominated the Europe e-bike market in 2022.
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 are some of the leading companies operating in the Europe e-bike market.
Summary Info
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According to the Research Team’ 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.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe e-bike market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the e-bike market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe E-Bike Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of E-Bike Suppliers
5. Europe E-Bike Market – Key Industry Dynamics
5.1 Europe E-Bike Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growth of Outdoor Sports and Adventurous Activities
5.2.2 Government Support to Lower Carbon Emissions Transportation
5.2.3 Increasing Prices of Fuel and Rising Adoption of Environment-Friendly Transportation
5.3 Market Restraints
5.3.1 High Cost of E-Bikes and Requirement of Huge Capital Investments in Their Manufacturing
5.4 Market Opportunities
5.4.1 Rising Adoption of Connected E-Bikes Among Business and Government Sectors
5.5 Future Trends
5.5.1 Development of E-Bikes Using Lightweight Material and Advanced Smart Systems
5.6 Impact of Drivers and Restraints:
6. E-Bike Market – Europe Market Analysis
6.1 Europe E-Bike Market Revenue (US$ Million), 2022 – 2030
6.2 Europe E-Bike Market Forecast and Analysis
7. Europe E-Bike Market Analysis – Battery Type
7.1 Lithium-Ion
7.1.1 Overview
7.1.2 Lithium-Ion : Europe E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Lithium-Ion Polymer
7.2.1 Overview
7.2.2 Lithium-Ion Polymer: Europe E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Lead Acid
7.3.1 Overview
7.3.2 Lead Acid: Europe E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Nickel Metal Hydride
7.4.1 Overview
7.4.2 Nickel Metal Hydride: Europe E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe E-Bike Market Analysis – Motor Type
8.1 Mid Motor
8.1.1 Overview
8.1.2 Mid Motor: Europe E-Bike Market, Revenue, and Forecast to 2030 (US$ Million)
8.2 Hub Motor
8.2.1 Overview
8.2.2 Hub Motor: Europe E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
9. Europe E-Bike Market Analysis – By Class
9.1 Class I
9.1.1 Overview
9.1.2 Class I: Europe E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Class II
9.2.1 Overview
9.2.2 Class II: Europe E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Class III
9.3.1 Overview
9.3.2 Class III: Europe E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
10. Europe E-Bike Market Analysis – Mode
10.1 Pedal Assisted Mode
10.1.1 Overview
10.1.2 Pedal Assisted Mode: Europe E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Throttle Mode
10.2.1 Overview
10.2.2 Throttle Mode: Europe E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
11. Europe E-Bike Market – Country Analysis
11.1 Europe
11.1.1 Europe E-Bike Market Overview
11.1.2 Europe E-Bike Market Revenue and Forecasts and Analysis – By Country
11.1.2.1 Europe E-Bike Market Revenue and Forecasts and Analysis – By Country
11.1.2.2 Germany E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.2.1 Germany E-Bike Market Breakdown by Battery Type
11.1.2.2.2 Germany E-Bike Market Breakdown by Motor Type
11.1.2.2.3 Germany E-Bike Market Breakdown by Class
11.1.2.2.4 Germany E-Bike Market Breakdown by Mode
11.1.2.3 France E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.3.1 France E-Bike Market Breakdown by Battery Type
11.1.2.3.2 France E-Bike Market Breakdown by Motor Type
11.1.2.3.3 France E-Bike Market Breakdown by Class
11.1.2.3.4 France E-Bike Market Breakdown by Mode
11.1.2.4 Italy E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.4.1 Italy E-Bike Market Breakdown by Battery Type
11.1.2.4.2 Italy E-Bike Market Breakdown by Motor Type
11.1.2.4.3 Italy E-Bike Market Breakdown by Class
11.1.2.4.4 Italy E-Bike Market Breakdown by Mode
11.1.2.5 UK E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.5.1 UK E-Bike Market Breakdown by Battery Type
11.1.2.5.2 UK E-Bike Market Breakdown by Motor Type
11.1.2.5.3 UK E-Bike Market Breakdown by Class
11.1.2.5.4 UK E-Bike Market Breakdown by Mode
11.1.2.6 Netherland E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.6.1 Netherland E-Bike Market Breakdown by Battery Type
11.1.2.6.2 Netherland E-Bike Market Breakdown by Motor Type
11.1.2.6.3 Netherland E-Bike Market Breakdown by Class
11.1.2.6.4 Netherland E-Bike Market Breakdown by Mode
11.1.2.7 Rest of Europe E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.7.1 Rest of Europe E-Bike Market Breakdown by Battery Type
11.1.2.7.2 Rest of Europe E-Bike Market Breakdown by Motor Type
11.1.2.7.3 Rest of Europe E-Bike Market Breakdown by Class
11.1.2.7.4 Rest of Europe E-Bike Market Breakdown by Mode
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Haibike
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Aventon Bikes
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Giant Manufacturing Co Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Merida Industry Co., Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Pedego Electric Bikes
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Robert Bosch GmbH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Specialized Bicycle Components, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Shimano Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Trek Bicycle Corp
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Yamaha Motor Co Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Research Team
14.2 Word Index
LIST OF TABLES
Table 1. Europe E-Bike Market Segmentation
Table 2. List of Vendors in the Value Chain
Table 3. Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Million) – Battery Type
Table 5. Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Million) – Motor Type
Table 6. Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Million) – Class
Table 7. Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Million) – Mode
Table 8. Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 9. Germany E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Battery Type
Table 10. Germany E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Motor Type
Table 11. Germany E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Class
Table 12. Germany E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Mode
Table 13. France E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Battery Type
Table 14. France E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Motor Type
Table 15. France E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Class
Table 16. France E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Mode
Table 17. Italy E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Battery Type
Table 18. Italy E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Motor Type
Table 19. Italy E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Class
Table 20. Italy E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Mode
Table 21. UK E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Battery Type
Table 22. UK E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Motor Type
Table 23. UK E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Class
Table 24. UK E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Mode
Table 25. Netherland E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Battery Type
Table 26. Netherland E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Motor Type
Table 27. Netherland E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Class
Table 28. Netherland E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Mode
Table 29. Rest of Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Battery Type
Table 30. Rest of Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Motor Type
Table 31. Rest of Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Class
Table 32. Rest of Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Mode
Table 33. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe E-Bike Market Segmentation, By Country
Figure 2. Ecosystem: E-Bike Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Europe E-Bike Market Revenue (US$ Million), 2022 – 2030
Figure 5. Europe E-Bike Market Share (%) – Battery Type, 2022 and 2030
Figure 6. Lithium-Ion: Europe E-Bike Market, Revenue and Forecasts To 2030 (US$ Million)
Figure 7. Lithium-Ion Polymer: Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Lead Acid: Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Nickel Metal Hydride: Europe E-Bike Market, Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Europe E-Bike Market Share (%) – Motor Type, 2022 and 2030
Figure 11. Mid Motor: Europe E-Bike Market, Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Hub Motor: Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Europe E-Bike Market Share (%) – Class, 2022 and 2030
Figure 14. Class I: Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Class II: Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Class III: Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Europe E-Bike Market Share (%) – Mode, 2022 and 2030
Figure 18. Pedal Assisted Mode: Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Throttle Mode: Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Europe E-Bike Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 21. Germany E-Bike Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. France E-Bike Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. Italy E-Bike Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. UK E-Bike Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. Netherland E-Bike Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. Rest of Europe E-Bike Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – Europe E-Bike Market
1. Aventon Bikes
2. Giant Manufacturing Co Ltd
3. Haibike
4. Merida Industry Co., Ltd.
5. Pedego Electric Bikes
6. Robert Bosch GmbH
7. Shimano Inc
8. Specialized Bicycle Components, Inc.
9. Trek Bicycle Corp
10. Yamaha Motor Co Ltd
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