Europe E-bike Market 2022-2028

Europe E-bike Market 2022-2028

MARKET OUTLOOK

Triton’s market research report on the European e-bike market estimates that it would grow in revenue with CAGRs of 11.40% and 11.67% (by revenue and by volume) over the forecast duration from 2022 to 2028. Belgium, Italy, Germany, France, the United Kingdom, Spain, the Netherlands, and Rest of Europe together shape the market in this region.

The Netherlands is a key market for bikes, with astounding statistics of 17 million residents and 23 million bikes. Electric bikes are the most sold bicycle type in the nation, with nearly 40% of the market share. The Netherlands boasts of a well-developed infrastructure that enables e-bike use without the interference of heavy vehicular traffic.

France is witnessing an unprecedented increase in the demand for e-bikes. So much so, that both manufacturers, as well as retailers, are struggling to cater to this demand owing to their rapidly depleting inventory. Paris has developed bicycle lanes going up to 50 kilometers to tackle the increasing cycle traffic.

Moreover, the presence of e-mobility startups like Bolt is driving the market growth in the country. Factors such as the increasing traffic, rising focus on reducing exhaust emissions, and the rapidly rising popularity of e-cargo bikes & e-mountain bikes are some key factors driving the market growth in France. Besides, e-bike subsidies also play a vital role in augmenting the e-bike sales in the country.

COMPETITIVE OUTLOOK

The primary contenders in the e-bike market include Accell Group, Riese & Müller, NIU International, Vanmoof, LG Chem, Trek Bicycle Corporation, Brose Fahrzeugteile SE & Co KG, Yadea Group Holdings Ltd, Robert Bosch GmbH, Samsung SDI Co Ltd, Shimano Inc, and Golden Wheel Group.