Latest News- E-bike Market in Benelux: Lithium-ion battery is expected to lead the Technology segment during 2023-2027

The E-bike Market in Benelux is being driven by Declining cost of Li-ion Batteries

The E-bike Market in Benelux is expected to grow at a CAGR of 16% during 2022 and 2027. During this period, the market is also expected to show a growth of 887,810 units. The surge in popularity of ride-sharing, ride-hailing, and vehicle rental services has significantly boosted the adoption of connected vehicles, including e-bikes. Connected e-bikes, a burgeoning segment in the e-bike market, enable real-time location tracking for both service providers and users. This feature facilitates efficient fleet management and enhances user convenience. Connected e-bikes also allow providers to monitor battery status, ensuring timely maintenance and optimal performance. Yamaha Motor Europe SA, for instance, offers e-bikes equipped with an integrated speed sensor, delivering a natural power assist and unparalleled riding experience. The integration of connectivity in e-bikes is transforming the bike-sharing business model, making it a pivotal component of urban mobility solutions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Technology
  • Lithium-ion battery
  • Sealed lead acid battery
• Geography
  • Benelux

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Declining cost of Li-ion Batteries
• Health and environmental benefits associated with use of e-bikes
• Presence of government initiatives and availability of subsidies

However, the market also witnesses some limitations, which are as follows:

• Lack of adequate infrastructure
• Need for mandatory registration
• High cost of e-bike drive units

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Market Scope in E-bike Market in Benelux Research Report

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Research Analysis Overview

The E-bike market in Benelux is thriving, with technologically advanced options catering to various demographics, including families, seniors, and the disabled. Maintenance is minimal, and legislation supports their use for commuting, travel, and recreation. Reviews praise brands for safety, fitness, and fun. Off-road adventures, mountain biking, and cargo transport are popular. Lithium-ion batteries offer long ranges for sustainable transportation, while lead-acid batteries are suitable for short distances. Urban city bikes and mountain trekking models cater to different needs. Accessories include insurance, delivery, and weight loss aids. Safety laws ensure a secure riding experience, making E-bikes an ideal solution for long distances, hills, and environmentally-conscious commuting.

Market Research Overview

The e-bike market in Benelux is a significant segment of the global leisure products industry, which falls under the household durables market. This market encompasses various categories, such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-focused games. According to Technavio, the global household durables market's growth is attributed to the rising memberships in health and fitness clubs, increasing disposable income, and the growing trend towards eco-friendly transportation. Specifically, the e-bike sector includes trekking, urban, connected, cargo, and eMTBs, all of which utilize lithium-ion batteries and offer lightweight designs for enhanced user experience.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/