The e-bike market share in Europe is expected to grow by 6.65 million units, decelerating at a CAGR of 20% during the forecast period. The increasing concern for health and the environment among consumers will offer immense growth opportunities to market vendors. The e-bike market in Europe is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “E-bike Market in Europe Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The e-bike market in Europe is segmented by technology (lithium-ion battery and sealed lead acid battery), product (pedelecs and S-pedelecs), geography (Germany, the Netherlands, France, and the Rest of Europe), platform (urban e-bikes, trekking e-bikes, eMTBs, cargo e-bikes, and others).
The growth of the e-bike market size in Europe in the Li-ion batteries segment will be significant during the forecast period. Li-ion batteries are the most preferred choice among various energy storage systems because of their high-energy density and long cycle time.
The increasing concern for health and the environment among consumers will directly influence the sales of e-bikes in Europe. In addition, the health benefits associated with e-bikes are the major e-bike market trends in Europe that will positively impact the market growth. However, factors such as the higher cost of e-bikes compared to conventional bicycles will hamper the e-bike market growth in Europe.
The market is fragmented due to the presence of several players. Some of the major e-bike market vendors in Europe are Accell Group NV, BH BIKES EUROPE SL, Derby Cycle Holding GmbH, Georg Fritzmeier GmbH & Co. KG, Giant Manufacturing Co. Ltd., Klever Mobility Europe GmbH, LEADER Ltd., Riese & Müller GmbH, Yamaha Motor Co. Ltd., Zhejiang Luyuan Electric Vehicle Co. Ltd.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Also, know more about the exclusive E-bike Market Share in Benelux and get more insights into exact growth variance and the Y-O-Y growth rate
Precise market size estimation during the forecast period 2021-2025.
CAGR of the e-bike market in Europe forecast during 2021-2025.
Market-level data on units, average selling prices, and values of the e-bike market in Europe share.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the e-bike market in Europe.
E-bike industry growth across Germany, the Netherlands, France, and the Rest of Europe.
