According to IMARC Group’s latest report, titled “Europe E-Bike Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” Offers a comprehensive analysis of the industry, which comprises insights on Europe e-bike market.
The Europe e-bike market size reached US$ 4,866 Million in 2021. E-bike, also referred to as electric bike, are bicycles equipped with electric motors and batteries for propulsion. They can be categorized into several types in terms of mode and motor types, such as throttle, mid-drive hub motor, pedal assist, etc. E-bike models are highly energy-efficient and cost-effective and prove to be an emission-free commuting option as compared to fuel-powered motorcycles and cars. They even enhance physical health by decreasing body fat levels and improving muscle strength. As a result, e-bike variants are in extensive demand among consumers in Europe.
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The inflating fuel prices and the escalating concerns regarding air pollution are among the key factors driving the Europe e-bike market. In line with this, the elevating usage of these bikes by older adults for shopping and recreational purposes is acting as another significant growth-inducing factor. In addition to this, the increasing awareness among the masses about the advantages of using electronic bikes, including enhancing aerobic capacity, combating weight gain issues, reducing stress, etc., is also positively influencing the market across the region. Apart from this, the development of hydrogen-powered bikes by leading manufacturers and the launch of the smart E-Bike Monitoring System (SEMS) that can track physical fitness and provide real-time information on smartphones are further augmenting the regional market. Moreover, the expanding deployment of these bikes by drug stores and other emergency-related services on sub-urban lanes to deliver essential items over short distances as they help avoid traffic in some densely populated area is expected to propel the Europe e-bike market over the forecasted period. Looking forward, IMARC Group expects the market to reach US$ 7,637 Million by 2027, exhibiting a growth rate (CAGR) of 7.7% during 2022-2027.
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The report has segmented the market on the basis of mode, motor type, battery type, class, design, application and country.
Breakup by Mode:
- Pedal Assist
Breakup by Motor Type:
- Hub Motor
- Mid Drive
Breakup by Battery Type:
- Lead Acid
- Lithium Ion
- Nickel-Metal Hydride (NiMH)
Breakup by Class:
- Class I
- Class II
- Class III
Breakup by Design:
Breakup by Application:
- Mountain/Trekking Bikes
Breakup by Country:
- United Kingdom
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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