E-bikes are bicycles equipped with an electric motor that provides assistance as the rider pedals. They provide unique advantages like making hills easier to climb, allowing riders to travel longer distances, and reducing physical exertion especially for elderly or less fit individuals. Their adoption has grown rapidly as they provide an eco-friendly alternative to short-distance motorized transport within cities.
The global Europe E-bike Market is estimated to be valued at US$ 7740.27 Mn in 2023 and is expected to exhibit a CAGR of 10.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key drivers boosting the adoption of e-bikes in Europe is their growing popularity for daily commuting. E-bikes allow individuals to travel longer distances with less physical exertion compared to traditional bicycles. They enable riders to arrive at their destinations without becoming excessively sweaty or tired. This has made e-bikes very appealing for those commuting to work or school on a daily basis within cities. Their ridership has grown rapidly among commuters aiming to avoid traffic congestions while staying active. Substantial investments by governments to expand e-bike infrastructure including protected lanes and parking spaces have further encouraged their use for commuting purposes. This rising demand from daily commuters is expected to continue propelling the growth of Europe's e-bike market over the coming years.
Segment Analysis
The Europe e-bike market is dominated by the electric mountain bike segment which holds around 30% of the total market share. Electric mountain bikes are popular amongst adventure enthusiasts and off-road cyclists due to their durability and performance capabilities on tough terrains. The steep climbing ability and powerful motors of these electric bikes make them well-suited for hilly and off-road conditions.
Key Takeaways
The Global Europe E-Bike Market Demand is expected to witness high growth.
Regional analysis: The European e-bike market is dominated by Germany with over 30% share of the total market revenues. High cycling culture, favourable government policies promoting electric mobility, and presence of major e-bike manufacturers have aided the growth of the German e-bike market. Italy holds the second largest market share in Europe supported by growing popularity of e-bikes for commuting as well as recreation in hilly regions.
Key players operating in the Europe e-bike market are Intertek Group Plc, SGS SA, Cenergy International Services, L.L.C., UL International Gmbh, Mistras Group, James Fisher and Sons plc, Global Wind Service, Force Technology, Vestas, and Siemens Wind Power GmbH & Co.KG. The market is highly competitive with the top players focusing on new product development and geographic expansion to gain higher shares. Strategic partnerships and collaborations are also common in the industry to benefit from complementary technologies and strengths.
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Colorado school analysts found that after 20 non-exercise people e-trekked roughly forty mins 3 days per week, they progressed their cardiovascular wellbeing and glucose in only one month.
When I did a straight on assessment of driving with my move cruiser rather than a relaxation e-motorbike, I found that my overall exertion changed into tons decline and consumed about half as much energy at the bafang ebike kit.
