Europe E-Bike Market Will Grow to $21.90 Billion by 2027 [New Data]

Europe acquired around 33.2% of the global e-bike market in 2019

Comprehensive analysis on E-Bikes Market2020 report offers market size, share, trends, growth rate, statistics, and revenue data at global, region and country level along with key market dynamics, drivers, restraints, opportunity, trends and impact analysis: ReportCrux Market Research.

Europe E-Bike Market Size

Europe E-Bike Market is estimated to grow from USD 11.94 Billion in 2019 to reach USD 21.90 Billion by 2027, at a CAGR of 7.9% during the forecast period from 2020-2027.

Growing consumer awareness amongst the people for ecofriendly vehicles, different government policies that are boosting the use of e-bikes in order to combat air pollution and climate change, rising disposable income and increasing health awareness amongst people are some of the factors driving the growth of the Europe e-bikes market.

E-Bike Market by Battery Type (Lead Acid, Lithium-Ion Polymer, Lithium-Ion, Nickel-Metal Hydride (NiMH) and Others); by Class (Class-I, Class-II, Class-III); by Motor (Hub Motor, Mid Motor); by Speed (Up to 25 KMPH, 25-45 KMPH); by Mode (Throttle Mode, Pedal Assist Mode); by Application (Cargo, City/Urban, Mountain/Trekking, Others and Public Sector) and by Region: Europe Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027

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COVID-19 Impact on e-Bike market:

Covid-19 pandemic has affected almost all the countries across the globe. Government has restricted public transport and has limited public gatherings. In such cases, e-bikes are considered as the safest, affordable and convenient option to commute in public. Also, e-bikes are much cheaper as compared to any other transportation as it does not require any huge investment or any supportive infrastructure. All these factors are expected to boost the e-bikes market till 2021. However, post Covid-19, the market is expected to return to the normal state.

The pandemic scenario did affect the e-bike market in a negative manner. All the e-bike sale was dampened during the first quarter of 2020, as all the shops were closed. But now that the lockdown has been lifted up, many of the countries like U.S., France, India, Japan, China have gradually increased the sales which has boosted the overall market for e-bikes globally.

The sale of e-bikes market is expected to increase exponentially after the COVID-19 pandemic in 2021. Considering the comeback of safer private and public transportation like cabs, buses or metros, the demand for e-bikes expected to grow at a moderate rate.

“Final Report will cover a detailed analysis regarding the impact of COVID-19 on this industry.”

Segmentation Analysis

Class-III segment of class type is projected to grow with the fastest CAGR of 8.9% of the global e-bike market during 2020 to 2027

Class-III segment is projected to grow at a fastest CAGR of the global e-bike market during the forecast period. Class-III e-bikes are pedal assisted electric bikes and have a high speed. It provides assistance only when the rider is pedaling and stops it when 28-mph speed is reached.

Due to its high speed, these bikes are expected to gradually replace the cars in various countries. Due to its high-power class than the other two classes, these e-bikes are restricted to run on certain bike paths and bike trails. Class-III e-bikes are currently allowed to run only on private properties, adjacent bike lanes and on the roads. These factors will lead to the high growth of Class-III e-bikes in the forecast period.

Mid motor segment of the global e-bike market is expected to grow at the fastest CAGR of 8.7% during 2020 to 2027

Mid motor segment offers various benefits when compared to the hub motor market, thus leading for the fastest growth rate. Mid motor has a nicer weight distribution wherein the motor is positioned at the bottom bracket of the bike in between the pedals. This ensures a central and low center of gravity and the riders don’t get a feeling of the additional weight.

This gives the e-bike having the mid motor a greater tracking stability and a higher efficiency. Majority of the North American and European e-bike manufacturers are now shifting to mid motors from hub motors due to the advantages it offers. Its seamless integration, lesser noise, light weight and smaller size makes the mid motor to grow with a faster pace in the forecast period.

Pedal assisted e-bikes segment of the e-bikes market to grow with a higher CAGR during the forecast period

Pedal assisted e-bikes are expected to grow gradually with a high CAGR during the forecast period of 2020 to 2027. Various developing as well as developed countries have started providing services with pedal assisted bikes replacing the two-wheeler ride sharing, thus making it a lot cheaper. Government in these countries is also taking initiatives and promoting for eco-friendly commute by proving the consumers with various tax benefits.

Pedal assist unlike the throttle mode is allowed on any paved surface. Also, pedal assist offers various options having plenty of power and range for most uses. People who are health conscious prefer pedal assisted e-bikes over the throttle ones, as the pedal assist e-bike replicates the natural pedaling movement that of the conventional bicycle and gives strong legs with lot more muscle power.

E-Bikes Companies

Some of the best Companies in E-Bikes Market analysis

  • Pon.Bike (US)
  • Trek Bicycle corporation (U.S.)
  • Pedego Electric Bikes (U.S.)
  • Bionx International Corporation (Canada)
  • Derby Cycle Holding Gmbh (Germany)
  • Robert Bosch GmbH (Germany)
  • Energica Motor Company (Italy)
  • Accell Group N.V. (Netherlands)
  • Mahindra & Mahindra ltd (India)
  • Merida Industry Co., Ltd. (China)
  • Yamaha Motor Corporation (Japan)
  • Panasonic Corporation (Japan)
  • Shimano Inc. (Japan)
  • Giant Manufacturing Co., Ltd. (Taiwan)
  • Others

Regional Analysis

Asia Pacific to be the largest e-bike market during the forecast period of 2020 to 2027

Asia Pacific acquired the largest share in 2019 and is expected to dominate the market in the forecast period. However, North America is projected to grow with the highest CAGR throughout the forecast period. Other regions like Latin America and MEA are also expected to show a significant rise in the near future due to the growing awareness of using the ecofriendly products.

In 2019, China dominated the over all market for e-bikes which was followed by India, Japan, Taiwan and South Korea. However, in 2020 the regulations imposed by Chinese government for the usage of e-bikes has led to a decreased sale of around 2%, thus increasing the overall hike in the e-bike prices. Conversely, these has been a positive growth in the e-bike sales of the other countries. India presented the highest percentage rise of 54% in 2020 as compared to 2019, followed by South Korea with a rise of 34%.

Europe acquired around 33.2% of the global e-bike market in 2019

European region is expected to be the second largest region in the global e-bike market. This region was dominated by the countries like Germany, which is later followed by France and Italy. Due to the stringent policies by government to follow social distancing and the public transport being reduced during the pandemic, these countries have started getting an inclination towards the e-bikes.

E-bikes are a preferred mode of mobility in the countries like Germany, Italy and France. Various innovative characteristics, stylish designs, fully integrated batteries and usage of high-quality materials are some of the factors responsible for attracting more customers towards the e-bikes. E-bikes are also considered affordable, convenient and the safest alternative to the increasing air pollution.

A sudden increase in the sales is observed in the European countries during the pandemic which is expected to help this region in maintaining its second highest position in the global market

E-Bikes Market Segmentation:

By Battery Type

  • Lead Acid
  • Lithium-Ion Polymer
  • Lithium-Ion
  • Nickel-Metal Hydride (NiMH)
  • Others

By Class

  • Class-I
  • Class-II
  • Class-III

By Motor

  • Hub Motor
  • Mid Motor

By Speed

  • Up to 25 KMPH
  • 25-45 KMPH

By Mode

  • Throttle Mode
  • Pedal Assist Mode

By Application

  • Cargo
  • City/Urban
  • Mountain/Trekking
  • Others

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Table of Contents

1. Preface
1.1. Market Introduction
1.2. Definitions

2. Research Methodology
2.1. Research Methodology
2.2. Research Models
2.3. Data Sources

3. Executive Summary and Snapshot

4. Price and Cost Trend Analysis
4.1. Price Trend Analysis

5. Market Growth Attractiveness Analysis

6. COVID-19 Impact Analysis on Industry
6.1. Restrictions due to COVID-19
6.2. Demand-side Constraints
6.3. Supply-side Constraints

7. Post COVID-19 Industry Dynamics

8. Post COVID-19 Industry Recovery Path Analysis

9. Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1. Upstream Raw Materials Sourcing
9.2. Industrial Chain Analysis
9.3. Downstream Buyers

10. Market Dynamics and Industry Analysis
10.1. Europe E-Bike Market: Introduction
10.2. Market Drivers
10.2.1. Growing popularity of e-MTB
10.2.2. Growing interest in cycling as a fitness & recreational activity
10.2.3. Government initiatives & support to increase the sale of e-Bikes
10.2.4. Consumer inclination toward e-bikes usage as an eco-friendly solution for commute
10.3. Market Restraint
10.3.1. International trade policies and regulations
10.3.2. High maintenance cost of battery
10.4. Market Opportunity
10.4.1. Rising trend towards connected e-Bikes
10.4.2. Increasing traffic congestion in developing nations
10.5. Porter’s Five Forces Analysis

11. Trending Insights on Current Market Scenario
11.1. Current Market Trends
11.2. SWOT Analysis
11.3. PESTEL Analysis
11.4. Technology Trend

12. Competitive Share Analysis
12.1. Company Share Analysis
12.2. Strategic Developments
12.3. Supplier Benchmarking

13. Europe E-Bike Market: Battery Type Segment Analysis

14. Europe E-Bike Market: Class Segment Analysis

15. Europe E-Bike Market: Motor Segment Analysis

16. Europe E-Bike Market: Speed Segment Analysis

17. Europe E-Bike Market: Mode Segment Analysis

18. Europe E-Bike Market: Application Segment Analysis

19. Europe Country Level Analysis
19.1. Europe Regional Overview
19.2. Country Level Analysis
19.2.1. Germany
19.2.2. U.K.
19.2.3. France
19.2.4. Italy
19.2.5. Spain
19.2.6. Russia
19.2.7. Rest of Europe
19.3. Germany Market Size and Forecast Analysis
19.3.1. By Battery Type
19.3.2. By Class
19.3.3. By Motor
19.3.4. By Speed
19.3.5. By Mode
19.3.6. By Application
19.4. U.K. Market Size and Forecast Analysis
19.4.1. By Battery Type
19.4.2. By Class
19.4.3. By Motor
19.4.4. By Speed
19.4.5. By Mode
19.4.6. By Application
19.5. France Market Size and Forecast Analysis
19.5.1. By Battery Type
19.5.2. By Class
19.5.3. By Motor
19.5.4. By Speed
19.5.5. By Mode
19.5.6. By Application
19.6. Italy Market Size and Forecast Analysis
19.6.1. By Battery Type
19.6.2. By Class
19.6.3. By Motor
19.6.4. By Speed
19.6.5. By Mode
19.6.6. By Application
19.7. Spain Market Size and Forecast Analysis
19.7.1. By Battery Type
19.7.2. By Class
19.7.3. By Motor
19.7.4. By Speed
19.7.5. By Mode
19.7.6. By Application
19.8. Russia Market Size and Forecast Analysis
19.8.1. By Battery Type
19.8.2. By Class
19.8.3. By Motor
19.8.4. By Speed
19.8.5. By Mode
19.8.6. By Application
19.9. Rest of Europe Market Size and Forecast Analysis
19.9.1. By Battery Type
19.9.2. By Class
19.9.3. By Motor
19.9.4. By Speed
19.9.5. By Mode
19.9.6. By Application

20. Company Profiles

21. Report Conclusion

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