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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe E-Bike Market Size
The Europe e-bike market size reached a value of nearly USD 25.63 billion in 2023. The market is projected to grow at a CAGR of 14.6% between 2024 and 2032 and reach around USD 87.4 billion by 2032.
Key Takeaways
- The major factors driving the sales of e-bikes in Europe are the innovative features of the product, fully integrated batteries and drives, appealing designs, and the use of high-quality materials.
- Accell Group, Riese & Müller GmbH and Powabyke UK Ltd are a few of the major companies in the market.
- The growing preference for e-trekking, and e-MTB bikes, among others, owing to the increasing environmental consciousness, is augmenting the growth of the Europe e-bike market.
The introduction and implementation of various favourable government regulations such as EU Directive 2002/24/EC to encourage the use of electric bikes are driving the market growth. The growing consumer inclination towards the use of e-bikes as an eco-friendly and efficient solution for commuting and the increasing fuel costs are expected to propel the Europe market for e-bikes in the forecast period.
Some of the factors driving the Europe e-bike market growth are increasing concerns regarding environmental pollution, the rising popularity of e-cargo bikes, and the growing awareness regarding the health benefits associated with cycling. The growing demand for e-cargo bikes by logistical businesses in urban areas as a replacement for delivery vans is aiding their adoption. The rising focus on decarbonising the transportation sector is boosting the adoption of e-bikes in the region.
Europe E-bike Market Report Snapshots
Europe E-bike Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market value was nearly USD 25.63 billion.
The market is projected to grow at a CAGR of 14.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 87.4 billion by 2032.
The major drivers include the sustainability benefits associated with e-bikes, the health benefits provided by cycling, and the growing popularity of e-cargo bikes.
The key trends aiding the market include growing demand for e-bikes for e-commerce and logistics purposes and expansion of charging infrastructure.
The different types of e-bikes include pedal-assisted and throttle assisted.
The major applications of e-bike include urban, tracking, cargo, and MTB, among others.
The major players in the market include Accell Group, Riese & Müller GmbH, Powabyke UK Ltd, QWIC and Kalkhoff Werke GmbH, among others.
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