Market Size of europe e-bike Industry
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2029 |
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Market Size (2023) | USD 10.71 Billion |
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Market Size (2028) | USD 19.28 Billion |
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CAGR (2023 - 2028) | 12.48 % |
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Largest Share by Propulsion Type | Pedal Assisted |
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Largest Share by Country | Germany |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe E-bike Market Analysis
The Europe E-Bike Market size is expected to grow from USD 10.71 billion in 2023 to USD 19.28 billion by 2028, at a CAGR of 12.48% during the forecast period (2023-2028).
- Largest Segment by Propulsion Type - Pedal Assisted : Countries such as Germany and France are using pedal-assisted bikes extensively due to factors like time-saving, cost benefits, and easy rides, making pedal assisted the largest segment.
- Largest Segment by Application Type - City/Urban : Europe has dedicated bike lanes in cities and suburbs. Courier services are deploying e-bikes to deliver parcels and people are using bikes for daily commutes, thus aiding the growth of the city/urban segment.
- Largest Segment by Battery Type - Lithium-ion Battery : Long-range offerings, less charging time, durability, high power in small sizes, and lightweight are some of the factors that are increasing the usage of lithium batteries, further making Li-ion the largest battery type.
- Largest Country - Germany : Germany has the highest number of e-bikes due to the increase in the electrification of vehicles, stringent norms by the government, and the growing interest of consumers for cleaner rides.
