Electric Bike Europe Market

Production of electric bikes in europe is said to have grown by as much as 60 between 2018 and 2019.

Electric bike europe market. The global electric bikes market by region has been analyzed across north america europe asia pacific and lamea. The study includes the electric bicycle e bike market size and forecast for the global electric bicycle market through 2024 segmented by bicycle type propulsion type usage type motor type. A sudden rise in the sales have been observed in europe amid the outbreak of coronavirus is expected to help the region maintain its second largest position in. The stringent vehicular emission norms imposed by the government in this region is expected to drive the market.

Some of the major market players are giant bicycles merida trek bikes riese muller and fritzmeier systems gmbh co. With worldwide news market reports eu laws and regulation show p reviews. The e bike market is extremely fragmented with the major players holding a low share of the total market share. At what cagr is.

Technavio says that the value of market was at 3024 00 k units in 2019 and is projected to reach 5374 60 k units by 2024. The electric bike market in europe and north america is projected to grow at similar rates during the forecast period. When i had to return this electric bike 9 10 wired recommends i almost cried the tiny but powerful custom motor and slim battery are integrated into the frame so it doesn t even look like an. Around 70 of e bikes sold in europe are imported from asia which is also one of the major factors that are maintaining the dominance of this region in this market.

Bike europe is the leading trade journal for the bicycle e bike market. A number of electric bike manufacturers are headquartered in these two regions. What was the value of the e bike market in europe in 2019. To clarify in many countries an electric bike can only assist a rider up to 25kmh that s roughly 15 5mph for most of europe and australia if you live in the us keep reading.

Europe and north america have remained at the forefront of innovation in electric bike technology. Made available to its members conebi s 2020 bicycle industry and market profile carries an array of data tracking where sales are being made production volumes jobs attached to the bicycle business and plenty more. Europe holds the second largest position in the market.