Main key players in the e-bikes market in Europe
The European e-bike market has grown rapidly in recent years, but 2021 is expected to set a record in terms of volume expansion and revenue growth. Europeans are expected to buy an additional 10 million electric bicycles by 2030, which will translate into an annual market volume of 30 million units. This will increase e-bike sales twice as much as the number of passenger cars currently registered per year in the EU.
The European e-bike market is expected to grow by almost 50% in 2030. In view of the current supply chain issues, the European e-bike market requires substantial investments for the mass production of components as well as the capacity to operate. assembly in the near future.
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Due to the current COVID-19 situation, most Europeans avoid public transport. E-bikes are safe, convenient and affordable bicycles that replace public transportation. Compared to other modes of transport, charging e-bikes is straightforward and requires no additional investment in supporting infrastructure. And it will be a huge plus to increase sales of electric bikes in Europe.
PROFILE OF CONSUMERS OF THE ELECTRONIC BIKE MARKET IN EUROPE
Some e-bike models are available for the European market and cover the entire range, ranging from 16 years on 24 eMTB bulls to over 80 years on ultra-low-framed frames. Electric bicycle products have been mainly classified into road and off road. Bikes include city, commuter, crossover, folding and freight electric bikes. All-terrain models are hard or full suspension mountain bikes or eMTBs.
GROWTH OF EV BATTERY TECHNOLOGY IN EUROPE
• The European lithium-ion market is growing rapidly in Europe and is expected to generate 250 billion euros by 2025. Growing global interest in sustainable development is stepping up efforts to reduce emissions by choosing clean green energy as well as industry and customers.
• The market for electric vehicles and renewable energy is growing rapidly in Europe, with 70% of all vehicles, including utility and commercial vehicles by 2040, being electric. To meet growing demand, Europe needs a reliable supply chain for lithium-ion batteries. However, 70% of world production was highly concentrated in Asia
• Europe only represents 1% of lithium-ion battery production. The national battery value chain helps companies manage their supply chains more efficiently.
SEGMENTATION OF THE EUROPEAN ELECTRIC BIKE MARKET
By product type
• Electric bike
• Electric scooter
• Electric motorcycle
• 72 V and more
• Less than 5KW
• More than 15KW
By battery type
• Lithium ion battery
• Nickel metal hybrid
• Lead-acid battery
By battery technology
• Removable battery
• non-removable battery
By battery current
• Battery greater than 25 Ah
Bosch is one of the leading e-bike companies providing connected e-bike solutions. The Bosch smartphone hub connects the e-bike to your smartphone, allowing riders to analyze before and after the trip. We have also developed a premium lock feature that converts oak keys connected to an on-board computer into keys for added security. The Bosch Nyon function allows you to analyze the rider’s performance and energy expenditure.
KEY PLAYERS IN THE EUROPEAN ELECTRIC BIKE MARKET
• Riese & Muller
Read more information: https://mobilityforesights.com/product/europe-e-bike-market/
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