Europe E-Bike Market 2030 Size, Share | Industry Trends, Business Revenue Forecast and Statistics, Growth Prospective

According to Business Market Insights' research, the Europe E-Bike Market was valued at US$ 13,616.27 million in 2022 and is expected to reach US$ 47,521.18 million by 2030, registering a CAGR of 16.9% from 2022 to 2030. Rising adoption of connected e-bikes among business and government sectors and growth of outdoor sports and adventurous activities are among the critical factors attributed to the Europe e-bike market expansion.

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The List of Companies 

1. Aventon Bikes 

2. Giant Manufacturing Co Ltd 

3. Haibike 

4. Merida Industry Co., Ltd. 

5. Pedego Electric Bikes 

6. Robert Bosch GmbH 

7. Shimano Inc 

8. Specialized Bicycle Components, Inc. 

9. Trek Bicycle Corp 

10. Yamaha Motor Co Ltd 

Government Support Boosts Europe's E-Bike Market Amid Carbon Reduction Efforts

Governments across Europe have introduced various incentive programs to encourage e-bike and electric vehicle adoption, aiming to reduce carbon emissions and promote sustainable transportation.

Several European countries offer subsidies to support e-bike purchases for individuals, businesses, and public entities. The European Cyclists' Federation (ECF) provides financial incentives based on the type of e-bike and the buyer category. In France, as of August 2022, residents with an annual income of $14,592.40 or less receive a $325 subsidy on e-bike purchases. Those earning $6,800 or less, as well as individuals with disabilities, may qualify for a higher discount of up to $435.

These government-backed incentives, along with global efforts to decarbonize transportation, are significantly driving the growth of the e-bike market.

Overview of the European E-Bike Market

The European e-bike market is expanding due to increasing urbanization, rising investments in cycling infrastructure, and growing consumer awareness of sustainable mobility solutions. Many governments are allocating substantial funds to promote e-bike adoption and improve cycling facilities.

Europe ranks as the second-largest e-bike market, supported by investments in cycling tracks, heightened awareness of eco-friendly transportation, and increased consumer spending on recreational activities. Germany holds the largest market share, driven by strong consumer demand for e-bikes. In 2021, bicycle sales in the European Union reached approximately 22 million units, with e-bike sales accounting for 5 million. Additionally, the German federal government has pledged an investment of $1.06 billion in cycling infrastructure as part of its national climate protection program.

These factors continue to propel the growth of the e-bike market across Europe, reinforcing the shift toward greener transportation solutions.

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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