The latest report by IMARC Group, titled “ Europe E-Bike Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The Europe e-bike market size reached US$ 5,289 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 8,163 Million by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.
An e-bike, or electric bicycle, is a two-wheeled vehicle equipped with an integrated electric motor that assists the rider in pedaling. These innovative bicycles blend the traditional features of a regular bike with electric propulsion, offering an eco-friendly and efficient mode of transportation. It is typically available with a rechargeable battery that powers the motor, which can be activated through a handlebar-mounted control or automatically, depending on the model. This motor assists riders by providing extra thrust when pedaling, making it easier to conquer hills or cover longer distances without excessive effort. As a result, e-bikes are gaining popularity due to their versatility and environmental benefits.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/europe-e-bike-market/requestsample
Europe E-Bike Market: Trends and Drivers:
The e-bike market in Europe is primarily driven by the growing environmental concerns. In addition, e-bikes are considered an eco-friendly mode of transportation, produce zero emissions, and help reduce air pollution, making them an attractive choice for environmentally-conscious consumers, thus influencing market growth. Moreover, several advancements in battery technology led to the development of improved, long-lasting, and more powerful batteries, thus representing another major growth-inducing factor. Besides this, e-bikes offer a convenient way for individuals to incorporate physical activity into their daily routines, thus accelerating the sales demand. They provide an accessible and low-impact form of exercise with pedal-assist technology while allowing riders to choose the level of assistance they need, making e-bikes suitable for individuals of numerous fitness levels. Along with this, the implementation of several government initiatives, including tax incentives, rebates, and infrastructure development, such as dedicated bike lanes and charging stations to promote the adoption of e-bikes, is propelling the market growth.
Report Segmentation: https://www.imarcgroup.com/request?type=report&id=2701&flag=C
The report has segmented the market into the following categories:
Breakup by Mode:
- Throttle
- Pedal Assist
Breakup by Motor Type:
- Hub Motor
- Mid Drive
- Others
Breakup by Battery Type:
- Lead Acid
- Lithium Ion
- Nickel-Metal Hydride (NiMH)
- Others
Breakup by Class:
- Class I
- Class II
- Class III
Breakup by Design:
- Foldable
- Non-Foldable
Breakup by Application:
- Mountain/Trekking Bikes
- City/Urban
- Cargo
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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