April 15, 2022 04:03 ET | Source: Research and Markets Research and Markets
Dublin, April 15, 2022 (GLOBE NEWSWIRE) -- The "Europe E-Bike Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Battery Type, Class Type, Motor Type, and Mode" report has been added to ResearchAndMarkets.com's offering. The European e-Bike market is expected to grow from US$ 11,706.81 million in 2021 to US$ 48,810.57 million by 2028; it is estimated to grow at a CAGR of 22.6% from 2021 to 2028. Since most cities in Europe experience traffic congestion every day due to ever-increasing vehicle numbers on the road, policymakers are focusing more on transforming cities under their jurisdiction into "Cycling Cities." The illumination of the role of cycling in the overall city mobility strategies becomes crucial for creating an efficient ecosystem for cyclists. Local, regional, and national authorities in the EU member states aim to accelerate the shift toward zero-emissions vehicles through various incentives to encourage the purchase and use of EVs - including vans, buses, bicycles, and motorcycles.
The 2017 EU Cycling Strategy lays out four primary objectives for the promotion of cycling in mobility systems by putting an equal emphasis on it. The strategy further focuses on encouraging the use of cycles by 50%, and cutting the rates of fatalities and serious injuries among cyclists by 50% during 2020-2030. Furthermore, the 2017 EU Cycling Strategy also emphasizes raising the EU's investments in cycling to ~US$ 3.4 billion during 2021-2027 and ~US$ 6.8 billion from 2028 to 2034. Such strategies and frameworks by governments drive the growth of the e-bike market in Europe. Notably, the COVID-19 pandemic has accelerated the sales of e-bikes in Italy, with an increase of 60% sales in 2020, compared to 2019. Milan's deputy mayor for Urban Planning, Green Areas and Agriculture claimed that the number of cyclists on the main shopping street has risen from 1000 to 7000 per day after the peak of the pandemic. Aventon; Giant Bicycles; Haibike; Merida Bikes; Accell Group; Robert Bosch GmbH; Shimano Inc.; Specialized Bicycle Components, Inc.; Trek Bicycle Corporation; and Yamaha Motor Europe N.V. are among the key companies operating in the Europe e-bike market. The report comprises secondary research work on other companies that hold a significant market share. Report Benefits:
Key Topics Covered: 1. Introduction 2. Key Takeaways 3. Research Methodology 4. E-bike Market Landscape 4.1 Market Overview 4.2 PEST Analysis 4.3 Ecosystem Analysis 4.4 Expert Opinion 5. E-bike Market - Key Market Dynamics 5.1 Market Drivers 5.1.1 Shift in Consumer Preference Toward Bikes and Electric Mobility 5.1.2 Government Support for Use of Electric Vehicles 5.2 Market Restraints 5.2.1 Strict Manufacturing Guidelines for E-Bikes 5.3 Market Opportunities 5.3.1 Emergence of E-Bike Subscription Services 5.4 Future Trends 5.4.1 Technological Advancements in Functionalities 5.5 Impact Analysis of Drivers and Restraints 6. E-bike Market - Europe Analysis 6.1 E-bike Market Europe Overview 6.2 E-bike Market - Revenue and Forecast to 2028 (US$ Million) 6.3 Market Positioning - Five Key Players 7. E-bike Market Analysis - By Battery type 7.1 Overview 7.2 E-bike Market Breakdown, by Battery type, 2020 & 2028 7.3 Lead Acid 7.4 Lithium-Ion Polymer 7.5 Lithium-Ion 8. E-bike Market Analysis - By Class type 8.1 Overview 8.2 E-bike Market Breakdown, by Class type, 2020 & 2028 8.3 Class-I 8.4 Class-II 8.5 Class-III 9. E-bike Market Analysis - by Motor Type 9.1 Overview 9.2 E-bike Market Breakdown, by Motor Type, 2020 & 2028 9.3 Mid Motor 9.4 Hub Motor 10. E-bike Market Analysis - by Mode 10.1 Overview 10.2 E-bike Market Breakdown, by Mode, 2020 & 2028 10.3 Pedal Assist Mode 10.4 Throttle Mode 11. E-bike Market - Geographic Analysis 12. Impact of COVID-19 Pandemic on E-bike Market 13. Industry Landscape 14. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/23qgdm
About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.