E Bike Sales Increase Rapidly In Europe
Infrastructure may place a cap on e-bikes sales in potential markets like the UK France and Italy. In the wake of growing climate awareness electric bikes are speeding into the mainstream.
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If you havent tried an electric bike or havent even heard of electric bikes then things are about to change.
E bike sales increase rapidly in europe. VanMoof a Dutch e-bike manufacturer that markets e-bikes all over the world reported as early as last month that its sales had already risen since the COVID-19 pandemic began. The e-bike market in 2020 is already up by 23 year on year and on the current trajectory. E-bikes are revolutionising European cities.
There has been an increase of 36 in Germany with 980000 e-bikes. Why is the UK not following their example. Scope of the Report The global bicycle market offers a range of bicycles including road bicycles hybrid bicycles all-terrain bicycles e-bicycles and others through offline and online.
Of the few countries with a low mode share the UK is the one that most beats the trend in terms of unit sales per capita. A spokesperson told Engadget that sales rose by 40 percent. The worlds e-bike market was worth a staggering 14755 million in 2018.
E-bikes are predicted to grow from 37 million bikes sold in 2019 to 17 million in 2030. So far the appeal seems. Some of the major reasons considered for adopting e-bikes are the health benefits environmental benefits reduction in expenditure avoidance of traffic congestion and the increase in demand for e-bikes as sports equipment among the youth.
For instance according to the New York Times US. In the Netherlands which has Europes highest per capita bicycle usage the overall bike market fell slightly last year but e-bike sales rose more than 9 percent. Almost 50 more electric bikes were sold in April a big step up in the pace of growth from the 29 seen in the first quarter of the year.
Thus the electric bike industry is one of those industries that is poised for better growth post-Covid-19. On average electric bikes are 10 kg heavier than regular bikes. However the sale of e-bikes was dampened in the first quarter of 2020 as e-bike stores were closed due to lockdown.
The European electric scooters and motorcycles market is expected to attain a size of 8924 million by 2025 registering a CAGR of 262 during the forecast period. European VCs poured 165 million into e-bikes in 2019 and 2020 more than the previous four years combined according to data from PitchBook. Now they are expecting to sell another 310000 e-bikes.
Sales increased in all its main markets including Germany 226 percent the UK 184. Bike sales increased by 85 in March 2020. In the Netherlands a quarter of all Europeans were found to be willing to commute by e-bikes.
Cycling Industries Europe CEO Kevin Mayne is finding it hard but rewarding to keep up with the rising demand for e-bikes. Electric bike sales are on the rise around 50000 60000 are sold each year in the UK compared to overall UK bike sales of over 3 million and the evidence points towards serious growth over the next 30 years. For example Dutch e-bike brand VanMoof has seen a significant increase in sales simultaneous to the Covid-19 outbreak in Europe and latterly the USA.
Sales of its stylish commuter e-bike which hides the battery behind the seat post were 140 percent higher than the previous year. This suggests that other public sector policies such as fiscal incentives for bike purchases can also form part of advocacy to increase sales. It says that sales from February to April were up dramatically compared to the same period last year.
Sales of bikes costing more than 3000 fell. In just the first half of the year the Taiwanese company announced that it sold 29000 electric bicycles. A study in Norway showed that people who obtained an e-bike increased their cycling trips from 28 to 48.
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