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The e-bike market in Benelux is estimated to grow at a CAGR of 16.65% between 2022 and 2027. The size of the market is forecast to increase by 1,214.05 thousand units. The growth of the market depends on several factors, including the declining cost of Li-ion Batteries, health and environmental benefits associated with the use of e-bikes, and the presence of government initiatives and availability of subsidies.
This report extensively covers market segmentation by technology (lithium-ion battery and sealed lead acid battery) and platform (urban e-bikes, trekking e-bikes, eMTBs, cargo e-bikes, and others). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The health and environmental benefits associated with the use of e-bikes are notably driving the market growth, although factors of lack of adequate infrastructure may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Benelux E-bike Market Driver
The health and environmental benefits associated with the use of e-bikes are notably driving market growth. Vehicular emissions are one of the leading causes of air pollution. They cause several health-related issues, such as respiratory disorders and asthma. The emission of carbon dioxide by vehicles is one of the primary reasons for global warming, which is a major environmental concern across the world. The focus on human health and the environment has resulted in the development and adoption of electric vehicles (EVs), including electric two-wheelers, such as e-bikes, e-motorcycles, and e-scooters.
E-bikes are considered an eco-friendly and reliable mode of transportation. The electric motors of e-bikes reduce rider effort when climbing terrain with a steep incline while pedaling is a form of exercise for users. Pedaling improves cardiovascular fitness and blood sugar levels. Hence, e-bikes can be used by a wide range of people. Hence, such factors are expected to drive the growth of the electric bike (E-Bike) market in Benelux during the forecast period.
Significant Benelux E-bike Market Trend
The development of technologically advanced and lightweight e-bikes is an emerging trend in market growth. Steel is the primary material that is used to manufacture e-bikes. However, the need to improve their range and increase speed has compelled the manufacturers of e-bikes to reduce the weight of their e-bikes. Hence, they are utilizing lightweight materials such as aluminum and carbon fiber to manufacture key e-bike components such as frames and wheel rims. The use of advanced materials such as carbon fiber offers various benefits in terms of design flexibility, strength, and weight savings.
The manufacturers of e-bikes are also continuously innovating on improving the features of e-bikes by incorporating advanced technologies, such as smart e-bike monitoring systems (SEMS), e-bike battery management systems (BMS), and anti-theft features, among others. Such advanced features are expected to be a positive trend in the electric bike (E-Bike) market in Benelux during the forecast period.
Major Benelux E-bike Market Challenge
The lack of adequate infrastructure is a major challenge impeding market growth. E-bikes, like EVs, require basic infrastructure for charging. The infrastructure required for the operation of electric bikes is vast. However, spending on the infrastructure required for the operation of e-bikes has been limited across regions. The governments of many countries have initiated several projects to improve the infrastructure for electric cars. Such initiatives have necessitated significant spending, but they have not reduced traffic congestion in urban areas.
The lack of dedicated bike lanes on the roads is also another major challenge for the adoption of e-bikes. Policymakers must implement policies to accommodate the needs of the users of e-bikes, such as dedicated lanes as well as parking and charging infrastructure. Therefore, the lack of such facilities is limiting the adoption of e-bikes and challenging the growth of the electric bike (E-Bike) market in Benelux during the forecast period.
Key Benelux E-bike Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global E-bike Market in Benelux Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Belgian Bicycle Group - The company primarily focuses on developing and manufacturing Belgian e-bikes. The key offerings of the company include e-bikes under its brand Veloske.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the lithium-ion battery segment will be significant during the forecast period. Li-ion batteries consist of electrodes that are made of lightweight lithium and carbon. Lithium is a highly reactive element and has high amounts of energy stored in its atomic bonds, which provide Li-ion batteries with high energy density. For instance, about 150 Wh of energy can be stored in 2.2-lbs (1 kg) of battery. This advantage has led to the rapid adoption of Li-ion batteries in portable electronic devices and electric vehicles.
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The lithium-ion battery segment was valued at 465.99 thousand units in 2017 and continued to grow until 2021. Li-ion battery-operated e-bikes are gaining popularity in Benelux. E-bike manufacturers are extensively using Li-ion batteries to enhance the performance and efficiency of bikes and reduce the impact of vehicular emissions on the environment. These batteries are among the most preferred type of energy storage systems because of their high energy density and longer cycle times. As they are lighter in weight, they reduce the overall weight of the e-bike. The lightweight of e-bikes helps improve their performance by providing a longer mile range. Moreover, ride-sharing companies across the world are rapidly adopting e-bikes. One of the major objectives of ride-sharing companies is to provide a better mile range, as e-bikes with short mile range will require frequent charging or frequent battery replacement, which increases the costs for those companies. Therefore, a majority of ride-sharing companies prefer Li-ion batteries over sealed lead acid (SLA) batteries for their e-bikes. Therefore, factors like these are likely to have a positive impact on the electric bike (E-Bike) market in Benelux in the Li-ion batteries segment during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the e-bike market in Benelux as a part of the global leisure products industry within the global household durables market. The parent market, the global leisure products market, covers a variety of categories, including sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
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E-bike Market in Benelux Scope |
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Report Coverage |
Details |
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Page number |
147 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.65% |
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Market growth 2023-2027 |
1,214.05 thousand units |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
16.32 |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Accell Group NV, Amsterdam Bicycle Co., Belgian Bicycle Group, Canyon Bicycles GmbH, Cowboy SA, Georg Fritzmeier GmbH and Co. KG, Giant Manufacturing Co. Ltd., Kruitbosch Zwolle BV, KSR Group GmbH, KWANG YANG MOTOR Co. Ltd., Merida Industry Co. Ltd., Pon Holdings BV, QWIC, Riese and Muller GmbH, SCOTT Sports SA, Smart Urban Mobility BV, Trek Bicycle Corp., VanMoof BV, Yamaha Motor Co. Ltd., and Volkswagen AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Platform
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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