Market Trends of Central and Eastern Europe E-Bike Industry
This section covers the major market trends shaping the Central & Eastern Europe E-bike Market according to our research experts:
Rise in the Demand of Green Transportation
Mobility plays a vital role in the current society that we live in.
With the growing concern for preserving and sustaining it for future generations, mainly because of the increasing scarcity of natural resources and environmental concerns, protecting the environment poses a great challenge to both the society and governments worldwide.
As a result, the rising demand for e-bikes is proving to be an ideal solution to the challenge.
With the continually growing environmental and health concerns, due to the increasing emission levels, the governments and international organizations worldwide are enacting stringent emission norms to reduce carbon emission levels.
Additionally, the depletion of fossil fuel levels at an alarming rate has been creating concerns for sustainability for future generations. This factor is posing a huge challenge for governments and society.
Thus, e-bikes are proving to be an ideal solution for the challenge.
Poland is the Fastest-Growing Market
Even with the limited infrastructure in Poland compared to neighbors such as Germany and France, Poland today has become one of the most important E-bike manufacturing countries in Europe. In fact, Hungary comes in the second position. Recently, Giant Bicycles have announced they will invest USD 15m on a production facility in Gy枚ngy枚s.
The bike-share sector is expected to grow from the current 3-5 E-bikes per 1000 residents in all major European cities to 10-20 bikes per 1000 residents in the next five years, representing a 20-30% growth per year.
European expert group comprising of selected few companies like Donkey Republic, BiciMAD, and Mobike formed a powerful advocacy in the bike-sharing sector. Madrid saw some major benefits of the introduction to sharing electric bicycles and became the first European city to offer an all-electric bicycle program in 2014. Also, BiciMAD saw its base subscriber to grow from 1,000 to over 50,000 people.
