E-bike Market size in Benelux to grow by 1,214.05 thousand units from 2022 to 2027, Driven by health and environmental benefits associated with the use of e-bikes – Technavio

NEW YORK, March 20, 2023 /PRNewswire/ — The e-bike market size in Benelux is estimated to grow by 1214.05 thousand units from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of over 16.65% during the forecast period. The health and environmental benefits associated with the use of e-bikes, the declining cost of Li-ion Batteries, and the presence of government initiatives and availability of subsidies are driving the market growth, although factors such as lack of adequate infrastructure may impede the market growth.

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Leading Drivers –

The health and environmental benefits associated with the use of e-bikes are notably driving the market growth. Vehicular emissions are among the leading causes of air pollution. They cause several health-related issues like respiratory disorders and asthma. The rising focus on concerns related to human health and the environment led to the development and adoption of electric vehicles (EVs), including electric two-wheelers, such as e-bikes, e-motorcycles, and e-scooters, which are considered to be eco-friendly and reliable modes of transportation. Hence, e-bikes are a leading trend due to health concerns and global warming concerns. 

E-bike Market in Benelux – Vendor Analysis

Vendor Landscape – The e-bike market in Benelux is highly fragmented due to the presence of numerous players. 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 are some of the major players in the market.

Vendor Offerings – 

• Accell Group NV – The company offers e-bikes under its brands Haibike, and Winora. 
• Belgian Bicycle Group – The company offers e-bikes under its brand Veloske. 
• Georg Fritzmeier GmbH and Co. KG – The company offers e-bikes through its subsidiary M1-Sporttechnik GmbH and Co. KG. 
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E-bike Market In Benelux – Segmentation Assessment

Segment Overview

Technavio has segmented the market based on technology (lithium-ion battery and sealed lead acid battery) and platform (urban e-bikes, trekking e-bikes, eMTBs, cargo e-bikes, and others).

• The market share growth by the lithium-ion battery segment will be significant during the forecast period. These batteries consist of electrodes made of lightweight lithium and carbon. Lithium is a highly reactive element and has high amounts of energy stored in its atomic bonds, providing Li-ion batteries with high energy density. For example, about 150 Wh of energy can be stored in 2.2-lbs (1 kg) of battery. E-bike manufacturers extensively use Li-ion batteries to enhance the performance and efficiency of bikes and reduce the impact of vehicular emissions on the environment. Hence, factors like the extensive use of Li-ion batteries are expected to positively impact the market growth.

Geography Overview

By geography, the global e-bike market in Benelux is segmented into Benelux. The report provides actionable insights and estimates the contribution of all regions to the growth of the global e-bike market in Benelux.

• The Netherlands is a major revenue-generating country, accounting for a majority of the revenue of the e-bike market in Benelux. Recently, e-bike sales in the country have grown at a record pace. Market growth clearly underlines that e-bikes are increasingly being perceived as the next most popular mode of mobility, coupled with their use for leisure and sports. It has been observed that a majority of e-bikes in the country are used for commuting in cities. 

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E-bike Market In Benelux – Market Dynamics

Leading trends influencing the market 

The development of technologically advanced and lightweight e-bikes is a key trend in market growth. Steel is the primary material used to manufacture e-bikes. But the need to improve their range and increase speed has compelled the manufacturers of e-bikes to reduce the weight of their e-bikes. Thus, utilizing lightweight materials such as aluminum and carbon fiber to manufacture key e-bike components such as frames and wheel rims is being followed. Advanced materials, such as carbon fiber are being used to offer various benefits in terms of design flexibility, strength, and weight savings. 

Major challenges hindering the market growth

The lack of adequate infrastructure is a key challenge impeding the market growth. E-bikes, like EVs, require basic infrastructure to charge. The infrastructure that is required to operate electric bikes is vast. But the spending on the infrastructure required for the operation of e-bikes has been limited across regions. The governments of many countries initiated several projects to improve the infrastructure for electric cars, which necessitated significant spending, but they have not reduced traffic congestion in urban areas. Hence, the lack of such facilities limits the adoption of e-bikes and challenges the growth of the e-bike market in Benelux during the forecast period.

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What are the key data covered in this E-bike Market In Benelux report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the e-bike market in Benelux between 2023 and 2027
• Precise estimation of the size of the e-bike market in Benelux and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the e-bike market across Benelux
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of the e-bike market in Benelux vendors

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Related Reports:

The e-bike battery market size is expected to increase by USD 1.64 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.32%. The market is segmented by type (lead acid battery, li-ion battery, and nickel-metal hydride battery) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The long shelf life of Li-ion batteries when compared with other battery technologies is a major factor driving the global e-bike battery market growth. 

The e-bike market size is expected to increase by 9.7 million units from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.81%. The market is segmented by type (SLA batteries and Li-ion batteries) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). One of the key factors driving the global e-bike market is the declining cost of Li-ion batteries.

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Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Platform
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Benelux – Market size and forecast 2022-2027 (thousand units)
• Exhibit 15: Data Table on Benelux – Market size and forecast 2022-2027 (thousand units)
• Exhibit 16: Chart on Benelux: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Benelux: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 E-bike market in Benelux 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on E-bike market in Benelux 2017 – 2021 (thousand units)

• 4.2 Technology Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Technology Segment 2017 – 2021 (thousand units)

• 4.3 Platform Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Platform Segment 2017 – 2021 (thousand units)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (thousand units)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 22: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 28: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Technology

• 6.1 Market segments
• Exhibit 29: Chart on Technology – Market share 2022-2027 (%)
• Exhibit 30: Data Table on Technology – Market share 2022-2027 (%)

• 6.2 Comparison by Technology 
• Exhibit 31: Chart on Comparison by Technology
• Exhibit 32: Data Table on Comparison by Technology

• 6.3 Lithium-ion battery – Market size and forecast 2022-2027 
• Exhibit 33: Chart on Lithium-ion battery – Market size and forecast 2022-2027 (thousand units)
• Exhibit 34: Data Table on Lithium-ion battery – Market size and forecast 2022-2027 (thousand units)
• Exhibit 35: Chart on Lithium-ion battery – Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Lithium-ion battery – Year-over-year growth 2022-2027 (%)

• 6.4 Sealed lead acid battery – Market size and forecast 2022-2027 
• Exhibit 37: Chart on Sealed lead acid battery – Market size and forecast 2022-2027 (thousand units)
• Exhibit 38: Data Table on Sealed lead acid battery – Market size and forecast 2022-2027 (thousand units)
• Exhibit 39: Chart on Sealed lead acid battery – Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Sealed lead acid battery – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Technology 
• Exhibit 41: Market opportunity by Technology (thousand units)
• Exhibit 42: Data Table on Market opportunity by Technology

7 Market Segmentation by Platform

• 7.1 Market segments
• Exhibit 43: Chart on Platform – Market share 2022-2027 (%)
• Exhibit 44: Data Table on Platform – Market share 2022-2027 (%)

• 7.2 Comparison by Platform 
• Exhibit 45: Chart on Comparison by Platform
• Exhibit 46: Data Table on Comparison by Platform

• 7.3 Urban e-bikes – Market size and forecast 2022-2027 
• Exhibit 47: Chart on Urban e-bikes – Market size and forecast 2022-2027 (thousand units)
• Exhibit 48: Data Table on Urban e-bikes – Market size and forecast 2022-2027 (thousand units)
• Exhibit 49: Chart on Urban e-bikes – Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Urban e-bikes – Year-over-year growth 2022-2027 (%)

• 7.4 Trekking e-bikes – Market size and forecast 2022-2027 
• Exhibit 51: Chart on Trekking e-bikes – Market size and forecast 2022-2027 (thousand units)
• Exhibit 52: Data Table on Trekking e-bikes – Market size and forecast 2022-2027 (thousand units)
• Exhibit 53: Chart on Trekking e-bikes – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Trekking e-bikes – Year-over-year growth 2022-2027 (%)

• 7.5 eMTBs – Market size and forecast 2022-2027 
• Exhibit 55: Chart on eMTBs – Market size and forecast 2022-2027 (thousand units)
• Exhibit 56: Data Table on eMTBs – Market size and forecast 2022-2027 (thousand units)
• Exhibit 57: Chart on eMTBs – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on eMTBs – Year-over-year growth 2022-2027 (%)

• 7.6 Cargo e-bikes – Market size and forecast 2022-2027 
• Exhibit 59: Chart on Cargo e-bikes – Market size and forecast 2022-2027 (thousand units)
• Exhibit 60: Data Table on Cargo e-bikes – Market size and forecast 2022-2027 (thousand units)
• Exhibit 61: Chart on Cargo e-bikes – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Cargo e-bikes – Year-over-year growth 2022-2027 (%)

• 7.7 Others – Market size and forecast 2022-2027 
• Exhibit 63: Chart on Others – Market size and forecast 2022-2027 (thousand units)
• Exhibit 64: Data Table on Others – Market size and forecast 2022-2027 (thousand units)
• Exhibit 65: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Platform 
• Exhibit 67: Market opportunity by Platform (thousand units)
• Exhibit 68: Data Table on Market opportunity by Platform

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 70: Chart on Market share by geography – 2022-2027 (%)
• Exhibit 71: Data Table on Market share by geography – 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 72: Chart on Geographic comparison
• Exhibit 73: Data Table on Geographic comparison

• 9.3 The Netherlands – Market size and forecast 2022-2027 
• Exhibit 74: Chart on The Netherlands – Market size and forecast 2022-2027 (thousand units)
• Exhibit 75: Data Table on The Netherlands – Market size and forecast 2022-2027 (thousand units)
• Exhibit 76: Chart on The Netherlands – Year-over-year growth 2022-2027 (%)
• Exhibit 77: Data Table on The Netherlands – Year-over-year growth 2022-2027 (%)

• 9.4 Belgium – Market size and forecast 2022-2027 
• Exhibit 78: Chart on Belgium – Market size and forecast 2022-2027 (thousand units)
• Exhibit 79: Data Table on Belgium – Market size and forecast 2022-2027 (thousand units)
• Exhibit 80: Chart on Belgium – Year-over-year growth 2022-2027 (%)
• Exhibit 81: Data Table on Belgium – Year-over-year growth 2022-2027 (%)

• 9.5 Luxembourg – Market size and forecast 2022-2027 
• Exhibit 82: Chart on Luxembourg – Market size and forecast 2022-2027 (thousand units)
• Exhibit 83: Data Table on Luxembourg – Market size and forecast 2022-2027 (thousand units)
• Exhibit 84: Chart on Luxembourg – Year-over-year growth 2022-2027 (%)
• Exhibit 85: Data Table on Luxembourg – Year-over-year growth 2022-2027 (%)

• 9.6 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography (thousand units)
• Exhibit 87: Data Table on Market opportunity by geography (thousand units)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 88: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 89: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 90: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 91: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 92: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 93: Matrix on vendor position and classification

• 12.3 Accell Group NV
• Exhibit 94: Accell Group NV – Overview
• Exhibit 95: Accell Group NV – Business segments
• Exhibit 96: Accell Group NV – Key offerings
• Exhibit 97: Accell Group NV – Segment focus

• 12.4 Belgian Bicycle Group 
• Exhibit 98: Belgian Bicycle Group – Overview
• Exhibit 99: Belgian Bicycle Group – Product / Service
• Exhibit 100: Belgian Bicycle Group – Key offerings

• 12.5 Georg Fritzmeier GmbH and Co. KG 
• Exhibit 101: Georg Fritzmeier GmbH and Co. KG – Overview
• Exhibit 102: Georg Fritzmeier GmbH and Co. KG – Product / Service
• Exhibit 103: Georg Fritzmeier GmbH and Co. KG – Key offerings

• 12.6 Giant Manufacturing Co. Ltd. 
• Exhibit 104: Giant Manufacturing Co. Ltd. – Overview
• Exhibit 105: Giant Manufacturing Co. Ltd. – Product / Service
• Exhibit 106: Giant Manufacturing Co. Ltd. – Key offerings

• 12.7 Kruitbosch Zwolle BV
• Exhibit 107: Kruitbosch Zwolle BV – Overview
• Exhibit 108: Kruitbosch Zwolle BV – Product / Service
• Exhibit 109: Kruitbosch Zwolle BV – Key offerings

• 12.8 KSR Group GmbH
• Exhibit 110: KSR Group GmbH – Overview
• Exhibit 111: KSR Group GmbH – Product / Service
• Exhibit 112: KSR Group GmbH – Key offerings

• 12.9 KWANG YANG MOTOR Co. Ltd. 
• Exhibit 113: KWANG YANG MOTOR Co. Ltd. – Overview
• Exhibit 114: KWANG YANG MOTOR Co. Ltd. – Product / Service
• Exhibit 115: KWANG YANG MOTOR Co. Ltd. – Key offerings

• 12.10 Merida Industry Co. Ltd. 
• Exhibit 116: Merida Industry Co. Ltd. – Overview
• Exhibit 117: Merida Industry Co. Ltd. – Business segments
• Exhibit 118: Merida Industry Co. Ltd. – Key offerings
• Exhibit 119: Merida Industry Co. Ltd. – Segment focus

• 12.11 Pon Holdings BV
• Exhibit 120: Pon Holdings BV – Overview
• Exhibit 121: Pon Holdings BV – Product / Service
• Exhibit 122: Pon Holdings BV – Key offerings

• 12.12 QWIC
• Exhibit 123: QWIC – Overview
• Exhibit 124: QWIC – Product / Service
• Exhibit 125: QWIC – Key offerings

• 12.13 Riese and Muller GmbH 
• Exhibit 126: Riese and Muller GmbH – Overview
• Exhibit 127: Riese and Muller GmbH – Product / Service
• Exhibit 128: Riese and Muller GmbH – Key offerings

• 12.14 SCOTT Sports SA
• Exhibit 129: SCOTT Sports SA – Overview
• Exhibit 130: SCOTT Sports SA – Product / Service
• Exhibit 131: SCOTT Sports SA – Key offerings

• 12.15 Smart Urban Mobility BV 
• Exhibit 132: Smart Urban Mobility BV – Overview
• Exhibit 133: Smart Urban Mobility BV – Product / Service
• Exhibit 134: Smart Urban Mobility BV – Key offerings

• 12.16 Volkswagen AG
• Exhibit 135: Volkswagen AG – Overview
• Exhibit 136: Volkswagen AG – Business segments
• Exhibit 137: Volkswagen AG – Key offerings
• Exhibit 138: Volkswagen AG – Segment focus

• 12.17 Yamaha Motor Co. Ltd. 
• Exhibit 139: Yamaha Motor Co. Ltd. – Overview
• Exhibit 140: Yamaha Motor Co. Ltd. – Business segments
• Exhibit 141: Yamaha Motor Co. Ltd. – Key news
• Exhibit 142: Yamaha Motor Co. Ltd. – Key offerings
• Exhibit 143: Yamaha Motor Co. Ltd. – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 144: Inclusions checklist
• Exhibit 145: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 146: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 147: Research methodology
• Exhibit 148: Validation techniques employed for market sizing
• Exhibit 149: Information sources

• 13.5 List of abbreviations 
• Exhibit 150: List of abbreviations

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