CONEBI predicts that sales of e-bikes will more than double in 2025.
Total european bicycle sales will stabilize at around 20 million units in 2019, while total sales have increased significantly, mainly due to a 23% increase in e-bike sales over the same period last year, driving up the overall market value of bicycles. Last year, for the first time, european e-bike sales exceeded 3 million units, accounting for 17% of all bicycle sales.
In recent years, the European e-bike market continued to rise, the industry development is extremely optimistic. CONEBI predicts that sales of e-bikes will more than double to 6.5m in the next five years.
CONEBI Chairman Boucher: 2019 has been a very good year for the EU cycling industry, as reflected in the continued boom in e-bikes in Europe and the increasing capacity of bicycle spare parts. CONEBI maintains close ties with European government agencies, actively plays an important role in the green economy of the EU, and contributes to the achievement of the objectives of the EU Green Agreement.
CONEBI General Manager Marcelo: If the following three basic conditions can be met, the European electric power bicycle market will continue to flourish in the next few years.
1. EPAC (electric scooter with a top speed of 25km/h and maximum power of 250W) is currently in a favourable position at the regulatory level (not included in the legal procedure for EU category certification), which means that there is no category certification, no mandatory motor vehicle insurance, no mandatory motorcycle helmet, no driving licence and the ability to drive in a dedicated bike lane.
2. In response to the epidemic, the EU’s good trend of advocating bicycle travel continues, and more investment in bicycle infrastructure construction has provided dedicated lanes and safety for bicycle travel.
3. The continuous improvement of the intelligent transportation system within the legal and technical framework of the European Union enables cars and buses to automatically detect unforeseen cyclists at blind spots on the road in a timely manner, thus making bicycle travel safer.
Total European bicycle production increased by 11% year-on-year in 2019, with electric vehicle production increasing by 60% year-on-year, showing strong growth. This has prompted many manufacturers to invest in production and assembly, some of which are re-establishing operations back in Europe. The gross domestic product of bicycle parts will reach 2 billion euros in 2019.
Investment in the bicycle industry has also increased employment, providing more than 60,000 direct jobs and 60,000 indirect jobs upstream and downstream. A total of 120,000 jobs were created, up 14.4% year-on-year and 32% year-on-year in 2017.
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