Europe E-bike Market Report, by Bike Type (Mountain Bike, Road Bike, City Bike, Cargo Bike, and Others), by Battery Type (Lead Acid, Nickel-cadmium, Nickel-metal Hydride, and Lithium-ion), by Motor (Hub Motor and Mid Motor), by Operation Mode (Battery/Peddle Operated and Throttle Operated), and by Country (Germany, U.K., France, Italy, Russia, and Rest of Europe), published by Coherent Market Insights.
In response with rising popularity, e-bike manufacturers are focused on product innovation coupled with technological advancements such as introduction of SIM module that enables e-bike to transfer the data and information to and from the cloud without any connected smartphone. These connected e-bikes offer several advantageous features including remote diagnostics, anti-theft system, social media connection, integrated navigation, and automatic emergency cell. Robert Bosch is one of the major players in e-bike market, which offers connected bike solutions.
Europe E-bike Market - Impact of Coronavirus (Covid-19) Pandemic
COVID-19 has significantly disrupted almost all industries including infrastructure, retail, manufacturing, and others. To combat COVID-19 pandemic, most of the countries have implemented lockdowns and are now easing it phase-wise and industry wise. COVID-19 pandemic has shutdown the production of various products in the Europe e-bike industry, mainly owing to the prolonged lockdown in European countries. Amid COVID-19 crises, the prominent e-bike manufacturers such as Accell Group, BionX, Bosch, and Derby Cycle AG, among others, have faced an unexpected disruption in vehicle production and economic uncertainties. Most of the e-bike manufacturers are taking all requisite and sustainability measures to manage their liquidity, which include fund management, cost reduction, and focus on collections. Furthermore, these businesses entities are looking for all available options such as long-term funding and alternative capital availability to efficiently manage cash liquidity in the current situation.
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Key Trends and Analysis of the Europe E-bike Market: