Central and Eastern Europe E-bike Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.67 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Central and Eastern Europe E-bike Market Analysis
The Central and Eastern Europe Bike Sharing Market is anticipated to register a CAGR of about 5.67% during the forecast period (2020 - 2025).
- Consumers today are unwilling to invest hugely in commodities which are used for only a brief period. The bike-sharing system is designed specifically for commuters who can pick bicycles as per their need at conveniently timings and locations. With hassle-free, low maintenance, and cheap pricing, bike Sharing is also becoming popular in the Central and Eastern Europe E-Bike Market.
- Since 2017, many Chinese bike-sharing models have penetrated the central and eastern Europe E-Bike Market. But, today, several local operators are also starting up their bike-sharing businesses. Also, Bikes provide an added benefit of leaner volume, which significantly reduces traffic congestion.
- Rise of E-bikes providing the same utility any two-wheelers with an added benefit of reduced ill-effects on the environment is also becoming popular amongst the central and eastern European countries. Many young engineers and entrepreneurs with experience in design and innovation see the E-bike industry as a massive opportunity, especially in Central and Eastern Europe.
Central and Eastern Europe E-bike Market Trends
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 Gyöngyös.
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.
Central and Eastern Europe E-bike Industry Overview
The Europe Bike Sharing Market is hugely fragmented with various startups and regional players such as GEOBike, Byke, Rekola, YoBike, VOI E-bikes, BiciMAD, and The Donkey Republic. Although to have the edge over its competitors, the major bike manufacturers are making joint-ventures, partnerships to launch newer products.
For instance, In 2018, VOI E-bikes was founded in 2018 and provides E-bikes across 18 cities and 9 European counties. It has ambitious roll-out across Europe, targeting 150 cities and towns while unveiling a new range of improved e-scooters and e-bikes.
Central and Eastern Europe E-bike Market Leaders
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GeoBike
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Rekola
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Yo Bykes
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VOI scooter
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BiciMad
*Disclaimer: Major Players sorted in no particular order
Central and Eastern Europe E-bike Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porters Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Two-Wheeler Type
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5.1.1 Motorcycles
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5.1.2 Scooter
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6. Geography
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6.1 Central and Eastern Europe Countries
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6.1.1 Hungary
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6.1.2 Poland
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6.1.3 Czech Republic
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6.1.4 Others
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7. COMPETITIVE LANDSCAPE
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7.1 Vendor Market Share
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7.2 Company Profiles
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7.2.1 BiciMad
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7.2.2 VOI Scooter
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7.2.3 Yobykes
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7.2.4 Rekola
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7.2.5 GeoBike
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7.2.6 Avon Cycles
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- *List Not Exhaustive
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8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Central and Eastern Europe E-bike Industry Segmentation
The Central and Eastern Europe E-bike Market report covers the latest technology trends and market share of 2-wheeler manufacturers across European markets. The report will provide detailed analysis on various areas of the market by type, duration, and application. The market share of significant E-Bike manufacturers across the Central and Eastern Europe will be provided in the report.
| Two-Wheeler Type | |
| Motorcycles | |
| Scooter |
Central and Eastern Europe E-bike Market Research FAQs
What is the current Central and Eastern Europe E-Bike Market size?
The Central and Eastern Europe E-Bike Market is projected to register a CAGR of 5.67% during the forecast period (2024-2029)
Who are the key players in Central and Eastern Europe E-Bike Market?
GeoBike, Rekola, Yo Bykes, VOI scooter and BiciMad are the major companies operating in the Central and Eastern Europe E-Bike Market.
What years does this Central and Eastern Europe E-Bike Market cover?
The report covers the Central and Eastern Europe E-Bike Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Central and Eastern Europe E-Bike Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Central and Eastern Europe E-bikes Industry Report
Statistics for the 2024 Central and Eastern Europe E-bikes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Central and Eastern Europe E-bikes analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
