Market Trends of netherlands e-bike Industry
The Netherlands exhibits a high adoption rate for E-Bikes, highlighting a strong cycling culture and market maturity.
- The Netherlands is one of the popular countries known for bicycle usage, the country is witnessing significant growth in e-bikes over the past few years. Moreover, the benefits of the electronic bicycle over the conventional bicycle have surged the demand for e-bikes across the Netherlands. Ease of riding, pollution-free and time-saving, and cost-efficient are some of the major factors contributing to the adoption of e-bikes over other vehicles for daily commuting to offices and marketplaces. As a result, the adoption rate for e-bikes has increased by 6% in 2018 over the year 2017.
- The Netherlands was one of the major hits, causing loss to various industries such as automotive, etc., Moreover fear of corona, due to which people started avoiding public and shared transportation which impacted the sales and usage of personal vehicles including e-bicycles. People preferred to choose e-bikes over other commuting options as it is one of the most cheapest and carefree vehicles ( very less maintenance cost compared to other vehicles). As a result, the sales of e-bicycles, and the adoption rate of e-bikes among consumers have increased by around 8.5% in 2020 over the year 2019 in the Netherlands.
- The relaxation in the covid wave and drop in the covid cases resulted in the resumption of business operations and offices. Which has increased the growth of e-bikes in 2021, Moreover, the launching of new e-bikes with high-tech features such as long battery range, higher speed limits, and fast charging features have highly encouraged consumers to invest in E-bikes. As a result, the country is expected to witness a growth in the adoption rate of e-bikes reaching at 92% in 2028 compared to 57.50% in 2022.
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The Netherlands shows a consistent rise in the population commuting 5-15 km daily, reflecting a preference for medium-distance travel.
- The Netherlands is one of the popular countries known for cyclists, the country has witnessed significant growth in the number of bicycle sales over the past few years. The demand for bicycles is increasing, which has led to an increase in the number of people who commute by bicycle 5 to 15 kilometers per day. Nearly 36% of individuals in the Netherlands have used bicycles as their primary mode of transportation by 2020 to travel daily between 5 and 15 kilometers to various locations, including offices, enterprises, schools, etc.
- The different lockdown limitations, including the closing of various activities such as businesses, gyms, and yoga studios, and drop-in public transportation, due to which, the pandemic had a significant impact on the Netherlands bicycle demand in 2020 and 2021. In many Netherlands cities, bikers also decide to get to their usual workplaces, places of business, and other nearby sites on their bicycles. In 2021 compared to 2020, there was an increase of around 0.90% in the number of commuters traveling 5 to 15 kilometers on bicycles, Moreover, various people started using bicycles for approximately 27% of their home-work commutes.
- The improvements in bicycle infrastructure and a variety of government cycling promotion initiatives, the number of people who use bicycles to commute to work have increased in 2022 over 2021. Today, many people use bicycles to go 5 to 15 kilometers to their daily jobs, as well as to their workplaces, places of commerce, and nearby markets. These factors are anticipated to increase the number of commuters who bike 5 to 15 km, which would further raise demand for bicycles in the Netherlands throughout the projection period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The Netherlands displays a recovery in bicycle sales post-2020, reflecting a resilient market with a strong cycling tradition.
- The Netherlands shows a peak in inflation in 2022, with a subsequent trend towards stabilization, reflecting market adjustments.
- The Netherlands observes a consistent decrease in e-bike battery prices, indicating a thriving market and increased efficiency.
- The Netherlands' consistent increase in dedicated bicycle lanes reaffirms its global reputation as a cycling-friendly nation, promoting sustainable urban mobility.
- The Netherlands is experiencing a decrease in E-bike charging times, showcasing the country's commitment to sustainable transportation and efficient charging solutions.
- The Netherlands' GDP per capita reveals consistent growth, indicating a strong and robust economy.
- The Netherlands' robust cycling culture is reflected in its steadily growing bicycle rental market, highlighting a sustainable lifestyle choice.
- The Netherlands' hyper-local delivery sector is on an upward trend, reflecting a strong consumer shift towards localized online shopping.
- The Netherlands exhibits consistent growth in trekker numbers, suggesting an increasing appreciation for the country's outdoor spaces and recreational trails.
- The Netherlands exhibits a notable decrease in its Traffic Congestion Index, reflecting effective traffic management and possibly a shift towards alternative transportation modes.
