Electric bikes have increased in popularity in recent years.
According to a report carried out in Europe, global sales of electric bicycles grew by 24 percent in 2021, with more than 40 million units sold.
The largest market for electric bikes is in China, where the industry has been at its peak for more than a decade.
In 2022, Chinese consumers bought more than 30 million electric bikes, what represents the 70 percent of the world market.
Although it has not achieved the “boom” of China, in the United States, the market for electric bicycles has experienced constant growth, with a sales increase of 25 percent in 2022.
The covid pandemic was key in this development, as more people sought alternative means of transport for their trips and leisure activities.
Major cities like New York, Los Angeles, and Chicago saw the number of electric bikes ridden by people seeking eco-friendly alternatives to traditional cars and public transportation grow.
In Europe, electric bike sales increased their market share notably, with Germany and the Netherlands leading the way.
The market for electric bicycles is growing
Precisely the data of this March 15 comes from Germany, where one in two bikes sold in 2022 had an electric motor.
In total, they were marketed in that country 2.2 million e-bikesa growth of 10 percent year-on-year, according to information from the associations of the bicycle industry (ZIV) and the bicycle trade (VDZ).
In parallel, there was a drop in the number of conventional bicycles sold in Germany; 2.4 million.
In this way, of the total 4.6 million bicycles sold, almost half were electric.
Another interesting fact: three out of four bicycles sold in Germany reached buyers through physical stores, the rest through the Internet.
In turnover, the sector entered 7,300 million euros, four times more than in 2012.
A conventional bicycle in that country averages 500 euros and an electric one, 2,800 euros.
Several brands have emerged as major players in the e-bike market. giantTrek, and Specialized are among the largest and most well-known globally, with others like Rad Power Bikes, VanMoof, and Cowboy gaining popularity in recent years.
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