E-Bike Sales To Grow 3.7 Million To 17 Million Per Year By 2030, Forecast Industry Experts - Forbes
The deadly pandemic has boosted cycling. During the first European lockdowns in March and April, a surge in demand led to bicycle shortages as bicycle shops—which were allowed to remain open—quickly sold out of stock.
Three Brussels-based industry groups reported on December 2 that sales of all bicycles look set to rise over the next few years, with e-bikes leading the charge.
Europeans are expected to buy an extra 10 million bikes per year by 2030, 47% more than the annual number in 2019, said a joint statement from the three groups. The 30 million per year total will take bike sales to more than twice the number of passenger cars currently registered per year in the EU.
Projected bicycles sales in Europe to 2030.
The groups are industry-supported lobbyist Cycling Industries Europe (CIE), industry association CONEBI, and user group organization European Cyclists’ Federation (ECF).
Analyzing current trends, COVID 19 impacts, and government announcements about future cycling investments, the newly-formed CIE/ECF Market Impact and Intelligence Expert Group project bumper cycle sales in 30 countries over the next ten years.