EUROPE ELECTRIC TWO-WHEELER MARKET SIZE TO REACH USD 15.55 BILLION BY 2026, GROWING AT A CAGR OF 13.12% DURING 2021-2025

Europe Electric Two-wheeler Market Size, Share, & Trends Analysis Report by Product Type (E-Bike, E-Scooter, and E-Motorcycle), Voltage (48 V, 60V, and 72 V and Above), Power (<5KW, 6-15KW, and >15KW), Battery Type (Lithium-Ion Battery, Nickel Metal Hybrid, and Lead Acid Batteries), Battery Technology (Removable Battery and Non-Removable Battery), Battery Current (<25Ah Battery and >25Ah Battery), and Countries (Germany, Netherlands, Belgium, Italy, France, Spain, UK, and RoE) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2021–2026

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211 Pages

115 Tables

96 Charts

1 Regions

8 Countries

22 Companies

7 Market Segment

EUROPE ELECTRIC TWO-WHEELER MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (REVENUE) USD 15.55 BILLION (2026)
MARKET SIZE (VOLUME) 7,915 THOUSAND UNITS (2026)
CAGR 13.12% (2021-2026)
Base Year 2020
Forecast Year 2021-2026
Market Segments Product Type (E-Bike, E-Scooter, and E-Motorcycle), Voltage (48 V, 60V, and 72 V and Above), Power (<5KW, 6-15KW, and >15KW), Battery Type (Lithium-Ion Battery, Nickel Metal Hybrid, and Lead Acid Batteries), Battery Technology (Removable Battery and Non- Removable Battery), and Battery Current (<25Ah Battery and >25Ah Battery)
Geographic Analysis Europe
Countries Covered Germany, Netherlands, Belgium, Italy, France, Spain, UK, and RoE

EUROPE ELECTRIC TWO-WHEELER INDUSTRY INSIGHTS

Europe's electric two-wheeler market size reached USD 15.55 by 2026, growing at a CAGR of 13.12% during the forecast period. With the increasing concern of over-utilizing natural resources, electric vehicles are gaining traction in the automobile industry. The European government is working to make the transportation sector entirely electric by 2030. Due to the increasing efforts to reduce carbon emissions, the government is expected to push the adoption of EVs in Europe. Electric high-powered motorcycles are increasingly being adopted and are expected to be in trend during the forecast period. The high-powered electric motorcycle offers more than 30kW power and is similar in aesthetics to ICE motorcycles. The growth in production and marketing of such products is expected to create demand in the European market.

The European electric two-wheeler market has become more consolidated, with large vendors such as Askoll, Piaggio, Energica, Pierer Mobility, and BMW controlling the majority of sales. The necessity to modernize and the transition of the aging fleet of combustion-engine cars to electric vehicles is creating the most development potential for electric bikes. In Europe, the EU 2020 strategic goals encouraged policymakers to provide incentives for low-carbon vehicles, especially electric vehicles. Owing to the transportation decarbonization goals, European countries have started to invest more in their EV products across the region.

SNIPPETS

  • In March 2020, Madrid, Paris, and Berlin were the top 3 European cities in e-scooter sharing services and utilization.
  • By 2023, the average price for batteries will decrease by approximately USD 100 per kWh. The reduction in the prices of EVs will increase the adoption rate in Europe.
  • In November 2020, Scania (provider of transport solutions), EVBox Group, and ENGIE partnered to accelerate the development of electric bus and truck solutions in Europe.
  • Germany can become one of the key countries for eclectic mobility and is expected to grow at a CAGR of 13.87% by 2026 in the European electric scooter market.

EUROPE ELECTRIC TWO-WHEELER INDUSTRY GROWTH FACTORS

  • Europeans in the Netherlands, Germany, and Switzerland are ready to pay a premium for high-quality, high-performance electric motorcycles, thereby surging the electric scooter market growth in the region.
  • M&As and new production facilities development by vendors will roll out a maximum number of electric two-wheelers are expected to boost the market growth.
  • The growing popularity and affordability of e-bikes have prompted new public manufacturers to enter the market with various models.

EUROPE ELECTRIC TWO-WHEELER MARKET SEGMENTATION

This research report includes a detailed segmentation by

  • Product Type
  • Voltage
  • Power
  • Battery Type
  • Battery Technology
  • Battery Current
  • Geography

INSIGHTS BY PRODUCT TYPE

The European electric bike market is expected to reach USD 15,021.03 million by 2026.

Nickel metal hybrid batteries and lithium-ion batteries are majorly used in the European electric bike market, and the segment holds over 60% share. The sales of e-bikes have increased rapidly in Europe as Europeans have higher WTP (willingness to pay) for e-bikes and other electric two-wheelers that offer higher quality and performance. Many players in the electric scooter market from Japan, South Korea, and Europe are gaining a high share and expanding in the European market. With the increasing support of government and local associations, many incentives in the e-motorcycles market are expected to increase the demand for electric motorcycles in Europe.

INSIGHTS BY VOLTAGE

The European electric two-wheeler market by 48V battery segment to grow at a CAGR of 13.19% during the forecast period.

The 48V batteries are important for EVs as they are low in costs and safe for consumers. The 48V voltage level is expected to have the majority share in the electric vehicle market battery segment. They are the most common type of voltage provided in an electric two-wheeler. To increase the performance of an electric two-wheeler, many cells are incorporated to give better performance concerning voltage.

INSIGHTS BY POWER

The European electric two-wheeler market by less than 5KW segment to reach an incremental growth of USD 3,161.32 thousand units.

The power of a battery is a major differentiator in an electric two-wheeler as it directly impacts the scooter range, speed, mileage, and price. In 2020, the less than 5kW segment led the market, accounting for 76.28% and 77.40% share in terms of value and volume, respectively, as there is a larger number of vehicles with less than 5kW power which is manufactured and used across Europe. The incorporation of power in electric vehicles is pushing the vendors to increase investment in R&D.

INSIGHTS BY BATTERY TYPE

The European electric two-wheeler market by lithium-ion battery segment to reach incremental growth of 2,360.04 thousand units.

Vendors such as Askoll, Pierer Mobility, and others use lithium-ion batteries at a larger rate. Nickel metal hybrid is mostly used and requires replacement from time to time. The application of lithium batteries is the future of electric transportation in Europe. With the implementation of new rules regarding subsidies and policies, changes in electric two-wheelers are expected in terms of batteries used in vehicles. In the coming years, the lithium-ion battery will play an increasingly important role in power tools.

INSIGHTS BY BATTERY TECHNOLOGY

In 2020, the European electric two-wheeler market by removable battery segment was valued at USD 4.90 billion.

The introduction of detachable batteries has improved the convenience for consumers as they can be charged anywhere. Detachable or removable battery packs are expected to increase in demand among early EV consumers and adopters. The removable battery is gaining high momentum compared to non-removable batteries in the European electric two-wheeler market. Owing to the reduced EV charging time, removable batteries are more preferred by consumers.

INSIGHTS BY BATTERY CURRENT

Europe electric two-wheeler market by more than 25Ah segment is expected to reach USD 3.50 billion by 2026.

The most common battery current type is less than 25Ah as more than 25Ah current requires more powerful batteries, which tends to increase the vehicle's weight and the overall cost of the vehicle. The battery current is critical in nature. Currently, fewer battery current capacities are being manufactured in the initial stage of the market, as the market is at a nascent stage in Europe.

INSIGHTS BY GEOGRAPHY

In terms of volume, the electric two-wheeler market in Germany is growing at a CAGR of 13.36% by 2026

The e-bike market to generate higher revenue in Germany during the forecast period. Germany can become one of the key countries for eclectic mobility globally and in Europe due to higher technological advancements and consumer mindset and awareness. In Germany, technological companies are aggressively pushing the European electric vehicle companies to create maximum awareness and penetration rate. As all age groups demand e-bikes, there is huge scope for growth in the German market.

COMPETITIVE LANDSCAPE

Honda, Suzuki, and Yamaha (Japan) have built electric scooter manufacturing operations in Europe.

The growth in GDP, government restrictions, and import inflows contribute to the European electric two-wheeler market expansion. Vendors are competing on various parameters, such as brand, product portfolio, product features, two-wheeler power consumption, and the efficiency of the products developed to sustain the European electric scooter market.

The expansion and introduction of new products are expected to be supported by competition among suppliers and other e-mobility service companies. Askoll EVA is one of the leading players and the introduction of kick-scooter allowing the company to enter a brand new segment in the European electric vehicle market.

The Europe electric two-wheeler market research report includes in-depth coverage of industry analysis with revenue and forecast insights for the following:

  • Segmented by Product Type
    • E-bike
    • E-Scooter
    • E-Motorcycle
  • Segmented by Voltage
    • 48 V
    • 60V
    • 72 V & Above
  • Segmented by Power
    • <5KW
    • 6-15KW
    • >15KW
  • Segmented by Battery Type
    • Lithium-Ion Battery
    • Nickel Metal Hybrid
    • Lead Acid Batteries
  • Segmented by Battery Technology
    • Removable Battery
    • Non- Removable Battery
  • Segmented by Battery Current
    • >25Ah Battery
  • Segmented by Geography
    • Germany
    • Netherlands
    • Belgium
    • Italy
    • France
    • Spain
    • UK
    • RoE

Frequently Asked Questions

Europe electric two-wheeler market size to reach USD 15.55 by 2026.
Energica sales of e-motorcycle increased and witnessed a turnover of more than USD 4.2 million.
The Europe electric bike market is expected to reach USD 15,021.03 million by 2026.
Increase in government regulations to curb out pollution and harmful emission road, electric scooter market is expected to boom in the region.
Askoll, BMW, Piaggio, Energica, and PIERER MOBILITY are the key players in the European EV market.
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