How is the sales of ebike in European countries?

E-Bikes (electric bicycles) are very popular in European countries and show a continued growth trend. The following is a detailed analysis of the sales of E-Bike in European countries:

1. Market size and growth
Global perspective: According to the latest "2024 Global E-Bike Market Insight Report", the global E-Bike market is constantly expanding, and is expected to reach US$35 billion in 2024, and is expected to reach US$62.25 billion by 2030.
European market: Europe is one of the important markets for E-Bike, with significant market size and growth rate. For example, taking the UK as an example, the UK electric bicycle market size is estimated to be US$501.37 million in 2024, and is expected to reach US$832.85 million by 2029, with a compound annual growth rate of 10.68% during the forecast period.

2. Market acceptance and penetration rate
High penetration rate: E-Bike acceptance and consumer interest in the European market continue to grow, and the penetration rate is rising steadily. For example, the European E-Bike market is dominated by the German, French, Italian and Dutch markets and is expected to grow at a compound annual growth rate of more than 20% in the next few years.
Cultural factors: Europe has a strong cycling culture, and consumers have a high degree of recognition of environmentally friendly and healthy travel methods, which provides a good social foundation for the popularity of E-Bike.