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E-Bikes Turns Bike Bizz into Big Billion Business

AMSTERDAM, the Netherlands - The growing popularity of electric bicycles is shaking up the European industry. While Germany is still by far the largest bicycle producing nation in Europe, it is currently being outnumbered in terms of value by the Netherlands. The huge difference in pricing between a regular bicycle and a e-Bike is the reason behind the change in ranking.
E-Bike sale is marching on in many European countries. This is indicated by statistics published in the Market Reports from Bike Europe. As the trend is picking up rapidly e-Bikes are turning the bicycle industry into a big billion business.
The Dutch statistics agency (CBS) reports that the bikes produced in Europe last year valued 1.9 billion, of which 30% came from the Netherlands. The second in ranking is Germany with 340 billion (18% of the total market) and third is France with 170 billion (8% of the total market).
In 2008 the total Dutch bike production output is valued at 577 million, a rise of 20% related to 2007. The Netherlands owes this leading position to a high average value per unit. This amount was boosted in the past years by the rising popularity of e-Bikes. Due to the advanced technology the average value of an e-Bike is far above that of a standard bike. Last year the Dutch bought some 125,000 e-Bikes. That is approximately 10% of the market in volume. It is expected that this will rise to 25-30% in five years time.
Production Value of Bikes Made in the EU


Country

Value (in Euro)

The Netherlands 

577,000

Germany

340,000

France

170,000

Italy

160,000

Poland

150,000

Portugal

130,000

Spain

80,000

Sweden

60,000

Lithuania

50,000

Belgium

50,000

Denmark

40,000

Bulgaria

30,000

Czech Rep

30,000

UK

20,000

Total 

1,900,000