‘E-bike industry needs to invest to meet projected growth’

BRUSSELS, Belgium - Three European cycling industry associations announced a new forecast that the e-bike and bicycle market is expected to expand by almost 50% in 2030 compared with 2019. Taking the current supply chain problems into account, this projected market expansion requires substantial investments to increase component production as well as assembly capacity in the near future.
E-bikes are leading the way in the growth curve which are predicted to expand from 3.7 million bikes sold in 2019 to 17 million in 2030. - Photo Bike Europe