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Bike Industry ready for E-bike boom

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MAARSSEN, the Netherlands – The E-bike is on the brink of a general break-through on the market. After the Asian, all indicators show that the Europeans are ready to buy this product massively. The Bike-Europe poll reveals that the bike industry

MAARSSEN, the Netherlands – The E-bike is on the brink of a general break-through on the market. After the Asian, all indicators show that the Europeans are ready to buy this product massively.

The Bike-Europe poll reveals that the bike industry beliefs in a bright future of this segment. 78% of the voters said ‘Yes’ on our question: ‘do you expect that e-bikes will be a best seller in the next years’. Even 63.6% of all voters have adjusted their business plan to get to most profit out of the e-bike boom. The remaining group of 22% does not believe in the e-bike.

The financial market does believe in a profitable future of e-bikes. Last April, SNS Securities upgraded the rating of Accell Group from Add to Buy. According to this equity analyst, investors were underestimating the growth potential of this company, especially because of the expected success of electric bikes in Germany. In just two months time the price of Accell’s shares went up from € 26.97 to € 31.50 (+14.4%).

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