Market Trends of france e-bike Industry
France's E-Bike adoption rates indicate a robust growth, reflecting an expanding market and increasing popularity.
- Bicycle sales in France have grown significantly over the past few years. The increasing number of health-conscious consumers, high traffic congestion on the roads during peak hours, and increasing government practices to promote e-bicycles and protect the environment are improving the adoption of e-bicycles in the country. Reduced fuel costs and eco-friendliness of these bikes also accelerated their adoption rate by 2.60% in 2019 over 2018.
- The COVID-19 pandemic in the country positively impacted e-bike sales. People preferred using their personal vehicles for daily commutes and avoided public transportation due to the fear of contracting the virus during the pandemic, which further accelerated the sales of e-bikes in France. As a result, the adoption of e-bikes in the country grew by 19.60% in 2020 over 2019.
- The relaxation of COVID-19 restrictions due to a drop in the number of cases also led to the resumption of businesses and offices, which also contributed to the growth of the e-bike market in the country in Q1 2022. Companies are launching e-bikes with high-tech features, long battery ranges, higher speed limits, and fast charging features, thus encouraging consumer interest in the market. During the forecast period, the country is expected to see a growth of 80% in the adoption of e-bikes.
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France demonstrates a steady increase in the percentage of commuters traveling 5-15 km daily, indicating evolving commuting habits.
- The country has witnessed a significant increase in bicycle demand in recent years, with rising interest in bicycles as a mode of commute among consumers. Though the demand for e-bikes is rising, the daily commute to offices and marketplaces within the range of 5-15 km is still low compared to other modes of transportation. Most people prefer personal automobiles for daily commutes. In 2020, only 3% of the workers across France opted for bicycles for daily commutes.
- In 2020, the COVID-19 pandemic in France led to the closure of public transportation and gyms, along with offices and business operations. Therefore, people developed the habit of daily cycling during lockdowns, which continued in 2021. People are choosing to use e-bicycles to commute to their offices, businesses, and nearby locations, which raised the number of commuters in the range of 5-15 km by 0.3% in 2021 over 2020. The availability of e-bikes with modern battery packs that offer a greater range of up to 40-45 km is also increasing the demand from consumers who commute within the range of 5-15 km every day.
- In 2022, many users commuted daily by bicycle to their workplaces. A growing number of people are choosing to travel by e-bikes, mainly due to their health benefits, no emissions, and time savings. The developments in the bicycle infrastructure are also boosting the demand for e-bikes in the country. In September 2021, French Prime Minister Elisabeth Borne granted EUR 250 million to improve bike infrastructure and provide cycling classes for 800,000 schoolchildren. Such factors are anticipated to improve the use of e-bikes among consumers who travel a distance of 5-15 km daily during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- France's bicycle market shows a fluctuating trend with a recent decline, suggesting a need for market revitalization strategies.
- France's inflation rates display a peak in 2022, with a trend towards stabilization, reflecting effective economic interventions.
- France's e-bike battery prices are on a downward trend, highlighting market growth and increased production scale.
- France's continuous increase in dedicated bicycle lanes showcases the country's initiatives to integrate cycling into the daily fabric of urban life.
- France's E-bike charging time is on a downward trend, indicating the country's commitment to promoting electric mobility and enhancing charging technology.
- France's GDP per capita demonstrates steady growth, indicating a resilient economy and sustained living standards.
- France's bicycle rental market, after a notable rise in 2020, continues to grow steadily, reflecting strong market health and ongoing consumer interest.
- France's hyper-local delivery sector is growing steadily, pointing to a progressive shift in consumer preferences towards local online services.
- France's number of trekkers is on the rise, pointing towards a growing interest in exploring the country's rich natural heritage through trekking.
- France's Traffic Congestion Index shows minor fluctuations, pointing to variable traffic conditions and efforts in managing congestion.
