electric bike sales were up in 2011, did the increase continue through 2012?

Asgard like to keep on top of the cycle market, Research from last year has shows Electric bike sales increased in 2011 did they continue to rise in 2012?

Electric bikes continue to amaze. In particular, the sale of e-bikes in the number one market of Europe; the Netherlands. Or has Germany taken over the leading role in sales in this particular bike catergory? 2011 e-bike sales in the biggest economy of Europe are estimated at around 200,000 units. Holland – the number 5 economy of the 27 EU member states – did only slightly less. 178,000 were sold; up 7% on the figure for 2010.

This ongoing growth is amazing. In particular for the professionals in the Dutch bike sector. Most of them reckoned that sales would level off as the first signs of saturation were supposed to kick in. That didn’t happen.

Despite a very cold 2010 – 2011 winter that hampered bike sales during the first months of last year; the end of the year tally of e-bikes sold still shows a healthy figure. Even more amazing when the very wet summer of 2011 is taken into account.

During July and August sales of regular city bikes were really badly hurt. Drops of 25% to 30% were recorded when the number of bikes sold were compared to the period for 2010. But, evidently the rain showers during last year’s summer didn’t affect the high spirits of the e-bike buyer. And that didn’t happen only in Holland.

Germany also suffered from a very wet and cold summer. But, e-bikes continued to be sold in big numbers. The biggest bike maker in the country – Derby Cycle – managed to double its sales of electric bikes to close to 90,000 units.

Electric bikes took up 15% of all bike sales in Holland in 2011. Such a market share, which is expected to grow even further in the coming years, calls for organizing a Dealer Congress. And that’s exactly what Bike Europe’s sister magazine Tweewieler did (for the second time) last December.

Head of Insight at Halfords, Debbie Preston explained: “The UK bicycle industry is in need of broader total market and sales analysis and at Halfords we are delighted to support GfK with their initiative.”  But of course specialist chains and IBDs will be included on the panel – and GfK is calling for retailers to get involved in this important project.  As well as doing their bit to ensure that the research accurately reflects the market, any retailer signing up to the panel will be provided with monthly sales figures (units and value) on the key market trends. This will, of course, give store owners the advantage of being able to more accurately see and predict market trends. All information provided to GfK will be held in the strictest confidence.  Business Group Director at GfK, Daniel Fearnley said: “We are delighted to be entering this new industry, particularly at a time when there is such a heightened buzz around cycling. It is important for us to stress that our service ensures retailer confidentiality and that by supplying your data you will, in return, receive regular research on the bicycles market free-of-charge.”  As part of the move by GfK, BikeBiz will also publish regular extracts from the GfK reports.  “This is an incredibly exciting initiative for the UK cycling industry,” said BikeBiz managing editor Lisa Foster. “The market has long suffered from a lack of real stats, so I’m sure the whole industry will welcome the arrival of GfK in the sector.  “We’re delighted to be working with GfK to give a snapshot of the market via its reports, and we urge as many retailers as possible to get involved with the panel to ensure that the data accurately reflects what is one of the fastest growing sectors on the UK High Street.”  GfK is one of the world’s leading market research companies, with more than 11,000 experts working to discover new insights into the way people live, think and shop, in over 100 countries, every day. GfK is constantly innovating and using the latest technologies and the smartest methodologies to give its clients the clearest understanding of the most important people in the world: their customers.  GfK already provides market data on the bike industry in Holland, giving local retailers and suppliers accurate sales research on a monthly basis.

 

As I am the editor of Tweewieler too I was happy to be involved in organizing that Congress. In this issue of Bike Europe you can find a comprehensive report on this event that was visited by close to 300 bike professionals.

To sum up some of the important conclusions of this e-Mobility Congress; e-bike sales in the Netherlands will grow to a 25% market share in the coming years. This means that the market will grow to about 300,000 units.

Another conclusion was that by 2020 another e-bike category will have emerged which is expected to spike sales even more than e-bikes are doing now in Holland and Germany (and soon also in the rest of Europe). That category is made up by an electric vehicle that is a kind of cross-over of an e-bike and an e-scooter. The motorcycle industry is also convinced that such a new category will impact the market in the coming years; see the report on the ACEM conference elsewhere in this issue.

Store electric bikes and more in an Asgard cycle shed

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 1,867 other followers

%d bloggers like this: