Europe Electric Mobility Market Size & Outlook, 2022-2030

The electric mobility market in Europe is expected to reach a projected revenue of US$ 62,045.6 million by 2030. A compound annual growth rate of 13.6% is expected of Europe electric mobility market from 2023 to 2030.
Revenue, 2022 (US$M)
$22,293.1
Forecast, 2030 (US$M)
$62,045.6
CAGR, 2023 - 2030
13.6%
Report Coverage
Europe

Europe electric mobility market highlights

  • The Europe electric mobility market generated a revenue of USD 22,293.1 million in 2022.
  • The market is expected to grow at a CAGR of 13.6% from 2023 to 2030.
  • In terms of segment, chain drive was the largest revenue generating drive type in 2022.
  • Chain Drive is the most lucrative drive type segment registering the fastest growth during the forecast period.
  • Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.

Europe data book summary

Market revenue in 2022USD 22,293.1 million
Market revenue in 2030USD 62,045.6 million
Growth rate13.6% (CAGR from 2022 to 2030)
Largest segmentChain drive
Fastest growing segmentChain Drive
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBelt Drive, Chain Drive, Hub Drive
Key market players worldwideBayerische Motoren Werke AG, Honda Motor Co Ltd, Gogoro Inc, PIERER Mobility AG, Mahindra & Mahindra Ltd DR, Ninebot, Suzuki Motor Corp, Terra Motors, Yamaha Motor Co Ltd, Vmoto

Other key industry trends

  • In terms of revenue, Europe region accounted for 20.4% of the global electric mobility market in 2022.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • North America is the fastest growing regional market and is projected to reach USD 21,040.3 million by 2030.

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Electric Mobility Market Companies

Name Profile # Employees HQ Website

Europe electric mobility market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric mobility market will help companies and investors design strategic landscapes.


Chain drive was the largest segment with a revenue share of 49.15% in 2022. Horizon Databook has segmented the Europe electric mobility market based on belt drive, chain drive, hub drive covering the revenue growth of each sub-segment from 2018 to 2030.


  • Europe Electric Mobility Drive Type Outlook (Revenue, USD Million, 2018-2030)
    • Belt Drive
    • Chain Drive
    • Hub Drive
  • Europe Electric Mobility End-Use Outlook (Revenue, USD Million, 2018-2030)
    • Personal
    • Commercial
  • Europe Electric Mobility Battery Outlook (Revenue, USD Million, 2018-2030)
    • Lead-acid Battery
    • Lithium-ion Battery
    • Others

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  • Our clientele includes a mix of electric mobility market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe electric mobility market , including forecasts for subscribers. This continent databook contains high-level insights into Europe electric mobility market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe electric mobility market size, by country, 2018-2030 (US$M)

Europe Electric Mobility Market Outlook Share, 2022 & 2030 (US$M)

Europe electric mobility market size, by country, 2018-2030 (US$M)

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