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Report Overview
The Europe e-bike market reached approximately USD 25.63 billion in 2023. The market is expected to grow at a CAGR of 14.6% between 2024 and 2032 to attain a value of around USD 94.35 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Major players in the Europe e-bike market are increasing their collaboration, partnership, and research and development activities to gain a competitive edge. Investment in production capacity remains strong to enhance manufacturing capabilities across various EU countries. Companies are also responding to the increasing demand for pedal-assisted bikes, which dominate the market due to their practicality and ease of use. Additionally, the market is benefiting from supportive policies under the European Green Deal, which promotes cycling as a sustainable mode of transport.
Key Industry Players
Accell Group
Accell Group, headquartered in the Netherlands and founded in 1998, is one of the leading companies in the European market in the e-bikes segment and the second largest in bicycle parts and accessories. Accell Group provides numerous e-bikes under different brands which target different market segments. The e-bike brands provided by the company include Koga, Winora, Sparta, Cargon and Lapierre.
Riese & Müller GmbH
Riese & Müller GmbH in Europe e-bike market is engaged in manufacturing premium e-bikes, e-cargo bikes, and folding bikes. The company engages in application-oriented product development, innovative e-bike technology, and powerful riding dynamics. The company provides a wide range of e-bikes under different segments which include cargo, compact, commuter, tour, and others.
Powabyke UK Ltd
Headquartered in the UK and founded in 1888, Powerbyke offers a wide range of e-bikes with advanced lightweight nimble alloy frames and powerful lithium battery technology. Powabyke UK Ltd. offers a wide range of e-bikes under its portfolio, including Sinope Step-Through Hybrid 28″ 14ah 85nm, La Rue, Pulze Ladies Electric Bike, and others.
QWIC
Headquartered in the Netherlands and founded in 2006, the company is engaged in developing, manufacturing, and selling innovative electric bicycles for urban commuters. The company has more than 750 sales and service points in the Netherlands, Belgium, Germany, and Austria. QWIC offers numerous e-bikes under four different segments, including Adventure, Comfort, Performance, and Urban. The brands offered by the company include Mira, Premium Q, Premium I and Premium Carrier.
Other key players in the Europe e-bike market include Kalkhoff Werke GmbH, among others.
Europe E-bike Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market value was nearly USD 25.63 billion.
The market is projected to grow at a CAGR of 14.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 87.4 billion by 2032.
The major drivers include the sustainability benefits associated with e-bikes, the health benefits provided by cycling, and the growing popularity of e-cargo bikes.
The key trends aiding the market include growing demand for e-bikes for e-commerce and logistics purposes and expansion of charging infrastructure.
The different types of e-bikes include pedal-assisted and throttle assisted.
The major applications of e-bike include urban, tracking, cargo, and MTB, among others.
The major players in the market include Accell Group, Riese & Müller GmbH, Powabyke UK Ltd, QWIC and Kalkhoff Werke GmbH, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124