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Report Overview
The Europe e-bike market reached approximately USD 25.63 Billion in 2024. The market is expected to grow at a CAGR of 14.60% between 2025 and 2034 to attain a value of around USD 100.14 Billion by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe E-Bike Market Regional Analysis
The German market is expected to grow at a CAGR of 17.5% in the forecast period. In Germany, e-bikes are the most popular type of electric transportation as they are not only sustainable but also serve as a form of exercise and recreation. The increasing preference for affordable and sustainable personal mobility solutions has boosted the Europe e-bike industry revenue. According to industry reports, 48% of the households in the country owned electric bikes in 2022.
| CAGR 2024-2032 - Market by | Country |
| Germany | 17.5% |
| United Kingdom | 15.3% |
| France | XX% |
| Italy | XX% |
| Others | XX% |
In August 2022, the French government announced incentives up to USD 4073 to enable citizens to buy an electric bike. This grant, applicable to lower-income households in low-emission urban zones, aims to bolster active mobility and reduce pollution in the country, further increasing the growth of the Europe e-bike industry. Long-term rental services such as Véligo Location offering extended rentals of e-bikes and e-cargo bikes at a cost-effective price are supporting the adoption of electric bikes in the country.
In Spain, the infrastructure of bike-sharing services and the presence of e-bike manufacturers expand the Europe e-bike market growth. With start-ups like Rayvolt in the country, the availability of innovative and aesthetic e-bikes with advanced technologies, high efficiency, low noise levels, and features like regenerative braking, among others, is increasing, influencing the Europe e-bike market dynamics and trends.
Countries like Sweden, Denmark, and Norway are experiencing slower but steady adoption of e-bikes. In colder climates, the adoption rate is not as high as in southern Europe due to harsh weather conditions affecting battery performance and road usability in winter months. In 2023, 87% of cars sold in Norway were electric, which offers a positive avenue for the usage of e-bikes.
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 2024, the market value was nearly USD 25.63 Billion.
The market is projected to grow at a CAGR of 14.60% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach around USD 100.14 Billion by 2034.
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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