United Kingdom E-bike Market Report and Forecast 2024-2032

United Kingdom E-bike Market Outlook

The United Kingdom e-bike market size reached approximately USD 283.22 million in 2023. The market is further projected to grow at a CAGR of 8% between 2024 and 2032, reaching a value of USD 567.73 million by 2032.

Key Trends in the Market

E-bike also termed as electric bike, is an electric powered bicycle equipped with an electric motor which assists propulsion. The motor gets power from the rechargeable battery that is mounted on the bike. The bicycle can be driven both with the help of electricity as well as by pedalling.

• Growing environmental concerns have increased the United Kingdom e-bike market demand  for short distance commute or travels. These bicycles offer low carbon and act as an eco-friendly alternative to traditional vehicles, boosting their adoption among environment conscious population of the country.

• Innovation and advancements in the battery technology such as development of batteries with reduced charging time have improved the performance and efficiency of electric bikes, bolstering consumer convenience. This has resulted in an increased adoption of e-bikes for commute and recreational riding in the United Kingdom.

• Increased presence of e-bike rental services in the United Kingdom is another major factor supporting the market expansion. These subscription-based services allow customers to choose the plan best suited to their requirements, arrange for the delivery or pick-up of the bike, provide free maintenance, and are cost efficient.

United Kingdom E-bike Market Analysis

Based on propulsion type, the market is divided into pedal assisted, speed pedelec, and throttle assisted. By battery type, the market is categorised into lead acid battery, and lithium-ion battery, among others. On the basis of power, the market is bifurcated into up to 250W and more than 250W. Based on application, the United Kingdom e-bike market segmentation includes city/urban, trekking, and cargo, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Electric Bike Store Ltd. (Volt)

• Brompton Bicycle Ltd.

• Accell Group N.V.

• Giant Bicycle, Inc.

• Tandem Group Cycles

• Powabyke UK Ltd.

• Karbon Kinetics Ltd.

• Cycling Sports Group, Inc. (Cannondale)

• Trek Bicycle Corporation

• QWIC

• Others

Market Share by Propulsion Type

Pedal assisted propulsion is expected to account for a significant United Kingdom e-bike market share over the forecast period. It has a motor attached it to it which kicks in to amplify the pedalling efforts of the user leading to a smooth and less jarring boost. The ability to choose the level of assistance required is a major factor for the growing adoption of pedal assisted e-bikes over their counterparts. Due to the provided motor assistance, the strain on the components of the e-bike is reduced, resulting in decreased maintenance costs.

Market Share by Battery Type

Lithium-ion batteries held a significant share of the market during the historical period and is expected to grow rapidly over the forecast period as well. This growth can be attributed to the increasing awareness about the various advantages associated with the usage of lithium-ion batteries including its lightweight nature and fast charging ability. Consumers prefer lithium-ion batteries over lead acid battery as they have a larger life span and higher energy. Additionally, the low maintenance of lithium-ion batteries is further increasing their adoption and supporting the United Kingdom e-bike market growth.

Competitive Landscape

Brompton Bicycle Ltd. was founded in 1976 and is headquartered in London, United Kingdom. The bicycle manufacturing company designs and sells portable and folding bicycles and accessories including saddles and seat posts, among others.

Accell Group N.V. is a bicycle company that was founded in 1998 and is headquartered in Heerenveen, Netherlands. The company is known for making bicycles and parts of bicycle, among other accessories for consumers across the globe.

Giant Bicycle Inc. was established in 1972 and has its headquarters located in Taichung City, Taiwan. The sporting goods manufacturing company produces high quality bikes at an affordable price and has pioneered advancements in composite and aluminium engineering.

Other United Kingdom e-bike market key players include Electric Bike Store Ltd. (Volt), Tandem Group Cycles, Powabyke UK Ltd., Karbon Kinetics Ltd., Cycling Sports Group, Inc. (Cannondale), Trek Bicycle Corporation, and QWIC, among others.

Key Highlights of the Report