Expert Market Research Explores the Top 5 Companies in the Europe E-Bike Market

The Europe e-bike market reached a value of USD 25.63 billion in 2023. The market is projected to grow at a CAGR of 14.6% between 2024 and 2032 to reach around USD 94.35 billion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the supportive government policies, development of EV charging infrastructure, and new launches.

The European e-bike market is witnessing a surge in pedal-assisted e-bikes, driven by the growing health-consciousness among consumers. These bikes offer ergonomic designs, enhancing comfort and reducing strain on wrists and necks. Versatile models cater to diverse needs, with some integrating IoT and real-time tracking for theft prevention. Additionally, throttle-equipped electric bikes address both health and efficiency needs, supported by government regulations like UK's L1e for enhanced security compliance.

Further, increasing infrastructure development is supporting the market growth for e-bikes in the region. On average European Union (EU) had 106 publicly accessible EV charging points per 100,000 people in 2022 . The Netherlands accounts for the highest publicly available charging points per 100,000 people, with about 577 electric charging stations. Followed by Luxembourg, Austria, Sweden and Denmark accounting for 308, 240, 228 and 200 per 100,000 inhabitants.

In February 2024, Riese & Müller launched its new entry-level model, Riese & Müller Carrie. It is a compact and modular cargo e-bike designed for urban living, offering versatility and ample storage space for daily activities. Equipped with a Bosch Performance Line motor and a PowerPack battery, it provides reliable assistance and can be upgraded for extended range. Additional features include a suspension seatpost for comfort, MIK system for attaching child seats, and optional RX Chip for connectivity, enabling innovative digital features and access to Riese & Müller's RX Services.

Top 5 E-Bike Companies in Europe:

Accell Group

Accell Group, established in 1998 and based in the Netherlands, is a prominent player in Europe's e-bike sector and ranks as the second-largest in bicycle components and accessories. The company offers a diverse range of e-bikes across various market niches under brands like Koga, Winora, Sparta, Cargon, and Lapierre. Headquartered in the Netherlands, Accell Group has established itself as a key player in the European cycling industry, particularly renowned for its innovative e-bike offerings catering to different consumer segments.

Riese & Müller GmbH

Riese & Müller is a premium German manufacturer founded in 1993 by Markus Riese and Heiko Müller. The company specialises in e-bikes, e-cargo bikes, and folding bikes. Located in Weiterstadt near Darmstadt, the company employs over 350 individuals. Renowned for its innovative e-bike technology and dynamic riding experiences, Riese & Müller shapes the future of e-mobility products. With a global footprint, the brand exclusively distributes its products through a network of specialised dealers.

Powabyke UK Ltd

Powabyke UK Ltd has two decades of experience in electric bikes and trikes. The company has been continuously enhancing its range to maintain its industry-leading status. It has over 45,000 units sold, and Powabyke is renowned for its reliable performance. Partnering with dealers nationwide, Powabyke offers convenient assembly options, including home service by trained mechanics. In 2010, the company introduced the conv-e electric conversion kit, allowing any standard bike to be easily transformed into an electric one, showcasing its commitment to innovation.

QWIC

Established in 2006 and based in the Netherlands, the company focuses on creating, producing, and marketing cutting-edge electric bicycles tailored for urban commuters. The company has over 750 sales and service outlets across the Netherlands, Belgium, Germany, and Austria. QWIC offers a diverse range of e-bikes across four distinct segments: Adventure, Comfort, Performance, and Urban. Its brand lineup comprises Mira, Premium Q, Premium I, and Premium Carrier, showcasing QWIC's commitment to innovation and meeting various consumer preferences in the electric bike market.

Kalkhoff Werke GmbH

Kalkhoff was established in 1919. The company evolved from a humble postman to a global pioneer in cycling and e-mobility. The company is known for innovation, quality, and dedication to German manufacturing, and Kalkhoff bikes are developed and tested in-house in Cloppenburg. The company has a presence in over 30 countries and continues to lead with innovations like serial production of e-bikes since 2007, mid-mounted motor e-bikes, and pioneering shiftsensor technology. Kalkhoff remains committed to advancing the German bike industry through ongoing innovations.