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Forecast Year
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.
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.
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.
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.
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.
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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Propulsion Type |
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Breakup by Battery Type |
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Breakup by Power |
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Breakup by Application |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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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The market reached a value of approximately USD 283.22 million in 2023.
The market is projected to grow at a CAGR of 8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 567.73 million by 2032.
The major market drivers include increasing awareness regarding the various environmental and health benefits associated with the usage of e-bikes and growing government support.
The key trends fuelling the growth of the market technological advancements in battery technology to boost the performance of the bikes and rising popularity of e-bike rental services.
The various propulsion types include pedal assisted, speed pedelec, and throttle assisted.
The significant battery types available in the market include lead acid battery and lithium-ion battery, among others.
The key players in the market are 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, and QWIC, among others.
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Australia
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+61 448 06 17 27
India
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+91-858-608-1494
Philippines
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United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
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 287899028, +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
+84865399124
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