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United Kingdom E-bike Market

United Kingdom E-bike Market Size, Price, Trends, Forecast: By Propulsion Type: Pedal Assisted, Speed Pedelec, Throttle Assisted; By Battery Type: Lead Acid Battery, Lithium-ion Battery, Others; By Power: Up to 250W, More Than 250W; By Application: City/Urban, Trekking, Cargo, Others; Market Dynamics; Competitive Landscape; 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

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:

  • Propulsion Type
  • Battery Type
  • Power
  • Application
Breakup by Propulsion Type
  • Pedal Assisted
  • Speed Pedelec
  • Throttle Assisted
Breakup by Battery Type
  • Lead Acid Battery
  • Lithium-ion Battery
  • Others
Breakup by Power
  • Up to 250W
  • More Than 250W
Breakup by Application
  • City/Urban
  • Trekking
  • Cargo
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

*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.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Global E-bike Market Overview

    8.1    Key Industry Highlights
    8.2    Global E-bike Historical Market (2018-2023) 
    8.3    Global E-bike Market Forecast (2024-2032)
    8.4    Global E-bike Market Share by Region
        8.4.1    North America
        8.4.2    Europe
        8.4.3    Asia Pacific
        8.4.4    Latin America
        8.4.5    Middle East and Africa
9    United Kingdom E-bike Market Overview
    9.1    Key Industry Highlights
    9.2    United Kingdom E-bike Historical Market (2018-2023) 
    9.3    United Kingdom E-bike Market Forecast (2024-2032)
10    United Kingdom E-bike Market by Propulsion Type
    10.1    Pedal Assisted
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Speed Pedelec
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Throttle Assisted
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
11    United Kingdom E-bike Market by Battery Type
    11.1    Lead Acid Battery
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Lithium-ion Battery
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Others
12    United Kingdom E-bike Market by Power
    12.1    Up to 250W
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    More Than 250W
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
13    United Kingdom E-bike Market by Application
    13.1    City/Urban
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    Trekking
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Cargo
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Electric Bike Store Ltd. (Volt) 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Brompton Bicycle Ltd. 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Accell Group N.V. 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Giant Bicycle, Inc. 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Tandem Group Cycles 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Powabyke UK Ltd. 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Karbon Kinetics Ltd. 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Cycling Sports Group, Inc. (Cannondale) 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Trek Bicycle Corporation 
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    QWIC 
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global E-bike Market: Key Industry Highlights, 2018 and 2032
2.    United Kingdom E-bike Market: Key Industry Highlights, 2018 and 2032
3.    United Kingdom E-bike Historical Market: Breakup by Propulsion Type (USD Million), 2018-2023
4.    United Kingdom E-bike Market Forecast: Breakup by Propulsion Type (USD Million), 2024-2032
5.    United Kingdom E-bike Historical Market: Breakup by Battery Type (USD Million), 2018-2023
6.    United Kingdom E-bike Market Forecast: Breakup by Battery Type (USD Million), 2024-2032
7.    United Kingdom E-bike Historical Market: Breakup by Power (USD Million), 2018-2023
8.    United Kingdom E-bike Market Forecast: Breakup by Power (USD Million), 2024-2032
9.    United Kingdom E-bike Historical Market: Breakup by Application (USD Million), 2018-2023
10.    United Kingdom E-bike Market Forecast: Breakup by Application (USD Million), 2024-2032
11.    United Kingdom E-bike Market Structure

Key Questions Answered in the Report

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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