The United Kingdom E-bike Market is segmented by Propulsion Type (Pedal Assisted, Speed Pedelec, Throttle Assisted), by Application Type (Cargo/Utility, City/Urban, Trekking) and by Battery Type (Lead Acid Battery, Lithium-ion Battery, Others). Market Volume in Units and Market Value in USD is presented. Key data points observed include the number of e-bike sold by propulsion, application type for each propulsion type; and, battery type for each propulsion type.

In 2024, more than one in ten new bicycles sold in the United Kingdom were expected to be electric bikes. As of 2015, this figure had stood at fewer than one in one hundred bikes. By 2029, more than every fifth bike sold is expected to be an e-bike.

The Europe E-bike Market is segmented by Propulsion Type (Pedal Assisted, Speed Pedelec, Throttle Assisted), by Application Type (Cargo/Utility, City/Urban, Trekking), by Battery Type (Lead Acid Battery, Lithium-ion Battery, Others) and by Country (Austria, Belgium, Czech Republic, France, Germany, Italy, Luxembourg, Netherlands, Poland, Spain, Switzerland, UK, Rest-of-Europe). Market Volume in Units and Market Value in USD is presented. Key data points observed include the number of e-bike sold by propulsion, application type for each propulsion type; and, battery type for each propulsion type.

In England, 44 percent of the population did not plan on buying a new bicycle as of 2020. Most of those planning to purchase a bike were unlikely to use an electric bicycle, compared to 19 percent considering themselves fairly or very likely to try an e-bike. To put this in context, bicycle sales and interest in e-bikes have increased during the Covid-19 pandemic.

The largest market for electric bicycles in Europe in 2023 was Germany, where 2.1 million new e-bikes were sold. France recorded the second-highest European sales, at just over a third of the sales volume of Germany. Despite its significantly smaller population but with a strong cycling culture, the Netherlands is the third largest e-bike market. German bike sales peaked during the pandemic bicycle boom As did many other countries around the world, Germany saw a spike in bicycle sales during the first year of the COVID-19 pandemic. In 2020, over five million bikes were sold in the country, around 39 percent of which were e-bikes. Bicycle sales fell to 4 million units by 2023. E-bikes now make up a larger part of the market than ever, making up 53 percent of all new bike sales in 2023. E-bikes now dominating the Dutch market While the Dutch bicycle market is not as large as in neighboring Germany, e-bikes were adopted much more quickly in the country famous for its extensive bicycle infrastructure and love of cycling. E-bikes made up half of all bicycle sales for the first time in 2020 and their share in the market has grown to 57 percent since then.

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E-Bike Battery Market Size 2025-2029

The e-bike battery market size is forecast to increase by USD 1.63 billion at a CAGR of 4.6% between 2024 and 2029.

The market is witnessing significant growth due to several key factors. One of the primary drivers is the longer shelf life of lithium-ion batteries compared to other battery technologies. This extended battery life makes e-bikes an attractive alternative to traditional bicycles and cars, as they offer a more sustainable and cost-effective transportation solution. Another trend influencing the market is the continuous advancements in e-bike designs. 
Manufacturers are focusing on improving battery efficiency, reducing weight, and increasing power output to meet the growing demand for more powerful and longer-lasting e-bikes. However, the market also faces challenges such as lead pollution and stringent laws. However, lead-acid and nickel batteries continue to find applications in specific niches due to their affordability and reliability.
Governments and environmental organizations are increasing their efforts to reduce lead pollution from batteries, which may lead to higher production costs and potential regulatory hurdles for e-bike manufacturers.

What will be the Size of the E-Bike Battery Market During the Forecast Period?

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The market is experiencing strong growth, driven by the increasing popularity of electric bicycles worldwide. E-bikes, which offer pedal-assist and throttle options, cater to various riding styles and terrains, including mountain, trekking, cargo, and luggage transport. Lithium-ion batteries dominate the market due to their high energy density, long cycle life, and compact size. 
E-bike battery sales are on an upward trajectory, fueled by advancements in battery technology, increasing consumer awareness, and government incentives. High-capacity batteries enable longer riding ranges and enhance the overall e-biking experience.
Furthermore, the market for battery accessories, including chargers and protective cases, is expanding to cater to the growing e-bike user base. Overall, the market is poised for significant growth, offering opportunities for investors and stakeholders alike.

How is this E-Bike Battery Industry segmented and which is the largest segment?

The e-bike battery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Offline
  Online


Battery Type

  Lithium-ion battery
  Lead acid battery
  Others


Variant

  Mid motor
  Hub motor


Fitment

  Down tube
  In frame
  Rear carrier


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France
    Italy


  North America

    Canada
    US


  South America



  Middle East and Africa

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. The offline segment holds the largest market share In the market. Consumers prefer purchasing e-bike batteries from offline stores due to their convenience and economic pricing. Hypermarkets and supermarkets are popular offline retail channels, offering a wide range of e-bike batteries from various brands under one roof. Specialty stores and department stores are also significant retail outlets, catering to specific consumer segments and providing personalized customer service. Companies prioritize organized retail strategies, considering factors such as inventory management, merchandise transportation, and ease of production. Offline stores offer a diverse selection of e-bike batteries, enabling consumers to make informed decisions based on their requirements and budget.

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The offline segment was valued at USD 2.99 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 85% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in APAC, led by China, Japan, Vietnam, and India, has experienced significant growth due to increasing e-bike sales and government initiatives to promote clean transportation. In China, the largest market In the region, e-bikes have gained popularity as a solution to traffic congestion and accidents in urban areas. However, the market growth showed signs of slowing down after a decade of expansion. In May 2018, the Chinese government implemented national standards to differentiate e-bikes and e-motorc

According to Cognitive Market Research, the global Folding electric bicycle market size will be USD 166.8 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.20% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 66.72 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 50.04 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 38.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.3% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 8.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 3.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031.
The offline channel held the highest folding electric bicycle market revenue share in 2024.

Key driver for the Folding Electric Bicycle Market

Enforcing Government Regulations to Promote the Use of Bicycles to Increase the Demand Globally

Around the world, governments are acting to reduce the congestion that comes from moving cars. Additionally, they are trending more in the direction of using renewable energy for transportation. The folding bike market has benefited from this feature worldwide. The global market for bicycles has also grown as a result of the introduction of numerous folding bike concepts by manufacturers like Brompton Bicycle Ltd., Raleigh UK Ltd., Montague Corporation, Pacific Cycles, Vilano Bikes, and Giant Bicycles.

Furthermore, Raleigh UK Ltd. is well-positioned to offer their product customer the added insurance value that comes with having access to electric bikes. An increase has also aided the development of bicycle infrastructure in government-sponsored projects, which has expanded the market for folding bikes. In order to promote and facilitate the construction of bicycle infrastructure across the country, the Indian government launched the "National Public Bicycle Scheme." Government policies and programs will be put into place throughout the forecast period, which will support the growth of the foldable bike market globally.

Customer Attitude Towards e-Bikes as an Eco-Friendly and Effective Solution to Propel Market Growth

The constant increase in the amount of carbon dioxide released into the atmosphere as a result of fuel combustion has been a major concern for governments and environmentalists from the beginning of the last few decades. The market for folding bicycles is growing as a result of the increased demand for electric cars on a global scale.

To aid in the development of the infrastructure, manufacturers have also produced folding bikes with electric motors. Some of the most well-known brands of electric-propelled folding bikes available today include Greg LeMond, Canyon, Blix Packa Electric Cargo Bike, and Tern's New GSD. Customers from all over the world have indicated a desire for these bikes.

Furthermore, the main advantage of electric folding bikes is that their electric system is built right into the frame, saving space that would otherwise be required for a separate area reserved for this purpose. Therefore, over time, the infrastructure of foldable bikes will be supported by consumers' preference for using electric bicycles as an efficient and environmentally beneficial form of transportation.

Restraints of the Folding Electric Bicycle Market

High Price of Folding Electric Bicycles to Limit the Sales

The price of an electric bicycle is one of the primary factors holding back the rapid growth of the folding bicycle business. The cost of the battery and the technology now in use make electric folding bikes more expensive than regular bicycles. The reason for this is that conventional bicycles are not foldable. Because traditional bicycles are more versatile than electric folding bikes, this has led to consumer preference for the former.

Traditional folding bicycles are also gaining popularity around the world due to their many advantages, which include being more affordable and b...

The UK electric bicycle industry is anticipated to grow steadily, with a CAGR of 5.00% from 2025 to 2033. The market was valued at XX million in 2025 and is projected to reach XX million by 2033. The growth can be attributed to increasing environmental awareness, government initiatives promoting clean transportation, and the rising demand for cost-effective and convenient mobility solutions. Key market drivers include the growing adoption of electric bicycles for commuting, leisure activities, and cargo transportation. Furthermore, technological advancements, such as lightweight materials, long-lasting batteries, and efficient motors, are improving the performance and functionality of electric bicycles, making them more attractive to consumers. The industry is also characterized by a competitive landscape with established players and emerging startups focusing on innovation and product differentiation. Recent developments include: December 2022: Volt Bikes and City AM collaborate for the Launch of an ESG-Focused Project. Impact AM is a brand-new division of City AM that specializes in environmental, social, and governance issues.November 2022: The Tandem Group opens eMobility sales and demo showroom, the Launched under the Electric Life banner the space will be found in Birmingham, located off the M6 in Castle Vale.November 2022: The Stormguard E+, a full-suspension e-bike, is unveiled by Giant. The bicycles will be available for purchase in Europe in 2023 and will cost 7,999 Euros for the E+1 and 6,499 Euros for the E+2.. Key drivers for this market are: The Growth of The Global Automotive Turbocharger Market. Potential restraints include: Increasing Complexity of Modern Vehicles. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The European e-bike market is experiencing robust growth, driven by increasing environmental awareness, government incentives promoting sustainable transportation, and the rising popularity of cycling as a recreational activity. The market's Compound Annual Growth Rate (CAGR) of 24.50% from 2019-2024 suggests a significant expansion, and this momentum is expected to continue through 2033. Several factors contribute to this positive trajectory. Firstly, advancements in battery technology, particularly the increasing adoption of lithium-ion batteries, are enhancing e-bike performance and range, addressing previous consumer concerns. Secondly, the diversification of e-bike types, encompassing pedal-assisted, speed pedelecs, and throttle-assisted models catering to diverse needs (cargo, city, trekking), broadens market appeal. Germany, the United Kingdom, France, and the Netherlands are major contributors to the European market's success, reflecting well-established cycling infrastructure and consumer demand. However, potential restraints include the initial high purchase price of e-bikes compared to traditional bicycles and concerns regarding battery lifespan and disposal. Nevertheless, ongoing technological improvements, increased government subsidies and the growing adoption of e-bikes for commuting purposes are expected to mitigate these challenges, sustaining a strong growth trajectory. The competitive landscape is characterized by a mix of established bicycle manufacturers like Accell Group, Giant Manufacturing, and Trek Bicycle Corporation, alongside specialized e-bike companies such as VanMoof and Riese & Müller. These players are actively engaged in product innovation, strategic partnerships, and expansion efforts to solidify their market positions. The market segmentation by propulsion type (pedal-assisted, speed pedelecs, throttle-assisted) and application (cargo, city/urban, trekking) further reveals consumer preferences and opportunities for targeted product development. Looking ahead, the European e-bike market is projected to maintain its upward trajectory, driven by a combination of technological advancements, policy support, and evolving consumer preferences towards eco-friendly and healthy transportation solutions. The continued focus on improving battery technology, expanding charging infrastructure, and addressing consumer concerns regarding safety and maintenance will be key factors influencing future market growth. Comprehensive Coverage Europe E-bike Market Report (2019-2033) This comprehensive report provides an in-depth analysis of the burgeoning Europe e-bike market, offering invaluable insights for businesses, investors, and policymakers. Leveraging data from the historical period (2019-2024), base year (2025), and projected forecast period (2025-2033), this report illuminates the market's dynamics, growth drivers, and future trajectory. The study period covers 2019-2033, providing a complete picture of the market's evolution. The report segments the market across key parameters, evaluating the performance of major players and providing detailed forecasts valued in millions. Note: I cannot provide direct website links as I do not have access to real-time web data. The inclusion of website links would require a separate web search. Recent developments include: December 2022: Volt Bikes and City AM collaborate for the Launch of an ESG-Focused Project. Impact AM is a brand-new division of City AM that specializes in environmental, social, and governance issues.November 2022: The Stormguard E+, a full-suspension e-bike, is unveiled by Giant. The bicycles will be available for purchase in Europe in 2023 and will cost 7,999 Euros for the E+1 and 6,499 Euros for the E+2.August 2022: The S3 Aluminum, a streamlined, high-end e-bike from VanMoof, has been released. Raw welding and a brushed metal frame are all that remains of the S3 Aluminum.. Key drivers for this market are: Exponential Increase in Automotive Sector. Potential restraints include: Digitization of R&D Operations in Automotive Sector. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Electric Bikes Market size was valued at 21.21 USD Billion in 2024 and is projected to reach USD 30.09 USD Billion by 2031, growing at a CAGR of 4.47% from 2024 to 2031.

Electric Bikes Market Drivers

Environmental Sustainability: Electric bikes are a sustainable and eco-friendly mode of transportation that significantly reduces carbon emissions and improves air quality. They contribute to a cleaner and greener environment, making them an attractive option for environmentally conscious consumers.

Health and Wellness Benefits: Electric bikes promote physical activity, improve cardiovascular health, and reduce stress. They offer a fun and convenient way to incorporate exercise into daily routines, leading to a healthier lifestyle.

Economic Advantages: Electric bikes are cost-effective, with lower operating costs compared to traditional gasoline-powered vehicles. They offer significant savings on fuel, maintenance, and parking expenses. Additionally, government incentives and subsidies in many regions further reduce the overall cost of ownership.

Urban Mobility Solutions: Electric bikes are ideal for navigating urban traffic congestion, reducing commute times, and improving overall urban mobility. They are easy to park, store, and maneuver, making them a convenient choice for city dwellers.

The number of electric bicycles sold in Italy reached 416,500 units in 2023, growing by nearly 24 percent compared to the previous year. In fact, this trend is projected to continue, with Italian sales of e-bikes forecast to grow by 2.7 percent between 2023 and 2029. Who is using e-bikes? The Italians most likely to use an an e-bike, including buying, hiring, and borrowing a bike, are between 35 and 44 years old, followed by 45 to 54 year-olds. Italians who are already cycling one to two days a week are most interested in buying or using an e-bike but interest is also relatively high among those who never cycle, compared to more regular cyclists. Electric bicycles may represent a valid solution to fight pollution and to act against global warming. In Italy, this matches the perception that e-bikes are primarily for environmentally-conscious people. Cyling in Italy Over a third of Italians ride a bike at least once a week and cycling is the first choice of transport for short journeys for around 13 percent of Italians. While this does not put Italians among the Europeans most likely to cycle, Italians are more likely to cycle than people in France or the UK.

Electric Transporters Market size was valued at USD 51.60 Billion in 2023, is projected to reach USD 101.87 Billion in 2030, and is expected to grow at a CAGR of 15.69% from 2024 to 2030.

Global Electric Transporters Market Drivers

Environmental Awareness and Regulations: As worries about air pollution and climate change grow, governments all over the world are putting strict rules in place to cut carbon emissions. When compared to conventional fossil fuel-powered cars, electric transporters are a greener choice, which makes them appealing to people and companies trying to reduce their carbon footprint and adhere to environmental laws.

Developments in Battery Technology: The adoption of electric transporters is largely being driven by the ongoing advancements in battery technology. In particular, lithium-ion batteries have improved in efficiency, cost, and energy density, giving electric vehicles greater range and quicker charge periods. The performance and price of electric transporters are anticipated to progressively improve as battery technology advances, making them even more competitive with conventional vehicles.

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Bicycle Market Size 2025-2029

The bicycle market size is forecast to increase by USD 29.08 billion at a CAGR of 7.1% between 2024 and 2029.

The market is experiencing significant growth, driven by several key trends and factors. The increasing number of bicycle sports events worldwide is fueling the demand for high-performance bicycles, particularly in regions with a strong cycling culture. Additionally, the rise of bicycle rental services, particularly in urban areas, is making cycling more accessible and convenient for consumers, leading to increased market penetration. However, the market also faces challenges, such as an increasing number of product recalls due to safety concerns, which can negatively impact consumer trust and market growth. Companies seeking to capitalize on market opportunities should focus on enhancing product safety and quality, while also exploring partnerships with sports events and rental services to expand their customer base. Effective supply chain management and strategic pricing will also be crucial in navigating market challenges and maintaining competitiveness. Overall, the market presents significant growth potential for companies that can effectively address consumer needs and respond to market trends.

What will be the Size of the Bicycle Market during the forecast period?

Request Free SampleThe market encompasses various segments, including mountain bikes, road bikes, hybrid bikes, BMX racing, and adventure sports. This industry experiences significant growth due to increasing consumer preference for eco-friendly personal transportation options. Mountain bikes and road bikes cater to enthusiasts seeking high-performance cycling experiences, while hybrid bikes offer versatility for everyday commuting. Electric cycles, also known as e-bikes, have gained popularity due to their ability to help riders overcome hilly terrain and longer commutes. The rise of electric vehicles and concerns over carbon emissions have contributed to the increasing demand for bicycles as a sustainable alternative to fossil fuel-powered cars. Governments and municipalities worldwide invest in bicycle-friendly infrastructure, such as dedicated lanes and bike paths, further encouraging cycling as a viable transportation option. Technological advancements, including GPS technology and mobile app development, enhance the cycling experience and cater to consumers' lifestyle needs. Lightweight materials and cargo bikes expand the market's reach, offering practical solutions for personal transportation and errands. The bicycle industry continues to evolve, with dockless bicycle-sharing systems and bicycle-sharing companies revolutionizing urban mobility. Overall, the market exhibits growth, driven by consumer demand for eco-friendly, cost-effective, and convenient transportation solutions.

How is this Bicycle Industry segmented?

The bicycle industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductOn-road and trackOff-roadX-road and hybridEnd-userAdultsChildrenDistribution ChannelOfflineOnlinePropulsionManual bicyclesMotor-assisted bicyclesTechnologyElectricConventionalGeographyAPACChinaIndiaJapanEuropeFranceGermanyThe NetherlandsUKNorth AmericaUSCanadaMexicoSouth AmericaMiddle East and Africa

By Product Insights

The on-road and track segment is estimated to witness significant growth during the forecast period.The market encompasses various on-road categories, including road bicycles and mountain bikes. Road bicycles, designed for paved roads, feature lightweight frames and thin tires to optimize efficiency and speed. Their geometry and dropped handlebars enable an aerodynamic riding position, making them suitable for experienced cyclists and city touring. Conversely, mountain bikes are engineered for off-road terrain with sturdy frames and wider tires. Additionally, the market includes electric cycles, which provide eco-friendly personal transportation solutions in metropolitan areas plagued by traffic congestion and high fuel prices. These electric bicycles, or e-bikes, incorporate lightweight lithium-ion batteries and pedal assist to reduce carbon emissions, aligning with the trend toward sustainable mobility. Furthermore, the market caters to diverse consumer lifestyles with hybrid models, cargo bikes, and conventional bicycles. Adventure sports enthusiasts can explore nature on mountain bikes, while fitness cycling and urban commuting are popular uses for commuter bikes. Cycling infrastructure, such as bike-sharing services and GPS technology integrated with mobile apps, has made cycling more accessible and convenient. In , the market offers a range of on-road and off-road bicycles, including road bicycles, mountain bikes, electric bicycles, and

The Cycling Industry in Europe is segmented by Type (Road Bicycles, Hybrid Bicycles, All Terrain Bicycles, E-bicycles, and Other Types), Distribution Channel (Offline Retail Stores and Online Retail Stores), and Geography (Spain, United Kingdom, Germany, France, Italy, Netherlands, and Rest of Europe). The report offers the market size in value terms in USD for all the abovementioned segments.

The United Kingdom Lithium-Ion Battery for Electric Vehicles Market Report is Segmented by Vehicle Type (Passenger Vehicles, Commercial Vehicles, and Other Vehicle Types (Bikes, Scooters, Etc. )) and Propulsion Type (Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), and Plug-In Hybrid Electric Vehicle (PHEVs)). The Report Offers Market Sizes and Forecasts in Terms of Value (USD) for all the Above Segments.

According to a July 2021 survey, the age group in Europe most likely to consider buying or using an e-bike in 2021 was 25 to 34-year-olds, as a larger share of this age group reported being likely to buy or use an e-bike. Half of Swedish 18 to 24-year-olds indicated that they were likely to purchase or use an e-bike, the highest level of interest in any age group in Europe. Meanwhile, the lowest interest in e-bikes in Europe was recorded in the UK, where only 17 percent of respondents aged 25 to 34 were likely to use an electric bike, and interest was even lower in other age groups.

Global Electric Mobility Market Size By Product(Electric Car, Electric Scooter, Electric Bike), By Voltage(Less than 24V, 24V, 36V), By Battery(Sealed Lead Acid, NiMH), By Geographic Scope And Forecast

Product Type Segmentation: The Dirt Bike Market is classified into distinct product types: Motocross Motorcycles: Designed specifically for off-road racing, featuring lightweight frames, powerful engines, and advanced suspensions.

Enduro Motorcycles: Offer a balance of motocross performance and off-road capabilities, suitable for both racing and trail riding.

Trail Motorcycles: Provide a more versatile experience, designed for general off-road riding and offering a blend of performance and comfort.

Track-racing Motorcycles: Optimized for speed and handling on dirt tracks, emphasizing acceleration and cornering ability. Recent developments include: September 2022: At the indoor Wheeldon Off-Road Facility in Devon (UK), the EXGB Electric Off-Road Bike Race competition was staged especially for kids.. Notable trends are: Racing and sports events focused on dirt bikes is driving the market growth.

According to Cognitive Market Research, The Global bicycle parts and accessories market size is USD 12.3 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 8.20% from 2023 to 2030.

The demand for Bicycle Parts and Accessories s is rising due totheincreasing use of bicycle as part of fitness and fun activities and rising public bicycle renting programs.
Demand for Offline remains higher in the Bicycle Parts and Accessories market.
The Transmission Parts category held the highest Bicycle Parts and Accessories market revenue share in 2023.
Asia-Pacific Bicycle Parts and Accessories makeup will continue to lead, whereas the North America Bicycle Parts and Accessories market will experience the most substantial growth until 2030.

Emergence of E-Bikes and Technological Advancements to Provide Viable Market Output

One key driver propelling the bicycle parts and accessories market is the rapid emergence of electric bicycles (e-bikes) and continuous technological advancements. E-bikes have gained significant popularity due to their eco-friendly nature and the ability to cover longer distances effortlessly. This has spurred demand for advanced parts and accessories, such as powerful batteries, efficient motors, and innovative navigation systems, driving growth in the market. The ongoing technological innovations in materials, design, and connectivity further contribute to the overall dynamism and competitiveness of the Bicycle Parts and Accessories sector.

In January 2019, Dorel Industries, Inc. is U.K. based company, this company has acquired Circle Bikes and Hot Wheels.

(Source:www.bicycleretailer.com/north-america/2009/10/01/dorel-acquires-uk-distributor)

Increasing Focus on Cycling Infrastructure and Urban Planning to Propel Market Growth

A crucial driver is the growing emphasis on cycling-friendly urban infrastructure and urban planning initiatives. Cities worldwide are recognizing the benefits of cycling for reducing traffic congestion, lowering emissions, and promoting a healthier lifestyle. As a result, there is a heightened focus on developing cycling lanes, bike-sharing programs, and secure parking facilities. This shift in urban planning fosters a conducive environment for cycling, driving the demand for high-quality Bicycle Parts and Accessories to enhance safety, comfort, and overall riding experience. The alignment of market dynamics with urban planning strategies contributes significantly to market expansion.

In 2019, Belgian firm Cowboy launched an innovative e-bicycle comprising features such as road-style geometry, internal cabling, a miniature removable power pack, and others. Moreover, unlike other e-bicycles, cowboy e-bicycle has no power button, no throttle, and no gears.

(Source:www.businesswire.com/news/home/20211122005650/en/Belgium-Based-Cowboy-Launches-e-Bike-With-Spark-Connected-Wireless-Charging-Solution)

Market Dynamics of Bicycle Parts and Accessories

Supply Chain Disruptions and Raw Material Shortages to Restrict Market Growth

One key restraint affecting the Bicycle Parts and Accessories market is the vulnerability to supply chain disruptions and raw material shortages. The global nature of the bicycle industry makes it susceptible to geopolitical tensions, natural disasters, and unexpected events like the COVID-19 pandemic. Such disruptions can lead to delays in manufacturing processes and shortage of key components, impacting the overall production and availability of parts and accessories. The interconnected nature of the supply chain highlights the need for robust risk management strategies and diversification to mitigate the impact of unforeseen challenges.

Impact of COVID–19 on the Bicycle Parts and Accessories Market

The COVID-19 pandemic significantly impacted the bicycle parts and accessories market, leading to both challenges and opportunities. The global disruptions in supply chains, manufacturing, and distribution channels created hurdles for the industry. Lockdowns and restrictions hampered production and slowed down demand, particularly in the initial phases of the pandemic. However, as people sought alternative transportation and outdoor activities, there was a surge in interest in cycling. This shift in consumer behavior towards more sustainable and health-conscious choices provided a unique opportunity for the Bicycle Parts and Accessories market. The industry adapted by empha...

Micro Mobility Market was valued at USD 23.6 Billion in 2023 and is projected to reach USD 80.9 Billion by 2031, growing at a CAGR of 16.64% from 2024 to 2031.

Micro Mobility Market: Definition/ Overview

Micro-mobility refers to small, lightweight vehicles for short-distance transport, such as e-scooters, e-bikes, and electric unicycles, which are often offered through shared mobility services. Micro-mobility solutions are popular for urban commuting, offering easy options for short trips, last-mile connectivity, and lowering congestion and pollution in highly populated areas. The future of micro-mobility is expected to rise due to urbanization, technological developments, and a focus on sustainability. This will lead to more acceptance and integration into public transit networks.