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.

Honda was the leading motorcycle brand in Europe in 2023, accounting for 15.4 percent of all motorcycles sold. Yamaha, the second-largest motorcycle brand in Europe, held a 10.9 percent market share.

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 2020, KTM sold around 72,000 motorcycles to European customers, an increase of some 18.2 percent on the previous year. Meanwhile, Honda's sales volume dropped by around 11.7 percent. Honda is the leading motorcycle brand in Europe.

Europe's electric bicycle market is expected to grow significantly, with projections indicating a 22 percent increase in sales value from 2023 to 2029. The market value is expected to reach nearly 21 billion euros by 2028, reflecting the increasing popularity of e-bikes across the continent. This growth comes despite a recent dip in e-bike prices, which fell to an average of 2,350 euros in 2023 after years of steady increases. Germany leads e-bike sales in Europe Germany stands out as the largest market for electric bicycles in Europe, with 2.1 million new e-bikes sold in 2023. This figure is nearly three times higher than sales in France, the second-largest market. The Netherlands, known for its strong cycling culture, ranks third in e-bike sales despite its smaller population. In Germany, e-bikes now make up 53 percent of all new bike sales, a significant increase from 39 percent in 2020 during the pandemic bicycle boom. E-bike imports to the EU Taiwan constituted the leading supplier of e-bikes to the European Union in 2023, providing nearly 403,000 units, followed by Vietnam with around 192,000 e-bikes. Regular bicycles, meanwhile, are primarily imported from Cambodia and China. The two countries supplied around 819,000 and 527,000 bicycles to the EU in 2023, respectively. The different primary import origins of electric and non-electric bicycles can at least in part be attributed to the EU's anti-dumping duties affecting the cost of importing e-bikes to the EU.

The Europe Bike Sharing Market Report is Segmented by Rental Duration Type (Short-Term and Long-Term), by Application Type (Tourism and Commuting), and by Country (Germany, The United Kingdom, Italy, France, and the Rest of Europe). The Report Offers Market Size and Forecasts for all the Above-Mentioned Segments in Value (USD Billion).

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The e-bike market size in Europe has the potential to grow by 6654.33 thousand units during 2021-2025, and the market's growth momentum will decelerate at a CAGR of 19.51%. This report provides a detailed analysis of the market by technology (lithium-ion battery and sealed lead acid battery), product (pedelecs and S-pedelecs), geography (Germany, the Netherlands, France, and the Rest of Europe), platform (urban e-bikes, trekking e-bikes, eMTBs, cargo e-bikes, and others), and key vendors.

Market Competitive Analysis

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

Accell Group NV
BH BIKES Europe SL
Derby Cycle Holding GmbH
Georg Fritzmeier GmbH & Co. KG
Giant Manufacturing Co. Ltd.
Klever Mobility Europe GmbH
LEADER Ltd.
Riese & Müller GmbH
Yamaha Motor Co. Ltd.
Zhejiang Luyuan Electric Vehicle Co. Ltd.

The e-bike market in Europe is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

The market players also significantly leverage external market drivers such as increasing concern toward health and environment among consumers to achieve growth opportunities. However, factors such as higher cost of e-bikes compared to conventional bicycles will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the e-bike market forecast in Europe report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

This e-bike market analysis in Europe report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

E-bike Market in Europe: Key Drivers and Trends

      Noise pollution caused by vehicles can cause loss of hearing, high blood pressure, and sleep deprivation.
      Vehicular emissions can also lead to respiratory problems and asthma. Currently, controlling vehicular CO2 emissions is the world's greatest environmental concern.
      Consumers across the globe are becoming increasingly aware of the health and environmental hazards caused by vehicles, and are hence, shifting to non-polluting electric vehicles.




      E-bikes are also considered as a mode of physical workout.
      The advantages afforded by cycling makes it feasible for a wide range of people, as it provides motorized assistance in certain situations, such as riding uphill.
      All these factors are expected to impact the revenue and volume of e-bike sales, which, in turn, will drive e-bike market growth during the forecast period. 

E-bike Market in Europe: Segmentation by Geography

38% of the market's growth will originate from the rest of Europe during the forecast period. Germany, The Netherlands and France are the key markets for the e-bike market in Europe.

The governments in European countries are supporting the adoption of bicycles, which is one of the prime factors that will facilitate the e-bike market in Europe growth over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

E-bike Market in Europe: Segmentation by Technology

Li-ion batteries are the most preferred choice among various energy storage systems because of their high-energy density and long cycle time. Also, they weigh less and offer advantages in terms of speed. In addition, BMZ, Europe's largest battery maker, planned to set-up a Li-ion Gigafactory in Europe. Therefore, the growth of the market segment is expected to be significant throughout the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the e-bike market in Europe size.

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E-bike Market in Europe: Key Highlights of the Report for 2021-2025

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will drive e-bike market growth in Europe during the next five years
Precise estimation of the e-bike market size in Europe and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the e-bike industry across Germany, The Netherlands, France, and the Rest of Europe
A thorough analysis of the market's competitive landscape and detailed inform

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.

According to Cognitive Market Research, The global bicycle market size is USD 65.2 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 10.2% from 2023 to 2030.

The demand for bicycle is rising due to the numerous strategies adopted by key participants.
Demand for electric bicycles remains higher in the bicycle market.
The men category held the highest bicycle market revenue share in 2023.
Asia Pacific bicycle will continue to lead, whereas the European bicycle market will experience the most substantial growth until 2030.

Urbanization and Government Initiatives to Provide Viable Market Output

The trend of urbanization is leading to increased demand for bicycles as a practical and efficient mode of transportation in crowded urban areas. Bicycles can be faster and more convenient than cars or public transportation in city traffic, and they take up less space, making them a popular choice for city dwellers. Government initiatives to promote sustainable transportation and reduce carbon emissions are also driving growth in the bicycle market. Governments are investing in infrastructure, such as bike lanes and bike-sharing programs, and providing incentives for consumers to choose bicycles over other modes of transportation, such as tax incentives or subsidies.

For instance, in 2018, Chinese bike-sharing company Mobike was acquired by Meituan-Dianping, a Chinese online food delivery and local services platform. The acquisition allowed Meituan-Dianping to expand its offerings and provide customers with a more comprehensive range of services.

(Source:www.reuters.com/article/us-mobike-m-a-meituan-idUSKCN1HB0DU/)

Increasing Awareness of Health and Fitness and Technological Advancements to Propel Market Growth

Increased awareness of the health benefits of cycling, such as improved cardiovascular health, weight loss, and reduced stress, is driving demand for bicycles. More people are looking for ways to stay active and improve their overall health, and cycling is a convenient and enjoyable way to achieve those goals. Moreover, advancements in bicycle technology, such as e-bikes and other electric-powered bicycles, are driving innovation and growth in the market. E-bikes, in particular, are becoming increasingly popular as they provide an easier and more convenient cycling experience, making cycling accessible to a wider range of consumers.

For instance, in 2020, Specialized launched its Turbo Creo SL e-road bike, which is designed to provide a smooth and efficient ride on both paved and unpaved roads. The bike features a lightweight carbon frame, a powerful motor, and long-lasting battery, making it ideal for both commuting and recreational riding.

(Source:www.bikeradar.com/news/specialized-turbo-creo-sl/)

Increasing traffic congestion in urban areas is driving the demand for bicycles for short distance travelling

Market Dynamics of Bicycle

High Cost, Limited Infrastructure and Weather Conditions to Restrict Market Growth

The high cost of high-end bicycles and e-bikes makes them less accessible to some consumers, which can limit the market's growth potential, particularly in developing countries. In addition, limited infrastructure, such as bike lanes and secure bike parking, can discourage consumers from using bicycles, particularly in areas with high traffic or safety concerns. Weather conditions, such as rain, snow, and extreme heat, can also limit the usability of bicycles and discourage consumers from using them as a mode of transportation. Furthermore, concerns about safety, particularly among new or inexperienced cyclists, can limit the market's growth potential, as accidents involving bicycles and motor vehicles can discourage consumers from using bicycles as a mode of transportation.

Impact of COVID–19 on the Bicycle Market

The COVID-19 pandemic has had a significant impact on the bicycle market. With the pandemic limiting travel and public transportation, more people have turned to bicycles as a safe and sustainable mode of transportation, leading to an increase in bicycle sales, particularly in the entry-level and mid-range segments. However, the surge in demand has also led to a shortage of bicycles in many parts of the world, as manufacturers struggle to keep up with the sudden increase in demand. The e-bike market has seen significant growth during the pandemic, as consumers seek out alternati...

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Folding Electric Bicycle Market Size 2025-2029

The folding electric bicycle market size is forecast to increase by USD 264.9 million at a CAGR of 10.3% between 2024 and 2029.

The market is experiencing significant growth due to several key trends. With increasing traffic congestion in urban areas, there is a rising demand for eco-friendly and efficient transportation solutions. Folding electric bicycles offer a convenient and practical alternative to cars and public transportation. Additionally, the emergence of lightweight and portable folding electric bicycles caters to the needs of consumers who require easy transportation and storage. Another trend influencing market growth is the easy availability of bicycles, making these products more affordable for a larger consumer base. These factors collectively contribute to the growth of the market.

What will be the Folding Electric Bicycle Market Size During the Forecast Period?

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The market is experiencing significant growth as urban commuters seek space-saving transportation options. Riders in metropolitan areas are increasingly turning to folding bikes due to their compact design and ease of use. The bicycle's main frame, rear triangle, and derailleur are engineered to fold, allowing for convenient storage in small spaces such as closets. Rechargeable batteries power these e-bikes, providing riders with a boost when needed. The collapsible frame design ensures that the bike can be easily transported on public transportation or in the trunk of a car. The lightweight design of these bikes makes them an attractive alternative to cars and motorbikes, especially for those looking for an eco-friendly transportation solution.



Battery life and motor efficiency are crucial factors in the folding bike market. Manufacturers are investing in advanced battery technology to increase battery life and improve motor efficiency. Performance and design aesthetics are also essential considerations, with many companies focusing on creating sleek and stylish designs that appeal to urban commuters. Folding bikes offer a unique blend of functionality and convenience, making them an ideal transportation solution for those living in densely populated areas. Their eco-friendly nature and ability to navigate through traffic make them an attractive alternative to cars and motorbikes. The folding bike market is poised for continued growth as more and more people seek efficient and sustainable transportation options.

How is this market segmented and which is the largest segment?

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

Age Group

  Age 18-50
  Lesser than 18
  Age greater than 50


Distribution Channel

  Offline
  Online


Geography

  Europe

    Germany
    Italy


  North America

    Canada
    US


  APAC

    China
    India
    Japan


  South America

    Brazil


  Middle East and Africa

By Age Group Insights

The age 18-50 segment is estimated to grow significantly during the forecast period.

Folding electric bicycles have gained popularity among adults aged 18-50 due to their numerous health benefits, including improved cardiovascular fitness, joint mobility, posture, and coordination, as well as reduced stress hormones and body fat levels. These benefits make folding electric bicycles an attractive option for urban commuting in metropolitan areas, where traffic congestion and air pollution are common issues. Moreover, the collapsible design of these bicycles allows for easy storage and transportation, making them an ideal solution for limited space in urban environments. Folding electric bicycles are powered by rechargeable lithium-ion batteries, providing a performance boost for longer commutes. The simplicity of these bicycles, combined with their lightweight design and extended battery life, makes them a practical and eco-friendly alternative to traditional vehicles. The increasing use of folding electric bicycles also reduces the need for extensive road repairs caused by vehicle traffic.

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The age 18-50 segment was valued at USD 5.60 million in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 51% 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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Folding electric bicycles have gained significant traction in Europe, particularly in Germany, France, Austria, Belgium, and the Neth

The global bicycle market, valued at $22.40 billion in 2025, is projected to experience robust growth, driven by several key factors. Increasing health consciousness, coupled with rising concerns about environmental sustainability and traffic congestion in urban areas, are fueling demand for bicycles as a primary mode of transportation and recreation. Government initiatives promoting cycling infrastructure, such as dedicated bike lanes and improved public transport integration, are further bolstering market expansion. The growing popularity of e-bikes, offering assisted pedaling capabilities, is significantly impacting the market, attracting a broader range of consumers, including older demographics and those with limited physical abilities. Furthermore, technological advancements in bicycle design and manufacturing, leading to lighter, more durable, and technologically advanced bikes (e.g., smart bikes with GPS and fitness tracking), are enhancing the overall consumer experience and driving premium segment growth. Market segmentation reveals a strong demand across various demographics, with men, women, and children actively contributing to market size. The online distribution channel is witnessing significant growth, reflecting broader e-commerce trends and the accessibility of online bike retailers. While the market enjoys significant growth potential, certain challenges persist. Fluctuating raw material prices, particularly for aluminum and steel, can impact production costs and profitability. Supply chain disruptions, experienced globally in recent years, can lead to production delays and increased costs. Competition within the bicycle market remains fierce, with established global players and regional brands vying for market share through product innovation, strategic partnerships, and targeted marketing campaigns. This competitive landscape necessitates continuous innovation and adaptation to ensure market relevance and long-term success. Despite these challenges, the projected Compound Annual Growth Rate (CAGR) of 4.4% for the forecast period (2025-2033) indicates a positive and sustained growth trajectory for the global bicycle market. Regional analysis reveals significant variation in market maturity and growth potential, with established markets in North America and Europe gradually transitioning towards maturity, while emerging markets in Asia-Pacific are expected to fuel substantial future growth.

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.

Findings from a new market report estimates the value of the market to be around USD 6.9 Billion by 2035, growing at a compound annual growth rate (CAGR) of 8.4%. The rising adoption of e-bikes, integration of lightweight materials and smart connectivity features are set to drive the market growth further.

Key Market Metrics

Region-wise Outlook Bicycle Market

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Sports Bicycle Market Size 2024-2028

The sports bicycle market size is forecast to increase by USD 7.20 billion, at a CAGR of 7.44% between 2023 and 2028. The market is experiencing significant growth, driven by several key factors. Firstly, the increasing fuel prices have led to a surge in demand for more cost-effective and eco-friendly transportation options, making bicycles an attractive alternative for both short commutes and recreational activities. Secondly, the popularity of bicycle rental programs has made cycling more accessible to a wider audience, enabling more people to experience the benefits of this mode of transportation. Thirdly, the premiumization of bicycles, with an increasing focus on high-performance features and advanced technology, has attracted a growing number of consumers willing to invest in high-quality bicycles for both personal use and competitive cycling events. Mountain bicycles, in particular, have gained traction as enthusiasts seek durable and versatile bikes capable of handling rugged terrains and diverse outdoor conditions. The growing interest in outdoor adventure and off-road cycling has bolstered demand for mountain bikes equipped with advanced suspension systems, durable frames, and enhanced grip features. These trends are expected to continue fueling the growth of the market.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics

The market is booming as health and fitness awareness drives demand for eco friendly transportation options. Modern bicycles are celebrated for their health benefits & stress reduction, making them a popular choice for urban commuting and recreational activities. Cities like the Italian city of Pesaro and regions such as Ecuador are enhancing their transport infrastructure to support cycling as a sustainable mode of transport. In Ireland, initiatives are being implemented to improve transport infrastructure and promote cycling. The allure of cycling extends to adventurous routes like the Inca Trail in Peru, where enthusiasts can experience both breathtaking landscapes and physical challenges. Additionally, the focus on modern bicycle aligns with a growing preference for eco-friendly transportation, physical exercise, and the benefits of an active lifestyle. The recent emphasis on vaccines has further highlighted the importance of maintaining overall health, which complements the rising trend in cycling. As more regions adopt cycling-friendly policies and as health awareness grows, the market continues to expand globally.

Key Market Driver

The increasing fuel prices are driving growth in the sports bicycle market. In recent years, there has been a significant increase in fuel prices and they are still fluctuating. With an increase in the price of fuel, the demand for sports bicycles has increased. Sports bicycles are equipped with gear that helps manage the speed better, making it easier to ride on mountain trails, overpasses, and rough roads.

However, most Europeans now use bicycles as their mode of commute to work, particularly with city governments constructing bike-friendly streets. Such factors are expected to contribute to the growth of the global market during the forecast period.

Significant Market Trends

The market is experiencing significant growth due to the development and integration of innovative technologies. Notably, GPS tracking devices are being incorporated into bicycles, offering advanced features for riders. This trend is not limited to adult bicycles; children's bicycles are also benefiting from technological advancements. For instance, some manufacturers are introducing smart bicycles for kids, equipped with GPS tracking and parental control features.

Moreover, addressing the issue of inadequate traction while riding sports bicycles, SCOTT Sports SA introduced a twin-lock suspension system in June 2021. This system connects the shock, fork, and frame to provide traction control and lock off from tire motion. This technological innovation is expected to fuel the market's growth in the forecast period. Additionally, other companies are focusing on enhancing the durability and safety of children's bicycles through the use of lightweight materials and advanced braking systems. These advancements are poised to expand the children's bicycle market and cater to the evolving needs of families.

Major Market Challenge

The hike in import duties is a major challenge in a sports bicycle market. It is likely that the increased import duties on bicycles in India have a negative impact on the global sports bicycle market, as it has led to price increases for this type of bicycle., which will be passed on to the customers. Consumers of high-end sports bicycles must pay an even higher price than the consumers of other bicycles.

Moreover, a few of the parts used in bicycles that are meant f

According to Cognitive Market Research, the global electric bikes market size is USD 49581.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 19832.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 14874.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 11403.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America's market has more than 5% of the global revenue, with a market size of USD 2479.06 million in 2024, and will grow at a compound annual growth rate (CAGR) of 4.6% 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 991.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Lithium-ion polymer held the highest electric bikes market revenue share in 2024

Market Dynamics of Electric Bikes Market

Key Drivers for Electric Bikes Market

Rising Trend toward Connected Electric Bikes to Increase the Demand Globally

One key driver in the electric bikes market is the rising trend toward connected electric bikes. Connected electric bikes are intelligent and omniscient bikes capable of communicating critical data on their condition and benefit. In some cases, related bikes can also receive information and commands remotely. Connected e-bike systems permit both data gathering and data mining. Players are coming forward to create connected solutions, like Specialized Bicycle Components Inc., which has developed mission control and ride features in its product delivery. Shimano Inc (Japan) has created an e-tube ride feature. Thus, apart from e-bikes, manufacturers concentrate on developing technologies and services to help consumers in a cutting-edge manner.

Government Support to Increase Electric Bike Sales to Propel Market Growth

Another key driver in the electric bikes market is rising environmental awareness and the demand for sustainable transportation. Government support, such as subsidies, tax incentives, and infrastructure development, plays a critical role in boosting e-bike sales. These measures not only make electric bikes more affordable but also encourage their adoption by improving accessibility and safety. By promoting e-bikes as a viable alternative to traditional vehicles, governments contribute to reducing emissions and congestion while promoting healthier lifestyles. This collaborative effort between governments and the e-bike industry fosters a more sustainable future.

Restraint Factor for the Electric Bikes Market

High Manufacturing Costs to Limit Market

The electric bike market is burgeoning, driven by eco-conscious consumers and urban mobility needs. However, high manufacturing costs pose a significant restraint. These costs stem from advanced battery technology, motor components, and specialized frame construction. Manufacturers face challenges in achieving economies of scale to offset these expenses. Consequently, retail prices remain relatively high, limiting widespread adoption. Despite rising demand, the affordability barrier obstructs market expansion and constrains manufacturers' ability to capitalize on the growing interest in electric bikes fully.

Impact of Covid-19 on the Electric Bikes Market

The electric bike market experienced a surge amidst the COVID-19 pandemic. With social distancing measures and a desire for individual transportation, people turned to electric bikes for commuting and leisure. This shift accelerated existing trends towards eco-friendly and convenient transportation options. Governments worldwide also incentivized cycling as a safer alternative to public transit, further boosting demand. Additionally, increased focus on health and fitness during lockdowns contributed to the popularity of electric bikes. Overall, the pandemic catalyzed growth in the electric bike market, aligning with evolving consumer preferences and urban mobility needs. Introduction of the Electric Bikes Market

Electric bikes, or e-bikes, are bicycles equipped with electric motors, offering pedal assistance and sometimes throttle control. They a...

As of the third quarter of 2023, Ducati was the leading European motorcycle brand in Australia with a market share of 34.66 percent. The brand BMW followed with a share of 26.3 percent.

The e-bike market is projected to generate around 44.1 billion U.S. dollars in revenue by 2029. In 2024, revenue from the global e-bike market U.S. dollars. Large markets across the globe The Asia-Pacific region is the largest e-bike market, but the European market has picked up steam. In some countries within Europe, e-bikes now make up more than half of all bicycles sold. The leader here is the Netherlands, which reached this tipping point in 2020. Germany is another important market for e-bikes, with 2.1 million units sold in 2023.

According to Cognitive Market Research, The Global Kid's Bicycle market will be USD 7.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.

The demand for Kids Bicycles is rising due to the shifting focus towards bicycling.
Demand for battery operated kids bicycle remains higher in the Kids Bicycle market.
The independent outlets category held the highest Kids Bicycle market revenue share in 2023.
Asia Pacific Kids Bicycle will continue to lead, whereas the North American Kids Bicycle market will experience the most substantial growth until 2030.

Donation of Bicycles to Children to Provide Viable Market Output

Numerous NGOs and educational institutions encourage children to ride bicycles through initiatives such as Bicycle for Every Child and Scale-up Cycling. These initiatives encourage youngsters to cycle to promote a more active lifestyle. Programs like Scale-up cycling are more common in European countries because the continent has significantly increased bicycle use over the last 20 years. Many groups throughout the world are distributing bicycles to children as part of their attempts to reduce childhood obesity, promote outdoor activities, and aid in the resolution of societal issues.

Advanced Safety Features in Children's Bicycles to Propel Market Growth

Parents are concerned about the increasing frequency of pedal bicycle fatalities. Manufacturers have responded by adding more safety measures to children's bicycles, such as knuckle guards and night vision handlebars, which improve visibility in low-light circumstances. In addition, firms are working on a more powerful braking system to improve user safety.

For instance, Hercules, an Indian brand, debuted its Black Hunter ZX line of bicycles in 2020, the first in the segment to have a knuckle guard. In addition, the business debuted a new line of handlebars with an integrated flashlight and rear brake light, among other features.

(Source: www.trackandtrail.in/cycles/hercules-mtb-single-speed/black-hunter-zx)

Market Dynamics of the Kids Bicycle

Safety Concerns to Restrict Market Growth

Certain ingredients in Kids' Bicycles can pose potential health concerns. These include parabens, fragrances, and formaldehyde-releasing preservatives, which may cause skin irritation, allergies, or hormonal disruptions. Heavy metals such as lead and cadmium, sometimes found in cosmetics, can lead to long-term health issues. The Kids Bicycle market should prioritize ingredient transparency, safety testing, and the development of safer, hypoallergenic formulations to address these health concerns and ensure consumer well-being.

Impact of COVID–19 on the Kids Bicycle Market

The COVID-19 epidemic had an uneven effect on the children's bicycle market. Lockdowns and restrictions initially impacted industrial and supply systems, causing a temporary drop in sales. However, as outdoor activities gained popularity amid social isolation, there was an increase in demand for children's bicycles. Parents encouraged their children to participate in outdoor and recreational activities, which resulted in a greater emphasis on health and well-being. E-commerce channels were particularly critical in supporting market growth during the pandemic, providing a quick and secure alternative for consumers to acquire children's bicycles despite physical store closures and limitations. Introduction of the Kids Bicycle Market

Key players in the Kids Bicycle market employ various strategies to maintain and enhance their market presence. These strategies include product innovation, such as long-lasting formulations and diverse colour ranges, aggressive marketing campaigns leveraging social media and influencer partnerships, expanding e-commerce channels, and emphasizing sustainability with eco-friendly packaging. Additionally, they invest in research to understand consumer preferences and trends, ensuring their products align with evolving beauty and fashion standards. These strategies help key players capture a significant market share and remain competitive in the dynamic Kid's Bicycle market.

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Cruiser Bikes Market Size 2024-2028

The cruiser bikes market size is forecast to increase by USD 13.19 billion and is estimated to grow at a CAGR of 4.5% between 2023 and 2028. The motorbike industry is experiencing a surge in demand due to the increasing preference for technologically advanced two-wheelers. With the advent of smart features such as GPS navigation, Bluetooth connectivity, and advanced safety systems, motorbikes have evolved from mere modes of transportation to sophisticated machines. Additionally, there is a growing trend towards luxurious bikes, catering to the demand for comfort and style. Furthermore, the rise of bike touring activities has fueled the need for motorbikes that offer superior performance and endurance. Manufacturers are responding to these trends by introducing innovative models that blend technology, luxury, and performance, making the motorbike market an exciting space to watch.

What will be the Size of the Market During the Forecast Period?

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Market Dynamic and Customer Landscape

The market is a segment of the motorcycle industry that caters to consumers seeking comfortable, stylish, and powerful vehicles. Cruiser bikes, also known as touring bikes or power cruisers, are characterized by their large V-twins engines, low seats, and long wheelbases. These bikes offer a unique riding experience, allowing riders to enjoy long rides in comfort and style. The market for cruiser bikes is witnessing significant growth due to the increasing demand for technologically advanced vehicles. High-tech features such as GPS navigation, infotainment systems, and AI technologies are becoming increasingly popular among consumers. Moreover, the emergence of battery-powered bikes is expected to revolutionize the market, offering consumers the benefits of fuel efficiency and low maintenance. The market can be segmented based on engine capacity, price, Low price, High price and features. Engine capacity ranges from low (250cc-750cc) to medium (751cc-1250cc) and high (above 1251cc). Price ranges from low, medium, to high, with each segment catering to different consumer segments. Fuel efficiency and improved designs are key factors driving the growth of the market. The future of the market looks promising, with novel systems and autonomous technologies expected to further enhance the riding experience. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Rising demand from customers for technologically advanced motorbikes is notably driving market growth. Cruiser bikes continue to be a popular choice for motorbike enthusiasts due to their unique design and features. These vehicles offer a comfortable riding experience, making them an ideal option for daily commutes and touring applications.

Moreover, the engine capacity of cruiser bikes varies, with models ranging from low-price options to high-end, technically advanced vehicles. Fuel efficiency is another important factor for many buyers, making fuel-efficient cruiser bikes a desirable choice. Manufacturers such as Honda Motor Company and others are continually improving cruiser bike designs to cater to diverse customer needs. Thus, such factors are driving the growth of the market during the forecast period.

Significant Market Trends

New product launches is the key trend in the market. Vendors in the market are continually introducing new models with enhanced features and advanced technologies to cater to various customer segments. For instance, Honda unveiled the Honda H'ness CB350 Anniversary Edition in India in December 2021, featuring a 349.3cc engine and improved designs.

Moreover, Kawasaki launched the W175 in India in July 2021, boasting a 175cc engine, disc brakes, and strong torque. In April 2021, Royal Enfield introduced the Meteor 350 in the USA, which offers a daily commute application with a medium price range. Thus, such trends will shape the growth of the market during the forecast period.

Major Market Challenge

Faulty parts, poor build quality, and design issues associated with cruiser bikes is the major challenge that affects the growth of the market. The cruiser bike market experiences varying demand based on factors such as engine capacity, price, and application.

Moreover, While technically advanced, high-price cruisers appeal to touring enthusiasts, medium-priced options cater to daily commute needs, and low-priced models target budget-conscious consumers. However, challenges persist, including the limited appeal of some brands in specific markets. Hence, the above factors will impede the growth of the market during the forecast period

Exclusive Customer Landscape

The market forecasting report includes the