Europe Electric Cargo Bikes Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.05 Billion |
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Market Size (2029) | USD 1.60 Billion |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 8.80 % |
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Largest Share by Country | Germany |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Electric Cargo Bikes Market Analysis
The Europe E-cargo bike Market size is estimated at 1.05 billion USD in 2024, and is expected to reach 1.60 billion USD by 2029, growing at a CAGR of 8.80% during the forecast period (2024-2029).
1.05 Billion
Market Size in 2024 (USD)
1.60 Billion
Market Size in 2029 (USD)
21.69 %
CAGR (2017-2023)
8.80 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
72.14 %
value share, Pedal Assisted, 2023
Logistics firms are opting for a sustainable delivery option, such as e-bikes, as carrying heavy loads is easier on pedal-assisted, making pedal assisted the largest segment.
Fastest Segment by Propulsion Type
8.87 %
Projected CAGR, Pedal Assisted, 2024-2029
Speed pedelecs e-bikes are the fastest growing among all e-bike categories owing to their advantages like faster durability and the ability to commute long distances faster than their counterparts.
Largest Segment by Battery Type
76.40 %
value share, Lithium-ion Battery, 2023
Lithium batteries are the largest-used batteries due to their long range, quick charging times, longevity, great power in compact sizes, and lightweight properties.
Largest Country
45.43 %
value share, Germany, 2023
Germany has been witnessing a positive growth over recent years owing to rising delivery traffic and consumers’ interest in traditional means of transport to meet their daily needs.
Leading Market Player
6.28 %
market share, Accell Group N.V., 2022
Accell Group NV has a wide customer reach and operates through many sub-brands. Its broad product portfolio has made the company and its brands the largest across Europe.
- The European market for e-cargo bikes has steadily grown in recent years. This trend is projected to continue as more towns invest in infrastructure to promote sustainable mobility options. The European Cyclists' Federation (ECF) reported that the European market for e-bikes rose by 23% in 2019.
- The demand for delivery services across European cities increased during the pandemic due to increased online shopping amid lockdowns and trade restrictions, thus boosting cargo vehicle use. E-cargo bikes are safer and do not emit greenhouse gas emissions. Many businesses use them for various applications instead of vans and other delivery vehicles. For instance, in the Netherlands, DHL makes 60% of inner-city deliveries by cargo bikes. Transport for Quality of Life estimated that e-cargo bikes could replace up to 8% of urban van trips by mileage.
- Due to increasing technological advancements, pedelec producers are focusing on producing pedelecs that can connect with riders' cell phones and provide real-time information on the speed and battery level. The majority of e-cargo bike sales are still accounted for by pedal-assisted models. However, there is a growing demand for throttle-assisted e-cargo bikes, particularly among business owners such as delivery companies and couriers. Throttle-assisted e-cargo bikes are a more convenient and efficient alternative to traditional delivery vehicles, especially in urban areas where traffic and parking may be a concern.
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- Over the past decade, the problem of daytime traffic congestion has grown in Europe due to an increase in delivery vehicles used by large companies that require supplies and an increase in online shopping. Thus, due to the problem of congestion, restaurants and retail chains are turning toward e-bikes and e-cargo bikes for their operations, mainly due to their increased average speed.
- Some key e-bike manufacturers operating in the country are focusing on developing innovative solutions and attractive models to widen their customer base. For instance, in 2020, CityQ developed a weather-protected e-bike, purpose-built for families and light cargo, with a built-in IT platform for managing the bike remotely. DB Schenker Norway premiered its Armadillo e-cargo bike for semi-trailer deliveries in the Bergen city center. More Armadillos are anticipated to be launched across the bigger Norwegian cities.
- Tax incentives and government policies further drive the demand for e-cargo bikes. In February 2021, the German Federal Ministry for the Environment, Nature Conservation, and Nuclear Safety (BMU) announced its plans to start a funding program, providing grants of up to 25% of the purchase costs or a maximum of EUR 2,500 for cargo bikes or trailers.
Europe E-cargo bike Market Trends
Germany stands out with its notably high adoption rates, indicating a mature market and strong consumer acceptance.
- Europe has witnessed a significant demand for e-bicycles over the past few years. Rising fuel prices, traffic jams during peak hours, and exercise benefits are some of the factors responsible for the increasing adoption rate of e-bikes in European countries, such as the United Kingdom, Italy, Spain, and Germany. Denmark accounted for the major share of e-bike sales and had a higher adoption rate in 2019 than other countries in the region, such as Luxembourg. The growing demand for e-bikes further accelerated their adoption rate across Europe.
- The growing number of COVID-19 cases affected the bicycle business positively. As people avoided public or rented transportation to maintain social distancing, they changed their commuting methods and invested in e-bikes as a convenient and price-friendly option. Such factors accelerated the adoption rate of e-bikes in 2020 across Europe.
- The resumption of business operations and the relaxation of restrictions, such as lockdowns and trade activities, boosted the adoption of e-bikes and increased the import and export activities in the region. The growing consumer interest in e-bikes is expected to increase their adoption in the region during the forecast period.
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The UK and Germany are key contributors to the region's Hyper-Local Delivery market, both showing a steady increase in volume.
- E-bikes are becoming highly popular across Europe. The share of online buyers increased by 80.25% in the last five years since 2017, which also increased pollution and traffic congestion in the region. Thus, due to these problems, logistic businesses are opting for a more convenient and cleaner option, i.e., an e-bike, for deliveries. The Netherlands accounted for the highest number of e-bike deliveries in 2019, followed by Denmark and the United Kingdom. The use of e-bikes for local deliveries in the region grew by 11.73% in 2019 over 2018.
- Various parcel and courier companies are making efforts to deploy e-bicycles as last-mile logistics options over large carbon-emission vehicles. In September 2020, FedEx announced that it was testing electric cargo bikes for parcel deliveries in London and Amsterdam. The company also announced that the initial results of the pilot testing were very good and planned to extend the services to other cities in the region. E-bicycle deliveries in Europe increased by 24.99% in 2021 over 2020.
- The e-bike market is developing in various countries across the region due to the cost advantages of these bikes over alternative fuel-powered vehicles, as well as time efficiency, fuel efficiency, eco-friendliness, and lower maintenance costs. Subsidies offered on e-bikes by the government also provide another advantage to vendors. Therefore, last-mile local deliveries made by e-bikes are projected to rise in Europe during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Europe's total bicycle sales indicate a resilient market with growth, especially post-2020, highlighting an increased interest in cycling across the continent.
- Germany and the UK face significant inflation peaks before a return to normalcy, marking a period of economic recalibration.
- Germany and the UK show notable market values, but Italy and Poland demonstrate robust growth rates, diversifying the European bicycle rental landscape.
- Germany and the Netherlands are prominent in expanding dedicated bicycle lanes, indicative of the region's strong focus on cycling infrastructure.
- Belgium experiences increasing traffic congestion, contrasting with the Netherlands and Austria, which have the lowest and decreasing congestion rates in the region.
- The overall trend indicates a strong and growing economy across Europe, with a temporary dip in 2020.
- Steady growth in 5-15 km commutes, especially in Belgium and the Netherlands, reflects efficient transportation and urban planning.
- Prices across countries like Germany, UK, and France are converging towards the regional average, showing a uniform downward trend.
- Europe's decrease is consistent, with Germany and Belgium having the fastest decline, while Italy and Spain's rates are moderate.
Europe Electric Cargo Bikes Industry Overview
The Europe E-cargo bike Market is fragmented, with the top five companies occupying 11.91%. The major players in this market are Accell Group N.V., Bakfiets.nl, Rad Power Bikes, Riese & Müller and RYTLE GmbH (sorted alphabetically).
Europe Electric Cargo Bikes Market Leaders
Accell Group N.V.
Bakfiets.nl
Rad Power Bikes
Riese & Müller
RYTLE GmbH
Other important companies include Bunch Bikes, DOUZE Factory SAS, Smart Urban Mobility B.V, The Cargo Bike Company, YUBA BICYCLES LLC.
*Disclaimer: Major Players sorted in alphabetical order.
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Europe Electric Cargo Bikes Market News
- October 2022: Douze Cycles, a French business, has launched a cargo bike series consisting of four models, three of which incorporate electric help. The range of bikes boasts an outstanding hauling capacity of up to 205 kg.
- August 2022: The company released MovR3, the newest model of the cargo bike for urban areas. The MovR3 acts as an e-pedelec with a speed range of up to 25 km/h.
- February 2021: Yuba Bikes launched its most affordable electric cargo bike, Yuba Kombi E5. The electric cargo bike is powered by a Shimano E5000 mid-drive motor system, priced at USD 3,200, to target more price-sensitive riders
Free with this Report
We offer a comprehensive and complimentary collection of data points on regional and country-level metrics, crucial to understanding the industry's core structure. Our resources include over 120 free charts, providing rare data across various countries. This collection encompasses an analysis of e-bike outlets, distribution channels, and their geographical distribution, examination of average selling prices for different e-bike models across regions, insights into consumer preferences and purchasing patterns, a detailed segmentation of the market, comprehensive insights into market trends and environmental impacts, an overview of key market players, an examination of the regulatory landscape, and projections for the future of the e-bike market.
Europe Electric Cargo Bikes Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Bicycle Sales
2.2. GDP Per Capita
2.3. Inflation Rate
2.4. Adoption Rate Of E-Bikes
2.5. Percent Population/Commuters With 5-15 Km Daily Travel Distance
2.6. Bicycle Rental
2.7. E-Bike Battery Price
2.8. Price Chart Of Different Battery Chemistry
2.9. Hyper-Local Delivery
2.10. Dedicated Bicycle Lanes
2.11. Battery Charging Capacity
2.12. Traffic Congestion Index
2.13. Regulatory Framework
2.14. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Propulsion Type
3.1.1. Pedal Assisted
3.1.2. Speed Pedelec
3.1.3. Throttle Assisted
3.2. Battery Type
3.2.1. Lead Acid Battery
3.2.2. Lithium-ion Battery
3.2.3. Others
3.3. Country
3.3.1. Austria
3.3.2. Belgium
3.3.3. France
3.3.4. Germany
3.3.5. Italy
3.3.6. Luxembourg
3.3.7. Netherlands
3.3.8. Poland
3.3.9. Spain
3.3.10. Switzerland
3.3.11. UK
3.3.12. Rest-of-Europe
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Accell Group N.V.
4.4.2. Bakfiets.nl
4.4.3. Bunch Bikes
4.4.4. DOUZE Factory SAS
4.4.5. Rad Power Bikes
4.4.6. Riese & Müller
4.4.7. RYTLE GmbH
4.4.8. Smart Urban Mobility B.V
4.4.9. The Cargo Bike Company
4.4.10. YUBA BICYCLES LLC
5. KEY STRATEGIC QUESTIONS FOR E BIKES CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- EUROPE E-CARGO BIKE MARKET, BICYCLE SALES, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 2:
- EUROPE E-CARGO BIKE MARKET, GDP PER CAPITA, VALUE, USD, 2017 - 2029
- Figure 3:
- EUROPE E-CARGO BIKE MARKET, INFLATION RATE, VALUE, PERCENT, 2017 - 2029
- Figure 4:
- EUROPE E-CARGO BIKE MARKET, ADOPTION RATE, VOLUME, PERCENT, 2017 - 2029
- Figure 5:
- EUROPE E-CARGO BIKE MARKET, COMMUTERS WITH 5-15 KM TRAVEL DISTANCE, VOLUME, PERCENT, 2017 - 2029
- Figure 6:
- EUROPE E-CARGO BIKE MARKET, BICYCLE RENTAL, VALUE, USD MILLION, 2017 - 2029
- Figure 7:
- EUROPE E-CARGO BIKE MARKET, E-BIKE BATTERY PRICE, VALUE, USD, 2017 - 2029
- Figure 8:
- EUROPE E-CARGO BIKE MARKET, PRICE CHART OF DIFFERENT BATTERY CHEMISTRY, VALUE, USD, 2017 - 2029
- Figure 9:
- EUROPE E-CARGO BIKE MARKET, HYPER-LOCAL DELIVERY, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 10:
- EUROPE E-CARGO BIKE MARKET, DEDICATED BICYCLE LANES, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 11:
- EUROPE E-CARGO BIKE MARKET, BATTERY CHARGING CAPACITY, VOLUME, UNITS, 2017 - 2029
- Figure 12:
- EUROPE E-CARGO BIKE MARKET, TRAFFIC CONGESTION INDEX, VOLUME, PERCENT, 2017 - 2022
- Figure 13:
- EUROPE E-CARGO BIKE MARKET, VOLUME, UNITS, 2017 - 2029
- Figure 14:
- EUROPE E-CARGO BIKE MARKET, VALUE, USD MILLION, 2017 - 2029
- Figure 15:
- EUROPE E-CARGO BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 16:
- EUROPE E-CARGO BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 17:
- EUROPE E-CARGO BIKE MARKET, BY PROPULSION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 18:
- EUROPE E-CARGO BIKE MARKET, BY PROPULSION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 19:
- EUROPE E-CARGO BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 20:
- EUROPE E-CARGO BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 21:
- EUROPE E-CARGO BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 22:
- EUROPE E-CARGO BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 23:
- EUROPE E-CARGO BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 24:
- EUROPE E-CARGO BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 25:
- EUROPE E-CARGO BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 26:
- EUROPE E-CARGO BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 27:
- EUROPE E-CARGO BIKE MARKET, BY PROPULSION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 28:
- EUROPE E-CARGO BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 29:
- EUROPE E-CARGO BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 30:
- EUROPE E-CARGO BIKE MARKET, BY BATTERY TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 31:
- EUROPE E-CARGO BIKE MARKET, BY BATTERY TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 32:
- EUROPE E-CARGO BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 33:
- EUROPE E-CARGO BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 34:
- EUROPE E-CARGO BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 35:
- EUROPE E-CARGO BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 36:
- EUROPE E-CARGO BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 37:
- EUROPE E-CARGO BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 38:
- EUROPE E-CARGO BIKE MARKET, ALL , VOLUME, UNITS, 2017 - 2029
- Figure 39:
- EUROPE E-CARGO BIKE MARKET, ALL , VALUE, USD, 2017 - 2029
- Figure 40:
- EUROPE E-CARGO BIKE MARKET, ALL , VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 41:
- EUROPE E-CARGO BIKE MARKET, ALL , VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 42:
- EUROPE E-CARGO BIKE MARKET, AUSTRIA , VOLUME, UNITS, 2017 - 2029
- Figure 43:
- EUROPE E-CARGO BIKE MARKET, AUSTRIA , VALUE, USD, 2017 - 2029
- Figure 44:
- EUROPE E-CARGO BIKE MARKET, AUSTRIA , VALUE SHARE (%), 2022 VS 2029
- Figure 45:
- EUROPE E-CARGO BIKE MARKET, BELGIUM , VOLUME, UNITS, 2017 - 2029
- Figure 46:
- EUROPE E-CARGO BIKE MARKET, BELGIUM , VALUE, USD, 2017 - 2029
- Figure 47:
- EUROPE E-CARGO BIKE MARKET, BELGIUM , VALUE SHARE (%), 2022 VS 2029
- Figure 48:
- EUROPE E-CARGO BIKE MARKET, FRANCE , VOLUME, UNITS, 2017 - 2029
- Figure 49:
- EUROPE E-CARGO BIKE MARKET, FRANCE , VALUE, USD, 2017 - 2029
- Figure 50:
- EUROPE E-CARGO BIKE MARKET, FRANCE , VALUE SHARE (%), 2022 VS 2029
- Figure 51:
- EUROPE E-CARGO BIKE MARKET, GERMANY , VOLUME, UNITS, 2017 - 2029
- Figure 52:
- EUROPE E-CARGO BIKE MARKET, GERMANY , VALUE, USD, 2017 - 2029
- Figure 53:
- EUROPE E-CARGO BIKE MARKET, GERMANY , VALUE SHARE (%), 2022 VS 2029
- Figure 54:
- EUROPE E-CARGO BIKE MARKET, ITALY , VOLUME, UNITS, 2017 - 2029
- Figure 55:
- EUROPE E-CARGO BIKE MARKET, ITALY , VALUE, USD, 2017 - 2029
- Figure 56:
- EUROPE E-CARGO BIKE MARKET, ITALY , VALUE SHARE (%), 2022 VS 2029
- Figure 57:
- EUROPE E-CARGO BIKE MARKET, LUXEMBOURG , VOLUME, UNITS, 2017 - 2029
- Figure 58:
- EUROPE E-CARGO BIKE MARKET, LUXEMBOURG , VALUE, USD, 2017 - 2029
- Figure 59:
- EUROPE E-CARGO BIKE MARKET, LUXEMBOURG , VALUE SHARE (%), 2022 VS 2029
- Figure 60:
- EUROPE E-CARGO BIKE MARKET, NETHERLANDS , VOLUME, UNITS, 2017 - 2029
- Figure 61:
- EUROPE E-CARGO BIKE MARKET, NETHERLANDS , VALUE, USD, 2017 - 2029
- Figure 62:
- EUROPE E-CARGO BIKE MARKET, NETHERLANDS , VALUE SHARE (%), 2022 VS 2029
- Figure 63:
- EUROPE E-CARGO BIKE MARKET, POLAND , VOLUME, UNITS, 2017 - 2029
- Figure 64:
- EUROPE E-CARGO BIKE MARKET, POLAND , VALUE, USD, 2017 - 2029
- Figure 65:
- EUROPE E-CARGO BIKE MARKET, POLAND , VALUE SHARE (%), 2022 VS 2029
- Figure 66:
- EUROPE E-CARGO BIKE MARKET, SPAIN , VOLUME, UNITS, 2017 - 2029
- Figure 67:
- EUROPE E-CARGO BIKE MARKET, SPAIN , VALUE, USD, 2017 - 2029
- Figure 68:
- EUROPE E-CARGO BIKE MARKET, SPAIN , VALUE SHARE (%), 2022 VS 2029
- Figure 69:
- EUROPE E-CARGO BIKE MARKET, SWITZERLAND , VOLUME, UNITS, 2017 - 2029
- Figure 70:
- EUROPE E-CARGO BIKE MARKET, SWITZERLAND , VALUE, USD, 2017 - 2029
- Figure 71:
- EUROPE E-CARGO BIKE MARKET, SWITZERLAND , VALUE SHARE (%), 2022 VS 2029
- Figure 72:
- EUROPE E-CARGO BIKE MARKET, UK , VOLUME, UNITS, 2017 - 2029
- Figure 73:
- EUROPE E-CARGO BIKE MARKET, UK , VALUE, USD, 2017 - 2029
- Figure 74:
- EUROPE E-CARGO BIKE MARKET, UK , VALUE SHARE (%), 2022 VS 2029
- Figure 75:
- EUROPE E-CARGO BIKE MARKET, REST-OF-EUROPE , VOLUME, UNITS, 2017 - 2029
- Figure 76:
- EUROPE E-CARGO BIKE MARKET, REST-OF-EUROPE , VALUE, USD, 2017 - 2029
- Figure 77:
- EUROPE E-CARGO BIKE MARKET, REST-OF-EUROPE , VALUE SHARE (%), 2022 VS 2029
- Figure 78:
- EUROPE E-CARGO BIKE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 79:
- EUROPE E-CARGO BIKE MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 80:
- EUROPE E-CARGO BIKE MARKET SHARE(%), BY MAJOR PLAYERS, 2022
Europe E-cargo bike Industry Segmentation
Pedal Assisted, Speed Pedelec, Throttle Assisted are covered as segments by Propulsion Type. Lead Acid Battery, Lithium-ion Battery, Others are covered as segments by Battery Type. Austria, Belgium, France, Germany, Italy, Luxembourg, Netherlands, Poland, Spain, Switzerland, UK, Rest-of-Europe are covered as segments by Country.
- The European market for e-cargo bikes has steadily grown in recent years. This trend is projected to continue as more towns invest in infrastructure to promote sustainable mobility options. The European Cyclists' Federation (ECF) reported that the European market for e-bikes rose by 23% in 2019.
- The demand for delivery services across European cities increased during the pandemic due to increased online shopping amid lockdowns and trade restrictions, thus boosting cargo vehicle use. E-cargo bikes are safer and do not emit greenhouse gas emissions. Many businesses use them for various applications instead of vans and other delivery vehicles. For instance, in the Netherlands, DHL makes 60% of inner-city deliveries by cargo bikes. Transport for Quality of Life estimated that e-cargo bikes could replace up to 8% of urban van trips by mileage.
- Due to increasing technological advancements, pedelec producers are focusing on producing pedelecs that can connect with riders' cell phones and provide real-time information on the speed and battery level. The majority of e-cargo bike sales are still accounted for by pedal-assisted models. However, there is a growing demand for throttle-assisted e-cargo bikes, particularly among business owners such as delivery companies and couriers. Throttle-assisted e-cargo bikes are a more convenient and efficient alternative to traditional delivery vehicles, especially in urban areas where traffic and parking may be a concern.
| Propulsion Type | |
| Pedal Assisted | |
| Speed Pedelec | |
| Throttle Assisted |
| Battery Type | |
| Lead Acid Battery | |
| Lithium-ion Battery | |
| Others |
| Country | |
| Austria | |
| Belgium | |
| France | |
| Germany | |
| Italy | |
| Luxembourg | |
| Netherlands | |
| Poland | |
| Spain | |
| Switzerland | |
| UK | |
| Rest-of-Europe |
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Market Definition
- By Application Type - Cargo e-bikes are considered under the scope of this segment. The e-cargo or utility e-bikes are designed to carry various types of cargo and packages for shorter distances such as within urban areas
- By Battery Type - This segment includes lithium-ion batteries, lead-acid batteries, and other battery types. The other battery type category includes nickel-metal hydroxide (NiMH), silicon, and lithium-polymer batteries.
- By Propulsion Type - E-bikes considered under this segment include pedal-assisted e-bikes, throttle-assisted e-bikes, and speed pedelec. While the speed limit of pedal and throttle-assisted e-bikes is usually 25 km/h, the speed limit of speed pedelec is generally 45 km/h (28 mph).
| Keyword | Definition |
|---|---|
| Pedal Assisted | Pedal-assist or pedelec category refers to the electric bikes that provide limited power assistance through torque-assist system and do not have throttle for varying the speed. The power from the motor gets activated upon pedaling in these bikes and reduces human efforts. |
| Throttle Assisted | Throttle-based e-bikes are equipped with the throttle assistance grip, installed on the handlebar, similarly to motorbikes. The speed can be controlled by twisting the throttle directly without the need to pedal. The throttle response directly provides power to the motor installed in the bicycles and speeds up the vehicle without paddling. |
| Speed Pedelec | Speed pedelec is e-bikes similar to pedal-assist e-bikes as they do not have throttle functionality. However, these e-bikes are integrated with an electric motor which delivers power of approximately 500 W and more. The speed limit of such e-bikes is generally 45 km/h (28 mph) in most of the countries. |
| City/Urban | The city or urban e-bikes are designed with daily commuting standards and functions to be operated within the city and urban areas. The bicycles include various features and specifications such as comfortable seats, sit upright riding posture, tires for easy grip and comfortable ride, etc. |
| Trekking | Trekking and mountain bikes are special types of e-bikes that are designed for special purposes considering the robust and rough usage of the vehicles. These bicycles include a strong frame, and wide tires for better and advanced grip and are also equipped with various gear mechanisms which can be used while riding in different terrains, rough grounded, and tough mountainous roads. |
| Cargo/Utility | The e-cargo or utility e-bikes are designed to carry various types of cargo and packages for shorter distances such as within urban areas. These bikes are usually owned by local businesses and delivery partners to deliver packages and parcels at very low operational costs. |
| Lithium-ion Battery | A Li-ion battery is a rechargeable battery, which uses lithium and carbon as its constituent materials. The Li-Ion batteries have a higher density and lesser weight than sealed lead acid batteries and provide the rider with more range per charge than other types of batteries. |
| Lead Acid Battery | A lead acid battery refers to sealed lead acid battery having a very low energy-to-weight and energy-to-volume ratio. The battery can produce high surge currents, owing to its relatively high power-to-weight ratio as compared to other rechargeable batteries. |
| Other Batteries | This includes electric bikes using nickel–metal hydroxide (NiMH), silicon, and lithium-polymer batteries. |
| Business-to-Business (B2B) | The sales of e-bikes to business customers such as urban fleet and logistics company, rental/sharing operators, last-mile fleet operators, and corporate fleet operators are considered under this category. |
| Business-to-Customers (B2C) | The sales of electric scooters and motorcycles to direct consumers is considered under this category. The consumers acquire these vehicles either directly from manufacturers or from other distributers and dealers through online and offline channel. |
| Unorganized Local OEMs | These players are small local manufacturers and assemblers of e-bikes. Most of these manufacturers import the components from China and Taiwan and assemble them locally. They offer the product at low cost in this price sensitive market which give them advantage over organized manufacturers. |
| Battery-as-a-Service | A business model in which the battery of an EV can be rented from a service provider or swapped with another battery when it runs out of charge |
| Dockless e-Bikes | Electric bikes that have self-locking mechanisms and a GPS tracking facility with an average top speed of around 15mph. These are mainly used by bike-sharing companies such as Bird, Lime, and Spin. |
| Electric Vehicle | A vehicle which uses one or more electric motors for propulsion. Includes cars, scooters, buses, trucks, motorcycles, and boats. This term includes all-electric vehicles and hybrid electric vehicles |
| Plug-in EV | An electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids. In this report we use the term for all-electric vehicles to differentiate them from plug-in hybrid electric vehicles. |
| Lithium-Sulphur Battery | A rechargeable battery that replaces the liquid or polymer electrolyte found in current lithium-ion batteries with sulfur. They have more capacity than Li-ion batteries. |
| Micromobility | Micromobility is one of the many modes of transport involving very-light-duty vehicles to travel short distances. These means of transportation include bikes, e-scooters, e-bikes, mopeds, and scooters. Such vehicles are used on a sharing basis for covering short distances, usually five miles or less. |
| Low Speed Electric Vehicls (LSEVs) | They are low speed (usually less than 25 kmph) light vehicles that do not have an internal combustion engine, and solely use electric energy for propulsion. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all its reports.
- Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the volume demand with volume-weighted average battery pack price (per kWh). Battery pack price estimation and forecast takes into account various factors affecting ASP, such as inflation rates, market demand shifts, production costs, technological developments, and consumer preferences, providing estimations for both historical data and future trends.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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