Market Size of austria e-bike Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 0.99 Billion |
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Market Size (2029) | USD 1.64 Billion |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 10.63 % |
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Fastest Growing by Propulsion Type | Throttle Assisted |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Austria E-bike Market Analysis
The Austria E-bike Market size is estimated at 0.99 billion USD in 2024, and is expected to reach 1.64 billion USD by 2029, growing at a CAGR of 10.63% during the forecast period (2024-2029).
0.99 Billion
Market Size in 2024 (USD)
1.64 Billion
Market Size in 2029 (USD)
12.18 %
CAGR (2017-2023)
10.63 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
80.70 %
value share, Pedal Assisted, 2023
Ease of travel, the ability to carry heavy loads, being suitable for various terrains, and health benefits are some primary factors that make pedal-assisted bikes the largest segment by propulsion type.
Largest Segment by Application Type
76.30 %
value share, City/Urban, 2023
City/urban bike is the largest application type as the number of people commuting daily to local areas, like offices, schools, and marketplaces, is growing significantly.
Largest Segment by Battery Type
99.83 %
value share, Lithium-ion Battery, 2023
The lithium-ion battery segment is the largest segment by battery type due to its qualities, including lightweight, greater range, quick-charging ability, longevity, and declining costs as technology advances.
Fastest-growing Segment by Propulsion Type
10.68 %
Projected CAGR, Throttle Assisted, 2024-2029
The speed pedelec segment is the fastest-growing segment by propulsion type due to the growth in leisure activities, like off-road riding and long-distance travel, and people’s preference for bikes over cars for daily commutes.
Leading Market Player
9.69 %
market share, KTM Bike Industries, 2022
KTM is a well-established Austrian brand with strong production capabilities, comprehensive product offerings, and a strong customer base, making it the largest e-bike brand in Austria.
PROPULSION SEGMENT MARKET OVERVIEW
- The Austrian e-bike market experienced a surge in demand. E-bikes have currently become increasingly popular in Austria as a sustainable and practical mode of transportation for commuting, running errands, and leisure activities. According to a European Bicycle Manufacturers Association (EBMA) report, e-bikes accounted for approximately 25% of all bicycles sold in Austria in 2019. The report also noted that the Austrian e-bike market was expected to continue its growth trajectory in the coming years, driven by factors such as increasing awareness of the health and environmental benefits of e-bikes, government initiatives to promote cycling, and technological advancements in e-bike design.
- Several major e-bike brands were expanding their operations in Austria, including Bosch, Shimano, and Giant, who were launching new models of e-bikes designed specifically for the Austrian market. Several local players, such as KTM and Simplon, were also gaining popularity in the region.
- The Austrian government has also introduced several initiatives to promote the use of e-bikes, such as providing financial incentives for purchasing e-bikes and investing in the development of cycling infrastructure. Several cities in Austria, such as Vienna and Salzburg, have implemented bike-sharing schemes that include e-bikes as part of their fleets. Overall, the Austrian e-bike market is expected to continue its growth during the forecast period, driven by factors such as government support, increasing consumer demand, and technological advancements.
Understand The Key Trends Shaping This Market
