Market Size of denmark e-bike Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 373.82 Million |
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Market Size (2029) | USD 566.23 Million |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 8.66 % |
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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 |
Denmark E-bike Market Analysis
The Denmark E-bike Market size is estimated at 373.82 million USD in 2024, and is expected to reach 566.23 million USD by 2029, growing at a CAGR of 8.66% during the forecast period (2024-2029).
373.82 Million
Market Size in 2024 (USD)
566.23 Million
Market Size in 2029 (USD)
18.07 %
CAGR (2017-2023)
8.66 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
79.10 %
value share, Pedal Assisted, 2023
Ease of traveling, suitability for recreational activities, ease of carrying heavy loads, and ensuring the fitness levels of consumers are some factors making pedal-assisted e-bikes the largest propulsion-type segment.
Largest Segment by Application Type
76.96 %
value share, City/Urban, 2023
The adoption of bicycles for daily commutes to nearby places, such as offices and shops, has made the sales of city/urban bikes the largest among applications.
Largest Segment by Battery Type
99.20 %
value share, Lithium-ion Battery, 2023
The increasing adoption of lithium-ion battery-equipped bicycles due to high energy density, high power density, lightweight, and long life has made lithium-ion battery the largest segment in the market.
Fastest-growing Segment by Propulsion Type
8.71 %
Projected CAGR, Throttle Assisted, 2024-2029
Due to big motors and good speed capability, throttle-assisted bikes perform well in terrains, which attracts consumers and increases the sales of such bikes quickly over other types.
Leading Market Player
7.77 %
market share, Royal Dutch Gazelle, 2022
Diversified product offerings, e-bike testing centers for customers, and more than 100 bicycle shops in the country make Gazelle the largest market player across Denmark.
PROPULSION SEGMENT MARKET OVERVIEW
- In 2018, the Danish government granted access to e-bikes to utilize the dedicated bicycle lanes in the country, which may impact the sales of e-bikes positively. The Parliament approved speed pedelecs, a super electric bike that can achieve speeds of up to 45 kmph, to be used on cycling lanes in the country. The Danish Parliament also ruled that beginning July 1, 2018, people operating superbikes must be at least 15 years old and wear a helmet, with no requirement for a license or number plate.
- In 2019, Finland, Sweden, Norway, Denmark, and Iceland signed a declaration to work toward carbon neutrality. One of the important aspects of this declaration is to decarbonize the transport sector and encourage local companies, investors, local governments, organizations, and consumers to upscale their efforts toward carbon neutrality.
- However, accidents involving e-bikes have become more severe in the country. A report by the Danish Road Traffic Accident Investigation Board (AIB) deduced that age factors impacted a number of incidents, and riding an e-bike is more challenging for the elderly and those suffering from age-related disabilities. This factor may hinder the market's growth to a certain extent in the country.
Understand The Key Trends Shaping This Market
