Market Size of germany e-bike Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2017 - 2029 | |
Market Size (2024) | USD 8.31 Billion | |
Market Size (2029) | USD 12.46 Billion | |
Largest Share by Propulsion Type | Pedal Assisted | |
CAGR (2024 - 2029) | 8.42 % | |
Fastest Growing by Propulsion Type | Throttle Assisted | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Germany E-bike Market Analysis
The Germany E-bike Market size is estimated at 8.31 billion USD in 2024, and is expected to reach 12.46 billion USD by 2029, growing at a CAGR of 8.42% during the forecast period (2024-2029).
8.31 Billion
Market Size in 2024 (USD)
12.46 Billion
Market Size in 2029 (USD)
27.15 %
CAGR (2017-2023)
8.42 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
79.90 %
value share, Pedal Assisted, 2023
The German market was dominated by the pedal-assisted e-bike segment mainly because pedal-assisted e-bikes do not require registration and licensing and face lesser regulations than other categories.
Largest Segment by Application Type
71.33 %
value share, City/Urban, 2023
City/urban bikes are the most used and demanding bikes as a result of the increased awareness of their advantages, such as speedier commuting in traffic-congested regions and easier parking.
Largest Segment by Battery Type
99.74 %
value share, Lithium-ion Battery, 2023
Lithium-ion batteries are the largest used battery type due to various advantages over conventional batteries, such as quick charging, long life span, and long-range offerings.
Fastest-growing Segment by Propulsion Type
8.46 %
Projected CAGR, Throttle Assisted, 2024-2029
A rise in leisure activities, including off-road riding and long-distance trips, and the consumer preference for speedy bikes over cars for daily commutes are making speed pedelec the fastest-growing segment in the market.
Leading Market Player
19.02 %
market share, MHW Bike-House GmbH (Cube Bikes), 2022
A strong product portfolio that offers more than 290 products and a vast collection of clothing and accessories make Cube the largest market player in Germany.
PROPULSION SEGMENT MARKET OVERVIEW
- Germany is one of the leading regions of the European e-bike industry. Some of the major factors driving sales in the e-bike market are the innovative features of the products, fully integrated batteries and drives, appealing designs, and the use of high-quality materials.
- Players like VW and Gazelle unveiled new e-cargo bikes at the 2018 IAA (Internationale Automobil-Ausstellung) Commercial Vehicles exhibition in Hannover, Germany, to address the demands of the logistics industry. One of the Pon Bike Group's companies, Gazelle, collaborated with Aluca and DOCKR (mobility as a services (MaaS) start-up) to produce the Gazell D10 cargo e-bike model. The new cargo e-bike, known as the light electrical freight transporter (LEFT), has a capacity of 100 kg and can carry up to two conventional carriage boxes with Euro Pallet dimensions (1,200*800*1,100 mm). A 250 W Bosch Performance CX motor and a 1000 Wh battery are included with the LEFT.
- Germany's government and citizens are expected to switch to electric vehicles as gasoline prices increase and people grow more environmentally conscious. Speed pedelecs are expected to overtake the pedal-assisted bicycles as the most practical mode of transportation, even if they are best for shorter trips. Speed pedelecs will likely become more popular as power and speed capabilities advance.