Market Size of italy e-bike Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 0.88 Billion |
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Market Size (2029) | USD 1.25 Billion |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 7.29 % |
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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 |
Italy E-bike Market Analysis
The Italy E-bike Market size is estimated at 0.88 billion USD in 2024, and is expected to reach 1.25 billion USD by 2029, growing at a CAGR of 7.29% during the forecast period (2024-2029).
0.88 Billion
Market Size in 2024 (USD)
1.25 Billion
Market Size in 2029 (USD)
19.21 %
CAGR (2017-2023)
7.29 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
76.20 %
value share, Pedal Assisted, 2023
Low cost, long battery life, less maintenance cost, and three to five pedal assist modes, depending on the model, are the factors that led to the higher sales of pedal-assisted bikes than other propulsion types.
Largest Segment by Application Type
77.89 %
value share, City/Urban, 2023
The awareness about the benefits of choosing bicycles over other vehicles for daily commutes to nearby places like offices, businesses, and marketplaces is making city/urban bikes the largest segment by application type.
Largest Segment by Battery Type
99.98 %
value share, Lithium-ion Battery, 2023
Lithium-ion batteries are the largest segment by battery type due to their lightweight, quick-charging capability, high range, extended lifespan, and high energy.
Fastest-growing Segment by Propulsion Type
7.33 %
Projected CAGR, Throttle Assisted, 2024-2029
The throttle-assisted bike segment is the fastest-growing segment by propulsion type, as bikes with throttle systems move quickly in different terrains, saving time and effort. The high speed of throttle-assisted bikes is attracting consumers.
Leading Market Player
9.55 %
market share, Giant Manufacturing Co. Ltd., 2022
High brand awareness, strong product lines, great R&D capabilities focused on innovation, and a wide range of product offerings are making Giant the largest market player in Italy.
PROPULSION SEGMENT MARKET OVERVIEW
- Italy is one of the leading regions of the European e-bike market. Some major factors driving sales in the Italian e-bike market are innovative product features, fully integrated batteries and drives, appealing designs, and 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, Italy, to address the demand from the logistics industry. One of 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. The new cargo e-bike, known as the light electrical freight transporter (LEFT), has a capacity of 100 kilograms and can carry up to two conventional carriage boxes with Euro Pallet dimensions (1,200*800*1,100 millimeters).
- The market is also being driven by the growing awareness of the need to take action to cut back on personal vehicle usage, switch to zero-emission cars, and decarbonize the freight industry and public transportation. Italy's government and citizens are expected to switch to electric vehicles as gasoline prices increase and people become more environmentally conscious. The speed pedelec will soon overtake the pedal-assisted bicycle as the most practical mode of transportation, even if it is best for shorter trips. Speed pedelecs will likely become more popular as power and speed capabilities advance. Owing to these factors, the Italian e-bike market is expected to grow over the forecast period.
Understand The Key Trends Shaping This Market
