Study Period | 2017 - 2029 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2029 |
Market Size (2025) | USD 15.33 Million |
Market Size (2029) | USD 19.95 Million |
CAGR (2025 - 2029) | 6.82 % |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Luxembourg E-bike Market Analysis
The Luxembourg E-bike Market size is estimated at 15.33 million USD in 2025, and is expected to reach 19.95 million USD by 2029, growing at a CAGR of 6.82% during the forecast period (2025-2029).
The Luxembourg e-bike market is experiencing a significant transformation driven by technological advancements and changing consumer preferences. Lithium-ion batteries have emerged as the dominant power source, accounting for 99.58% of the market in 2023, owing to their superior performance characteristics, including longer range, faster charging capabilities, and improved durability. Major manufacturers are increasingly focusing on innovative features, as exemplified by VanMoof's 2023 launch of new tech-integrated electric bikes featuring phone integration as dashboard displays and advanced onboard computing systems. This technological evolution reflects the industry's commitment to enhancing user experience and functionality.
The market landscape is characterized by strong competition and strategic partnerships among key players. Leading manufacturers are adopting various strategies to strengthen their market position, with companies like Accell Group partnering with online bike-sizing provider Smartfit to enhance their digital presence and customer experience. The industry has witnessed significant consolidation activities, with established players expanding their product portfolios through innovations and strategic collaborations to meet evolving consumer demands for more sophisticated and customized electric bicycle solutions.
Infrastructure development plays a crucial role in market growth, with Luxembourg currently maintaining approximately 600 kilometers of dedicated cycling paths. The government's ambitious plan to expand this network to 900 kilometers by 2028 demonstrates a strong commitment to sustainable transportation and urban mobility. This infrastructure expansion, coupled with supportive policies such as the government's subsidy program offering 50% cost coverage up to EUR 600 for e-bike purchases until March 2024, is creating a favorable environment for market growth.
The market is also being shaped by broader economic factors and consumer behavior shifts. Despite challenges such as the inflation rate reaching 6.9% in September 2022, the e-bike industry has remained resilient due to strong consumer interest in sustainable transportation alternatives. The industry is witnessing a trend toward premium segments, with manufacturers introducing high-end models featuring advanced materials, improved battery technology, and smart connectivity features. This premiumization trend is supported by Luxembourg's high purchasing power and growing environmental consciousness among consumers, further driving the shift towards electric mobility and micro mobility solutions.
Luxembourg E-bike Market Trends
Luxembourg exhibits steady growth in E-Bike adoption rates, reflecting an expanding market and consumer interest.
- The bicycle has gradually become one of the popular modes of daily commuting over the past few years in Luxembourg. Moreover, the launch of e-bikes has increased the demand for bicycles in recent years. Regular growth in pollution and traffic conditions along with a hike in fuel prices shifted people to opt for eco and pocket-friendly options. As a result, the adoption rate for e-bikes has increased in 2019 over 2018 in Luxembourg
- The pandemic wave in 2020 has created a positive impact on the e-bike market across various areas of Luxembourg. Factors such as priority to social distancing and fear of using public and rented transportation services have changed the commuting methods of the consumer which further has encouraged consumers to invest in e-bikes, as a convenient and price-friendly option for daily commuting to offices and nearby places. Such factors have accelerated the adoption rate in 2020 over 2019 across the country.
- Awareness of e-bikes among the population of the country is changing the commuting habits and vehicles in the country, factors such as effortless riding, no fuel expenses as compared to other vehicles, eco-friendly rides, affordable price of the vehicles, and exercising benefits are responsible for the growth of e-bikes. The country has witnessed an e-bike adoption rate in 2021 over 2020, which is projected to grow during the forecast period in Luxembourg.
Luxembourg exhibits a steady increase in the population commuting 5-15 km daily, reflecting evolving travel habits.
- The number of bicycle users in Luxembourg has increased significantly over the past several years due to the growing interest of people in safe and sustainable commuting ways. However, most people traveling to different locations, such as offices, businesses, or market areas, opted for public transportation, which was among the most commonly used methods. Less than 10% of people opted for bicycles (including e-bikes) to travel between 5 and 15 kilometers.
- The COVID-19 pandemic had a significant impact on the Luxembourg bicycle market. People opted to bike or walk to work rather than use public transportation to ensure social distancing. Following the pandemic, fewer individuals used public transport and chose bicycles, which increased the sales of bicycles by 22.50% in 2021 over 2020. The advancements in e-bikes and the introduction of cutting-edge features like longer battery lives encouraged more people to opt for bicycles, which resulted in a rise of 0.2% in the number of commuters using bicycles to travel 5-15 kilometers in Luxembourg in 2021 over 2020.
- People started riding bicycles to work regularly due to the removal of restrictions and the declining number of COVID-19 cases. Many people now commute daily on bicycles between workplaces, businesses, and nearby markets within a distance of 5 to 15 kilometers. Bicycling to work is becoming more popular due to the health advantages, zero emissions, and the time saved in avoiding traffic. Such factors are expected to increase the number of commuters traveling between 5 and 15 kilometers and result in them accounting for 78.7% of Luxembourg's population during the forecast period.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Luxembourg's bicycle sales peak in 2021, followed by a decline, suggesting a market adjusting after a period of increased demand.
- Luxembourg's inflation rates show a peak in 2022, followed by a stable outlook, indicating effective economic management.
- Luxembourg's e-bike battery prices show a consistent decrease, indicating market growth and increased efficiency.
- Luxembourg's modest but steady growth in dedicated bicycle lanes indicates a growing awareness and initiative towards cycling-friendly urban planning.
- Luxembourg's E-bike charging time is consistently reducing, highlighting the country's focus on sustainable transportation and efficient charging solutions.
- Luxembourg's exceptionally high GDP per capita highlights its economic prosperity and dominant financial services sector.
- Luxembourg's bicycle rental market, though smaller, exhibits steady growth, indicating a stable niche market with potential.
- Luxembourg's hyper-local delivery sector shows modest growth, indicating a gradual shift towards localized online consumer services.
- Luxembourg's modest but growing trekker numbers suggest an increasing interest in exploring its natural landscapes and recreational trails.
- Luxembourg's Traffic Congestion Index shows minor fluctuations, suggesting relatively stable but slightly variable traffic conditions.
Segment Analysis: Propulsion Type
Pedal-Assisted Segment in Luxembourg E-bike Market
The pedal-assisted segment dominates the Luxembourg e-bike market, commanding approximately 83% market share in 2024. This significant market position is attributed to several key factors, including the segment's alignment with EU regulations that limit motor assistance to 25 km/h and require pedaling activation. Pedelec e-bikes have gained widespread acceptance among urban commuters and recreational cyclists due to their intuitive operation and enhanced riding experience. The segment's growth is further supported by increasing adoption in bike-sharing systems across Luxembourg, with many cities incorporating pedal-assisted e-bikes into their sustainable transportation initiatives. These e-bikes are particularly popular for their ability to provide variable power assistance based on riding conditions, making them suitable for both daily commuting and leisure riding.

Throttle-Assisted Segment in Luxembourg E-bike Market
The throttle-assisted segment is projected to exhibit the fastest growth rate of approximately 7% during the forecast period 2024-2029. This accelerated growth is driven by increasing demand for e-bikes that offer easier operation, particularly in challenging terrains and urban traffic conditions. The segment's expansion is supported by technological advancements in throttle control systems, making them more responsive and energy-efficient. Despite regulatory requirements for insurance and licensing in some cases, throttle-assisted e-bikes are gaining popularity among delivery services and riders who prefer minimal physical exertion. The segment's growth is also bolstered by improvements in electric bicycle motor technology and motor efficiency, which enhance the overall riding experience and operational range.
Remaining Segments in Propulsion Type
The speed pedelec segment represents a niche but growing portion of the Luxembourg e-bike market. These high-performance e-bikes, capable of reaching speeds up to 45 km/h, cater to long-distance commuters and enthusiasts seeking faster transportation alternatives. While subject to stricter regulations including licensing requirements and mandatory insurance, speed pedelecs are gaining traction among urban professionals who need to cover longer distances efficiently. The segment's development is influenced by ongoing infrastructure improvements and dedicated cycling lanes in Luxembourg, making higher-speed e-bike commuting more feasible and safe.
Segment Analysis: Application Type
City/Urban Segment in Luxembourg E-bike Market
The City/Urban segment dominates the Luxembourg e-bike market, commanding approximately 76% market share in 2024, driven by increasing adoption of electric city bikes for daily commuting in urban areas. This significant market position is supported by Luxembourg's well-developed urban infrastructure and growing preference for sustainable transportation solutions in city centers. The segment's strong performance is further bolstered by government initiatives promoting cycling infrastructure and the rising awareness of electric commuter bikes as an efficient solution for urban mobility. Additionally, the integration of advanced features like smart connectivity and improved battery technology has made city/urban e-bikes more attractive to urban commuters looking for reliable and eco-friendly transportation options.
Cargo/Utility Segment in Luxembourg E-bike Market
The Cargo/Utility segment is emerging as the fastest-growing category in the Luxembourg e-bike market, projected to experience robust growth from 2024 to 2029. This growth is primarily driven by the increasing adoption of electric cargo bikes for last-mile delivery services and small business operations in urban areas. The segment's expansion is further supported by the rising e-commerce activities and the growing need for sustainable delivery solutions in Luxembourg's cities. Environmental regulations favoring zero-emission vehicles for commercial purposes, coupled with the cost-effectiveness of electric cargo bikes compared to traditional delivery vehicles, are also contributing to this segment's accelerated growth trajectory.
Remaining Segments in Application Type
The Trekking segment represents a significant portion of the Luxembourg e-bike market, catering to recreational cyclists and adventure enthusiasts. This segment has established itself as an important category by offering specialized features suitable for both on-road and off-road cycling experiences. The trekking e-bikes segment benefits from Luxembourg's diverse terrain and growing interest in outdoor recreational activities. The segment's development is supported by technological advancements in motor systems and battery efficiency, making these bikes more capable of handling varied terrains while providing extended range for longer adventures.
Segment Analysis: Battery Type
Lithium-ion Battery Segment in Luxembourg E-bike Market
The Lithium-ion Battery segment dominates the Luxembourg e-bike market, commanding approximately 99% market share in 2024, driven by its superior technological advantages and performance characteristics. This segment's prominence is attributed to several key factors including the batteries' extended lifespan of 2,000-3,000 cycles, significantly lighter weight compared to alternative options, and rapidly improving charging capabilities that enable longer range operations. The segment's growth is further bolstered by continuous technological advancements in electric bicycle battery technology, resulting in enhanced energy density and power output capabilities. Manufacturers are increasingly investing in research and development to improve electric bicycle battery performance while simultaneously working to reduce production costs. The segment's expansion is also supported by growing consumer preference for high-performance e-bikes that offer reliable and efficient power delivery systems. Additionally, the increasing focus on sustainable transportation solutions and government initiatives promoting electric mobility have created a favorable environment for lithium-ion battery adoption in e-bikes across Luxembourg.
Lead Acid Battery Segment in Luxembourg E-bike Market
The Lead Acid Battery segment in Luxembourg's e-bike market is experiencing a significant decline and is expected to be completely phased out by 2025. Despite their initial advantages of being affordable and simple to manufacture, lead acid batteries face substantial limitations that have led to their decreasing market relevance. These batteries suffer from several drawbacks, including their considerably heavier weight - approximately three times that of lithium-ion alternatives - which negatively impacts the overall e-bike performance and user experience. The segment's decline is further accelerated by the limited lifespan of lead acid batteries, which only offer 500-1,000 cycles compared to the superior longevity of lithium-ion options. Environmental concerns and stricter regulations regarding lead content in batteries have also contributed to the segment's diminishing presence in the market. Additionally, the higher maintenance requirements and lower energy density of lead acid batteries make them increasingly less attractive to both manufacturers and consumers, leading to their gradual obsolescence in the Luxembourg e-bike market.
Luxembourg E-bike Industry Overview
Top Companies in Luxembourg E-bike Market
The Luxembourg e-bike market is characterized by continuous innovation and strategic expansion from key players. Companies are focusing on developing advanced technological features like integrated mobile connectivity, smart dashboards, and enhanced battery performance to differentiate their offerings. Manufacturers are increasingly investing in lightweight materials and improved motor systems while expanding their product portfolios to cover various segments, from urban commuting to cargo delivery. Strategic partnerships with online bike-sizing providers and technology companies are becoming common to enhance customer experience and market reach. Companies are also emphasizing sustainable manufacturing practices and establishing local service networks to strengthen their market position while simultaneously expanding their distribution channels through both traditional and digital platforms.
Market Led By European Manufacturing Giants
The Luxembourg electric bike market is dominated by established European manufacturers, particularly from the Netherlands and Germany, who leverage their strong manufacturing capabilities and extensive distribution networks. These companies bring decades of cycling expertise and substantial research and development resources to the market. The landscape is moderately consolidated, with major players like Accell Group, VanMoof, and Batavus Intercycle Corporation holding significant market share, while smaller local specialists like Andy Schleck Cycles maintain their presence through specialized offerings and local market knowledge.
The market is experiencing ongoing consolidation through strategic acquisitions and partnerships, as larger conglomerates seek to expand their technological capabilities and market presence. Companies are increasingly focusing on vertical integration, from manufacturing to after-sales service, to maintain competitive advantages. Local players are forming strategic alliances with global manufacturers to enhance their product offerings and distribution capabilities, while international players are establishing dedicated service centers and experience zones to strengthen their local market presence.
Innovation and Service Drive Future Success
Success in the Luxembourg e-bike market increasingly depends on companies' ability to innovate while maintaining strong local service networks. Incumbent players are focusing on developing comprehensive ecosystem solutions, including mobile apps, connected features, and customization options, while expanding their after-sales service networks. Companies are also investing in sustainable manufacturing practices and circular economy initiatives to align with Luxembourg's environmental policies and consumer preferences. The ability to offer flexible ownership models, including leasing and subscription services, is becoming crucial for market success.
Market contenders can gain ground by focusing on specific market segments or innovative business models, such as specialized e-cargo bikes for urban delivery or premium performance electric bikes for enthusiasts. Success factors include developing strong relationships with local dealers, offering superior customer service, and maintaining agility in product development to respond to changing consumer preferences. Companies must also navigate evolving regulations regarding electric bicycle specifications and safety standards while preparing for potential changes in subsidy schemes that could impact market dynamics. Building strong brand recognition through community engagement and local partnerships remains crucial for long-term success.
Luxembourg E-bike Market Leaders
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A. Winther A/S
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Accell Group
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Andy Schleck Cycles
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Batavus Intercycle Corporation
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Van Moof BV
- *Disclaimer: Major Players sorted in no particular order
Luxembourg E-bike Market News
- August 2022: VanMoof released S3 Aluminum, a streamlined, high-end e-bike. It includes raw welding and a brushed metal frame.
- August 2022: Haibike officially announced its new Yamaha PW-X2-powered ALLMTN 7 in an all-new design with a carbon fiber frame, Fox Float suspension, and Shimano XT drivetrain and brakes.
- May 2022: The Accell Group teamed up with the online bike sizing service, Smartfit, to improve its online presence.
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.
Luxembourg E-bike Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Bicycle Sales
- 4.2 GDP Per Capita
- 4.3 Inflation Rate
- 4.4 Adoption Rate Of E-bikes
- 4.5 Percent Population/commuters With 5-15 Km Daily Travel Distance
- 4.6 Bicycle Rental
- 4.7 E-bike Battery Price
- 4.8 Price Chart Of Different Battery Chemistry
- 4.9 Hyper-local Delivery
- 4.10 Dedicated Bicycle Lanes
- 4.11 Number Of Trekkers
- 4.12 Battery Charging Capacity
- 4.13 Traffic Congestion Index
- 4.14 Regulatory Framework
- 4.15 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Propulsion Type
- 5.1.1 Pedal Assisted
- 5.1.2 Speed Pedelec
- 5.1.3 Throttle Assisted
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5.2 Application Type
- 5.2.1 Cargo/Utility
- 5.2.2 City/Urban
- 5.2.3 Trekking
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5.3 Battery Type
- 5.3.1 Lead Acid Battery
- 5.3.2 Lithium-ion Battery
- 5.3.3 Others
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 A. Winther A/S
- 6.4.2 Accell Group
- 6.4.3 Andy Schleck Cycles
- 6.4.4 Batavus Intercycle Corporation
- 6.4.5 HF Christiansen A/S (Principia bikes)
- 6.4.6 M1 Sporttechnik
- 6.4.7 Ride1Up
- 6.4.8 Royal Dutch Gazelle
- 6.4.9 Van Moof BV
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR E BIKES CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- CONVETIONAL AND E-BIKE SALES, VOLUME IN UNITS, LUXEMBOURG, 2017 - 2029
- Figure 2:
- GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, LUXEMBOURG, 2017 - 2029
- Figure 3:
- INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, LUXEMBOURG, 2017 - 2029
- Figure 4:
- E-BIKE MARKET PENETRATION RATE, VOLUME PERCENTAGE, LUXEMBOURG, 2017 - 2029
- Figure 5:
- PROPORTION OF 5-15 KM DAILY TRAVELERS, PERCENTAGE, LUXEMBOURG, 2017 - 2029
- Figure 6:
- BICYCLE RENTAL SERVICE MARKET, REVENUE IN USD, LUXEMBOURG, 2017 - 2029
- Figure 7:
- COST OF LI-ION BATTERIES FOR E-BIKES, VALUE IN USD PER KWH, LUXEMBOURG, 2017 - 2029
- Figure 8:
- E-BIKE BATTERY TYPE PRICE COMPARISON, USD PER KWH, LUXEMBOURG, 2017 - 2029
- Figure 9:
- HYPER LOCAL DELIVERY SERVICE MARKET, REVENUE IN USD, LUXEMBOURG, 2017 - 2029
- Figure 10:
- LENGTH OF DEDICATED BICYCLE LANES, KM, LUXEMBOURG, 2017 - 2022
- Figure 11:
- TREKKER POPULATION, UNIT, LUXEMBOURG, 2017 - 2029
- Figure 12:
- AVERAGE CHARGING TIME OF E-BIKE BATTERIES, HOURS, LUXEMBOURG, 2017 - 2029
- Figure 13:
- TRAFFIC CONGESTION INTENSITY INDEX, LUXEMBOURG, 2017 - 2022
- Figure 14:
- LUXEMBOURG E-BIKE MARKET, VOLUME, UNITS, 2017 - 2029
- Figure 15:
- LUXEMBOURG E-BIKE MARKET, VALUE, USD MILLION, 2017 - 2029
- Figure 16:
- LUXEMBOURG E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 17:
- LUXEMBOURG E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
- Figure 18:
- LUXEMBOURG E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 19:
- LUXEMBOURG E-BIKE MARKET, BY PROPULSION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 20:
- E-BIKE MARKET, BY PROPULSION TYPE, PEDAL ASSISTED, VOLUME, UNITS, LUXEMBOURG, 2017 - 2029
- Figure 21:
- E-BIKE MARKET, BY PROPULSION TYPE, PEDAL ASSISTED, VALUE, USD, LUXEMBOURG, 2017 - 2029
- Figure 22:
- BREAKDOWN OF PEDAL ASSISTED E-BIKE MARKET BY APPLICATION TYPE, REVENUE SHARE (%), LUXEMBOURG, 2023 VS 2029
- Figure 23:
- E-BIKE MARKET, BY PROPULSION TYPE, SPEED PEDELEC, VOLUME, UNITS, LUXEMBOURG, 2017 - 2029
- Figure 24:
- E-BIKE MARKET, BY PROPULSION TYPE, SPEED PEDELEC, VALUE, USD, LUXEMBOURG, 2017 - 2029
- Figure 25:
- BREAKDOWN OF SPEED PEDELEC E-BIKE MARKET BY APPLICATION TYPE, REVENUE SHARE (%), LUXEMBOURG, 2023 VS 2029
- Figure 26:
- E-BIKE MARKET, BY PROPULSION TYPE, THROTTLE ASSISTED, VOLUME, UNITS, LUXEMBOURG, 2017 - 2029
- Figure 27:
- E-BIKE MARKET, BY PROPULSION TYPE, THROTTLE ASSISTED, VALUE, USD, LUXEMBOURG, 2017 - 2029
- Figure 28:
- BREAKDOWN OF THROTTLE ASSISTED E-BIKE MARKET BY APPLICATION TYPE, REVENUE SHARE (%), LUXEMBOURG, 2023 VS 2029
- Figure 29:
- LUXEMBOURG E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 30:
- LUXEMBOURG E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 31:
- LUXEMBOURG E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 32:
- LUXEMBOURG E-BIKE MARKET, BY APPLICATION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 33:
- E-BIKE MARKET, BY APPLICATION TYPE, CARGO/UTILITY, VOLUME, UNITS, LUXEMBOURG, 2017 - 2029
- Figure 34:
- E-BIKE MARKET, BY APPLICATION TYPE, CARGO/UTILITY, VALUE, USD, LUXEMBOURG, 2017 - 2029
- Figure 35:
- BREAKDOWN OF CARGO/UTILITY E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), LUXEMBOURG, 2023 VS 2029
- Figure 36:
- E-BIKE MARKET, BY APPLICATION TYPE, CITY/URBAN, VOLUME, UNITS, LUXEMBOURG, 2017 - 2029
- Figure 37:
- E-BIKE MARKET, BY APPLICATION TYPE, CITY/URBAN, VALUE, USD, LUXEMBOURG, 2017 - 2029
- Figure 38:
- BREAKDOWN OF CITY/URBAN E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), LUXEMBOURG, 2023 VS 2029
- Figure 39:
- E-BIKE MARKET, BY APPLICATION TYPE, TREKKING, VOLUME, UNITS, LUXEMBOURG, 2017 - 2029
- Figure 40:
- E-BIKE MARKET, BY APPLICATION TYPE, TREKKING, VALUE, USD, LUXEMBOURG, 2017 - 2029
- Figure 41:
- BREAKDOWN OF TREKKING E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), LUXEMBOURG, 2023 VS 2029
- Figure 42:
- LUXEMBOURG E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 43:
- LUXEMBOURG E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 44:
- LUXEMBOURG E-BIKE MARKET, BY BATTERY TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 45:
- LUXEMBOURG E-BIKE MARKET, BY BATTERY TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 46:
- E-BIKE MARKET, BY BATTERY TYPE, LEAD ACID BATTERY, VOLUME, UNITS, LUXEMBOURG, 2017 - 2029
- Figure 47:
- E-BIKE MARKET, BY BATTERY TYPE, LEAD ACID BATTERY, VALUE, USD, LUXEMBOURG, 2017 - 2029
- Figure 48:
- BREAKDOWN OF LEAD ACID BATTERY E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), LUXEMBOURG, 2023 VS 2029
- Figure 49:
- E-BIKE MARKET, BY BATTERY TYPE, LITHIUM-ION BATTERY, VOLUME, UNITS, LUXEMBOURG, 2017 - 2029
- Figure 50:
- E-BIKE MARKET, BY BATTERY TYPE, LITHIUM-ION BATTERY, VALUE, USD, LUXEMBOURG, 2017 - 2029
- Figure 51:
- BREAKDOWN OF LITHIUM-ION BATTERY E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), LUXEMBOURG, 2023 VS 2029
- Figure 52:
- E-BIKE MARKET, BY BATTERY TYPE, OTHERS, VOLUME, UNITS, LUXEMBOURG, 2017 - 2029
- Figure 53:
- E-BIKE MARKET, BY BATTERY TYPE, OTHERS, VALUE, USD, LUXEMBOURG, 2017 - 2029
- Figure 54:
- BREAKDOWN OF OTHERS E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), LUXEMBOURG, 2023 VS 2029
- Figure 55:
- LUXEMBOURG E-BIKE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
- Figure 56:
- LUXEMBOURG E-BIKE MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
- Figure 57:
- LUXEMBOURG E-BIKE MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2022
Luxembourg E-bike Industry Segmentation
Pedal Assisted, Speed Pedelec, Throttle Assisted are covered as segments by Propulsion Type. Cargo/Utility, City/Urban, Trekking are covered as segments by Application Type. Lead Acid Battery, Lithium-ion Battery, Others are covered as segments by Battery Type.Propulsion Type | Pedal Assisted |
Speed Pedelec | |
Throttle Assisted | |
Application Type | Cargo/Utility |
City/Urban | |
Trekking | |
Battery Type | Lead Acid Battery |
Lithium-ion Battery | |
Others |
Market Definition
- By Application Type - E-bikes considered under this segment include city/urban, trekking, and cargo/utility e-bikes. The common types of e-bikes under these three categories include off-road/hybrid, kids, ladies/gents, cross, MTB, folding, fat tire, and sports e-bike.
- 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. |
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