Market Size of luxembourg e-bike Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 14.17 Million |
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Market Size (2029) | USD 19.95 Million |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 7.09 % |
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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 |
Luxembourg E-bike Market Analysis
The Luxembourg E-bike Market size is estimated at 14.17 million USD in 2024, and is expected to reach 19.95 million USD by 2029, growing at a CAGR of 7.09% during the forecast period (2024-2029).
14.17 Million
Market Size in 2024 (USD)
19.95 Million
Market Size in 2029 (USD)
16.09 %
CAGR (2017-2023)
7.09 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
79.76 %
value share, Pedal Assisted, 2023
E-bikes with pedal assistance produce more power from the motor, allowing riders to pedal more quickly and easily, further saving time and money. This factor has made pedal assisted the largest segment.
Largest Segment by Application Type
75.61 %
value share, City/Urban, 2023
People’s daily commute by bike to nearby locations like offices, schools, and marketplaces is increasing rapidly, making city/urban bikes the largest application type.
Largest Segment by Battery Type
99.58 %
value share, Lithium-ion Battery, 2023
Due to their lightweight design, extended operating range, quick charging, lifespan, and steadily falling price as technology develops, lithium-ion batteries are the largest used battery type.
Fastest-Growing Segment by Propulsion Type
7.13 %
Projected CAGR, Throttle Assisted, 2024-2029
Going swiftly on terrain, saving time, putting in less effort, and reaching higher speeds are the factors drawing customers to buy bikes with throttle systems, hence making throttle assist the fastest-growing segment.
Leading Market Player
17.20 %
market share, Royal Dutch Gazelle, 2022
Royal Dutch Gazelle, one of the oldest Dutch brands with a wide customer reach and an operating subsidiary of the Accell Group, is making itself well-known in Luxembourg.
PROPULSION SEGMENT MARKET OVERVIEW
- The COVID-19 pandemic initially hindered the e-bike industry's growth in Luxembourg. Consumers in Luxembourg started to favor e-bikes after the pandemic because it made private transportation preferable to public transportation. Riders began converting to single-person transit because it uses less fuel and avoids congestion and crowds.
- The e-bike market in Luxembourg is still in its early stages and is expected to develop at the quickest rate over the coming years. The rapid development of micro-mobility infrastructure in the area is the main factor causing the market to record tremendous growth.
- With fuel prices continuously rising, the government and consumers will turn toward electric mobility. Since the pedal-assisted bicycle is better suited for shorter distances, speed pedelec is expected to be the most practical option in the near future. As the power and speed capabilities of e-bikes improve, consumers will likely gravitate toward speed pedelecs over the coming years. Since Luxembourg has legislation limiting the use of throttle-assisted e-bikes, they are far less common than pedal-assisted e-bikes.
Understand The Key Trends Shaping This Market
