Market Size of switzerland e-bike Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 441.91 Million |
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Market Size (2029) | USD 621.43 Million |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 7.06 % |
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Fastest Growing by Propulsion Type | Speed Pedelec |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Switzerland E-Bike Market Analysis
The Switzerland E-bike Market size is estimated at 441.91 million USD in 2024, and is expected to reach 621.43 million USD by 2029, growing at a CAGR of 7.06% during the forecast period (2024-2029).
441.91 Million
Market Size in 2024 (USD)
621.43 Million
Market Size in 2029 (USD)
19.52 %
CAGR (2017-2023)
7.06 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
70.43 %
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 responsible for the higher sales of pedal-assisted bikes than other propulsion types.
Largest Segment by Application Type
76.78 %
value share, City/Urban, 2023
City/urban bike is the largest category in application type due to the increased awareness about the benefits of cycling, such as quicker travel times in traffic, easy parking, and fuel savings.
Largest Segment by Battery Type
100 %
value share, Lithium-ion Battery, 2023
Declining prices as technology ages, fast-charging ability, durability, lesser weight, and increased range than lead-acid batteries are the factors that make the lithium-ion battery segment the largest battery type.
Fastest-growing Segment by Propulsion Type
8.20 %
Projected CAGR, Speed Pedelec, 2024-2029
The speed pedelec segment is the fastest-growing segment by propulsion type due to the growth in leisure activities, like off-road riding and long-distance travel, and people’s preference for bikes over cars for daily commutes.
Leading Market Player
19.18 %
market share, Swiss E-Mobility Group (SEMG), 2022
Swiss E-Mobility Group (SEMG) runs the largest pure-play E-bikes shop chain in Switzerland. The company sells bicycles under various Swiss brands such as Allegro, Cilo, Simpel, and Zenith bikes.
PROPULSION SEGMENT MARKET OVERVIEW
- Initially, the COVID-19 pandemic slowed the expansion of the e-bike sector. However, with the increased importance of personal vehicles over public transport during the pandemic, consumers in Switzerland began to shift toward e-bikes as a daily commuting option. Individuals are also looking for a single-person commute that saves fuel costs while avoiding traffic.
- The local governments in the country are providing subsidies to increase the sales of e-bikes. For instance, in Geneva, the maximum purchase price of an e-bike is CHF 250 (maximum 50% purchase price), while that of a cargo bike is CHF 500 (maximum 10% of the price).
- New companies are looking to enter this fragmented market, while established players are adopting various growth strategies, such as collaboration and expansion, to increase their revenues. For instance, in June 2021, following the success of its pilot project with the city of Zug, AirBie collaborated with Swiss e-bike manufacturer Flyer AG to start an open-access e-bike sharing service in Zug, Baar, and Cham. Thus, due to such factors, the demand for e-bikes in the country has been growing rapidly and may continue to grow over the forecast period.
Understand The Key Trends Shaping This Market
