Electric Bicycles - Austria | Statista Market Forecast

In Austria, the revenue in the Electric Bicycles market is forecasted to reach US$1.38bn by 2024.
The revenue is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 3.89%, leading to a projected market volume of US$1.68bn by 2029.
The unit sales in the Electric Bicycles market are estimated to hit 347.70k bicycles in 2029.
The volume weighted average price of Electric Bicycles market in the market in 2024 is projected to be US$4.70k.
Looking at in Austria, it is evident that the highest revenue will be generated China, amounting to US$12bn in 2024.
In Austria, the Electric Bicycles market is surging, with a growing demand for eco-friendly transportation options in urban areas.

Definition:

Electric bicycles are means of transport designed to transport people and goods for professional and private purposes. They are used for leisure activities such as travelling or for physical exercise. Depending on the specific purpose and rider, bicycles come in different shapes and features.

They are powered by combination of human strength and by electrically powered motors.

In recent years, different renting models have been established such as bike-sharing, in which bicycles can be rented for a defined period in exchange for a fee. These rented bikes are not included in this market outlook. Only bikes that were purchased for ownership are covered.

Structure:

The electric bicycles market covers all types of bicycles with electrical assistance, including road and racing bicycles, off-road bicycles, and special purpose bicycles. However, motorcycles, scooters, mopeds, secondhand bicycles, as well as bikes purchased by bike-sharing services are not included.

Additional information:

The market comprises the number of bicycles sold, the average price paid per bicycle, revenue, and revenue growth as the key performance indicators. Revenue is derived as the product of the average price per bicycle times the number of bicycles purchased. Therefore, revenue excludes any profits from bike-sharing fees. Revenues are including VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.

Electric Road and racing bicycles such as cruiser, e-standard, e-gravel road-,e-touring-, and e-fixed gear bikes

Motorcycles, scooters, mopeds, regular bicycles
Secondhand bicycles
Bike-sharing bicycles
Rented bicycles

The electric bicycles market in Austria is experiencing minimal growth, influenced by factors such as limited infrastructure and high prices. Despite this, the market is still driven by increasing consumer interest in sustainable transportation options.

Customer preferences: With the rise of environmental consciousness and a growing concern for sustainable transportation options, the demand for electric bicycles in Austria has significantly increased. This trend is also driven by the country's well-developed cycling infrastructure and the government's incentives for electric vehicle adoption. Additionally, the emergence of e-bikes as a convenient and cost-effective mode of transportation has appealed to a wide range of demographics, including urban commuters and leisure riders. This shift towards electric bicycles is also indicative of a growing trend towards eco-friendly and efficient modes of transportation in the country.

Trends in the market: In Austria, the Electric Bicycles Market within the Bicycles Market is experiencing a surge in demand, driven by the increasing awareness of the benefits of electric bikes and the growing trend towards sustainable transportation. This trend is expected to continue in the coming years, with the government providing incentives and subsidies to promote the use of electric bikes. This shift towards eco-friendly transportation is not only significant for the environment but also presents opportunities for industry stakeholders to tap into a growing market. Additionally, advancements in technology, such as the integration of electric bikes with smart devices, are expected to further drive the growth of the Electric Bicycles Market in Austria.

Local special circumstances: In Austria, the Electric Bicycles Market is thriving due to the country's strong cycling culture and its focus on sustainability. The government's support for green transportation options has also contributed to the growth of the market. Additionally, the country's hilly terrain and picturesque landscapes make electric bicycles a popular choice for both commuters and tourists. The market is also influenced by strict regulations on emissions and noise levels, driving the demand for eco-friendly transportation solutions.

Underlying macroeconomic factors: The Electric Bicycles Market within the Bicycles Market in Austria is influenced by macroeconomic factors such as government initiatives promoting sustainable transportation, technological advancements in the electric vehicle industry, and increasing consumer awareness about the environmental and health benefits of electric bicycles. The country's strong economy and stable political environment also support market growth, as well as favorable fiscal policies and incentives for electric vehicle adoption. Moreover, the growing trend towards urbanization and rising concerns about air pollution are driving the demand for electric bicycles in Austria, creating a favorable market outlook.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of electric bicycles and the respective average prices for bicycles.

Modeling approach:

Market sizes are determined through a Bottom-Up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use publications of industry associations, expert blogs, and data provided by governments and scientific institutions. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, and consumer spending per capita (based on current prices). This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the ARIMA time series forecast and forecasts based on previous growth rates are well suited for forecasting the future demand for bicycles due to the brick and mortar nature of this market. The main drivers are GDP, consumer spending per capita, and population.

Additional notes:

The data is modeled using current exchange rates. The market is updated once a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

The bicycle market in Germany has been enjoying dynamic development for a very long time. Bicycles are a popular way to get around in both urban and rural areas, with young children learning to ride firmly entrenched in the national culture. Germany has a variety of scenic bike routes, but looking out for bike lanes in a city is a daily part of life both for cyclists and pedestrians. Many cyclists value the multiple advantages cycling brings – physical activity, saving money by foregoing commuting with public transport or driving, and the eco-friendly aspect. A German city, Munster, even made it on the list of the eight most bike-friendly cities in the world in 2022.