Electric Bicycles - Germany | Statista Market Forecast

Revenue in the Electric Bicycles market in Germany is forecasted to reach US$6.67bn in 2024.
This projection anticipates an annual growth rate (CAGR 2024-2029) of 1.00%, leading to a market volume of US$7.01bn by 2029.
Unit sales in the Electric Bicycles market in Germany are expected to reach 2.23m bicycles by 2029.
The volume weighted average price of Electric Bicycles market in Germany is estimated to be US$3.19k in 2024.
Looking at the global perspective, China is poised to generate the highest revenue in the Electric Bicycles market worldwide, with US$12bn in 2024.
In Germany, the Electric Bicycles market is experiencing a surge in demand due to preference for eco-friendly transportation options.

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 Germany is facing a negligible decline in growth rate, influenced by factors such as limited government support and high upfront costs. However, increasing environmental awareness and rising demand for sustainable transportation options are expected to drive market growth in the coming years.

Customer preferences: Consumers in Germany are increasingly gravitating towards environmentally-friendly transportation options, leading to a rise in demand for electric bicycles. This trend is driven by a growing awareness of sustainability and the desire for a more active lifestyle. Additionally, the aging population in Germany has also contributed to the popularity of electric bicycles, as they offer a more accessible and convenient mode of transportation for older individuals.

Trends in the market: In Germany, the Electric Bicycles Market within the Bicycles Market is experiencing a surge in demand due to the increasing environmental consciousness and desire for alternative modes of transportation. This trend is expected to continue as the government promotes sustainable transportation through incentives and subsidies for electric bike purchases. Additionally, the rise of e-commerce and delivery services has led to a growing need for efficient and eco-friendly delivery methods, further driving the demand for electric bicycles. This presents opportunities for industry stakeholders to tap into a rapidly expanding market and cater to the evolving needs of consumers.

Local special circumstances: In Germany, the Electric Bicycles Market within the Bicycles Market is thriving due to the country's strong emphasis on sustainability and environmental awareness. The government has implemented policies to promote the use of electric vehicles, including electric bicycles, as a means of reducing carbon emissions. Additionally, the country's extensive network of bike paths and bike-friendly infrastructure makes it an ideal market for electric bicycles. The popularity of e-bikes is also driven by the high cost of car ownership and the desire for a more affordable and convenient mode of transportation.

Underlying macroeconomic factors: The Electric Bicycles Market within the Bicycles Market in Germany is greatly influenced by macroeconomic factors such as government initiatives promoting sustainable transportation and increasing investments in renewable energy sources. Additionally, the growing awareness about environmental conservation and the rising fuel prices are driving the demand for electric bicycles in the country. Furthermore, the strong economic growth and high disposable incomes of the German population have contributed to the increasing adoption of electric bicycles as a mode of transportation.

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.