Electric Bicycles - Poland | Statista Market Forecast

In 2024, revenue in the Electric Bicycles market in Poland is forecasted to reach US$752.30m.
The revenue is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 3.53%, leading to a projected market volume of US$894.70m by 2029.
Unit sales in the Electric Bicycles market in Poland are expected to reach 370.00k bicycles in 2029.
The volume weighted average price of Electric Bicycles market in the Polish market in 2024 is expected to be US$2.31k.
When considering in Poland on a global scale, it is evident that China will generate the most revenue, amounting to US$12bn in 2024.
In Poland, the Electric Bicycles market is experiencing a surge in demand due to increasing interest in 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 Poland has seen minimal growth due to factors such as low consumer awareness, limited infrastructure, and high costs. Despite this, the market is expected to grow as the government promotes eco-friendly transportation options.

Customer preferences: With the rise of environmental awareness and the growing need for sustainable transportation options, there has been a noticeable increase in consumer interest in electric bicycles in Poland. This trend is further fueled by the country's efforts to promote eco-friendly initiatives and reduce carbon emissions. Additionally, the growing popularity of electric bicycles can also be attributed to the increasing traffic congestion in urban areas, making them a convenient and efficient mode of transportation. Furthermore, the younger generation's inclination towards technology and the desire for a healthier lifestyle have also contributed to the growing demand for electric bicycles.

Trends in the market: In Poland, the Electric Bicycles market is experiencing a surge in demand, driven by the increasing awareness of environmental sustainability and the rising popularity of e-bikes among commuters. This trend is expected to continue in the coming years, as the government is promoting the use of electric vehicles and investing in infrastructure for e-bikes. This presents opportunities for industry stakeholders, such as manufacturers and retailers, to capitalize on the growing market. Additionally, the rise of e-commerce and online retail channels is making it easier for consumers to purchase electric bicycles, further fueling the growth of the market.

Local special circumstances: In Poland, the Electric Bicycles market is experiencing growth due to the country's growing focus on sustainability and eco-friendly transportation options. With the government's initiatives to reduce carbon emissions and promote green transportation, the demand for electric bicycles has increased. Additionally, the country's strong cycling culture and well-developed cycling infrastructure have also contributed to the market's growth. Moreover, the rising trend of e-commerce and online shopping in Poland has led to the emergence of online retailers specializing in electric bicycles, further driving market growth.

Underlying macroeconomic factors: The Electric Bicycles Market within the Bicycles Market in Poland is influenced by macroeconomic factors such as technological advancements, government support, and investment in sustainable transportation infrastructure. Countries with favorable regulatory environments and strong investment in electric mobility are experiencing faster market growth compared to regions with regulatory challenges and limited funding for sustainable transportation solutions. Additionally, the increasing environmental concerns and the shift towards eco-friendly transportation options are driving the demand for electric bicycles in Poland.

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.