Market Size of denmark e-bike Industry
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 373.82 Million |
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Market Size (2029) | USD 566.23 Million |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 8.66 % |
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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 |
Denmark E-bike Market Analysis
The Denmark E-bike Market size is estimated at 373.82 million USD in 2024, and is expected to reach 566.23 million USD by 2029, growing at a CAGR of 8.66% during the forecast period (2024-2029).
373.82 Million
Market Size in 2024 (USD)
566.23 Million
Market Size in 2029 (USD)
18.07 %
CAGR (2017-2023)
8.66 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
79.10 %
value share, Pedal Assisted, 2023
Ease of traveling, suitability for recreational activities, ease of carrying heavy loads, and ensuring the fitness levels of consumers are some factors making pedal-assisted e-bikes the largest propulsion-type segment.
Largest Segment by Application Type
76.96 %
value share, City/Urban, 2023
The adoption of bicycles for daily commutes to nearby places, such as offices and shops, has made the sales of city/urban bikes the largest among applications.
Largest Segment by Battery Type
99.20 %
value share, Lithium-ion Battery, 2023
The increasing adoption of lithium-ion battery-equipped bicycles due to high energy density, high power density, lightweight, and long life has made lithium-ion battery the largest segment in the market.
Fastest-growing Segment by Propulsion Type
8.71 %
Projected CAGR, Throttle Assisted, 2024-2029
Due to big motors and good speed capability, throttle-assisted bikes perform well in terrains, which attracts consumers and increases the sales of such bikes quickly over other types.
Leading Market Player
7.77 %
market share, Royal Dutch Gazelle, 2022
Diversified product offerings, e-bike testing centers for customers, and more than 100 bicycle shops in the country make Gazelle the largest market player across Denmark.
PROPULSION SEGMENT MARKET OVERVIEW
- In 2018, the Danish government granted access to e-bikes to utilize the dedicated bicycle lanes in the country, which may impact the sales of e-bikes positively. The Parliament approved speed pedelecs, a super electric bike that can achieve speeds of up to 45 kmph, to be used on cycling lanes in the country. The Danish Parliament also ruled that beginning July 1, 2018, people operating superbikes must be at least 15 years old and wear a helmet, with no requirement for a license or number plate.
- In 2019, Finland, Sweden, Norway, Denmark, and Iceland signed a declaration to work toward carbon neutrality. One of the important aspects of this declaration is to decarbonize the transport sector and encourage local companies, investors, local governments, organizations, and consumers to upscale their efforts toward carbon neutrality.
- However, accidents involving e-bikes have become more severe in the country. A report by the Danish Road Traffic Accident Investigation Board (AIB) deduced that age factors impacted a number of incidents, and riding an e-bike is more challenging for the elderly and those suffering from age-related disabilities. This factor may hinder the market's growth to a certain extent in the country.
Denmark E-bike Industry Segmentation Denmark E-bike Industry Segmentation
Pedal Assisted, Speed Pedelec, Throttle Assisted are covered as segments by Propulsion Type. Cargo/Utility, City/Urban, Trekking are covered as segments by Application Type. Lead Acid Battery, Lithium-ion Battery, Others are covered as segments by Battery Type.
- In 2018, the Danish government granted access to e-bikes to utilize the dedicated bicycle lanes in the country, which may impact the sales of e-bikes positively. The Parliament approved speed pedelecs, a super electric bike that can achieve speeds of up to 45 kmph, to be used on cycling lanes in the country. The Danish Parliament also ruled that beginning July 1, 2018, people operating superbikes must be at least 15 years old and wear a helmet, with no requirement for a license or number plate.
- In 2019, Finland, Sweden, Norway, Denmark, and Iceland signed a declaration to work toward carbon neutrality. One of the important aspects of this declaration is to decarbonize the transport sector and encourage local companies, investors, local governments, organizations, and consumers to upscale their efforts toward carbon neutrality.
- However, accidents involving e-bikes have become more severe in the country. A report by the Danish Road Traffic Accident Investigation Board (AIB) deduced that age factors impacted a number of incidents, and riding an e-bike is more challenging for the elderly and those suffering from age-related disabilities. This factor may hinder the market's growth to a certain extent in the country.
| Propulsion Type | |
| Pedal Assisted | |
| Speed Pedelec | |
| Throttle Assisted |
| Application Type | |
| Cargo/Utility | |
| City/Urban | |
| Trekking |
| Battery Type | |
| Lead Acid Battery | |
| Lithium-ion Battery | |
| Others |
Denmark E-bike Market Size Summary
The Denmark e-bike market is experiencing a robust growth trajectory, driven by increasing bicycle usage and the advantages of e-bikes over traditional bicycles. The Danish government's initiatives, such as allowing e-bikes on dedicated bicycle lanes and promoting carbon neutrality, have positively influenced market dynamics. The pandemic further accelerated e-bike adoption as consumers sought alternatives to public transportation, emphasizing social distancing and convenience. The market is characterized by a fragmented landscape with key players like Batavus Intercycle Corporation, MHW Bike-House GmbH, Qwic, Royal Dutch Gazelle, and Van Moof BV, who are introducing advanced products to attract consumers.
The demand for e-bikes in Denmark is bolstered by factors such as effortless riding, zero carbon emissions, and cost efficiency, making them an attractive option for daily commuting. The government's investment in bicycle infrastructure and promotion of cycling activities, such as declaring 2022 as "The Year of the Bike," has further supported market growth. Despite challenges like accidents involving e-bikes, particularly among the elderly, the market is poised for significant expansion, with a steady increase in adoption rates anticipated over the forecast period. The resumption of business operations and the removal of trade barriers post-lockdown have also contributed to the gradual recovery and growth of e-bike sales in the country.
Denmark E-bike Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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1.1 Propulsion Type
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1.1.1 Pedal Assisted
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1.1.2 Speed Pedelec
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1.1.3 Throttle Assisted
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1.2 Application Type
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1.2.1 Cargo/Utility
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1.2.2 City/Urban
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1.2.3 Trekking
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1.3 Battery Type
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1.3.1 Lead Acid Battery
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1.3.2 Lithium-ion Battery
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1.3.3 Others
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Denmark E-bike Market Size FAQs
How big is the Denmark E-bike Market?
The Denmark E-bike Market size is expected to reach USD 373.82 million in 2024 and grow at a CAGR of 8.66% to reach USD 566.23 million by 2029.
What is the current Denmark E-bike Market size?
In 2024, the Denmark E-bike Market size is expected to reach USD 373.82 million.
