Market Size of spain e-bike Industry
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.03 Billion |
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Market Size (2029) | USD 1.52 Billion |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 8.22 % |
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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 |
Spain E-bike Market Analysis
The Spain E-bike Market size is estimated at 1.03 billion USD in 2024, and is expected to reach 1.52 billion USD by 2029, growing at a CAGR of 8.22% during the forecast period (2024-2029).
1.03 Billion
Market Size in 2024 (USD)
1.52 Billion
Market Size in 2029 (USD)
25.65 %
CAGR (2017-2023)
8.22 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
79.17 %
value share, Pedal Assisted, 2023
The extensive use of continuous throttle-assisted propulsion is prohibited by national law in Spain. Hence, the pedal-assisted segment is the largest segment by propulsion type.
Largest Segment by Application Type
77.55 %
value share, City/Urban, 2023
With the rapidly growing courier services in urban areas and companies trying to manage quick service with lower operating costs, the demand for e-bikes is growing in the region, making the city/urban bikes segment the largest segment by application type.
Largest Segment by Battery Type
100 %
value share, Lithium-ion Battery, 2023
Due to their lightweight, quick charging abilities, high range, prolonged lifespan, and high energy, lithium batteries are the most popular in the market.
Fastest-growing Segment by Application Type
8.25 %
Projected CAGR, Trekking, 2024-2029
The cargo/utility segment is the fastest-growing due to the ongoing commercial expansion and the rising last-mile deliveries from various online consumers, restaurants, and pharmaceuticals.
Leading Market Player
10.33 %
market share, Giant Manufacturing Co. Ltd., 2022
High brand awareness, strong product lines, great R&D capabilities focused on innovation, and a wide range of product offerings are making Giant the largest market player in Italy.
PROPULSION SEGMENT MARKET OVERVIEW
- The COVID-19 pandemic rapidly boosted the e-bike market by accelerating sales and transforming consumers’ cycling attitudes. Many people are still avoiding public transportation or reducing their reliance on it. In the past year, there was a significant shift in how people spent their weekends, such as indulging in adventure and sports activities.
- Over the long term, the e-bike market in Spain is expected to grow due to the increased presence of bike-sharing companies, growing e-commerce activities across the country where e-bikes are used to deliver parcels, and due to government initiatives to increase the usage of bicycles by improving the bicycle infrastructure.
- In Spain, around 80% of all urban car trips are less than 4 km, suggesting that biking or walking could replace driving. The continued government support and incentives, such as tax breaks, subsidies, and infrastructure investments, could also help stimulate the e-bike market in Spain. These incentives can make e-bikes more accessible and affordable for consumers, as well as improve infrastructure to make cycling safer and more convenient. The European Commission has targeted the promotion of electromobility and cycling as clean and effective transportation options for sustainable urban mobility. Thus, due to such goals, Spain's cycling numbers may rise in the coming years.
Spain 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.
- The COVID-19 pandemic rapidly boosted the e-bike market by accelerating sales and transforming consumers’ cycling attitudes. Many people are still avoiding public transportation or reducing their reliance on it. In the past year, there was a significant shift in how people spent their weekends, such as indulging in adventure and sports activities.
- Over the long term, the e-bike market in Spain is expected to grow due to the increased presence of bike-sharing companies, growing e-commerce activities across the country where e-bikes are used to deliver parcels, and due to government initiatives to increase the usage of bicycles by improving the bicycle infrastructure.
- In Spain, around 80% of all urban car trips are less than 4 km, suggesting that biking or walking could replace driving. The continued government support and incentives, such as tax breaks, subsidies, and infrastructure investments, could also help stimulate the e-bike market in Spain. These incentives can make e-bikes more accessible and affordable for consumers, as well as improve infrastructure to make cycling safer and more convenient. The European Commission has targeted the promotion of electromobility and cycling as clean and effective transportation options for sustainable urban mobility. Thus, due to such goals, Spain's cycling numbers may rise in the coming years.
| Propulsion Type | |
| Pedal Assisted | |
| Speed Pedelec | |
| Throttle Assisted |
| Application Type | |
| Cargo/Utility | |
| City/Urban | |
| Trekking |
| Battery Type | |
| Lead Acid Battery | |
| Lithium-ion Battery | |
| Others |
Spain E-bike Market Size Summary
The Spain e-bike market is experiencing significant growth, driven by a shift in consumer behavior and increased awareness of the benefits of e-bikes over traditional bicycles. The COVID-19 pandemic played a crucial role in this transformation, as many individuals began to avoid public transportation, leading to a rise in e-bike adoption for personal commuting. The market is further bolstered by the presence of bike-sharing companies, the expansion of e-commerce activities, and government initiatives aimed at enhancing bicycle infrastructure. These factors, combined with incentives such as tax breaks and subsidies, are making e-bikes more accessible and appealing to consumers. The European Commission's focus on promoting electromobility and sustainable urban mobility aligns with Spain's growing cycling culture, contributing to the market's expansion.
The demand for e-bikes in Spain is fueled by their convenience, eco-friendliness, and cost-effectiveness, making them an attractive alternative for short-distance commutes. The market is characterized by a fragmented landscape, with key players like BH Bikes Europe SL, DECATHLON, Giant Manufacturing Co. Ltd., Orbea S.Coop., and Trek Bicycle Corporation leading the charge. Recent product launches, such as BH Bikes' Core Cross City and B-twin's Elops LD500E, highlight the industry's innovation and commitment to meeting consumer needs. As cycling infrastructure improves and more people opt for bicycles for daily commutes, the e-bike market in Spain is poised for continued growth, with a significant increase in adoption rates expected over the forecast period.
Spain 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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Spain E-bike Market Size FAQs
How big is the Spain E-bike Market?
The Spain E-bike Market size is expected to reach USD 1.03 billion in 2024 and grow at a CAGR of 8.22% to reach USD 1.52 billion by 2029.
What is the current Spain E-bike Market size?
In 2024, the Spain E-bike Market size is expected to reach USD 1.03 billion.
