Sweden E-bike Market Size

The e-bike market size in Sweden is projected to experience significant growth over the forecast period, driven by a surge in demand following the COVID-19 pandemic. This increase in market size is supported by government initiatives promoting e-bike usage, such as financial incentives and the development of cycling infrastructure. The integration of e-bikes into bike-sharing schemes in major cities further contributes to market expansion. Additionally, rising environmental awareness and technological advancements in e-bike design are key factors fueling the market's growth trajectory.

INSTANT ACCESS

Home Market Analysis Automotive Research Vehicles Research E-Bikes Research Electric Bicycle Industry in Sweden Market Size

Market Size of sweden e-bike Industry

Sweden E-bike Market Summary
share button
svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 382.13 Million
svg icon Market Size (2029) USD 535.07 Million
svg icon Largest Share by Propulsion Type Speed Pedelec
svg icon CAGR (2024 - 2029) 6.96 %
svg icon Fastest Growing by Propulsion Type Speed Pedelec

Major Players

Sweden E-bike Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?

1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE
KNOW MORE

Sweden Electric Bike Market Analysis

The Sweden E-bike Market size is estimated at 382.13 million USD in 2024, and is expected to reach 535.07 million USD by 2029, growing at a CAGR of 6.96% during the forecast period (2024-2029).

382.13 Million

Market Size in 2024 (USD)

535.07 Million

Market Size in 2029 (USD)

9.49 %

CAGR (2017-2023)

6.96 %

CAGR (2024-2029)

Largest Segment by Propulsion Type

49.22 %

value share, Speed Pedelec, 2023

Icon image

Affordability, suitability for recreational activities, health advantages, and high load capacity are the factors that anticipate the growth of the pedal-assisted e-bike segment.

Largest Segment by Application Type

72.74 %

value share, City/Urban, 2023

Icon image

Awareness about the benefits of bicycles, like faster commuting in traffic, easier parking, and fuel saving, has made the city/urban bikes the largest application segment.

Largest Segment by Battery Type

99.59 %

value share, Lithium-ion Battery, 2023

Icon image

The lithium-ion battery segment is the largest segment by battery type. The adoption of Li-ion batteries can reduce the size and weight of the battery pack and extend the vehicle’s range.

Fastest-growing Segment by Propulsion Type

8.39 %

Projected CAGR, Speed Pedelec, 2024-2029

Icon image

People prefer speed pedelecs over other bikes because they can avoid traffic and save fuel costs, which led to the segment's quick growth.

Leading Market Player

21.75 %

market share, Royal Dutch Gazelle, 2022

Icon image

Gazelle is a market leader in the Sweden e-bike market. The company has over 100 year of experience in bicycle industry and has been producing quality bikes for over 125 years.

PROPULSION SEGMENT MARKET OVERVIEW

  • The e-bike market in Sweden experienced a surge in demand following the COVID-19 pandemic. The pandemic led to increased interest in outdoor activities, including cycling, and e-bikes, in particular, emerged as a popular choice for commuting, running errands, and leisurely rides. The Swedish government has also introduced several initiatives to promote the use of e-bikes, such as providing financial incentives for purchasing e-bikes and investing in the development of cycling infrastructure. In addition, several cities in Sweden, such as Stockholm and Gothenburg, have implemented bike-sharing schemes that include e-bikes as part of their fleets.
  • According to a report by the Swedish Energy Agency, the e-bike market in Sweden was growing steadily, with sales increasing by 50% between 2017 and 2020. The report also noted that the e-bike market was expected to continue its growth trajectory in the coming years, driven by factors such as increasing environmental awareness, government initiatives to promote cycling, and technological advancements in e-bike design.
  • In Sweden, around 80% of all urban car trips are less than 4km, suggesting that biking or walking could replace driving. By 2025, 25% of travel distances are expected to be covered by bicycle, foot, or public transportation, according to the Swedish government. By 2025, Gothenburg plans for 12% of all the trips taken in the city to be by bike. The European Commission has separately targeted the promotion of electromobility and cycling as clean and effective transportation options for sustainable urban mobility. Sweden's cycling numbers are expected to rise in the coming years as a result of citywide, national, and continental goals, thus increasing e-bike sales.
Sweden E-bike Market

Sweden E-bike Industry Segmentation Sweden Electric 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 e-bike market in Sweden experienced a surge in demand following the COVID-19 pandemic. The pandemic led to increased interest in outdoor activities, including cycling, and e-bikes, in particular, emerged as a popular choice for commuting, running errands, and leisurely rides. The Swedish government has also introduced several initiatives to promote the use of e-bikes, such as providing financial incentives for purchasing e-bikes and investing in the development of cycling infrastructure. In addition, several cities in Sweden, such as Stockholm and Gothenburg, have implemented bike-sharing schemes that include e-bikes as part of their fleets.
  • According to a report by the Swedish Energy Agency, the e-bike market in Sweden was growing steadily, with sales increasing by 50% between 2017 and 2020. The report also noted that the e-bike market was expected to continue its growth trajectory in the coming years, driven by factors such as increasing environmental awareness, government initiatives to promote cycling, and technological advancements in e-bike design.
  • In Sweden, around 80% of all urban car trips are less than 4km, suggesting that biking or walking could replace driving. By 2025, 25% of travel distances are expected to be covered by bicycle, foot, or public transportation, according to the Swedish government. By 2025, Gothenburg plans for 12% of all the trips taken in the city to be by bike. The European Commission has separately targeted the promotion of electromobility and cycling as clean and effective transportation options for sustainable urban mobility. Sweden's cycling numbers are expected to rise in the coming years as a result of citywide, national, and continental goals, thus increasing e-bike sales.
Propulsion Type
Pedal Assisted
Speed Pedelec
Throttle Assisted
Application Type
Cargo/Utility
City/Urban
Trekking
Battery Type
Lead Acid Battery
Lithium-ion Battery
Others
Need A Different Region Or Segment?
Customize Now

Sweden E-bike Market Size Summary

The e-bike market in Sweden has experienced significant growth, particularly following the COVID-19 pandemic, which spurred increased interest in outdoor activities and cycling. E-bikes have become a favored option for commuting and leisure, supported by government initiatives that promote their use through financial incentives and infrastructure development. Cities like Stockholm and Gothenburg have integrated e-bikes into their bike-sharing schemes, further boosting their popularity. The market's expansion is driven by rising environmental awareness, government support for cycling, and advancements in e-bike technology, making them an attractive alternative to traditional bicycles and other modes of transport.

The adoption of e-bikes in Sweden is expected to continue its upward trajectory, with a substantial portion of urban trips being short enough to be replaced by cycling. The Swedish government's goals, along with European Commission initiatives, aim to enhance sustainable urban mobility through electromobility and cycling. The market is moderately consolidated, with major players like Blix Electric Bikes and Giant Manufacturing Co. Ltd leading the charge. New product launches featuring advanced capabilities, such as improved battery range and fast charging, are encouraging consumer investment in e-bikes, contributing to their growing adoption as a convenient and eco-friendly commuting solution.

Explore More >

Sweden E-bike Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Propulsion Type

      1. 1.1.1 Pedal Assisted

      2. 1.1.2 Speed Pedelec

      3. 1.1.3 Throttle Assisted

    2. 1.2 Application Type

      1. 1.2.1 Cargo/Utility

      2. 1.2.2 City/Urban

      3. 1.2.3 Trekking

    3. 1.3 Battery Type

      1. 1.3.1 Lead Acid Battery

      2. 1.3.2 Lithium-ion Battery

      3. 1.3.3 Others

Sweden E-bike Market Size FAQs

The Sweden E-bike Market size is expected to reach USD 382.13 million in 2024 and grow at a CAGR of 6.96% to reach USD 535.07 million by 2029.

In 2024, the Sweden E-bike Market size is expected to reach USD 382.13 million.

E-Bike Market in Sweden Report Snapshots

E-Bike Market in Sweden SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029