United Kingdom E-bike Market Size

United Kingdom E-bike Market Analysis

The United Kingdom E-bike Market size is estimated at 501.37 million USD in 2024, and is expected to reach 832.85 million USD by 2029, growing at a CAGR of 10.68% during the forecast period (2024-2029).

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501.37 Million

Market Size in 2024 (USD)

832.85 Million

Market Size in 2029 (USD)

17.75 %

CAGR (2017-2023)

10.68 %

CAGR (2024-2029)

Largest Segment by Propulsion Type

79.90 %

value share, Pedal Assisted, 2023

Due to the national regulation that forbids the widespread use of continuous throttle-assisted propulsion, the pedal-assisted bikes segment is expected to dominate the market.

Largest Segment by Application Type

71.33 %

value share, City/Urban, 2023

Currently, the city/urban e-bikes segment has the biggest share in application type due to various advantages such as fuel efficiency, easy parking, timesaving, and less buying cost.

Largest Segment by Battery Type

98.74 %

value share, Lithium-ion Battery, 2023

Lightweight, fast-charging ability, the capability of providing a high range, long life span, and high energy are some of the factors that make Li-ion battery the largest segment by battery type.

Fastest-growing Segment by Propulsion Type

10.73 %

Projected CAGR, Throttle Assisted, 2024-2029

An increase in leisure activities, like off-road riding and long-distance trips, and people’s preference for bikes over cars for daily commutes make speed pedelecs the fastest-growing segment by propulsion type in the market.

Leading Market Player

14.46 %

market share, Evans Cycles Limited (Pinnacle), 2022

A well-established brand name under Evans Cycles, a wide range of e-bike offerings in its mountain and road category, and a strong customer base have made Pinnacle Bikes the largest e-bike brand in the United Kingdom.

PROPULSION SEGMENT MARKET OVERVIEW

United Kingdom 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 record year in the United Kingdom for electric bike sales was 2018. Along with increased consumer awareness of what an electric bike is, a significant amount of e-bike market growth is anticipated due to a wider selection of electric bikes, ranging from entry-level, reasonably priced e-bikes to premium e-bikes with longer-lasting batteries and performance frames and components.
• The e-bike market in the United Kingdom is poised for growth in the long term, fueled by the rise of bike-sharing companies, the growth of e-commerce and delivery services using e-bikes, and government efforts to promote bicycles through improved cycling infrastructure.
• The policy improvements to support growth in infrastructure contribute to the UK e-bike market's expansion. The United Kingdom has prioritized building e-bike infrastructure and is attempting to increase yearly spending to speed up the development of a connected and secure bike network. The increased number of municipal bike-sharing schemes in Scotland and the United Kingdom has greatly increased the demand for electric bikes. Due to the need for more accessible and safe public transit choices and social distancing, locals and visitors are utilizing e-bikes more regularly. Raising Consumer Awareness of Electric Bikes' Health Benefits research from the University of Colorado Boulder quantified the health benefits of converting from driving to a class 1 e-bike for commuting. According to the research, utilizing an electric bike instead of a car allowed participants to reach their prescribed levels of physical activity in a month while improving blood sugar management and cardiovascular endurance.