United Kingdom E-Bike Market Insights Forecasts to 2033

• The UK E-Bike Market Size was valued at USD 236.21 Million in 2023.
• The Market is growing at a CAGR of 10.23% from 2023 to 2033
• The U.K. E-Bike Market Size is expected to reach USD 625.32 Million by 2033

The UK E-Bike Market is anticipated to exceed USD 625.32 Million by 2033, growing at a CAGR of 10.23% from 2023 to 2033.

Market Overview

A motorized bicycle with an inbuilt electric motor for propulsion assistance is called an electric bicycle, sometimes known as an e-bike. An e-bike is a bicycle that has an electric bike motor installed to help passengers pedal. With the many modes that electric bike systems provide, users may balance the power delivered through the pedals with distance and battery life. The bike's installed rechargeable battery will supply power to the motor. There are many different types of e-bikes available, but they may be broadly classified into two categories: bikes that integrate moped-style capabilities and bikes that add a throttle to augment the rider's pedal force. E-bikes usually include a motor that can propel them up to 25 to 32 km/h and are powered by rechargeable batteries. High-powered models can frequently reach speeds of over 45 km/h.

Report Coverage

This research report categorizes the market for the UK e-bike market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom e-bike market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.K. e-bike market.

Driving Factors

Approximately 2.78 million persons in the UK—5% of adults and 14% of cyclists—say they are "likely" to purchase an e-bike in the near future. This pattern will probably have a big impact on the UK e-bike industry. Additionally, the growing need to decrease pollution and encourage physical exercise, together with the benefits of better battery life, less weight, and motor design, are all contributing factors to the e-bike's rising popularity. Furthermore, there is free parking, the option to investigate bike-to-work programs, and no road tax as long as the vehicle stops at 15.5 mph (plus 10% leeway per EU and UK regulations). Additionally, if a person owns multiple bikes, then that person qualifies for Velosure's multi-bike discount.

Restraining Factors

There are several different government regulations and terminology related to e-bikes. While governments and provinces determine the jurisdiction and lawful road use restrictions, certain countries have nationwide regulations.

Market Segmentation

The United Kingdom e-bike market share is classified into battery and motor.

• The lithium-ion segment is expected to hold a significant market share through the forecast period.    

The United Kingdom e-bike market is segmented by battery into lithium-ion, li-ion polymer, and lead acid. Among these, the lithium-ion segment is expected to hold a significant market share through the forecast period. Due to their longer lifespan and better performance than lead-acid batteries, lithium-ion batteries are now the go-to option for electric motorcycles.

• The mid segment is anticipated to hold a significant share of the United Kingdom e-bike market during the forecast period.       

Based on the motor, the United Kingdom e-bike market is divided into mid and hub. Among these, the mid segment is anticipated to hold a significant share of the United Kingdom e-bike market during the forecast period. Due to their higher torque and capacity to utilize the bike's gears more effectively, mid-drive motors provide superior performance when climbing hills.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the UK e-bike market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Brompton Bicycle Ltd.
• Evans Cycles Limited
• Giant Manufacturing Co. Ltd.
• Gocycle Eu BV
• MHW Bike-House GmbH (Cube Bikes)
• Raleigh Bicycle Company
• Volt Electric Bikes
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In July 2022, Brompton recently disclosed the release of the latest electric edition to its P Line foldable bicycles, which includes a new 4-accelerate drivetrain and the P Line titanium Improved Rear Frame.  

Market Segment

This study forecasts revenue at the UK, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom E-Bike Market based on the below-mentioned segments:

United Kingdom E-bike Market, By Battery

• Lithium-Ion
• Li-ion Polymer
• Lead Acid

United Kingdom E-bike Market, By Motor

• Mid
• Hub