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UNITED KINGDOM E-BIKE MARKET FORECAST 2023-2028

SCOPE OF THE REPORT

United Kingdom E-bike Market by Type (Pedelec, Throttle on Demand, Scooter, Motorcycle) Market by Drive Mechanism (Hub Motor, Mid-drive) Market by Application (City/urban, Trekking, Cargo) Market by Battery (Lithium-ion, Lead Acid) Market by Power (≤ 250 W, >250 W)


MARKET OVERVIEW

The United Kingdom e-bike market is expected to reach $xx million by 2028, growing at a CAGR of 5.19% during the forecast period, 2023-2028. The base year considered for the study is 2022, and the estimated period is between 2023 and 2028. The market study has also analyzed the impact of COVID-19 on the United Kingdom e-bike market qualitatively as well as quantitatively.

In recent years, the United Kingdom government has initiated measures aimed at fostering the uptake of e-bikes within the country. Key factors propelling market expansion encompass heightened consciousness regarding eco-conscious transportation alternatives like e-bikes, the rise in cycle-to-work initiatives (with allowances exceeding the established €1000 threshold), and a government commitment of €2 million toward cargo bike subsidies. These elements collectively contribute to the growth of the market.

United Kingdom E-Bike Market

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Additionally, the country has an active retired population that is inclined toward travel, camper vans, and e-bikes, in addition to a significant share of youth and enthusiasts who prefer trekking and hiking. Consequently, there has been a sustained surge in demand for e-bikes in the United Kingdom. A substantial number of consumers are actively considering transitioning to e-bikes in the upcoming months, as well. Notably, e-bike companies within the country remain committed to preserving their competitive advantage in the market.

The United Kingdom government has initiated measures to boost the adoption of e-bikes and motorcycles within the country. National incentives have been introduced, and there are plans to augment financial subsidies for e-bikes to encourage their utilization. The government has also declared its intention to establish a 2035 target for the gradual elimination of all new motorcycles equipped with internal combustion engines (ICE).

Moreover, the emergence of e-bike rental programs is poised to act as a catalyst for the burgeoning e-bike market in the forthcoming years. Hence, given these aforementioned advancements, the country is anticipated to experience a favorable growth trajectory in the upcoming years.

The optimistic outlook for electric cargo bikes in the United Kingdom is reinforced by recent advancements, primarily driven by the escalating demand for e-commerce-related transportation solutions. Prominent companies, including Amazon, Walmart, and IKEA, have commenced the utilization of cargo e-bikes for their delivery operations, as well.

Inkwood Research’s report on the United Kingdom e-bike market provides in-depth insights & segmentation analysis. The detailed assessment of the market includes market share analysis, competitive landscape, key buying criteria, PESTLE analysis, brand share analysis, and value chain analysis. The segmentation analysis of the market includes type, drive mechanism, application, battery, and power.

The key players in the market are Volt, Brompton Bicycle Retail Limited, Raleigh, etc.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2028
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Type, Drive Mechanism, Application, Battery, Power
Countries AnalyzedThe United Kingdom
Companies AnalyzedVolt, Brompton Bicycle Retail Limited, Raleigh, Powabyke Uk Ltd, Karbon Kinetics Ltd

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. UNITED KINGDOM SNAPSHOT
    3. UNITED KINGDOM ANALYSIS
    4. KEY GROWTH ENABLERS
    5. KEY CHALLENGES
  3. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON THE UNITED KINGDOM E-BIKE MARKET
    2. KEY MARKET TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
  4. MARKET BY TYPE
    1. PEDELEC
    2. THROTTLE ON DEMAND
    3. SCOOTER
    4. MOTORCYCLE
  5. MARKET BY DRIVE MECHANISM
    1. HUB MOTOR
    2. MID-DRIVE
  6. MARKET BY APPLICATION
    1. CITY/URBAN
    2. TREKKING
    3. CARGO
  7. MARKET BY BATTERY
    1. LITHIUM-ION
    2. LEAD ACID
  8. MARKET BY POWER
    1. ≤ 250 W
    2. >250 W
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. BROMPTON BICYCLE RETAIL LIMITED
      2. KARBON KINETICS LTD
      3. POWABYKE UK LTD
      4. RALEIGH
      5. VOLT

LIST OF TABLES

TABLE 1: UNITED KINGDOM SNAPSHOT – E-BIKE

TABLE 2: UNITED KINGDOM E-BIKE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: UNITED KINGDOM E-BIKE MARKET, BY TYPE, FORECAST YEARS, 2023-2028 (IN $ MILLION)

TABLE 4: UNITED KINGDOM E-BIKE MARKET, BY DRIVE MECHANISM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: UNITED KINGDOM E-BIKE MARKET, BY DRIVE MECHANISM, FORECAST YEARS, 2023-2028 (IN $ MILLION)

TABLE 6: UNITED KINGDOM E-BIKE MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: UNITED KINGDOM E-BIKE MARKET, BY APPLICATION, FORECAST YEARS, 2023-2028 (IN $ MILLION)

TABLE 8: UNITED KINGDOM E-BIKE MARKET, BY BATTERY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: UNITED KINGDOM E-BIKE MARKET, BY BATTERY, FORECAST YEARS, 2023-2028 (IN $ MILLION)

TABLE 10: UNITED KINGDOM E-BIKE MARKET, BY POWER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: UNITED KINGDOM E-BIKE MARKET, BY POWER, FORECAST YEARS, 2023-2028 (IN $ MILLION)

TABLE 12: LIST OF MERGERS & ACQUISITIONS

TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 15: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: UNITED KINGDOM E-BIKE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 5: UNITED KINGDOM E-BIKE MARKET, BY PEDELECS, 2023-2028 (IN $ MILLION)

FIGURE 6: UNITED KINGDOM E-BIKE MARKET, BY THROTTLE ON DEMAND, 2023-2028 (IN $ MILLION)

FIGURE 7: UNITED KINGDOM E-BIKE MARKET, BY SCOOTER, 2023-2028 (IN $ MILLION)

FIGURE 8: UNITED KINGDOM E-BIKE MARKET, BY MOTORCYCLE, 2023-2028 (IN $ MILLION)

FIGURE 9: UNITED KINGDOM E-BIKE MARKET, GROWTH POTENTIAL, BY DRIVE MECHANISM, IN 2022

FIGURE 10: UNITED KINGDOM E-BIKE MARKET, BY HUB MOTOR, 2023-2028 (IN $ MILLION)

FIGURE 11: UNITED KINGDOM E-BIKE MARKET, BY MID-DRIVE, 2023-2028 (IN $ MILLION)

FIGURE 12: UNITED KINGDOM E-BIKE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 13: UNITED KINGDOM E-BIKE MARKET, BY CITY/URBAN, 2023-2028 (IN $ MILLION)

FIGURE 14: UNITED KINGDOM E-BIKE MARKET, BY TREKKING, 2023-2028 (IN $ MILLION)

FIGURE 15: UNITED KINGDOM E-BIKE MARKET, BY CARGO, 2023-2028 (IN $ MILLION)

FIGURE 16: UNITED KINGDOM E-BIKE MARKET, GROWTH POTENTIAL, BY BATTERY, IN 2022

FIGURE 17: UNITED KINGDOM E-BIKE MARKET, BY LITHIUM-ION, 2023-2028 (IN $ MILLION)

FIGURE 18: UNITED KINGDOM E-BIKE MARKET, BY LEAD ACID, 2023-2028 (IN $ MILLION)

FIGURE 19: UNITED KINGDOM E-BIKE MARKET, GROWTH POTENTIAL, BY POWER, IN 2022

FIGURE 20: UNITED KINGDOM E-BIKE MARKET, BY ≤ 250 W, 2023-2028 (IN $ MILLION)

FIGURE 21: UNITED KINGDOM E-BIKE MARKET, BY >250 W, 2023-2028 (IN $ MILLION)

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