Spain E-Bike Industry Set for Rapid Growth Projected to Hit USD 819 Million by 2034

Market Overview

The Spain E-Bike market size reached USD 455.0 Million in 2025 and is projected to grow to USD 819.0 Million by 2034, exhibiting a CAGR of 6.75% during 2026-2034. This expansion is driven by rising consumer preference for eco-friendly transport, government incentives, technological advances, increased urbanization, and sustainability focus. The market includes segments such as mode, motor type, battery type, class, design, and application.

Study Assumption Years

• Base Year: 2025
• Historical Year/Period: 2020-2025
• Forecast Year/Period: 2026-2034

Spain E-Bike Market Key Takeaways

• The Spain E-Bike market size was USD 455.0 Million in 2025.
• The market is expected to grow at a CAGR of 6.75% from 2026 to 2034.
• Forecast market value is USD 819.0 Million by 2034.
• Market growth is fueled by increasing environmental concerns and government incentives promoting sustainable transport.
• Urbanization and rising fuel costs are accelerating the adoption of e-bikes.
• Technological advances and growing recreational cycling interests are significant contributors.
• Smart technology incorporation and the popularity of electric mountain bikes are key trends.

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Market Growth Factors

The Spain E-Bike market is primarily fueled by increasing environmental awareness and supportive government financial initiatives. These initiatives promote sustainable transportation through subsidies and tax incentives, making it easier for consumers to make the switch. Additionally, rapid urbanization, with an annual urban population growth of 0.24%, along with rising fuel prices, are key factors driving the popularity of e-bikes.

Technological advancements in e-bikes are also contributing to market expansion by improving functionality and enhancing the user experience. Innovations such as better connectivity, longer battery life, and lighter materials are making e-bikes more appealing, especially to tech-savvy consumers. A great example of this is Decathlon's 2023 release of the Elops Speed 900E model, which features smartphone connectivity and GPS, showcasing the latest trends in the industry.

More and more environmentally conscious consumers in Spain are turning to e-bikes as a sustainable alternative to cars. Spain's National Energy and Climate Plan aims for a 39% reduction in carbon emissions by 2030 and complete decarbonization of transportation by 2050, backed by a €400 subsidy fund for electric vehicle purchases. This initiative is a significant boost for both commercial and personal e-bike usage.

Market Segmentation

By Mode:

• Throttle: Provides motor control without pedaling, favored for leisure and short trips. Popular among tourists and urban riders due to convenience and rapid acceleration but constrained by urban regulatory protocols.

• Pedal Assist: Couples cycling with electric support, offering longer range and fitness benefits. Favored by commuters and recreational users, aligns with regulations, and benefits from government incentives.

• Speed Pedelec: Allows higher speeds for long-distance commuting and performance. Requires licensing and adherence to regulations, appealing to a niche market seeking fast, sustainable travel.

By Motor Type:

• Hub Motor: Positioned in the front or rear wheel, this affordable, low-maintenance motor suits urban commuters and entry-level e-bikes. It offers a smooth and quiet ride.

• Mid Drive: Located at the crankshaft, this motor offers better torque and power efficiency for varied terrains. Popular among performance riders and off-road enthusiasts.

By Battery Type:

• Lead Acid: Traditional technology with a low initial cost, suitable for short-distance traveling. Its heavier weight and shorter lifespan limit its use.

• Lithium Ion: Preferred for higher energy density, longer lifespan, and lighter weight, supporting longer distances and efficiency. Gaining traction due to environmental awareness.

By Class:

• Class I: Pedal-assist e-bikes with assistance up to 25 km/h, popular among urban commuters for eco-friendly travel and exercise.

• Class II: Throttle-controlled e-bikes with up to 25 km/h, appealing to casual riders and those in challenging terrains.

• Class III: High-performance bikes reaching 45 km/h, serving experienced riders and long-distance commuters, driven by demand for fast transportation.

By Design:

• Foldable: Growing segment for urban commuters prioritizing portability and storage convenience. Brands focus on innovative folding mechanisms and lightweight materials.

• Non-Foldable: Preferred for stability and performance over varied terrains, catering to recreational and long-distance riders.

By Application:

• Mountain/Trekking Bikes: Target adventure seekers, durable for off-road use, with features like improved suspension and motor efficiency. Notable launch: MMR's Kaizen electric mountain bike with Bosch motor (Jan 2024).

• City/Urban: Driven by eco-friendly commuting demand, focusing on comfort and design. Expanded by bike-friendly infrastructure in cities.

• Cargo: Growing for delivery and family transport solutions, focusing on load capacity and durability, supported by urban congestion concerns.

By Region:

• Northern Spain: Expanding due to varied terrain and local initiatives; key cities include Bilbao and San Sebastián.

• Eastern Spain: Market driven by tourism and outdoor culture; cities like Barcelona lead urbanization and demand.

• Southern Spain: Growth fueled by climate, scenery, and government urban mobility efforts; cities include Málaga and Seville.

• Central Spain: Emerging market with congestion challenges and a focus on smart mobility; includes Madrid.

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Regional Insights

Northern Spain leads market expansion due to its diverse terrain and eco-friendly transport initiatives. The region benefits from growing recreational cycling and infrastructure developments, with Bilbao and San Sebastián acting as key hubs promoting sustainable mobility. Urbanization levels and dedicated bike lanes contribute significantly to this region's robust e-bike adoption.

Recent Developments & News

In May 2024, Decathlon released the BTWIN E-Fold 900 electric foldable bike across Europe, including Spain, featuring a patented hinge locking system allowing faster folding. In November 2023, SEG Automotive partnered with BH Bikes (Spain) to supply a compact e-bike motor with a 36-volt battery, 600W power, and weighing under 2.6kg.
In June 2024, Velco partnered with Panot, a Spain-based e-bike rental firm, to upgrade its e-bikes into smartbikes using Velco's IoT device Mobitrax, marking strategic growth in the Spanish market.

Key Players

• Velco
• Panot
• Decathlon
• SEG Automotive
• BH Bikes

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