With that e-bikes are growing into a significant force on the bicycle market in Denmark. Of that total of some 50,000 units close to 3,000 e-bikes are made locally. In 2018 Denmark imported 50,700 e-bikes; that import number grew to 52,300 in the first ten months of 2019. The country’s export of electric bicycles stood at 7,800 units in 2018 while for the whole of 2019 a likewise number is forecasted.
E-bikes are growing into a significant force on the Danish bicycle market
Shrinking market for regular bicycles
Viewing the market development for regular bikes; a less fortunate image comes to light. The Danish bike market is shrinking volume-wise. In 2015 that volume stood at 511,000 units; the total for 2019 is some 400,000 units. This comes down to a drop of close to 22 percent. However, the significant decrease of the total Danish bicycle market in numbers is offset by the fact that in terms of money there’s a positive development. This is caused by the fact that the value of an e-bike is on average four times that of an regular bicycle.