Source: TRAXIO

According to mobility federation TRAXIO, last year was a significant one for the Belgian speed pedelec market where it reached a total of 23,681 registrations (14,058 new and 9,623 second hand), surpassing the previous record of 23,277 units in 2022. The figures have made it record year for second-hand bikes, and the third-best year ever for new speed pedelecs, collectively making 2025 the best year to date.

The Belgian market has experienced historic growth in new and second-hand speed pedelecs, with leasing encouraging market expansion as regional disparities in adoption remain.

Leasing driving new market expansion

After the new speed pedelec market initially cooled down, 2025 saw a positive turnaround. TRAXIO’s spokesperson Filip Rylant explained: “We predicted last year that there was room for further growth, and that’s now proving true. The market grew again, by 2.6% to 14,058 units. The difference was mainly in December, when no fewer than 894 units were registered—an increase of 29.8%. The reason for this high number of registrations is the contracts that are starting in January. A lot of bicycle dealers already applied for the new SP plates in December to ensure delivery as soon as possible in early 2026. This aligns seamlessly with a significant market shift that has been underway for several years: the leasing segment now accounts for a market share of 62.4% (!), to the detriment of vehicles registered by companies and, especially, by private individuals. A few years ago, the majority were still purchased by private individuals.”

Unprecedented growth in second-hand speed pedelec market

The second-hand market also had a record year. Rylant reported: “A total of 9,623 speed pedelecs were re-registered, an increase of only A whopping 24% increase (1,865 units) compared to 2024. Compared to 2022, that’s even 3,124 more (48.1%). And the success story doesn’t seem to be over yet, as we’re noticing that many fast bikes released from leasing are being re-registered by private individuals. Thanks to the growing supply of high-quality speed pedelecs at attractive prices, the used market will continue to grow for a while.”

Regional disparities in adoption

Speed pedelecs remain predominantly a Flemish phenomenon, with 97.5% of new registrations in Flanders. East Flanders saw a 34.6% increase to 5,534 units, largely due to leasing. In contrast, the French-speaking regions of Belgium continue to struggle with adoption: “Speed pedelecs are struggling to gain traction in the French-speaking part of the country (market share of 1.2%) due to factors including weaker cycling infrastructure, lower congestion, and—specifically for Brussels (market share of 1.3%)—competition with regular bicycles and scooters in the 30 km/h zone,” Rylant explained.

For second-hand speed pedelecs, all provinces except Namur and Liège showed significant growth, with increases ranging from +19.2% (Flemish Brabant) to +150% (Luxembourg). These bicycles are primarily purchased by private individuals, with Antwerp leading the way with 3,323 units.

Belgian speed pedelec market outlook

The rise of leasing and second-hand markets demonstrates the continuing evolution of the Belgian speed pedelec market. “The question for the bicycle sector now is primarily how to encourage private individuals to buy high-speed bicycles, as this market segment has been in freefall for several years. However, private individuals are buying a considerable number of second-hand speed pedelecs that are at the end of their leases,” Rylant concluded.

The full figures, graphs and breakdowns of TRAXIO’s research can be accessed on their website.