The global market for Electric Bikes was valued at US$34.6 Billion in 2024 and is projected to reach US$53.9 Billion by 2030, growing at a CAGR of 7.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Technological advancements have significantly enhanced the performance and appeal of electric bikes. Improvements in battery technology, particularly the development of lithium-ion batteries, have increased the range and reduced the weight of e-bikes, making them more practical for everyday use. Modern e-bikes often feature smart technologies, such as integrated GPS, Bluetooth connectivity, and app-based controls, allowing riders to track their rides, navigate routes, and monitor battery life. Additionally, advancements in motor design have led to quieter, more efficient, and more powerful motors, improving the overall riding experience. Manufacturers are also focusing on improving the aesthetics and ergonomics of e-bikes, integrating the battery and motor seamlessly into the frame to create sleek and stylish designs that appeal to a wider audience.
The growth in the electric bike market is driven by several factors. Firstly, the increasing awareness of environmental issues and the need to reduce carbon footprints have prompted many consumers to seek greener transportation alternatives, with e-bikes emerging as a popular choice. Secondly, the rising costs of fuel and urban congestion are making traditional car commuting less attractive, while e-bikes offer a cost-effective and efficient solution for city travel. Thirdly, supportive government policies and incentives, such as subsidies and tax rebates for e-bike purchases, are encouraging adoption. Additionally, the COVID-19 pandemic has accelerated the shift towards personal modes of transportation, as people look for safer alternatives to public transport. The advancements in battery technology and the expanding infrastructure for cycling, including dedicated bike lanes and charging stations, are also playing a crucial role in driving the market.
Advanced batteries, compact, and lightweight mid-drive motors, and chains with improved durability are trending in the e-bikes market. Personalized Pedal-assist-system (PAS) in bikes is expected to witness growth as there is no need for liability insurance for bike riders. Together, these factors create a dynamic and rapidly growing market for electric bikes, presenting significant opportunities for innovation and widespread adoption.
Global Electric Bikes Market - Key Trends & Drivers Summarized
Electric bikes, or e-bikes, have emerged as a transformative innovation in personal transportation, blending the traditional bicycle's simplicity and efficiency with modern electric propulsion technology. E-bikes are equipped with an electric motor that assists the rider's pedaling, making it easier to travel longer distances and tackle steep inclines without excessive effort. This technology has made cycling accessible to a broader demographic, including older adults and those with physical limitations, and has positioned e-bikes as a viable alternative to cars for short to medium commutes. The market offers a wide range of e-bikes, from urban commuter models to rugged mountain bikes and cargo bikes, catering to various use cases and preferences. The appeal of e-bikes lies not only in their convenience and versatility but also in their potential to reduce urban congestion and pollution, promoting more sustainable urban mobility.Technological advancements have significantly enhanced the performance and appeal of electric bikes. Improvements in battery technology, particularly the development of lithium-ion batteries, have increased the range and reduced the weight of e-bikes, making them more practical for everyday use. Modern e-bikes often feature smart technologies, such as integrated GPS, Bluetooth connectivity, and app-based controls, allowing riders to track their rides, navigate routes, and monitor battery life. Additionally, advancements in motor design have led to quieter, more efficient, and more powerful motors, improving the overall riding experience. Manufacturers are also focusing on improving the aesthetics and ergonomics of e-bikes, integrating the battery and motor seamlessly into the frame to create sleek and stylish designs that appeal to a wider audience.
The growth in the electric bike market is driven by several factors. Firstly, the increasing awareness of environmental issues and the need to reduce carbon footprints have prompted many consumers to seek greener transportation alternatives, with e-bikes emerging as a popular choice. Secondly, the rising costs of fuel and urban congestion are making traditional car commuting less attractive, while e-bikes offer a cost-effective and efficient solution for city travel. Thirdly, supportive government policies and incentives, such as subsidies and tax rebates for e-bike purchases, are encouraging adoption. Additionally, the COVID-19 pandemic has accelerated the shift towards personal modes of transportation, as people look for safer alternatives to public transport. The advancements in battery technology and the expanding infrastructure for cycling, including dedicated bike lanes and charging stations, are also playing a crucial role in driving the market.
Advanced batteries, compact, and lightweight mid-drive motors, and chains with improved durability are trending in the e-bikes market. Personalized Pedal-assist-system (PAS) in bikes is expected to witness growth as there is no need for liability insurance for bike riders. Together, these factors create a dynamic and rapidly growing market for electric bikes, presenting significant opportunities for innovation and widespread adoption.
Scope of the Study
The report analyzes the Electric Bikes market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Mode (Pedal Assist, Throttle); Drive Mechanism (Hub Motor, Mid Drive); Battery Type (Lead Acid, Lithium Ion, Lithium Polymer, Other Battery Types).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Pedal Assist Electric Bikes segment, which is expected to reach US$48.2 Billion by 2030 with a CAGR of a 7.9%. The Throttle Electric Bikes segment is also set to grow at 5.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $1.4 Billion in 2024, and China, forecasted to grow at an impressive 8.8% CAGR to reach $21.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bajaj Auto Ltd., Accell Group N.V., Aima Technology Co., Ltd., Avanti Bikes, Batavus BV and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Electric Bikes Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Bikes Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Electric Bikes Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 196 major companies featured in this Electric Bikes market report include:
- Bajaj Auto Ltd.
- Accell Group N.V.
- Aima Technology Co., Ltd.
- Avanti Bikes
- Batavus BV
- BH Bikes
- Blaupunkt GmbH
- Blue Factory Team SLU (Mondraker)
- BMC Switzerland AG
- Brompton Bicycle Ltd.
- Cannondale Bicycle Corporation
- Canyon Bicycles GmbH
- Bike Friday
- Bird Rides, Inc.
- Ather Energy
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
BELGIUM
NETHERLANDS
REST OF EUROPE
ASIA-PACIFIC
LATIN AMERICA
REST OF WORLD
Companies Mentioned
- Bajaj Auto Ltd.
- Accell Group N.V.
- Aima Technology Co., Ltd.
- Avanti Bikes
- Batavus BV
- BH Bikes
- Blaupunkt GmbH
- Blue Factory Team SLU (Mondraker)
- BMC Switzerland AG
- Brompton Bicycle Ltd.
- Cannondale Bicycle Corporation
- Canyon Bicycles GmbH
- Bike Friday
- Bird Rides, Inc.
- Ather Energy
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 362 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 34.6 Billion |
| Forecasted Market Value ( USD | $ 53.9 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
