Electric Bikes Market Report 2026

The electric bikes market size has grown rapidly in recent years. It will grow from $61.79 billion in 2025 to $69.9 billion in 2026 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to urban congestion issues, fuel price volatility, cycling infrastructure growth, lithium-ion battery adoption, recreational cycling demand.

The electric bikes market size is expected to see rapid growth in the next few years. It will grow to $109.16 billion in 2030 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to micro-mobility expansion, emission reduction policies, battery technology improvements, smart mobility integration, last-mile delivery demand. Major trends in the forecast period include rising adoption of urban e-bikes, growth of cargo e-bikes, integration of smart connectivity features, demand for lightweight frames, expansion of shared mobility programs.

Rising fuel costs resulting from supply shortages are expected to drive the growth of the electric bike market going forward. Fuel costs represent the overall expenses associated with purchasing and using fuel to power vehicles, machinery, and equipment. In comparison, electricity prices tend to be more stable than fuel prices, which often experience sharp fluctuations due to supply constraints and geopolitical factors. This price stability offers greater cost predictability and reassurance for electric bike users. For example, in October 2023, according to Eurostat, a Luxembourg-based statistical office of the European Union, average gas prices increased compared with the same period in 2022, rising from $9.29 per 100 kWh to $12.86 per 100 kWh during the first half of 2023. Therefore, increasing fuel costs driven by supply shortages are contributing to the growth of the electric bikes market.

Major companies in the electric bikes market are focusing on technological advancements, such as next-generation 12 kW in-hub powertrains, to improve performance, enhance torque and acceleration, boost energy efficiency, and deliver higher speeds while providing a smoother and more powerful riding experience. A 12 kW in-hub powertrain is a wheel-integrated motor system designed to significantly enhance electric bike power output and efficiency. For instance, in February 2024, Kabira Mobility Pvt. Ltd., an India-based electric vehicle startup, introduced two electric bike models featuring India’s first aluminum-core hub motor powertrain developed in collaboration with Foxconn. The second-generation KM3000 and KM4000 Mark-II models deliver 12 kW of power and 192 Nm of torque, achieve a top speed of 120 km/h, and accelerate from 0 to 40 km/h in 2.9 seconds. These models include a modular battery pack offering a range of up to 201 km, a fast 1.5 kW onboard charger, advanced Showa suspension systems, dual CBS safety features, a projector headlamp for improved night visibility, and a front storage compartment. Both models are priced at ₹1,74,000 and ₹1,76,000 respectively and are backed by a 3-year or 30,000 km warranty.

In July 2024, Cycle, a UK-based electric mobility company, acquired eBike4Delivery for an undisclosed amount. Through this acquisition, Cycle aims to expand last-mile delivery solutions across the UK by incorporating eBike4Delivery’s fleet and technology into its operations, thereby improving delivery efficiency, sustainability, and operational reach. eBike4Delivery is a UK-based company specializing in electric bikes and related solutions for last-mile delivery services.

Major companies operating in the electric bikes market report include Panasonic Corporation, Yamaha Motor Company, Pon Holdings BV, Giant Manufacturing Co. Ltd., Pon Bicycle Holding B.V., Yadea Group Holdings Ltd., Accell Group NV, Trek Bicycle Corporation, Merida Industry Co. Ltd., Tianjin Golden Wheel Bicycle Group Co. Ltd., FRITZMEIER Systems GmbH & Co. KG, Specialized Bicycle Components Inc., Cube Bikes GmbH, Derby Cycle AG, Derby Cycle Holding GmbH, Brompton Bicycle Ltd., Beistegui Hermanos S.A., VanMoof, Koninklijke Gazelle N.V., Pedego Electric Bikes, Cannondale Bicycle Corporation, Electra Bicycle Company, BionX International Corporation, Focus Bikes GmbH, Gocycle Limited, Klever Mobility Europe GmbH, Tianjin Fuji-ta Group, Bulls Bikes GmbH, KTM Fahrrad GmbH, Cycles Lapierre S.A.S., M1-Sporttechnik GmbH & Co. KG, Orbea S. Coop. Ltda., Pivot Cycles LLC.

Asia-Pacificwas the largest region in the electric bikes market in 2025. Europe is expected to be the fastest growing region in the forecast period. The regions covered in the electric bikes market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric bikes market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electronic bikes market consists of sales of e-moped, e-cycles and e-scooters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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