Global E-bike Market Size is valued at USD 35.4 Billion in 2024 and is predicted to reach USD 80.6 Billion by the year 2034 at a 8.7% CAGR during the forecast period for 2025-2034.
Electric bikes (E-bikes) are convenient, flexible, environmentally reliable, and modern transportation. Consumers view them as the most suitable replacement for scooters, smart cars, and public transportation. E-bikes, because of their more compact size, capacity to ride further on a single charge, and beneficial impacts on health, have the potential to contribute to the easing of traffic congestion. These factors have contributed to the rapid increase in the popularity of electric bikes all around the globe.
It is anticipated that the market will expand as a result of factors such as the implementation of government regulations to encourage the use of electric bikes, consumer intention for using e-bikes as an environmentally friendly and efficient commute solution, an increase in the price of fuel, and a rise in interest in cycling as a form of exercise and recreational activity.
The E-bike Market expansion needs to be improved by the increased price of e-bikes and the ban on their use in China's major cities. Additionally, battery technology and bicycle infrastructure advancements are anticipated to present an attractive potential for expanding the electric bike market.
The e-bike market is segmented based on class, speed, motor type, mode, battery type, component, usage, and ownership. Based on class, the market is segregated into Class-I, Class II and Class III. Based on speed, the market is segregated into up to 25km/h and 25-45 km/h. Based on battery type, the market is segregated into lithium-ion, lithium-ion polymer, lead acid and others. Based on motor type, the market is segmented into hub and mid. Based on mode, the market is segmented into pedal assist and throttle. Based on components, the market is segregated into batteries, electric motors, frames with forks, wheels, crank gears, brake systems and motor controllers. Based on usage, the market is segmented into mountain, trekking, city/urban, cargo and others. Based on ownership, the market is segmented into shared and personal.
Currently, lithium-ion (Li-ion) batteries rule the e-bike industry. Due to their high energy density, prolonged cycle life, and low self-discharge rate, lithium-ion batteries are frequently utilized in e-bikes. These batteries are also smaller and lighter than other varieties, which makes them the perfect option for e-bikes, which need batteries that can supply enough power for long rides while also being lightweight. Li-ion batteries are also practical for e-bike users because they are simple to charge and have a significant amount of range per charge. E-bikes can now travel farther and faster because of the availability of high-capacity Li-ion batteries, further boosting customer interest in them.
The pedal segment is projected to grow at a rapid rate in the global E-bike Market. The pedal-assist category dominates the market for e-bikes, sometimes referred to as the pedelec segment. Pedal-assist e-bikes contain a motor that helps the rider while they pedal; the level of assistance may be changed to suit the rider's preferences. This e-bike is intended to simplify cycling, especially for those who might find it challenging to ride a traditional bike, such as elderly folks or those who are physically limited. Because of their convenience and adaptability, pedal-assist e-bikes are becoming more and more popular. They provide riders with the best of both worlds by enabling them to benefit from cycling's physical advantages while having access to an electric motor when necessary. They are now a well-liked option for commuting, recreational riding, and other uses.
The Asia Pacific E-bike Market is expected to record the highest market share in revenue shortly. Due to a significant increase in the production and demand for e-bikes, the Asia Pacific region has become the world leader in the e-bike market. A certain percentage of market revenue is concentrated in the area, with China leading the pack and producing most of the e-bikes sold worldwide. This is expected to fuel the region's e-bike market growth even more.
Moreover, the e-bike market in the Middle East and Africa is still in the early stages of adoption and is expected to develop at the quickest rate in the future years. The rapid development of micro-mobility infrastructure in the area is the main factor causing the region to grow tremendously. Additionally, the region has recently been looking for enticing demand for bike-sharing programs.
E-bike Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2024 |
USD 35.4 Billion |
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Revenue forecast in 2034 |
USD 80.6 Billion |
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Growth rate CAGR |
CAGR of 8.7% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Mn, Volume (Thousand Units) and CAGR from 2025 to 2034 |
|
Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Class, Speed, Motor Type, Mode, Battery Type, Component, Usage, And Ownership |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; Southeast Asia |
|
Competitive Landscape |
Accell Group (Netherlands) Pon. Bike (US), Merida Industry Co.Ltd. (China), Giant Manufacturing Co.Ltd. (Taiwan), and Yamaha Motor Company (Japan) |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Lithium-ion Battery Market Snapshot
Chapter 4. Global Lithium-ion Battery Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Component Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Class Estimates & Trend Analysis
5.1. by Class & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Class:
5.2.1. Class-I
5.2.2. Class-II
5.2.3. Class-III
Chapter 6. Market Segmentation 2: by Speed Estimates & Trend Analysis
6.1. by Speed & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Speed:
6.2.1. Up to 25 km/h
6.2.2. 25-45 km/h
Chapter 7. Market Segmentation 3: by Battery Type Estimates & Trend Analysis
7.1. by Battery Type & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Battery Type:
7.2.1. Lithium-ion
7.2.2. Lithium-ion Polymer
7.2.3. Lead Acid
7.2.4. Others
Chapter 8. Market Segmentation 4: by Motor Type Estimates & Trend Analysis
8.1. by Motor Type & Market Share, 2024 & 2034
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Motor Type:
8.2.1. Hub
8.2.2. Mid
Chapter 9. Market Segmentation 5: by Mode Estimates & Trend Analysis
9.1. by Mode & Market Share, 2024 & 2034
9.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Mode:
9.2.1. Pedal Assist
9.2.2. Throttle
Chapter 10. Market Segmentation 6: by Component Estimates & Trend Analysis
10.1. by Component& Market Share, 2024 & 2034
10.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Component:
10.2.1. Batteries
10.2.2. Electric Motors
10.2.3. Frames With Forks
10.2.4. Wheels
10.2.5. Crank Gears
10.2.6. Brake Systems
10.2.7. Motor Controller
Chapter 11. Market Segmentation 7: by Usage Estimates & Trend Analysis
11.1. by Usage & Market Share, 2024 & 2034
11.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Usage:
11.2.1. Mountain
11.2.2. Trekking
11.2.3. City/Urban
11.2.4. Cargo
11.2.5. Others
Chapter 12. Market Segmentation 8: by Ownership Estimates & Trend Analysis
12.1. by Ownership & Market Share, 2024 & 2034
12.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Ownership:
12.2.1. Shared
12.2.2. Personal
Chapter 13. Lithium-ion Battery Market Segmentation 9: Regional Estimates & Trend Analysis
13.1. North America
13.1.1. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Class, 2021-2034
13.1.2. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Speed, 2021-2034
13.1.3. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Battery Type, 2021-2034
13.1.4. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Motor Type, 2021-2034
13.1.5. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Mode, 2021-2034
13.1.6. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
13.1.7. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Usage, 2021-2034
13.1.8. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Ownership, 2021-2034
13.1.9. North America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
13.2. Europe
13.2.1. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Class, 2021-2034
13.2.2. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Speed, 2021-2034
13.2.3. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Battery Type, 2021-2034
13.2.4. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Motor Type, 2021-2034
13.2.5. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Mode, 2021-2034
13.2.6. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
13.2.7. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Usage, 2021-2034
13.2.8. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Ownership, 2021-2034
13.2.9. Europe Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
13.3. Asia Pacific
13.3.1. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Class, 2021-2034
13.3.2. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Speed, 2021-2034
13.3.3. Asia-Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Battery Type, 2021-2034
13.3.4. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Motor Type, 2021-2034
13.3.5. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Mode, 2021-2034
13.3.6. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
13.3.7. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Usage, 2021-2034
13.3.8. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Ownership, 2021-2034
13.3.9. Asia Pacific Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
13.4. Latin America
13.4.1. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Class, 2021-2034
13.4.2. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Speed, 2021-2034
13.4.3. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Battery Type, 2021-2034
13.4.4. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Motor Type, 2021-2034
13.4.5. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Mode, 2021-2034
13.4.6. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
13.4.7. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Usage, 2021-2034
13.4.8. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Ownership, 2021-2034
13.4.9. Latin America Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
13.5. Middle East & Africa
13.5.1. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Class, 2021-2034
13.5.2. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Speed, 2021-2034
13.5.3. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Battery Type, 2021-2034
13.5.4. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Motor Type, 2021-2034
13.5.5. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Mode, 2021-2034
13.5.6. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
13.5.7. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Usage, 2021-2034
13.5.8. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Ownership, 2021-2034
13.5.9. Middle East & Africa Lithium-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 14. Competitive Landscape
14.1. Major Mergers and Acquisitions/Strategic Alliances
14.2. Company Profiles
14.2.1. A2B (London)
14.2.2. Accell Group (Netherlands)
14.2.3. AIMA Technology Group Co. Ltd.
14.2.4. Amego Electric Vehicles Inc. (Canada)
14.2.5. Bionx International Corporation (Canada)
14.2.6. Derby Cycle
14.2.7. F.I.V. E. Bianchi S.p.A. (Italy)
14.2.8. Fuji-ta Bicycle Co., Ltd.
14.2.9. GenZe (US)
14.2.10. Giant Manufacturing Co., Ltd.
14.2.11. ITALJET SPA (Italy)
14.2.12. Jiangsu Xinri E-Vehicle Co., Ltd.
14.2.13. Karbon Kinetics Ltd (UK)
14.2.14. Kawasaki Motors Corp. (USA)
14.2.15. Mahindra & Mahindra Ltd. (GenZe)
14.2.16. Merida Industry Co.Ltd. (China)
14.2.17. myStromer AG (Switzerland)
14.2.18. Panasonic Corporation (Japan)
14.2.19. Pedego Electric Bikes (US)
14.2.20. Pon.Bike (US)
14.2.21. Prodecotech, LLC
14.2.22. Rad Power Bikes (U.S.)
14.2.23. Riese & Müller GmbH (Germany)
14.2.24. Robert Bosch GmbH (Germany)
14.2.25. Shimano Inc. (Japan)
14.2.26. Solex Cycle North America Inc. (Canada)
14.2.27. Specialized Bicycle Components, Inc. (US)
14.2.28. Sporttechnik GmbH & Co. KG (Germany)
14.2.29. Tianjin Golden Wheel Group Co., Ltd.
14.2.30. Trek Bicycle Corporation
14.2.31. VanMoof (Netherlands)
14.2.32. Yadea Group Holdings Ltd.
14.2.33. Yamaha Motor Company (Japan)
14.2.34. Other Prominent Players
E-bike Market By Class-
E-bike Market By Speed-
E-bike Market By Battery type-
E-bike Market By Motor type-
E-bike Market By Mode-
E-bike Market By Component-
E-bike Market By Usage-
E-bike Market By Ownership-
E-bike Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
