Refurbished E-Bike Market Size is valued at USD 5.0 Bn in 2024 and is predicted to reach USD 11.3 Bn by the year 2034 at a 8.6% CAGR during the forecast period for 2025-2034.
Professionally restored, inspected, and serviced, refurbished e-bikes are pre-owned electric bicycles that have been resold after meeting high standards of safety, reliability, and performance. They provide a cost-effective and sustainable alternative to purchasing new, thereby increasing the accessibility of e-mobility to a broader spectrum of passengers.
These bikes are popular among commuters, delivery riders, and recreational users seeking high-quality e-bikes at a lower cost because they offer more economical and environmentally friendly options than purchasing brand-new ones. The market for refurbished e-bikes is expanding significantly due to a combination of technological, environmental, and economic concerns. The growing demand from consumers for reasonably priced and environmentally friendly transportation options is one of the main drivers. A more affordable option, refurbished e-bikes enable electric mobility for a wider range of people, including younger riders and those on a tight budget. Refurbished e-bikes are a desirable alternative for environmentally responsible commuting because of their cost and rising environmental awareness. Additionally, technological developments have accelerated its market growth. Advancements in battery technology, such as higher energy density and quicker charging, have increased e-bikes' usability and range, allaying worries about their short travel distances.
Globally, government initiatives are also quite important. Subsidies as well as incentives for the adoption of electric vehicles, including e-bikes, have resulted from policies intended to reduce carbon emissions. This transition to sustainable transportation is further supported by infrastructure improvements like the installation of bike-friendly roadways and charging stations. However, some buyers are hesitant to purchase e-bikes because they have concerns about their performance and longevity in comparison to more recent versions. Because trust must be built, issues with battery life, wear, tearing, and warranty limitations might impede market expansion.
Competitive Landscape
Some Major Key Players In The Refurbished E-Bike Market:
- Upway
- The Pro’s Closet
- Luckeep
- Rad Power Bikes
- Trek (Red Barn Refresh)
- BikeExchange
- Whizz Mobility
- EBYCCO
- Decathlon
- VanMoof (via Resellers)
- XO Bikes
- Wahu Mobility
Market Segmentation:
The Refurbished E-Bike market is segmented based on type, motor type, battery type, application, and sales channel. Based on type, the market is segmented into Pedal-Assisted (Pedelec), Speed Pedelec, and Throttle-Based. By motor type, the market is segmented into Hub Motor (Front, Rear) and Mid-Drive Motor. The battery type segmentation includes Lead-Acid Battery, Lithium-Ion Battery (Li-ion), and Nickel Metal Hydride (NiMH). According to the application category, the market is segmented into Urban/City Commuting, Cargo/Delivery, Leisure/Cruiser, Off-road/Mountain Biking, and Touring/Trekking. The sales channel segment consists of Online Marketplaces and Offline Stores.
Based On The Type, The Pedal-Assisted (Pedelec) Segment Is Accounted As A Major Contributor To The Refurbished E-Bike Market.
The Pedal-Assisted (Pedelec) category is expected to lead with major global market share in 2024 because of its energy efficiency and inherent cycling pleasure. These bikes are appropriate for daily traffic, fitness, and urban mobility because they only provide support to the rider when they pedal. Their extended battery life and lower battery usage when compared to throttle-based models are important considerations for consumers purchasing refurbished goods. Pedelecs' commercial domination is further strengthened by European regulations supporting them.
Lithium-Ion Battery (Li-ion) segment to witness growth at a rapid rate
The market for refurbished e-bikes is dominated by Li-ion batteries because of their superior energy density, long lifespan, and low weight. Because of their durability, used e-bikes can resume their proper range and performance, making them perfect for rejuvenation. Since Li-ion batteries power the majority of contemporary e-bikes, there are more refurbished models available in this market.
In The Region, The North American Refurbished E-Bike Market Holds A Significant Revenue Share.
The North American Refurbished E-Bike market is expected to register the highest market share in revenue in the near future. This trend is being driven by a number of factors, including growing urban populations, rising fuel prices, and a cultural shift toward green transportation. Customers are looking for sustainable mobility options as they grow increasingly conscious of environmental challenges. For students, gig workers, and travellers on a tight budget, refurbished e-bikes provide an economical and eco-friendly substitute for new ones. In addition, Asia Pacific is projected to grow rapidly in the global Refurbished E-Bike market led by strong countries. China is already the largest e-bike manufacturer and consumer in the world, thanks to a well-established renewal ecosystem that facilitates component reuse and resale. E-bikes are a preferred form of transportation in Japan due to the country's ageing population and small city layouts, and middle-class and senior citizens are increasingly purchasing updated models.
Recent Development:
- October 2024: Wahu Mobility opened Ghana's first electric vehicle plant manufacturing e-bikes that are intended for long-term urban conditions. The bike features smart locks that are operated by a smartphone app and two replaceable batteries.
Refurbished E-Bike Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2024 |
USD 5.0 Bn |
|
Revenue Forecast In 2034 |
USD 11.3 Bn |
|
Growth Rate CAGR |
CAGR of 8.6% from 2025 to 2034 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
|
Historic Year |
2021 to 2024 |
|
Forecast Year |
2025-2034 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Type, Motor Type, Battery Type, Application, And Sales Channel |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Upway, The Pro’s Closet, Luckeep, Rad Power Bikes, Trek (Red Barn Refresh), BikeExchange, Whizz Mobility, EBYCCO, Decathlon, VanMoof (via Resellers), XO Bikes, and Wahu Mobility. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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