E-bikes Market by Propulsion Type (Throttle-assisted and Dual Mode), Class, Power Output, E-bike Type, Battery Type, Motor Type (Hub Motors and Mid-drive Motors), Structure, Charging Type, Charging Mode, and End User - Global Forecast to 2030

The E-bikes Market is projected to reach $88.3 billion by 2030, at a CAGR of 11.9% from 2024 to 2030. 

The growth of this market is driven by the increasing adoption of e-bikes for shorter commutes, rising environmental concerns, and supportive government policies and regulations. Furthermore, the rising health awareness among consumers and increasing adoption of e-bikes in emerging countries are expected to create market growth opportunities.

However, the high cost of e-bikes and the short lifecycle of batteries restrain the growth of this market. Also, increasing theft and vandalism of e-bikes and poor cycling infrastructure in developing countries pose major challenges for the players in this market. Furthermore, increasing efforts by OEMs to produce lightweight bikes and the increasing trend of connected e-bikes are the key trends observed in the ebike market.

Rising Environmental Concerns

The climate crisis is accelerating at an unprecedented rate, and air pollution is a major issue in public health, as epidemiological studies highlight its numerous detrimental health consequences. Air pollution is also a potential environmental risk factor for neurological diseases and neuropathology. However, as technology is upgrading, there has been a gradual paradigm shift from normal vehicles (which run on fuels such as petroleum and CNG) to electric vehicles.

E-bikes are a growing range of shared micromobility options in cities across Europe, the U.S., and Asia. Using e-bikes for short distances is the next big thing in the automotive sector, including many technological advancements that can help prevent air pollution, noise pollution, and other related factors. Government agencies, including the EPA (Environmental Protection Agency), has started introducing limits on nitrogen oxide and carbon dioxide emissions, which would make all automakers follow the rules and move forward to introduce electric vehicles and micromobility for short commutes.

Countries in the APAC region have made headway in promoting and focusing on the climate change caused due to conventional traveling modes. For example, Thailand aims to produce 53,000 electric motorcycles by 2025 and is planning a trade-in scheme to make electric vehicles cheaper. Indonesia has plans to phase out conventional motorcycles from 2025. Hence, rising environmental concerns and increasing government initiatives are expected to increase the demand for EVs to reduce harmful pollutants and improve air quality, propelling the market growth.

Click here to: Get a Free Sample Copy of this Report

Key Findings in the E-bikes Market Study:

The Dual-mode E-bikes Segment to Register the Highest CAGR During the Forecast Period

Based on propulsion type, the ebike market is segmented into throttle-assisted e-bikes and dual-mode e-bikes. The dual-mode e-bikes segment is projected to register the highest CAGR during the forecast period. Dual-mode e-bikes can ride farther and faster than traditional bicycles. They help improve fitness and are easy to operate. These factors are expected to drive the growth of this segment.

The Class 2 Segment to Register the Highest CAGR During the Forecast Period

Based on class, the ebike market is segmented into class 1, class 2, and class 3. The class 2 segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the rising adoption of e-bikes for short commutes and growing government initiatives in electric mobility.

The 250 W–750 W Segment to Register the Highest CAGR During the Forecast Period

Based on power output, the E-bikes market is segmented into below 250 W, 250 W–750 W, and more than 750 W. The 250 W–750 W segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing adoption of E-bikes in emerging economies, the high growth of the E-bikes market in Europe during the pandemic, favorable incentives and tax benefits, and increasing private investments in the E-bikes segment.

The Adventure E-bikes Segment to Register the Highest CAGR During the Forecast Period

Based on E-bike type, the E-bikes market is segmented into city E-bikes, adventure E-bikes, sports E-bikes, delivery/cargo E-bikes, and other E-bike types. The adventure E-bikes segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing adoption of mountain biking due to an increase in the percentage of bicycle trips and the growing interest in adventure and fitness.

The Lithium-ion Batteries Segment to Register the Highest CAGR During the Forecast Period

Based on battery type, the e-bikes market is segmented into lithium-ion batteries, sealed lead acid batteries, lithium-ion polymer batteries, and other battery types. The lithium-ion batteries segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by increasing demand for electric vehicles, improved battery technology, government policies & regulations, and rising electric micromobility.

The Hub Motors Segment to Register the Highest CAGR During the Forecast Period

Based on motor type, the e-bikes market is segmented into hub motors and mid-drive motors. The hub motors segment is further segmented into geared hub motors and gearless hub motors. The hub motors segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven due to the increased performance efficiency of E-bikes, increasing range, and increasing sales of e-bikes globally.

The Foldable E-bikes Segment to Register the Highest CAGR During the Forecast Period

Based on structure, the e-bikes market is segmented into foldable e-bikes and non-foldable e-bikes. The foldable e-bikes segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by its compact frame, ease of commuting, and lesser parking space requirements.

The Wireless Charging Segment to Register the Highest CAGR During the Forecast Period

Based on charging type, the e-bikes market is segmented into connector charging and wireless charging. The wireless charging segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the rising demand for EV fast-charging infrastructure, the increasing implementation of wireless charging infrastructure in Europe, and the rising prevalence of range anxiety issues associated with electric mobility.

The Swappable Battery Segment to Register the Highest CAGR During the Forecast Period

Based on charging mode, the e-bikes market is segmented into plug-in charging, swappable battery, and solar-powered. The swappable battery segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by battery swapping services to reduce EV acquisition costs and increase the lifespan of the battery. This is boosting the launch of battery swapping services by various automotive start-up companies.

The Business Organizations Segment to Register the Highest CAGR During the Forecast Period

Based on end user, the e-bikes market is segmented into government agencies, academic institutes/universities, business organizations, micromobility service providers, commercial & delivery services, individuals, and other end users. The business organizations segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven due to increasing consumer demand for fuel-efficient and zero tailpipe emission vehicles, government incentives to promote sales and manufacturing of e-bikes, tax rebates, the decline in battery costs, and increasing fuel prices.

North America to be the Fastest Growing Regional Market

Based on geography, the E-bikes market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is slated to register the highest CAGR during the forecast period. The rapid growth of this market is driven by the rising consumer interest in purchasing e-bikes to benefit from tax exemptions on vehicles and the increasing adoption of e-bikes in developing economies for micromobility.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by the leading market participants in the E-bikes market are Robert Bosch GmbH (Germany), Yamaha Motor Co., Ltd. (Japan), Aima Technology Group Co. Ltd. (China), Giant Manufacturing Co., Ltd. (Taiwan), Merida Industry Co., Ltd. (Taiwan), PEDEGO INC (U.S.), Rad Power Bikes Inc. (U.S.), Yadea Group Holdings Ltd. (China), Aventon (U.S.), Fuji-ta Bicycle Co.,Ltd. (China), Trek Bicycle Corporation (U.S.), Riese & Müller GmbH (Germany), Leon Cycle Ltd. (U.K.), myStromer AG (Switzerland), Magnum Electric Bikes (U.S.), Brompton Bicycle Ltd (U.K.), MAHLE GmbH (Germany), Hero Cycles Ltd. (India), Electric Bike Store Ltd (U.K.), and Juiced Riders, Inc. (U.S.).

Scope of the report:

E-bikes Market Assessment, by Propulsion Mode

• Throttle-assisted E-bikes
• Dual-mode E-bikes

E-bikes Market Assessment, by Class

• Class 1
• Class 2
• Class 3

E-bikes Market Assessment, by Power Output

• Below 250 W
• 250 W–750 W
• More than 750 W

E-bikes Market Assessment, by E-bike Type

• City E-bikes
• Adventure E-bikes
• Sports E-bikes
• Delivery/Cargo E-bikes
• Other E-bike Types

E-bikes Market Assessment, by Battery Type

• Lithium-ion Batteries
• Sealed Lead Acid Batteries
• Lithium-ion Polymer Batteries
• Other Battery Types

E-bikes Market Assessment, by Motor Type

• Hub Motors
  • Geared Hub Motors
  • Gearless Hub Motors
• Mid-drive Motors

E-bikes Market Assessment, by Structure

• Foldable E-bikes
• Non-foldable E-bikes

E-bikes Market Assessment, by Charging Type

• Connector Charging
• Wireless Charging

E-bikes Market Assessment, by Charging Mode

• Plug-in Charging
• Swappable Battery
• Solar-powered

E-bikes Market Assessment, by End User

• Government Agencies
• Academic Institutes
• Business Organizations
• Micromobility Service Providers
• Commercial & Delivery Services
• Consumers
• Other End Users

E-bikes Market Assessment, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Singapore
  • Malaysia
  • South Korea
  • Thailand
  • Rest of Asia-Pacific
• Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Israel
  • Rest of Middle East & Africa

Key questions answered in the report: