Demand for E-Bikes Set to Explode in North America in Coming Years

The global e-bike market is predicted to generate a revenue of $25.9 billion by 2025, increasing from $14.4 billion in 2019, and predicted to progress at a 10.3% CAGR during the forecast period (2020–2025). The market is registering growth due to the rising urban road congestion, surging concerns regarding the environment, rising health concerns, and increasing government subsidies and financial incentives. When ownership type is taken into consideration, the market is divided into shared and personal.



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Between these two, the personal division led the market in the past, holding more than 95.0% volume share in 2019. This is primarily because, e-bikes have only been introduced in the shared mobility domain by a few vendors. However, a large number of people have been buying these vehicles for private usage since various years. The shared division is projected to register the faster growth during the forecast period in the e-bike market.

The Asia-Pacific region has been dominating the e-bike market in the past, in terms of volume. Commuting through bike has been a common means of transportation in a number of countries in the region, such as India, Japan, and China. The increasing sales of low-speed electric two-wheelers in China is further expected to drive the regional market during the forecast period. North America is expected to demonstrate the highest value CAGR during the forecast period, as bikes are being used for recreational purposes in the region.

Hence, the market is predicted to register growth due to various government initiatives and integration of smartphones in e-bikes.

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Market Segmentation by Ownership Type

  • Personal
  • Shared

Market Segmentation by Battery

  • Lithium-Ion (Li-Ion)
  • Lead Acid
  • Others

Market Segmentation by Propulsion Type

  • Pedal-Assist
  • Throttle-Based

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