E-bike Market (By Class: Class 1, Class 2, Class 3; By Speed: Up to 25 km/h, 25-45 km/h: By Battery Type: Lithium-ion, Nickel Metal Hydride (NiMH), Lead Acid, Others; By Motor Type: Hub, Mid-drive; By Mode: Pedal Assist, Throttle, Others; By Application: Mountain/trekking, City/urban, Cargo, Others) - Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

The global E-bike market size was valued at US$ 17.93 billion in 2021 and it is projected to be worth around US$ 52.40 billion by 2030, poised to grow at a CAGR 13.9% during the forecast period 2022 to 2030.

Key Takeaways:

  • By Propulsion Type, the U.S. E-bike market was valued at USD 900.2 million in 2021 and expected to witness growth at a CAGR of 22.7% from 2022 to 2030.
  • The pedal-assisted segment is expected to dominate the market over the forecast period owing to the rising demand for pedal-assisted e-bikes among the youth and elderly population
  • The lead-acid battery segment dominated the market with a 45.5% market share in 2021, owing to benefits such as low cost and robustness. However, the share is anticipated to decline as a result of a significant rise in demand for Li-ion batteries
  • The Asia Pacific is expected to become the largest regional market over the forecast period owing to significant investments in the vehicle charging infrastructure and government subsidies for battery-powered vehicles

Electric bikes are considered an eco-friendly and flexible mode of transportation. They are an ideal substitute for public transport, scooters, and smart cars as they help avoid traffic jams and achieve high speed with minimal effort. Moreover, they enable riders to maintain a healthy lifestyle through increased physical activity. These factors are contributing to the growth of the global market.

The declining consumer inclination toward cars owing to increased traffic on streets and growing urbanization is expected to offer lucrative growth opportunities for the market across the globe. Additionally, governments of several countries, including India, U.K., and Canada, are focused on developing infrastructures for bicycles owing to the growing consumer preferences for electric bikee-bikes. For instance, in 2017, Bikeep, a commercial bike parking systems and bike racks manufacturer, introduced a smart bicycle rack solution that offers electric bicycle charging. The solution is designed to cater to various popular electric bicycles.

Key players in the market are focused on strategies such as new product launch and geographic expansion to enhance their business operations and product offerings. For instance, in October 2020, Giant Manufacturing Co. Ltd. announced the launch of a full-composite trail bike, Trance X Advanced Pro 29. The bike is equipped with an updated Maestro rear suspension and flip-chip feature that permits riders to modify the frame geometry. Similarly, in October 2020, Pedego Electric Bikes opened a new store in Boca Raton, Florida. The store offers a full range of electric bikes for rental and sale, along with related accessories and services.

Report Scope of the E-bike Market

Report Coverage


Market Size

US$ 52.40 Billion by 2030

Growth Rate

CAGR of 13.9% from 2022 to 2030

Largest Market

Asia Pacific

Fastest Growing Market

North America

Base Year


Forecast Period

2022 to 2030

Segments Covered

Class, Speed, Battery Type, Motor Type, Mode, Application and Region,

Companies Mentioned

Accell Group, Derby Cycle, Fuji-ta Bicycle Co. Ltd., Giant Manufacturing Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Mahindra & Mahindra Ltd. (GenZe), Prodecotech LLC, Tianjin Golden Wheel Group Co., Ltd., Trek Bicycle Corporation, Yamaha Motor Co. Ltd.

Propulsion Type Insights

Based on propulsion type, the market has been segmented into throttle-assisted and pedal-assisted. The pedal-assisted segment dominated the market in 2021 and accounted for over 58.7% market share. Pedal-assisted e-bikes generate greater power from the motor, enabling riders to move faster and pedal easily. Moreover, these bikes are widely adopted for use on hills and steep routes. The surge in demand for pedal-assisted e-bikes among the youth is anticipated to contribute to market growth.

The throttle-assisted segment is estimated to grow at the highest CAGR of 14.6% over the forecast period. The growth of the segment can be attributed to the increasing adoption of throttle-assisted e-bikes owing to the power provided by the throttle directly to the engine, thus mitigating the need to pedal manually.

Battery Type Insights

Based on battery type, the market has been segmented into lithium-ion (Li-ion) battery and lead-acid battery. The lead-acid battery segment dominated the market in 2021 and accounted for over 54.9% market share. The segment growth can be attributed to various benefits offered by lead-acid batteries, such as low cost and robustness. However, the adoption of these batteries is projected to decline over the coming years as they are bulky and discharge rapidly.

The lithium-ion battery segment is estimated to grow at a CAGR of 12.9% from 2022 to 2030. As per a report published by the European Commission, the price of lithium-ion batteries is anticipated to decrease by nearly 70% by 2030. Benefits such as high charge density, high performance, low weight, and high charging-discharging efficiency are anticipated to favor the adoption of these batteries, thereby supporting the segment growth.

Power Insights

The above 250W segment accounted for a 51% share of the overall market in 2021. E-bikes with a power output of over 250W have gained popularity as they can effortlessly be ridden on hilly and steep areas. This is expected to drive the growth of the segment over the forecast period as well.

The less than or equal to 250W segment is anticipated to grow at a CAGR of 14.9% over the forecast period. E-bikes with a power of less than or equal to 250W can be ridden in the city as well as in high and steep areas for both recreational and fitness purposes. Furthermore, the low power output required by these bikes reduces the need to charge them frequently.

Application Insights

The trekking segment accounted for over 49.9% share of the global revenue in 2021. The use of e-bikes is rapidly increasing for recreational and trekking activities. Additionally, the growing awareness for performance-based adventure, along with the increasing demand for leisure activities, is expected to further contribute to the market growth.

The cargo segment is anticipated to grow at a CAGR of 14.4% from 2022 to 2030. The increasing demand for e-bikes to carry luggage from one place to another is expected to support the growth of the segment over the forecast period. A surge in logistics and freight activities in countries such as India and China is also expected to drive the demand for e-bikes.

Regional Insights

The Asia Pacific held the largest revenue share of over 76.9% in 2021, owing to the increasing consumption expenditure in countries such as China and India. The Asia Pacific is undergoing numerous technological advancements along with ever-developing charging infrastructure. The region is characterized by the presence of numerous prominent players, such as Yadea Group Holdings Ltd., Yamaha Motor Company, and Aima Technology Group Co. Ltd. The rising demand for eco-friendly transportation and increasing government initiatives is anticipated to further drive the growth.

North America is anticipated to grow at the highest CAGR of 15.8% from 2022 to 2030. The rising number of manufacturing units and IT companies, coupled with the surging tech-savvy and urban population in the region, is expected to drive the growth of the regional market. Furthermore, the low cost of raw materials and availability of cheap labor in the region are likely to provide lucrative opportunities for the regional market.

Key market players profiled under the global e-bike market:

  • Accell Group
  • Derby Cycle
  • Fuji-ta Bicycle Co. Ltd.
  • Giant Manufacturing Co. Ltd.
  • Jiangsu Xinri E-Vehicle Co. Ltd.
  • Mahindra & Mahindra Ltd. (GenZe)
  • Prodecotech LLC
  • Tianjin Golden Wheel Group Co., Ltd.
  • Trek Bicycle Corporation
  • Yamaha Motor Co. Ltd.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global E-bike market

 By Class

  • Class 1
  • Class 2
  • Class 3

By Speed

  • Up to 25 km/h
  • 25-45 km/h

By Battery Type

  • Lithium-ion
  • Nickel Metal Hydride (NiMH)
  • Lead Acid
  • Others

By Motor Type

  • Hub
  • Mid-drive
  • Others

By Mode

  • Pedal Assist
  • Throttle
  • Speed Pedelecs
  • Scooter or Motorcycle
  • Others

By Application

  • Mountain/trekking
  • City/urban
  • Cargo
  • Others

By Component

  • Battery
  • Electric Motor
  • Frame with Fork
  • Wheels
  • Crank Gear
  • Brake System
  • Motor Controller

By Ownership

  • Shared
  • Personal

By Geography

North America

  • U.S.
  • Canada


  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Key Points Covered in E-bike Market Study:

  • Growth of E-bike in 2022
  • Market Estimates and Forecasts (2017-2030)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for E-bike and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  E-bike Consumption Analysis
  •  E-bike Production Analysis
  •  E-bike and Management

Report Detail

  • Report Code:7369
  • No. of Pages:150+
  • Format:PDF/PPT/Excel

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