North America Electric Bike (E-Bike) Market , By Battery Type (Lithium-Ion, Lithium-Ion Polymer, Nickel Metal Hydride, Lead Acid, Sealed Lead Acid and Others), Hub Motor Location (Mid Drive Hub Motor, Rear Hub Motor and Front Hub Motor), Mode (Pedal Assist and Throttle), Battery Power (Under 750 W and Over 750 W), Class (Class I (Pedal Assist/Pedelec), Class II (Throttle) and Class III (Speed Pedelec)), Usage (City/Urban, Cruise, Mountain/Trekking Bikes, Racing, Cargo and Others) - Industry Trends and Forecast to 2029.
Market Analysis and Size
In the recent years, consumers are considering electronic bikes as an ideal substitute for smart cars, public transport and scooters. These bikes are highly beneficial in tackling traffic congestion as these bikes are smaller in size and attain higher speed.
North America Electric Bike (E-Bike) Market was valued at USD 2631.44 million in 2021 and is expected to reach USD 6523.78 million by 2029, registering a CAGR of 11.00% during the forecast period of 2022-2029. Lithium-Ion accounts for the largest battery type segment in the respective market owing to the as these batteries are batteries are smaller in size, long-lasting. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Electric bike refers to a bicycle that possesses battery and integrated electric motor drive mechanism. The components produce power for causing or assisting propulsion. Various kinds of globally available e-bikes range from electric bikes with a small motor to more powerful e-bikes that produce power to drive the bike using throttle.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Forecast Period
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2022 - 2029
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Battery Type (Lithium-Ion, Lithium-Ion Polymer, Nickel Metal Hydride, Lead Acid, Sealed Lead Acid and Others), Hub Motor Location (Mid Drive Hub Motor, Rear Hub Motor and Front Hub Motor), Mode (Pedal Assist and Throttle), Battery Power (Under 750 W and Over 750 W), Class (Class I (Pedal Assist/Pedelec), Class II (Throttle) and Class III (Speed Pedelec)), Usage (City/Urban, Cruise, Mountain/Trekking Bikes, Racing, Cargo and Others)
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Countries Covered
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U.S., Canada and Mexico
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Market Players Covered
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Accell Group (Netherlands), Derby Cycle (Germany), JIANGSU XINRI E-VEHICLE CO.,LTD. (China), Karbon Kinetics Ltd (UK), ITALJET SPA (Italy), Riese & Müller GmbH (Germany), M1-Sporttechnik (Germany), F.I.V. E. Bianchi S.p.A. (Italy), Kawasaki Motors Corp., U.S.A. (US), WUXI YADEA EXPORT-IMPORT CO.,LTD. (China), Giant Bicycles (Taiwan), Trek Bicycle Corporation (US), myStromer AG (Switzerland) and Specialized Bicycle Components, Inc.(US), among others
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Market Opportunities
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North America Electric Bike (E-Bike) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Government Initiatives
The rise in the government initiatives to encourage the use of electric bikes acts as one of the major factor driving the growth of electric bike (e-bike) market. These bikes are being considered an eco-friendly and efficient solution for commute.
- Consumer Inclination towards Electric bikes
The rise in consumer inclination towards electric or e-bikes accelerate the market growth. These bikes are widely adopted as they are smaller in size, provide health benefits and offers higher speed with lesser effort.
- Tourism Sector
The expansion of tourism sector in the region further influence the market. The rise in number of tourists and congestion caused by the number escalate the demand for electric bikes.
Additionally, surge in investments, expansion of the automotive sector and increased disposable income positively affect the electric bike (e-bike) market.
Opportunities
Furthermore, development of lightweight electrical energy storage systems extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, trend towards connected e-bikes will further escalate the growth of electric bike (e-bike) market.
Restraints/Challenges faced by the North America Electric Bike (E-Bike) Market
On the other hand, international trade policies and regulations and government regulations and lack of infrastructure are expected to obstruct market growth. Also, technology challenges and high cost of electric bike (e-bike) market are projected to challenge the e-bike market in the forecast period of 2022-2029.
This electric bike (e-bike) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electric bike (e-bike) market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
COVID-19 had a Major Impact on Northe America Electric Bike (E-Bike) Market
COVID-19 impacted electric bike (e-bike) market positively impacted as commuters were mostly avoiding public transportation. E-bikes are being deployed as a convenient, affordable and safe alternative to public transportation. Bikes were adopted as mode of day-to-day transportation due to the government restrictions on public transport, and social-distancing guidelines. The sales were slow in the initial pandemic stage, but the growth is expected to grow in the post-pandemic due to the easing on the restrictions.
Recent Developments
- In February 2020, Specialized Bicycle Components, Inc. launched a new model Turbo Levo SL which will be of mountain usage category and offer light weight built and featured with 29 inch wheel and weighs 9 pounds less than other turbo e-bikes. The new product is expected to increase the product portfolio of the company.
- In February 2019, Amego Electric Vehicles Inc. announced its partnership with Gazelle, a European cycle brand. Through this partnership Amego offered the e-bikes of Gazelle in North America. The new partnership has helped both companies in increasing their product portfolio.
Global North America Electric Bike (E-Bike) Market
The electric bike (e-bike) market is segmented on the basis of battery type, hub motor location, mode, battery power, class and usage. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Battery Type
- Lithium-Ion
- Lithium-Ion Polymer
- Nickel Metal Hydride
- Lead Acid
- Sealed Lead Acid
- Others
Hub Motor Location
- Mid Drive Hub Motor
- Rear Hub Motor
- Front Hub Motor
Mode
- Pedal Assist
- Throttle
Battery Power
- Under 750 W
- Over 750 W
Class
- Class I (Pedal Assist/Pedelec)
- Class II (Throttle)
- Class III (Speed Pedelec)
Usage
- City/Urban
- Cruise
- Mountain/Trekking Bikes
- Racing, Cargo
- Others
North America Electric Bike (E-Bike) Market Regional Analysis/Insights
The electric bike (e-bike) market is analyzed and market size insights and trends are provided by country, battery type, hub motor location, mode, battery power, class and usage.
The countries covered in the North America electric bike (e-bike) market report are U.S., Canada and Mexico.
The U.S. dominates the North America electric bike (e-bike) market as the country has the headquarters for major players such as Specialized Bicycle Components, Inc. and Trek Bicycle Corporation, among others.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Electric Bike (E-Bike) Market Share Analysis
The electric bike (e-bike) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electric bike (e-bike) market.
Some of the major players operating in the electric bike (e-bike) market are
- Accell Group (Netherlands)
- Derby Cycle (Germany)
- JIANGSU XINRI E-VEHICLE CO.,LTD. (China)
- Karbon Kinetics Ltd (UK)
- ITALJET SPA (Italy)
- Riese & Müller GmbH (Germany)
- M1-Sporttechnik (Germany)
- F.I.V. E. Bianchi S.p.A. (Italy)
- Kawasaki Motors Corp., U.S.A. (US)
- WUXI YADEA EXPORT-IMPORT CO.,LTD. (China)
- Giant Bicycles (Taiwan)
- Trek Bicycle Corporation (US)
- myStromer AG (Switzerland)
- Specialized Bicycle Components, Inc.(US)
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