- Electric bikes, offering pedal-assisted or throttle-based propulsion, are becoming integral to urban mobility and recreational activities due to their environmental benefits, cost-effectiveness, and versatility in navigating congested cities
- The demand for e-bikes is fueled by growing environmental concerns, rising fuel costs, and a shift toward active lifestyles, with consumers prioritizing convenience and sustainability
- The U.S. dominated the North America electric bike market with a revenue share of 65.3% in 2024, driven by widespread adoption in urban areas, supportive infrastructure, and a strong presence of key manufacturers. Innovations in lightweight batteries and smart connectivity features further boost growth
- Canada is expected to be the fastest-growing country in the North America electric bike market during the forecast period, propelled by increasing urbanization, government subsidies, and rising consumer preference for eco-conscious commuting options
- The lithium-ion segment dominated the largest market revenue share of 54.6% in 2024, driven by its high energy density, lightweight design, and longer lifespan, which enhance e-bike performance and range
