North America E-bike Market

NORTH AMERICA E-BIKE MARKET ANALYSIS

The North America E-bike market is poised for significant growth, with an estimated size of USD 3.25 billion in 2023. Projections indicate a robust CAGR of 18.05%, reaching USD 10.37 billion by 2030.

The North America E-bike market is experiencing robust growth, marked by increasing adoption and evolving trends. Key factors such as rising fuel costs, traffic congestion, and a heightened focus on health contribute to the market’s expansion. Here’s a comprehensive look at the factors fueling the growth of the North America E-bike market.

North America E-bike Market Trends

Rise in Consumer Preferences toward Pollution-Free Vehicles. The North American region is experiencing a surge in demand for e-bicycles, driven by factors such as escalating fuel prices, traffic congestion, and health consciousness. The United States leads in e-bike sales, witnessing a 2.5% adoption rate in 2018. The pandemic in 2020 further boosted adoption, with a 3.2% rate, as people embraced personal transportation and fitness habits. The introduction of advanced models, like Yamaha’s Wabash RT Gravel Adventure and CrossCore RC Fitness Commuter, is expected to fuel adoption.

North America Country-Level Market Overview

The North American e-bike market is characterized by fragmentation, with both local and international players. Major cities grapple with transportation challenges, making e-bikes a compelling solution. Increased e-bike usage enhances daily commuting distances and attracts users across age groups. Governments endorse e-bike usage for last-mile deliveries and public sharing networks.

Propulsion Segment Market Overview

The electric vehicle revolution in North America extends to e-bikes, offering a cleaner and greener alternative. Pedal-assisted e-bikes gained popularity for addressing traffic congestion and promoting exercise during commutes. Governments invest in e-bike infrastructure, fostering innovation and attracting businesses to the market. GPS-equipped e-bikes facilitate systematic expansion through data analysis. Future technologies, such as speed pedelecs, are anticipated to meet rising demand.

Key Companies & Market Share Insights

Some prominent players in the North America e-bike market include:

1. Cannondale Bicycle Corporation
2. Giant Manufacturing Co.
3. Riese & Müller
4. Trek Bicycle Corporation
5. Yamaha Bicycles
6. Other Companies

North America E-bike Market Report Segmentation

This report forecasts revenue and volume growth at the country level and analyzes the latest industry trends in each sub-segment from 2018 to 2030. For this study, Beyond Market Insights has segmented the North America E-bikes market report based on Propulsion type, Battery Type, and Application:

Propulsion Type Outlook (Volume, Units; Revenue, USD Million, 2018 – 2030)

1. Pedal Assisted
2. Speed Pedelec
3. Throttle Assisted

Application Outlook (Volume, Units; Revenue, USD Million, 2018 – 2030)

1. Cargo/Utility
2. City/Urban
3. Trekking

Battery Outlook (Volume, Units; Revenue, USD Million, 2018 – 2030)

1. Lead Acid Battery
2. Lithium-ion Battery
3. Others

Country Outlook (Volume, Units; Revenue, USD Million, 2018 – 2030)

1. The U.S.
2. Canada
3. Mexico
4. Rest-of-North America