Market Insights - Industry Research Report

North America E-bike Market

Report on North America E-bike Market: Size, Share, and Growth – Covering by Propulsion Type (Pedal Assisted, Speed Pedelec, Throttle Assisted), by Application Type (Cargo/Utility, City/Urban, Trekking), by Battery Type (Lead Acid Battery, Lithium-ion Battery, Others) and by Country (Canada, Mexico, US, Rest-of-North America) Analysis – Providing a Industry Overview, Market Intelligence, Premium Insights, Comprehensive Analysis, Historical Data, and Forecasts for the Period 2024-2030

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 E-BIKE MARKET

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
North America E-bike Market Report Scope
Report Attribute Details
Market Size Value in 2023 USD 3.25 billion
Revenue Forecast in 2030 USD 10.37 billion
Growth Rate CAGR of 18.05% from 2024 to 2030
Base Year for estimation 2023
Historical Data 2018 – 2023
Forecast Period 2024 – 2030
Report Updated Dec-23
Quantitative Units Revenue in USD million and CAGR from 2024 to 2030
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered Propulsion Type, Application Type, Battery Type, and Country
Regional Scope North America
Country Scope U.S.; Canada; Mexico, Rest-of-North America
Key Companies Profiled Cannondale Bicycle Corporation, Giant Manufacturing Co., Riese & Müller, Trek Bicycle Corporation, and Yamaha Bicycles.

Frequently Asked Questions

The North America E-bike Market is projected to reach USD 3.25 billion in 2023, growing at a CAGR of 18.05% to USD 10.37 billion by 2030.
In 2023, the North America E-bike Market is expected to reach USD 3.25 billion.
Major companies in the North America E-bike Market include Cannondale Bicycle Corporation, Giant Manufacturing Co., Riese & Müller, Trek Bicycle Corporation, and Yamaha Bicycles.
In the North America E-bike Market, the Pedal Assisted segment dominates as the largest share by propulsion type.
In 2023, the US claims the largest share by country in the North America E-bike Market.

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