Enjoy complimentary customisation on priority with our Enterprise License!
The e-bike market size is estimated to grow by USD 16.48 billion between 2023 and 2028. The market is accelerating at a compound annual growth rate of 6.95%. The market is witnessing significant growth driven by several key factors. There is a growing emphasis on sustainability and environmental concerns, prompting consumers to adopt eco-friendly transportation solutions like e-bikes and electric two-wheelers. Additionally, the popularity of connected electric bikes along with BMX bikes, equipped with advanced features and connectivity options, is further fueling market expansion. However, challenges such as product recalls due to potential failures of electric bikes pose challenges to e-bike market growth. Despite these challenges, the market is expected to continue its upward trajectory owing to increasing urbanization and the shift toward greener modes of transportation. The electric bike market is evolving with growing popularity among young adults, males, women, and kids, driven by fitness, adventure, and off-road sports. National regulations and cyclist organizations significantly influence the e-bike market ecosystem, involving raw material suppliers, component manufacturers, and end users. Class-II e-bikes, Class-III e-bikes, and moped-style electric two-wheelers dominate this sector. Challenges include a lack of infrastructures such as bike lanes and a decline in e-bike sales. Lead acid-equipped e-bikes and lead acid batteries remain prevalent, though advancements aim to enhance efficiency and reduce environmental impact in this expanding market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Battery Type
7 Market Segmentation by Propulsion
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.