E-Bike Market: Current Analysis and Forecast (2025-2033)

E-Bike Market Size & Forecast

The E-Bike Market was valued at approximately USD 48.3 billion in 2024 and is expected to grow at a substantial CAGR of around 10.2% during the forecast period (2025-2033), owing to the rising environmental concerns.

E-Bike Market Analysis

Electric bicycles are a versatile, eco-friendly, and fashionable form of transportation. Consumers regard them as a viable alternative to scooters, smart cars, and public transportation. E-bikes help to reduce traffic congestion because of their reduced size, ability to reach higher speeds with less effort, and health advantages gained from pedaling. These considerations have increased the popularity of electric bikes around the world. The market is expected to grow due to factors such as government regulations encouraging the use of electric bikes, consumer preference for e-bikes as an environmentally friendly and efficient mode of transportation, rising fuel prices, and increased interest in cycling as a fitness and recreational activity. However, the expensive cost of e-bikes and a prohibition on their use in large Chinese cities are stifling the market’s expansion. Improvements in bicycle infrastructure and battery technology, and reduced battery cost are also projected to provide attractive chances for the electric bike business to flourish.

E-Bike Market Trends

This section discusses the key market trends influencing the various segments of the E-Bike Market as identified by our research experts.

Rise of Subscription-Based E-Bike Services

Subscription-based and shared mobility are a pivotal transformation that is currently defining the rates of the international e-bike market. Thus, numerous freeloaders are getting easy access to electric bicycles, and their ownership challenges, by companies or startups, especially in the urban areas. This model targets young and environmentally conscious clients and will create new revenue streams, especially because more and more people in Europe and North America are shifting from car ownership to MaaS models.

E-Bike Market Industry Segmentation

This section provides an analysis of the key trends in each segment of the global E-Bike Market report, along with forecasts at the global, regional, and country levels for 2025-2033.

The Pedal-Assisted Segment is Expected to Witness a Higher CAGR than the E-Bike Market.

Based on mode, the market is segmented into pedal-assisted and throttle-assisted. The pedal segment is expected to dominate the market during the forecast period. Consumers like the pedal assist mode because it combines the benefits of riding with the convenience of electric assistance for longer cruises. As a result, pedal assistance leads the mode segment.

The Mountain/Trekking Bikes Market Holds the Largest Share of the Market.

Based on application, the market is segmented into mountain/trekking bikes, city/urban, cargo, and others. The mountain/trekking bikes market is expected to grow at a significant CAGR during the forecast period. As customers are becoming more interested in trekking and recreational activities, demand for mountain/trekking e-bikes is expanding. There is a rise in demand for mountain/trekking e-bikes as people become more interested in performance-based adventure activities.

APAC has a significant share of the market in 2024.

Asia Pacific is expected to be the largest market. The Asia-Pacific e-bike market is dominated by China, which is the region’s largest manufacturer and exporter of e-bikes. E-bikes are increasingly being purchased throughout the region for cost-effective and environmentally friendly commuting for short distances, such as commuting to work or the office. In this region, India, Japan, and South Korea are potential markets owing to the increasing e-bike sales in these countries.

China Dominates the APAC E-Bike Market

China is in a dominant position in both the production and consumption of e-bikes all over the world. Due to the government policies that encourage electric mobility and the banning of fuel-powered two-wheelers in cities, e-bikes have become the go-to means of transport for millions. The subject’s inexpensive labor and extensive manufacturing structure also help the domestic brands to dominate the export market and provide additional evidence of China’s prominence in the e-bike supply chain.

E-Bike Market Industry Competitive Landscape  

The E-Bike Market is competitive, with several global and international players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions.

Top E-Bike Market Companies

Some of the major players operating in the market are Yamaha Motor Corporation; Specialized Bicycle Components, Inc.; Accell Group (KKR & Co. Inc.); Giant Manufacturing Co., Ltd.; Derby Cycle (Pon Holdings); Jiangsu Xinri E-Vehicle Co., Ltd.; Karbon Kinetics Ltd; Trek Bicycle Corporation; Merida Industry Co.; and Riese & Muller.

Recent Developments in the E-Bike Market

• In November 2023, Giant Group introduced its first throttle-enabled electric bike, the Cito E+. The new model would be released under the company’s Momentum sub-brand of more affordable bikes designed for street, utility, and commuter use. The new Momentum Cito E+ comes with a glovebox.

• In March 2023, Bharat Forge Limited, through its E-Mobility subsidiary, Kalyani Powertrain Limited, inaugurated its first e-bike factory in March at MIDC Chakan. The factory's production capacity is 60,000 units per year, which can be increased to 100,000. Unit per year. The plant mainly focuses on assembling electric bicycles for Tork Motors Private Limited, which is 64% owned by Kalyani Powertrain Limited.

E-Bike Market Report Coverage

Reasons to Buy the E-Bike Market Report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

• The report presents a quick review of overall industry performance at a glance.

• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.

• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

• The study comprehensively covers the market across different segments.

• Deep dive regional-level analysis of the industry.

Customization Options:

The global E-Bike Market can be customized further as per the requirements or any other market segment. Besides this, UnivDatos understands that you may have your own business needs; hence, feel free to contact us to get a report that completely suits your requirements.