E-bike Market Size, Share, and Growth Forecast for 2025 - 2032

E-bike Market Size and Trends

The global e-bike market is estimated to reach a size of US$ 50.6 Bn in 2025. It is predicted to rise at a CAGR of 10.2% through the assessment period to attain a value of US$ 99.9 Bn by 2032.

Consumers are considering electric bikes or e-bikes as the perfect alternative to scooters, personal vehicles, and public transport due to their compactness and ability to cover longer distances on a single charge. These bikes also offer good user experience with additional benefits, such as the non-requirement of driving licenses, insurance, inspections, and parking permits.

Demand for e-bikes is further set to flourish due to rising government norms revolving around environmental sustainability. Similarly, surging fuel prices due to geopolitical conflicts and rising taxes are anticipated to boost sales of e-bikes, especially in Europe and North America.

• The imposition of tariffs by the U.S. on oil imports from Canada and Mexico is anticipated to raise gasoline prices by around 10 cents per gallon, with certain regions potentially experiencing increases up to 25 cents.
• Europe's high demand for Liquefied Natural Gas (LNG) has led to a significant uptick in U.S. LNG exports to the continent, with 86% of U.S. LNG exports in January 2025 directed to Europe.

Key Highlights of the E-bike Market

• By type, in 2025, pedal-assisted e-bikes are set to hold a share of 34.1% amid their ability to make exercise enjoyable.
• Based on mode of operation, cargo e-bikes are likely to hold a share of 27.7% in 2025 owing to increasing demand from warehouses to deliver products.
•  Over 200 cities in China have banned petrol-powered motorcycles, accelerating e-bike adoption as a primary urban transport alternative.
• Companies like Gogoro are revolutionizing e-bike infrastructure with battery-swapping networks, cutting downtime and increasing convenience.
• Alpine regions are investing in e-bike rental networks to attract eco-conscious tourists and reduce emissions from car-based travel.

Global Market Attributes	Key Insights
E-bike Market Size (2025E)	US$ 50.6 Bn
Market Value Forecast (2032F)	US$ 99.9 Bn
Projected Growth (CAGR 2025 to 2032)	10.2%
Historical Market Growth (CAGR 2019 to 2024)	9.9%

Historical Growth and Course Ahead

Investments in E-bike Charging Infrastructure Surged from 2019 to 2024 Amid Environmental Awareness

The global e-bike market recorded a CAGR of 9.9% in the historical period from 2019 to 2024. Rising technological developments and surging awareness of environmental issues augmented growth in the market during the historical period. For example,

• European cities like Paris and London implemented low-emission zones, encouraging e-bike adoption.
• France and Canada offered financial aid programs to encourage e-bike purchases as part of their green transition plans.

North America and Europe quickly made progress. Innovations in battery technology, longer ranges, and improved charging infrastructure also boosted adoption. For instance,

• The U.S. Department of Energy has been allocating funds to enhance the country’s EV charging capabilities, which may indirectly benefit e-bike users.

Focus on Reducing Carbon Emissions to Surge Globally from 2025 to 2032

The connected e-bikes industry is anticipated to witness a CAGR of 10.2% through 2032. Growth is fueled by a desire for sustainable transport options and progress in battery innovations. E-bikes provide advantages like decreased carbon emissions, reduced operating expenses, and enhanced health benefits. The global market is on the rise, with increasing acceptance among diverse demographic groups. For example,

• Research indicates that if e-bikes were used to replace car travel, they could cut CO2 emissions in England by up to 50%, equating to around 30 million tons per year.

Government regulations are set to compel the adoption of e-bikes. Countries are likely to provide subsidies and incentives. Innovations in technology are estimated to bring better performance and longer battery life. For example,

• Renowned two-wheeler manufacturer, Yamaha, introduced new e-bikes, Wabash RT Gravel Adventure Model and CrossCore RC Fitness Commuter, in the U.S. Both the models are equipped with 500-watt-hour lithium-ion batteries with speed support of 28 mph, and these have class-3 pedal-assist features.

Market Dynamics

Growth Drivers

Association of E-bikes with Enhanced Wellbeing to Spur Adoption Worldwide

E-bikes are not just environmentally friendly, they also offer substantial health benefits. For individuals with physical health challenges, e-bikes provide an accessible means of exercise and recreation.

Conditions that once restricted cycling, are now manageable with the assistance of e-bike motors. Research indicates that cycling enhances blood circulation to the brain, potentially reducing the risk of developing conditions like dementia in later life.

• The University of Reading and Oxford Brookes University found that older adults who ride electric bikes have improved brain function and well-being compared to those who ride standard bicycles and non-riders.
• The study involved 100 adults aged 50 to 83 and found that e-bike riders showed novel processing speed and improved well-being. They also experienced a newfound sense of freedom and confidence in cycling, demonstrating the benefits of e-bikes.

Consumers are focusing more on health and wellness. Hence, e-bikes can be marketed as low-impact alternatives to the traditional cycling experience. Also, by promoting physical activity, e-bikes contribute to improved cardiovascular health and well-being.

Market Restraining Factors

Ban on Private E-bike Sales due to Fire Safety Concerns May Hinder Demand

Regulatory and safety concerns pose significant restraints on the electric bike market size, as governments and organizations implement stringent measures to address fire hazards and quality standards. For instance,

• In October 2024, eBay banned private sales of e-bikes and their batteries in the U.K. due to fire safety concerns. Only official sellers certified with CE mark safety standards are now allowed to list these products.

Similar moves aim to mitigate risks associated with substandard batteries and chargers, reflecting broader regulatory efforts worldwide. These restrictions can limit market accessibility, increase compliance costs, and slow down throttle-controlled bike adoption among consumers.

Key Market Opportunities

Companies to Launch Battery Recycling Programs to Enhance Environmental Sustainability

The sustainability of battery-powered bikes presents a significant opportunity for market growth as consumers and governments prioritize eco-friendly transportation solutions. E-bikes produce zero tailpipe emissions, reduce traffic congestion, and offer an energy-efficient alternative to conventional vehicles. With increasing investments in renewable energy and carbon reduction goals, e-bikes align with global sustainability initiatives. For instance,

• A study found that e-bike trips replaced an average of 9.3 miles per trip of car travel in Portland, indicating a potential reduction in vehicle miles traveled and associated congestion.
• The Capital Bikeshare program contributed to a 2% to 3% reduction in traffic congestion within the evaluated neighborhood, demonstrating the impact of bike-sharing systems on easing traffic flow.

Several governments offer incentives, such as subsidies and tax benefits, to promote e-bike adoption. Additionally, developments in battery technology and recycling programs enhance their environmental benefits. As urban mobility shifts toward greener alternatives, demand for e-mobility bikes is anticipated to rise, augmenting innovation and market growth. For example,

A notable recent initiative in e-bike battery recycling is the industry-wide program launched in the U.S., powered by Call2Recycle and endorsed by PeopleForBikes. Since its inception, the program has collected and recycled around 85,000 pounds of e-bike batteries, demonstrating the industry's commitment to environmental stewardship.

E-bike Market Insights and Trends

Type Insights

Pedal-assisted E-bikes Gain Momentum with Ability to Improve Physical Fitness

In 2025, pedal-assisted e-bikes will likely account for 34.1% of the global e-bike market share. These are mainly used in urban setups as these can be easily navigated in traffic. Pedal-assisted e-bikes enable riders to cycle more frequently, making exercise enjoyable and easier. For example,

• Around 79.35% of e-bikes globally are pedal-assisted models, allowing users to cycle faster with less physical effort.

In these e-bikes, the motor is only to ease the peddling while human strength remains the main source that operates the e-bike. This helps improve cardiovascular health, build muscles, and increase endurance. Hence, pedal-assisted e-bikes are a popular option to boost physical fitness and wellness. According to Persistence Market Research (PMR), the pedal assisted e-bikes market is set to witness significant growth owing to its low price and more health benefits.

Mode of Operation Insights

Cargo E-bikes to be Highly Preferred due to Demand from Last Mile Delivery Companies

In 2025, the cargo e-bike segment is predicted to lead the e-bike market, accounting for 27.7% of the total share. Rise in e-commerce activities has spurred a need for efficient and green mobility in last-mile delivery solutions.

Cargo e-bikes are designed to carry luggage and goods with ease of traveling without the use of conventional fuels. These bikes are suitable for last-mile delivery services such as food delivery, grocery delivery, e-commerce deliveries, and postal deliveries. These e-cargo bikes can handle a weight of more than 200 kg, simultaneously reducing the carbon footprint during the delivery. For instance,

• Douze Cycles, a France-based business, launched a cargo bike series consisting of four models, three of which incorporate electric help. The range of bikes boasts an outstanding hauling capacity of up to 205 kg.

Regional Insights and Trends

Europe to Witness Emergence of Subsidies and Packages to Lower Prices of E-bikes

Globally, Europe is projected to lead the demand for e-bikes, accounting for around 37.6% of the total market share in 2025. Growth is attributed to its strong support from governments followed by the rising popularity of e-bikes for mountain trekking activities. Countries like France, Spain, and Portugal have announced subsidies and packages to bring down the prices of e-bikes in their countries. For instance,

• The French Government is providing a subsidy of Euro 400 till 2027 to buy bicycles including e-bikes. The country is also willing to provide a bonus on the purchase of e-bikes by selling old gasoline and diesel cars.
• In a similar package, the government of Spain has announced a Euro 40 Mn boost to urban mobility, particularly for e-bikes and public bike-sharing systems.

Companies in North America to Upgrade Existing Models with Sensors to Attract Customers

North America is anticipated to hold a 22.4% market share in 2025. New features such as longer battery life, sensors, and navigation displays have increased electric cargo bikes demand in the region. Manufacturers can incorporate these features in their existing models to differentiate their products, attract new customers, and augment market growth. For example,

• Bosch announced innovations in e-bikes such as Navigation, Nylon onboard computer, and Battery lock, which enhance e-bike performance and technology. It is focusing on delivering powerful, efficient, and secure driving experience.
• Aventon recently launched its Level 2 e-bicycles with enhanced features such as a fully integrated battery, four lights for safety, preinstalled fenders, a rear rack, torque sensors, a backlit LCD, and a powerful 5000W rear hub motor.

North America is anticipated to witness a healthy CAGR of 10.6% from 2025 to 2032. Developments in motor design and integration enable firms in the region to deliver smooth rides and responsive assistance, enhancing electric-powered bike performance and comfort for users.

Ban on Motorcycle Use in Urban Areas to Reduce Pollution across Asia Pacific Boosts Demand

Asia Pacific e-bike market is set to witness steady growth due to rising urban planning activities in India and China. For instance,

• In China, government policies have restricted motorcycle usage in urban areas to reduce traffic congestion and pollution. This has led to a significant increase in e-bike sales as an alternative mode of transportation.
• In the province of Henan, several cities completely banned e-bikes in April 2023. While e-bikes are heavily regulated, electric wheelchairs have become a popular unregulated alternative among the youth.

E-bike Market Competitive Landscape

Key players in the global e-bike market are implementing strategies to maintain and enhance their positions in the competitive landscape. With innovation being a leading factor, several companies are continuously developing new graphene batteries, which enable lightweight vehicles, fast charging time, and higher-capacity batteries.

To access a large consumer base and improve their supply chain and logistics operations, businesses are giving priority to efficient distribution channels and global growth. It is especially evident in emerging areas where there is a high demand for e-bikes.

Recent Industry Developments

• In November 2024, Rad Power Bikes entered the European market, which opened new distribution channels for the company in key markets such as Germany, France, and the U.K. This was done to boost market presence in Europe as demand for e-bikes is on the rise.
• In October 2024, Trek Bicycle Corporation launched new electric mountain bike models. These are equipped with Bosch motor systems and high-tech suspension. The company is responding to the rising interest in off-road electric bikes, promising better performance for both recreational and professional mountain bikers.
• In April 2024, Pedego introduced its latest Fat Tire Trike e-bike, a low-step frame design with three tires for more stability and comfort. The model is equipped with PEDALSENSE propulsion software. Riders can choose one of the various assistance options that the software offers, such as torque assist, throttle drive, and cruise assist.

E-bike Market Report Scope

Report Attributes	Details
Historical Data/Actuals	2019 to 2024
Forecast Period	2025 to 2032
Market Analysis Units	Value: US$ Bn/Mn, Volume: As applicable
Geographical Coverage	North America Europe East Asia South Asia and Oceania Middle East and Africa Latin America
Segmental Coverage	Type Battery Type Motor Type End User Region
Competitive Analysis	Robert Bosch GmbH Accell Group N.V Giant Manufacturing Co. Ltd. Derby Cycle Holding GmbH Jiangsu Xinri E-Vehicle Co. Ltd. Panasonic Corp Bionx International Corporation Mahindra & Mahindra Ltd. Samsung SDI Co. Ltd. Prodeco Technologies LLC
Report Highlights	Market Forecast and Trends Company Share Analysis Competitive Intelligence DROT Analysis Market Dynamics and Challenges Strategic Growth Initiatives
Customization and Pricing	Available upon request

E-bike Market Segmentation

By Type

• Pedal-assisted E-bikes
• Throttle-assisted E-bikes

By Battery Type

• Lithium-ion Batteries
• Nickel Metal Hydride Batteries
• Others 

By Motor Type

• Hub Motor
• Mid-drive Motor 

By Mode of Operation

• City/Urban E-bikes
• Mountain E-bikes
• Trekking/Touring E-bikes
• Cargo E-bikes
• Others (Cruiser)

By Region

• North America
• Europe
• East Asia
• South Asia and Oceania
• Latin America
• Middle East and Africa

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