Global E-Bike Market Size, Share, Analysis & Forecast - 2026

The E-Bike Market is projected to reach $79.7 billion by 2026 from $47.0 billion in 2021, at a CAGR of 11.1%.

The e-Bike market growth is driven by increasing traffic congestion, growing interest in cycling as a fitness and recreational activity, and the inclination of consumers toward an eco-friendly solution for commuting. The Asia Pacific leads the global e-bike market, followed by Europe and North America. Due to increasing traffic, people in the Asia Pacific region mostly prefer city/urban e-bikes for commuting. However, in Europe, mountain e-bikes are popular due to the growing interest of consumers in mountain//trekking activities. In North America, there is a growing demand for city/urban e-bikes for a daily commute, recreation, and fitness activities.

Market Growth Drivers:

1. The positive impact of COVID-19 on e-bike sales globally
2. Government support & initiatives to increase the sale of e-bikes
3. The growing popularity of e-MTB

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OPPORTUNITY: Trend towards connected e-bikes

With the growing demand for e-bikes, there are technological advancements in the field of e-bikes. The connected e-bike is one such advancement, wherein the SIM module enables the e-bike to send and receive data to and from the cloud without a connected smartphone. Some of the important features offered by the connected e-bike include automatic emergency calls, integrated navigation, social media connection, anti-theft system, and remote diagnostics. Bosch is one of the major players in the e-bike market, offering connected electric bike solutions. For example, Smartphone Hub by Bosch can connect e-bikes to a smartphone and support the riders before and after their journey. The Lock premium function by Bosch also transforms the Kiox connected onboard computer into the key for greater security. Nyon from Bosch determines the pedalling force and frequency during the journey and uses this information to calculate the cyclist's performance and energy consumption. On platforms such as komoot, which is integrated into the COBI.Bike app, millions of users can exchange information with each other and discover new routes with recommendations and tips from the community.

Top 10 Players:

Accell Group N.V., Giant Manufacturing Co. Ltd., Pon. Bike, Yamaha Motor Company, Merida Industry Co. Ltd., Specialized Bicycle Components, Inc, Pedego Electric Bikes, Yadea Group Holdings Ltd., Trek Bicycle Corporation, Koito Manufacturing Co., Ltd.

Additional Regional Players:

Hero Lectro E-Cycles, Fuji-ta Bicycle Co., Ltd., Rad Power Bikes Llc, Vanmoof, BH Bikes, Brompton Bicycle Ltd., Riese & Müller Gmbh, Stormer, Cowboy.

COVID-19 IMPACT ON ELECTRIC BIKE MARKET

The e-bike industry is amongst the few industries witnessing growth despite the COVID-19 pandemic. The impact of COVID-19 on the ebike market resulted in an increase in global e-bike sales during the lockdown period. Even after the lifting of lockdowns, people are still cautious and wish to avoid public transportation and mobility sharing for commuting. The e-bike is considered to be an easy, cheap, and safer way to commute during the pandemic. COVID-19 is estimated to have a positive impact on e-bike sales in 2020. Also, if vaccines are not introduced till the first quarter of 2021, then a boost in e-bike sales will be observed in 2021. However, post-2021, the demand for e-bikes is expected to normalize owing to vaccination and government initiatives toward safer transportation.

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Top Segments :

Electric Bike Market By Class-

CLASS-I
CLASS-II
CLASS-III

Electric Bike Market, By Speed-

Up to 25 km/h
25-45 km/h

Electric Market, By Battery Type-

Lithium-Ion
Lithium-Ion Polymer
Lead Acid
Others

Electric Bike Market, By Motor Type-

Hub
Mid

Electric Bike Market, By Mode-

Pedal Assist
Throttle

Electric Bike Market, By Components-

Batteries
Electric Motors
Frame With Fork
Wheels
Crank Gears
Brake Systems
Others

Electric Bike Market, By Usage-

Mountain/Trekking
City/Urban
Cargo
Others

Electric Bike Market, By Ownership-

Shared
Personal

Electric Bike Market, By Region (By Class)-

Asia Pacific
Europe
North America

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