North America E-Bike Market Market Size, Share & Global Insights 2022-2030

The North America e-bike market was valued at US$ 1,632.29 million in 2022 and is expected to reach US$ 7,050.29 million by 2030; it is estimated to grow at a CAGR of 20.1% from 2022 to 2030.

The outdoor sports industry has shown significant growth post-COVID-19 pandemic. Consumers are becoming health conscious and focus on healthcare activities to remain fit and healthy. They spend on outdoor activities such as trekking, cycling, etc. Cycling helps strengthen the immune system, lose weight, and build muscles. According to the US Bureau of Economy-Analysis (BEA) in 2021, the spending on outdoor recreational activities is valued at around US$ 454.0 billion which represents 1.9% of the US GDP. Outdoor recreation activity participants reached around 168 million in 2022, 55.0% of the US population. Out of these participants, 54 million were engaged in biking. Also, as per the US Bureau of Economy 2020 report, Americans have spent around US$ 6.9 billion on bicycles.

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Post-COVID-19 pandemic, the e-bike penetration increased by around 81% from 0.45 million to 1.1 million units owing to growing consumer spending on outdoor and recreational activities. Trekking and mountain biking are also gaining popularity in the US and Canada. Also, the government supports opting for environment-friendly transportation. The US Democrats passed the bill with around US$ 1.75 trillion in funding as the Build Back Better Act for society safety. The bill passed by the House of Representatives offers a 30% fully refundable tax credit on the purchases of certain e-bikes.

MARKET INTRODUCTION

Growing urbanization, rising investments in cycling track development, and increasing consumer awareness regarding environmentally friendly transportation drive the e-bike market growth. Governments of several countries announce ample investments and subsidies for the adoption of e-bikes. The e-bikes market in North America is expected to report the highest CAGR during the forecast period due to rising consumer awareness regarding health-conscious activities post-COVID-19 pandemic. Post COVID-19 pandemic, the consumers were willing to spend on the outdoor activities such as bike riding, travelling and swimming for living healthy and fit life. Post pandemic, as per the Wall Street Journal, US e-bike sales reached around 1.1 million units in 2021, increased by 25.0% compared to last year.

List of Companies Profiled in the North America E-Bike Markets Report are:
• Aventon Bikes
• Giant Manufacturing Co Ltd
• Haibike
• Merida Industry Co., Ltd.
• Pedego Electric Bikes
• Robert Bosch GmbH
• Shimano Inc
• Specialized Bicycle Components, Inc.
• Trek Bicycle Corp
• Yamaha Motor Co Ltd

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Key Segmentation:

Strategic insights for the North America E-Bike provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Table of Contents

Based on material, the North America E-Bike Market is segmented into FRP/composites, metal/alloys, and others. The metal/alloys segment held the largest share of the Active network management Market in 2023.
Based on size, the North America E-Bike Market is segmented into 75-120 feet, 121-250 feet, and Above 250 feet. The 121-250 feet segment held the largest share of the Active network Management Market in 2023.
Based on country, the North America E-Bike Market segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the share of the Active network management Market in 2023.

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