North America E-Bike Market Forecast to 2030 - Regional Analysis - by Battery Type, Motor Type, Class, and Mode

List of Tables

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.

Growth of Outdoor Sports and Adventurous Activities Fuels the North America E-Bike Market

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.

North America E-Bike Market Overview

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. 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. These are the crucial steps taken by the US government to fight climate change and offer a low-carbon, environment-friendly transportation solution.

Rising the Biking Riding Population in the U.S. with Increase in the Consumers Spending on the Recreational Activities Drives the Market Growth.

North America E-Bike Market Revenue and Forecast to 2030 (US$ Million)

North America E-Bike Market Segmentation

The North America e-bike market is segmented based on battery type, motor type, class, mode, and country.

Based on battery type, the North America e-bike market is segmented into lithium-ion, lithium-ion polymer, lead acid, and nickel metal hydride. The lithium-ion segment held the largest North America e-bike market share in 2022.

In terms of motor type, the North America e-bike market is bifurcated into mid motor and hub motor. The mid motor segment held a larger North America e-bike market share in 2022.

Based on class, the North America e-bike market is segmented into class-I, class-II, and class-III. The class-I segment held the largest North America e-bike market share in 2022.

By mode, the North America e-bike market is bifurcated into pedal assist mode and throttle mode. The pedal assist mode segment held a larger North America e-bike market share in 2022.

Based on country, the North America e-bike market is categorized into the US, Canada, and Mexico. The US dominated the North America e-bike market in 2022.

Haibike, Aventon Bikes, Giant Manufacturing Co Ltd, Merida Industry Co Ltd, Pedego Electric Bikes, Robert Bosch GmbH, Specialized Bicycle Components Inc, Shimano Inc, Trek Bicycle Corp, and Yamaha Motor Co Ltd are some of the leading companies operating in the North America e-bike market.

Product Code: BMIRE00029850

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. North America E-Bike Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of E-Bike Suppliers

5. North America E-Bike Market - Key Industry Dynamics

5.1 North America E-Bike Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 Growth of Outdoor Sports and Adventurous Activities
- 5.2.2 Government Support to Lower Carbon Emissions Transportation
- 5.2.3 Increasing Prices of Fuel and Rising Adoption of Environment-Friendly Transportation
5.3 Market Restraints
- 5.3.1 High Cost of E-Bikes and Requirement of Huge Capital Investments in Their Manufacturing
5.4 Market Opportunities
- 5.4.1 Rising Adoption of Connected E-Bikes Among Business and Government Sectors
5.5 Future Trends
- 5.5.1 Development of E-Bikes Using Lightweight Material and Advanced Smart Systems
5.6 Impact of Drivers and Restraints:

6. E-Bike Market - North America Market Analysis

6.1 North America E-Bike Market Revenue (US$ Million), 2022 - 2030
6.2 North America E-Bike Market Forecast and Analysis

7. North America E-Bike Market Analysis - Battery Type

7.1 Lithium-Ion
- 7.1.1 Overview
- 7.1.2 Lithium-Ion: North America E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Lithium-Ion Polymer
- 7.2.1 Overview
- 7.2.2 Lithium-Ion Polymer: North America E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Lead Acid
- 7.3.1 Overview
- 7.3.2 Lead Acid: North America E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Nickel Metal Hydride
- 7.4.1 Overview
- 7.4.2 Nickel Metal Hydride: North America E-Bike Market, Revenue and Forecast to 2030 (US$ Million)

8. North America E-Bike Market Analysis - Motor Type

8.1 Mid Motor
- 8.1.1 Overview
- 8.1.2 Mid Motor: North America E-Bike Market, Revenue, and Forecast to 2030 (US$ Million)
8.2 Hub Motor
- 8.2.1 Overview
- 8.2.2 Hub Motor: North America E-Bike Market Revenue, and Forecast to 2030 (US$ Million)

9. North America E-Bike Market Analysis - Class

9.1 Class I
- 9.1.1 Overview
- 9.1.2 Class I: North America E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Class II
- 9.2.1 Overview
- 9.2.2 Class II : North America E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Class III
- 9.3.1 Overview
- 9.3.2 Class III : North America E-Bike Market Revenue, and Forecast to 2030 (US$ Million)

10. North America E-Bike Market Analysis - Mode

10.1 Pedal Assisted Mode
- 10.1.1 Overview
- 10.1.2 Pedal Assisted Mode: North America E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Throttle Mode
- 10.2.1 Overview
- 10.2.2 Throttle Mode: North America E-Bike Market Revenue, and Forecast to 2030 (US$ Million)

11. North America E-Bike Market - Country Analysis

11.1 North America
- 11.1.1 North America E-Bike Market Overview
- 11.1.2 North America E-Bike Market Revenue and Forecasts and Analysis - By Country
  - 11.1.2.1 North America E-Bike Market Revenue and Forecasts and Analysis - By Country
  - 11.1.2.2 US E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.2.2.1 US E-Bike Market Breakdown by Battery Type
    - 11.1.2.2.2 US E-Bike Market Breakdown by Motor Type
    - 11.1.2.2.3 US E-Bike Market Breakdown by Class
    - 11.1.2.2.4 US E-Bike Market Breakdown by Mode
  - 11.1.2.3 Canada E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.2.3.1 Canada E-Bike Market Breakdown by Battery Type
    - 11.1.2.3.2 Canada E-Bike Market Breakdown by Motor Type
    - 11.1.2.3.3 Canada E-Bike Market Breakdown by Class
    - 11.1.2.3.4 Canada E-Bike Market Breakdown by Mode
  - 11.1.2.4 Mexico E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.2.4.1 Mexico E-Bike Market Breakdown by Battery Type
    - 11.1.2.4.2 Mexico E-Bike Market Breakdown by Motor Type
    - 11.1.2.4.3 Mexico E-Bike Market Breakdown by Class
    - 11.1.2.4.4 Mexico E-Bike Market Breakdown by Mode

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. Company Profiles

13.1 Haibike
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Aventon Bikes
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Giant Manufacturing Co Ltd
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Merida Industry Co., Ltd.
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Pedego Electric Bikes
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Robert Bosch GmbH
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Specialized Bicycle Components, Inc.
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Shimano Inc
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Trek Bicycle Corp
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Yamaha Motor Co Ltd
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index