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Canada E-bike Market Size

The Canada E-bike Market is experiencing significant growth, with its market size projected to expand substantially over the forecast period. E-bikes are gaining traction as a viable transportation option in urban areas across Canada, supported by government initiatives and subsidies that encourage their adoption. The absence of a formal classification system for electric bikes in Canada, coupled with regulations allowing pedal-assisted and throttle-assisted functions, facilitates this growth. Cities like Vancouver are at the forefront, with extensive retail options and infrastructure developments aimed at integrating e-bikes into the transportation ecosystem. As government investments in cycling infrastructure and eco-friendly transportation options increase, the market size for e-bikes in Canada is expected to grow, positioning them as a leading sustainable transportation mode in the future.

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Market Size of canada e-bike Industry

Canada E-bike Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 33.76 Million
svg icon Market Size (2029) USD 86.27 Million
svg icon Largest Share by Propulsion Type Pedal Assisted
svg icon CAGR (2024 - 2029) 20.64 %
svg icon Fastest Growing by Propulsion Type Speed Pedelec
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Canada E-bike Market Analysis

The Canada E-bike Market size is estimated at 33.76 million USD in 2024, and is expected to reach 86.27 million USD by 2029, growing at a CAGR of 20.64% during the forecast period (2024-2029).

33.76 Million

Market Size in 2024 (USD)

86.27 Million

Market Size in 2029 (USD)

11.49 %

CAGR (2017-2023)

20.64 %

CAGR (2024-2029)

Largest Segment by Propulsion Type

80.10 %

value share, Pedal Assisted, 2023

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The market was dominated by the pedal-assisted e-bike segment mainly due to the fact that pedal-assisted e-bikes do not require registration and licensing and face lesser regulations than other categories.

Largest Segment by Application Type

75.84 %

value share, City/Urban, 2023

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The demand for city/urban e-bikes has grown significantly in the historical period due to the growing cycling infrastructure across the country. Increased bike-sharing programs and bike rental services have supported the demand for city/urban e-bikes.

Largest Segment by Battery Type

86.25 %

value share, Lithium-ion Battery, 2023

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Li-ion batteries have a higher density than sealed lead-acid batteries, making them lighter and more efficient. Over the past few years, the prices of lithium-ion batteries have seen a significant decline, making them an ideal choice as e-bike batteries.

Fastest-growing Segment by Propulsion Type

5.96 %

Projected CAGR, Speed Pedelec, 2024-2029

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The increased consumer preference for superior comfort, safety, power, and larger load capacity is expected to benefit the speed pedelec segment during the forecast period.

Leading Market Player

12.08 %

market share, Trek Bicycle Corporation, 2022

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Trek Bicycle Corporation dominates the Canadian e-bike market. The company offers a diverse product line that appeals to a wide spectrum of consumers and has a strong dealer network across the country.

PROPULSION SEGMENT MARKET OVERVIEW

  • In Canada, there is no classification system for electric bikes. However, e-bikes in Canada cannot exceed 500 W or 32 kmph. E-bikes with pedal-assisted and throttle-assisted functions are legal in Canada. For example, in June 2021, the Transportation and Environment Ministry of Canada awarded USD 200,000 to fund the City of Vancouver's pilot project to build an e-bike micro hub. Trucks will transfer packages to the hub, where they will be transported by cargo e-bikes to their final destination.
  • E-bikes are being recognized as a new mode of transportation in cities across Canada, including Toronto and British Columbia. British Columbia provides an e-bike subsidy, potentially creating a market opportunity. Vancouver offers one of the most extensive e-bike retail outlets in British Columbia. The North Vancouver District develops comprehensive regulations for e-bike charging infrastructure.
  • Rising government spending on bike-sharing programs, bike lanes, and more pedestrian-friendly streets is expected to increase consumer interest in e-bikes in the coming years as part of the government's broader efforts to promote transportation options, improve road safety, and better the environment. Electric bicycles, for example, are listed as one of the emerging forms of transportation in Vancouver's Transportation 2040 plan. E-bikes may eventually become the most eco-friendly mode of transportation in Canada in the future.
Canada E-bike Market

Canada E-bike Industry Segmentation

Pedal Assisted, Speed Pedelec, Throttle Assisted are covered as segments by Propulsion Type. Cargo/Utility, City/Urban, Trekking are covered as segments by Application Type. Lead Acid Battery, Lithium-ion Battery, Others are covered as segments by Battery Type.

  • In Canada, there is no classification system for electric bikes. However, e-bikes in Canada cannot exceed 500 W or 32 kmph. E-bikes with pedal-assisted and throttle-assisted functions are legal in Canada. For example, in June 2021, the Transportation and Environment Ministry of Canada awarded USD 200,000 to fund the City of Vancouver's pilot project to build an e-bike micro hub. Trucks will transfer packages to the hub, where they will be transported by cargo e-bikes to their final destination.
  • E-bikes are being recognized as a new mode of transportation in cities across Canada, including Toronto and British Columbia. British Columbia provides an e-bike subsidy, potentially creating a market opportunity. Vancouver offers one of the most extensive e-bike retail outlets in British Columbia. The North Vancouver District develops comprehensive regulations for e-bike charging infrastructure.
  • Rising government spending on bike-sharing programs, bike lanes, and more pedestrian-friendly streets is expected to increase consumer interest in e-bikes in the coming years as part of the government's broader efforts to promote transportation options, improve road safety, and better the environment. Electric bicycles, for example, are listed as one of the emerging forms of transportation in Vancouver's Transportation 2040 plan. E-bikes may eventually become the most eco-friendly mode of transportation in Canada in the future.
Propulsion Type
Pedal Assisted
Speed Pedelec
Throttle Assisted
Application Type
Cargo/Utility
City/Urban
Trekking
Battery Type
Lead Acid Battery
Lithium-ion Battery
Others
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Canada E-bike Market Size Summary

The Canada e-bike market is experiencing significant growth, driven by increasing consumer interest in eco-friendly and efficient transportation options. E-bikes are gaining recognition as a viable mode of transport in urban areas such as Toronto and British Columbia, supported by government initiatives like subsidies and infrastructure development. The absence of a formal classification system for e-bikes in Canada, along with regulations permitting pedal-assisted and throttle-assisted functions, has facilitated their adoption. The government's investment in bike-sharing programs and pedestrian-friendly infrastructure is expected to further boost the market, aligning with broader goals of enhancing road safety and environmental sustainability. The COVID-19 pandemic has also played a crucial role in accelerating e-bike adoption, as individuals sought alternatives to public transportation, leading to a rise in personal vehicle usage, including e-bikes.

The market is characterized by a fragmented landscape, with major players like Cannondale Bicycle Corporation, Giant Manufacturing Co., Pedego Electric Bikes, Trek Bicycle Corporation, and Yamaha Bicycles holding significant shares. These companies are actively expanding their offerings and entering new segments, such as urban e-mobility, to capture a larger market share. The growing awareness of the benefits of e-bikes, including cost efficiency, ease of use, and environmental advantages, is changing consumer attitudes and driving demand. As more Canadians embrace cycling for commuting, particularly within the 5-15 km range, the e-bike market is poised for continued expansion. The introduction of advanced e-bike features and higher battery ranges is further encouraging this trend, suggesting a promising outlook for the market in the coming years.

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Canada E-bike Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Propulsion Type

      1. 1.1.1 Pedal Assisted

      2. 1.1.2 Speed Pedelec

      3. 1.1.3 Throttle Assisted

    2. 1.2 Application Type

      1. 1.2.1 Cargo/Utility

      2. 1.2.2 City/Urban

      3. 1.2.3 Trekking

    3. 1.3 Battery Type

      1. 1.3.1 Lead Acid Battery

      2. 1.3.2 Lithium-ion Battery

      3. 1.3.3 Others

Canada E-bike Market Size FAQs

The Canada E-bike Market size is expected to reach USD 33.76 million in 2024 and grow at a CAGR of 20.64% to reach USD 86.27 million by 2029.

In 2024, the Canada E-bike Market size is expected to reach USD 33.76 million.

Canada E-bike Market Report Snapshots

Canada E-bike Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029