Market Size of united states e-bike Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 3.41 Billion |
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Market Size (2029) | USD 7.49 Billion |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 17.03 % |
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Fastest Growing by Propulsion Type | Speed Pedelec |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
United States E-bike Market Analysis
The United States E-bike Market size is estimated at 3.41 billion USD in 2024, and is expected to reach 7.49 billion USD by 2029, growing at a CAGR of 17.03% during the forecast period (2024-2029).
3.41 Billion
Market Size in 2024 (USD)
7.49 Billion
Market Size in 2029 (USD)
26.47 %
CAGR (2017-2023)
17.03 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
79.56 %
value share, Pedal Assisted, 2023
The advantages of pedal-assisted e-bikes, such as affordability, better battery life, lower servicing needs, and the ability of users to choose from the three to five modes of pedal assist, are anticipated to lead the growth of this category.
Largest Segment by Application Type
81.98 %
value share, City/Urban, 2023
With the increasing number of consumers and the rising awareness about the benefits of e-bikes, like faster commuting in traffic-congested areas and easier parking, the demand for e-bikes has risen in recent years.
Largest Segment by Battery Type
91.25 %
value share, Lithium-ion Battery, 2023
The Li-ion battery segment held the major share in the market owing to lesser weight and higher energy density features, which provide riders with more range per charge than other types of batteries.
Fastest-growing Segment by Propulsion Type
19.90 %
Projected CAGR, Speed Pedelec, 2024-2029
Government support in the form of incentives and subsidies, coupled with the falling Li-ion battery prices, is boosting the growth of the segment. The COVID-19 pandemic led to the demand for personal mobility, which is also supporting the growth.
Leading Market Player
6.92 %
market share, Trek Bicycle Corporation, 2022
Trek is the market leader in the US e-bike market. Headquartered in Waterloo, Trek has over 150 stores in the United States and offers a variety of bikes under the brand names Trek, Electra, and Bontrager.
Propulsion segment market overview
- The electric vehicle industry is steadily changing the automotive industry's landscape with the introduction of more effective and potent electric automobiles every year. Pedal-assisted and speed pedelec e-bikes are used in a wide range of industries and applications across the United States. They are seen as a cleaner and greener mode of transportation for short distances. Several e-bike producers raised funds for company expansions due to a spike in e-bike imports and sales across the country. According to the Light Electric Vehicle Association, in 2021, 7,900,00 e-bikes were imported into the country, 1.8 times more than in 2020.
- Due to the COVID-19 pandemic, pedal-assisted e-bikes have gained popularity across the country. Consumers have become more interested in their health and well-being. By 2021, 60% of trips in the United States were estimated to be less than 5 miles, which can be easily covered by an e-bike. The COVID-19 pandemic had a mixed impact on the market, with initial lockdowns and shutdowns of manufacturing units resulting in a slump in demand. However, as restrictions eased, demand for e-bikes gained significant momentum, with various dealers in the United States reporting more than a 100% increase in Y-o-Y sales.
- Increasing government investments in bike-sharing programs, bike lanes, and more pedestrian-friendly streets are likely to raise consumer interest in speed pedelec and throttle-assisted e-bikes in the future. During the forecast period, investments in city road infrastructure for e-bikes are also expected to boost the e-bike market. The current investments, funding, and initiatives are helping boost the sales of e-bikes across the country.
Understand The Key Trends Shaping This Market
United States 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.
- The electric vehicle industry is steadily changing the automotive industry's landscape with the introduction of more effective and potent electric automobiles every year. Pedal-assisted and speed pedelec e-bikes are used in a wide range of industries and applications across the United States. They are seen as a cleaner and greener mode of transportation for short distances. Several e-bike producers raised funds for company expansions due to a spike in e-bike imports and sales across the country. According to the Light Electric Vehicle Association, in 2021, 7,900,00 e-bikes were imported into the country, 1.8 times more than in 2020.
- Due to the COVID-19 pandemic, pedal-assisted e-bikes have gained popularity across the country. Consumers have become more interested in their health and well-being. By 2021, 60% of trips in the United States were estimated to be less than 5 miles, which can be easily covered by an e-bike. The COVID-19 pandemic had a mixed impact on the market, with initial lockdowns and shutdowns of manufacturing units resulting in a slump in demand. However, as restrictions eased, demand for e-bikes gained significant momentum, with various dealers in the United States reporting more than a 100% increase in Y-o-Y sales.
- Increasing government investments in bike-sharing programs, bike lanes, and more pedestrian-friendly streets are likely to raise consumer interest in speed pedelec and throttle-assisted e-bikes in the future. During the forecast period, investments in city road infrastructure for e-bikes are also expected to boost the e-bike market. The current investments, funding, and initiatives are helping boost the sales of e-bikes across the country.
| Propulsion Type | |
| Pedal Assisted | |
| Speed Pedelec | |
| Throttle Assisted |
| Application Type | |
| Cargo/Utility | |
| City/Urban | |
| Trekking |
| Battery Type | |
| Lead Acid Battery | |
| Lithium-ion Battery | |
| Others |
Need A Different Region Or Segment?
United States E-bike Market Size Summary
The United States e-bike market is experiencing a transformative phase, driven by the growing demand for cleaner and more efficient modes of transportation. E-bikes, including pedal-assisted and speed pedelec models, are becoming increasingly popular across various sectors due to their environmental benefits and suitability for short-distance travel. The market is witnessing a surge in investments and initiatives aimed at enhancing urban infrastructure, such as bike-sharing programs and pedestrian-friendly streets, which are expected to further stimulate consumer interest and adoption. The COVID-19 pandemic has also played a significant role in boosting e-bike sales, as individuals sought alternatives to public transportation and became more health-conscious. This shift in consumer behavior, coupled with rising fuel prices and traffic congestion, has led to a notable increase in e-bike adoption among diverse age groups, including those aged 50 and above.
The market landscape is characterized by a fragmented structure, with major players like Cannondale Bicycle Corporation, Giant Manufacturing Co., Rad Power Bikes, Specialized Bicycle Components Inc., and Trek Bicycle Corporation holding a significant share. These companies are actively launching new models with advanced technologies to cater to the evolving consumer preferences for sustainable and cost-effective transportation solutions. The introduction of e-bikes with enhanced battery packs offering extended ranges is particularly appealing to commuters traveling distances of 5-15 km. As a result, e-bikes are not only becoming a preferred mode of transport but also a popular choice for exercise, contributing to the overall market growth. The ongoing trend towards urban mobility solutions and the increasing focus on reducing carbon footprints are expected to sustain the positive trajectory of the e-bike market in the United States over the forecast period.
United States E-bike Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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1.1 Propulsion Type
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1.1.1 Pedal Assisted
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1.1.2 Speed Pedelec
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1.1.3 Throttle Assisted
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1.2 Application Type
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1.2.1 Cargo/Utility
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1.2.2 City/Urban
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1.2.3 Trekking
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1.3 Battery Type
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1.3.1 Lead Acid Battery
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1.3.2 Lithium-ion Battery
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1.3.3 Others
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United States E-bike Market Size FAQs
How big is the United States E-bike Market?
The United States E-bike Market size is expected to reach USD 3.41 billion in 2024 and grow at a CAGR of 17.03% to reach USD 7.49 billion by 2029.
What is the current United States E-bike Market size?
In 2024, the United States E-bike Market size is expected to reach USD 3.41 billion.
