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CANADA E-BIKE MARKET FORECAST 2023-2028

SCOPE OF THE REPORT

Canada E-bike Market by Type (Pedelec, Throttle on Demand, Scooter, Motorcycle) Market by Drive Mechanism (Hub Motor, Mid-drive) Market by Application (City/urban, Trekking, Cargo) Market by Battery (Lithium-ion, Lead Acid) Market by Power (≤ 250 W, >250 W)


MARKET OVERVIEW

The Canada e-bike market is expected to reach $xx million by 2028, growing at a CAGR of 5.90% during the forecast period, 2023-2028. The base year considered for the study is 2022, and the estimated period is between 2023 and 2028. The market study has also analyzed the impact of COVID-19 on the e-bike market qualitatively as well as quantitatively.

E-bikes are convenient, environmentally friendly, and adaptable means of transportation. Consumers view them as the best alternative to automobiles and public transportation, among others. They enable higher speed with minimal effort and provide a number of health advantages due to their compact design. In addition, they help reduce congestion in traffic. Since 2000, many companies have entered the e-bike market with a number of offerings, and the market has been growing ever since.

Canada E-Bike Market

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In Canada, e-bike sales are increasing, given the increased availability of e-bikes through online and offline retailers. Whereas to improve product quality, major market players are making significant investments in R&D projects. While to boost overall sales, they also concentrate on improving battery technology, combining lightweight materials, and funding advertising efforts. Such activities are expected to contribute to market growth, which could accelerate the development of electric bicycles in the coming years.

At the same time, price is one of the concerning factors for e-bike purchasers as e-bikes are costlier than conventional bicycles. Companies then resort to discounts and offers on purchases, which impacts their revenue and profitability. 

For instance, in Canada, the government provides rebates on e-bike purchases. In June 2023, the British Columbia Government commenced an e-bike rebate of up to $1,400. The rebates will be available to people aged 19 and above, with rebates ranging from $350 to $1,400 for approved e-bike purchases. Only e-bikes with a list price of $2,000 or more are eligible for the BC E-Bike Rebate Program. The overall program is estimated to cost $6 million and benefit up to 9,000 people.

Furthermore, more government investments in bike-sharing initiatives and the development of dedicated bike lanes and pedestrian-friendly urban environments are expected. These efforts align with the government’s broader objectives to encourage alternative transportation methods, enhance road safety, and advance environmental sustainability. Notably, electric bicycles are identified as an emerging transportation solution in Vancouver’s Transportation 2040 plan. This reflects the potential for e-bikes to evolve into the most environmentally conscious mode of transportation in Canada.

Over the course of the forecast period, factors like a propensity toward healthy living, a developing fitness trend, and a growing desire for recreational activities, particularly among young people, are anticipated to support the expansion of the Canada e-bike market.

 Inkwood Research’s report on the Canada e-bike market provides in-depth insights & segmentation analysis. The detailed assessment of the market includes market share analysis, competitive landscape, key buying criteria, PESTLE analysis, brand share analysis, and value chain analysis. The segmentation analysis of the market includes type, drive mechanism, application, battery, and power.

Some of the key players in the market Daymak Inc, Pedego, Aventon Bikes, etc.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2028
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Type, Drive Mechanism, Application, Battery, Power
Countries AnalyzedCanada
Companies AnalyzedDaymak Inc, Pedego, Aventon Bikes, Envodrive, VoltBike Electric Inc

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY – CANADA E-BIKE MARKET
    1. MARKET SIZE & ESTIMATES
    2. CANADA SNAPSHOT
    3. CANADA ANALYSIS
    4. KEY GROWTH ENABLERS
    5. KEY CHALLENGES
  3. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON CANADA E-BIKE MARKET
    2. KEY MARKET TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
  4. MARKET BY TYPE
    1. PEDELEC
    2. THROTTLE ON DEMAND
    3. SCOOTER
    4. MOTORCYCLE
  5. MARKET BY DRIVE MECHANISM
    1. HUB MOTOR
    2. MID-DRIVE
  6. MARKET BY APPLICATION
    1. CITY/URBAN
    2. TREKKING
    3. CARGO
  7. MARKET BY BATTERY
    1. LITHIUM-ION
    2. LEAD ACID
  8. MARKET BY POWER
    1. ≤ 250 W
    2. >250 W
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & COLLABORATIONS
      4. BUSINESS EXPANSIONS
    2. COMPANY PROFILES
      1. DAYMAK INC
      2. PEDEGO
      3. AVENTON BIKES
      4. ENVODRIVE
      5. VOLTBIKE ELECTRIC INC

LIST OF TABLES

TABLE 1: CANADA SNAPSHOT

TABLE 2: CANADA E-BIKE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: CANADA E-BIKE MARKET, BY TYPE, FORECAST YEARS, 2023-2028 (IN $ MILLION)

TABLE 4: CANADA E-BIKE MARKET, BY DRIVE MECHANISM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: CANADA E-BIKE MARKET, BY DRIVE MECHANISM, FORECAST YEARS, 2023-2028 (IN $ MILLION)

TABLE 6: CANADA E-BIKE MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: CANADA E-BIKE MARKET, BY APPLICATION, FORECAST YEARS, 2023-2028 (IN $ MILLION)

TABLE 8: CANADA E-BIKE MARKET, BY BATTERY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: CANADA E-BIKE MARKET, BY BATTERY, FORECAST YEARS, 2023-2028 (IN $ MILLION)

TABLE 10: CANADA E-BIKE MARKET, BY POWER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: CANADA E-BIKE MARKET, BY POWER, FORECAST YEARS, 2023-2028 (IN $ MILLION)

TABLE 12: LIST OF MERGERS & ACQUISITIONS

TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 14: LIST OF PARTNERSHIPS & COLLABORATIONS

TABLE 15: LIST OF BUSINESS EXPANSIONS

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: CANADA E-BIKE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 5: CANADA E-BIKE MARKET, BY PEDELECS, 2023-2028 (IN $ MILLION)

FIGURE 6: CANADA E-BIKE MARKET, BY THROTTLE ON DEMAND, 2023-2028 (IN $ MILLION)

FIGURE 7: CANADA E-BIKE MARKET, BY SCOOTER, 2023-2028 (IN $ MILLION)

FIGURE 8: CANADA E-BIKE MARKET, BY MOTORCYCLE, 2023-2028 (IN $ MILLION)

FIGURE 9: CANADA E-BIKE MARKET, GROWTH POTENTIAL, BY DRIVE MECHANISM, IN 2022

FIGURE 10: CANADA E-BIKE MARKET, BY HUB MOTOR, 2023-2028 (IN $ MILLION)

FIGURE 11: CANADA E-BIKE MARKET, BY MID-DRIVE, 2023-2028 (IN $ MILLION)

FIGURE 12: CANADA E-BIKE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 13: CANADA E-BIKE MARKET, BY CITY/URBAN, 2023-2028 (IN $ MILLION)

FIGURE 14: CANADA E-BIKE MARKET, BY TREKKING, 2023-2028 (IN $ MILLION)

FIGURE 15: CANADA E-BIKE MARKET, BY CARGO, 2023-2028 (IN $ MILLION)

FIGURE 16: CANADA E-BIKE MARKET, GROWTH POTENTIAL, BY BATTERY, IN 2022

FIGURE 17: CANADA E-BIKE MARKET, BY LITHIUM-ION, 2023-2028 (IN $ MILLION)

FIGURE 18: CANADA E-BIKE MARKET, BY LEAD ACID, 2023-2028 (IN $ MILLION)

FIGURE 19: CANADA E-BIKE MARKET, GROWTH POTENTIAL, BY POWER, IN 2022

FIGURE 20: CANADA E-BIKE MARKET, BY ≤ 250 W, 2023-2028 (IN $ MILLION)

FIGURE 21: CANADA E-BIKE MARKET, BY >250 W, 2023-2028 (IN $ MILLION)

FAQ’s