The North America e-bike market is estimated to surge with a CAGR of 10.14% in revenue and 10.75% in terms of volume during the forecasted period, 2022-2030, acquiring a revenue share of $1612.96 million by 2030.

NORTH AMERICA E-BIKE MARKET FORECAST 2022-2030

North America E-Bike Market by Type (Pedelecs, Throttle on Demand, Scooters, Motorcycles) Market by Drive Mechanism (Hub Motor, Mid-drive) Market by End-use (City/urban, Trekking, Cargo) Market by Battery (Lithium-ion, Lead Acid) Market by Power (Less Than & Equal to 250 W, Above 250 W) By Geography

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The North America e-bike market is estimated to surge with a CAGR of 10.14% in revenue and 10.75% in terms of volume during the forecasted period, 2022-2030, acquiring a revenue share of $1612.96 million by 2030.

The major factor driving the growth of electric bikes in North America is the support offered by the government in the form of subsidies and tax benefits. Further, infrastructure has been developed for the public following their requirements for riding e-bikes, which further propels market growth. Moreover, less natural resources and fuel availability have shifted people’s preference from conventional vehicles to electric bicycles. Furthermore, the rise in consumer awareness of health and environmental issues has significantly boosted the growth of the North America e-bike market.

North America E-Bike Market

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The North America e-bike market growth evaluation entails the assessment of United States and Canada. Some of the major factors driving the United States market growth are the increasing focus on travel & recreational activities and less traffic congestion. The e-bike market in the country is still in its growing stage, but pedelecs are gradually becoming popular among commuters, senior citizens, and recreational riders.

Furthermore, the retailers operating in the United States cite the benefits of e-bikes to increase their sales. They also focus on youth living in big cities who prefer to commute by bike instead of car to avoid car ownership responsibilities and inconveniences, such as parking, gas, insurance, licensing, and maintenance costs. Thus, based on these developments, the market is expected to witness growth in the coming years.

The North America e-bike market entails segmentation analysis of battery, drive mechanism, end-use, power, and type. Market by drive mechanism covers hub motor and mid-drive.

The hub motor, one of the most common drive mechanisms used in e-bikes, is integrated either on the front or rear wheel, followed by the wire connecting to the motor and controller battery. An all-wheel-drive sensation is offered by the front hub motor, with the front wheel pulled by the motor and the rider’s pedal propelling the back wheel. In contrast, the rear hub motor handles higher power options as the frame can handle higher torque at the back compared to the front, thus providing torque, cadence, and throttle sensor pedal assist.

On the other hand, the mid-drive system is specifically designed to incorporate the motor with the bottom bracket. It improves weight distribution and creates a lower center of gravity and a balanced ride. Moreover, mid-drive e-bikes ease simple repairs and are compatible with any wheel type because of the on-frame electric components. Due to these features, mid-drive motors are predominantly used in e-scooters and e-motorcycles. Besides, mid-drive motors are usually lighter and smaller compared to hub motors of similar power. Therefore, changing tires on a mid-drive e-bike is much easier.

Major players operating in the North America e-bike market include Rad Power, VanMoof, Aventon, Chargebikes, Trek Bicycle Corporation, etc.

Trek Bicycle Corporation was established as a wholly-owned subsidiary of Roth Corporation in 1975. The company sold nearly 900 units in the first year and opened its first dealership in 1977. The company employs around 2,000 people and operates under eight different brands. The annual turnover of the company is around USD 1 Million. Trek Bicycles has nearly 1,700 dealers across North America and its distributors spread over 90 countries worldwide. The company has a wide range of product portfolios for bikes and a wide geographic presence. The Trek Bicycles are manufactured in China, Taiwan, the Netherlands, and Germany. The company is headquartered in Waterloo, United States.

Trek Bicycle is popular for its Electric Hybrid Bikes, Electric Mountain Bikes, Electric Road Bikes, and other popular e-bikes. These bikes use advanced peddles and gears to provide an optimum experience in every terrain.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million), Volume (Thousand Units)
Segments Analyzed Type, Drive Mechanism, Battery, End-Use, Power
Countries Analyzed United States, Canada
Companies Analyzed

Accell Group, BMZ GmbH, Brose Fahrzeugteile SE & Co KG, Derby Cycle, Fuji-Ta Bicycle Co Ltd, Giant Manufacturing Co Ltd, Golden Wheel Group, Hero Electric, Jiangsu Xinri E-Vehicle Co Ltd, LG Chem, NIU International, Panasonic Corporation, QWIC, Riese & Mueller, Robert Bosch GmbH, Samsung SDI Co Ltd, Shimano Inc, Silence Urban Ecomobility, Stromer, Trek Bicycle Corporation, VanMoof, Vmoto Limited, Yadea Group Holding Ltd

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • GOVERNMENT INCENTIVES THAT ENCOURAGE THE USE OF ELECTRIC BIKES
        • CHANGING CONSUMER PREFERENCES TOWARD THE USE OF E-BIKES FOR COMMUTE
      • KEY RESTRAINTS
        • HIGH COST OF E-BIKES AND PRODUCT RECALLS
        • PROBLEMS RELATED TO DISTRIBUTION
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON E-BIKE MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    2. MARKET BY TYPE
      • PEDELECS
      • THROTTLE ON DEMAND
      • SCOOTERS
      • MOTORCYCLES
    3. MARKET BY DRIVE MECHANISM
      • HUB MOTOR
      • MID-DRIVE
    4. MARKET BY END-USE
      • CITY/URBAN
      • TREKKING
      • CARGO
    5. MARKET BY BATTERY
      • LITHIUM-ION
      • LEAD ACID
    6. MARKET BY POWER
      • LESS THAN & EQUAL TO 250 W
      • ABOVE 250 W
    7. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ACCELL GROUP
        • BMZ GMBH
        • BROSE FAHRZEUGTEILE SE & CO KG
        • DERBY CYCLE
        • FUJI-TA BICYCLE CO LTD
        • GIANT MANUFACTURING CO LTD
        • GOLDEN WHEEL GROUP
        • HERO ELECTRIC
        • JIANGSU XINRI E-VEHICLE CO LTD
        • LG CHEM
        • NIU INTERNATIONAL
        • PANASONIC CORPORATION
        • QWIC
        • RIESE & MUELLER
        • ROBERT BOSCH GMBH
        • SAMSUNG SDI CO LTD
        • SHIMANO INC
        • SILENCE URBAN ECOMOBILITY
        • STROMER
        • TREK BICYCLE CORPORATION
        • VANMOOF
        • VMOTO LIMITED
        • YADEA GROUP HOLDING LTD

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – E-BIKE

    TABLE 2: NORTH AMERICA E-BIKE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: NORTH AMERICA E-BIKE MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 4: NORTH AMERICA E-BIKE MARKET, BY DRIVE MECHANISM, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: NORTH AMERICA E-BIKE MARKET, BY DRIVE MECHANISM, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6: NORTH AMERICA E-BIKE MARKET, BY END-USE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: NORTH AMERICA E-BIKE MARKET, BY END-USE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: NORTH AMERICA E-BIKE MARKET, BY BATTERY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: NORTH AMERICA E-BIKE MARKET, BY BATTERY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: NORTH AMERICA E-BIKE MARKET, BY POWER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 11: NORTH AMERICA E-BIKE MARKET, BY POWER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 12: NORTH AMERICA E-BIKE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 13: NORTH AMERICA E-BIKE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 14: NORTH AMERICA E-BIKE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)

    TABLE 15: NORTH AMERICA E-BIKE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN THOUSAND UNITS)

    TABLE 16: LEADING PLAYERS OPERATING IN NORTH AMERICA E-BIKE MARKET

    TABLE 17: REGULATIONS FOR THE E-BIKE MARKET IN UNITED STATES

    TABLE 18: ACTIVE INCENTIVES FOR THE E-BIKE MARKET IN UNITED STATES

    TABLE 19: REGULATIONS FOR THE E-BIKE MARKET IN CANADA

    TABLE 20: ACTIVE INCENTIVES FOR THE E-BIKE MARKET IN CANADA

    TABLE 21: LIST OF MERGERS & ACQUISITIONS

    TABLE 22: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 23: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 24: LIST OF BUSINESS EXPANSIONS & DIVESTITURES                        

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: NORTH AMERICA E-BIKE MARKET, BY PRODUCT, IN 2021 (AVERAGE PRICE: $/UNIT)

    FIGURE 6: NORTH AMERICA E-BIKE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

    FIGURE 7: NORTH AMERICA E-BIKE MARKET, BY PEDELECS, 2022-2030 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA E-BIKE MARKET, BY THROTTLE ON DEMAND, 2022-2030 (IN $ MILLION)

    FIGURE 9: NORTH AMERICA E-BIKE MARKET, BY SCOOTERS, 2022-2030 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA E-BIKE MARKET, BY MOTORCYCLES, 2022-2030 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA E-BIKE MARKET, GROWTH POTENTIAL, BY DRIVE MECHANISM, IN 2021

    FIGURE 12: NORTH AMERICA E-BIKE MARKET, BY HUB MOTOR, 2022-2030 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA E-BIKE MARKET, BY MID-DRIVE, 2022-2030 (IN $ MILLION)

    FIGURE 14: NORTH AMERICA E-BIKE MARKET, GROWTH POTENTIAL, BY END-USE, IN 2021

    FIGURE 15: NORTH AMERICA E-BIKE MARKET, BY CITY/URBAN, 2022-2030 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA E-BIKE MARKET, BY TREKKING, 2022-2030 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA E-BIKE MARKET, BY CARGO, 2022-2030 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA E-BIKE MARKET, GROWTH POTENTIAL, BY BATTERY, IN 2021

    FIGURE 19: NORTH AMERICA E-BIKE MARKET, BY LITHIUM-ION, 2022-2030 (IN $ MILLION)

    FIGURE 20: NORTH AMERICA E-BIKE MARKET, BY LEAD ACID, 2022-2030 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA E-BIKE MARKET, GROWTH POTENTIAL, BY POWER, IN 2021

    FIGURE 22: NORTH AMERICA E-BIKE MARKET, BY LESS THAN & EQUAL TO 250 W, 2022-2030 (IN $ MILLION)

    FIGURE 23: NORTH AMERICA E-BIKE MARKET, BY ABOVE 250 W, 2022-2030 (IN $ MILLION)

    FIGURE 24: NORTH AMERICA E-BIKE MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 25: UNITED STATES E-BIKE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 26: CANADA E-BIKE MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY TYPE
      • PEDELECS
      • THROTTLE ON DEMAND
      • SCOOTERS
      • MOTORCYCLES
    2. MARKET BY DRIVE MECHANISM
      • HUB MOTOR
      • MID-DRIVE
    3. MARKET BY END-USE
      • CITY/URBAN
      • TREKKING
      • CARGO
    4. MARKET BY BATTERY
      • LITHIUM-ION
      • LEAD ACID
    5. MARKET BY POWER
      • LESS THAN & EQUAL TO 250 W
      • ABOVE 250 W

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