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UNITED STATES E-BIKE MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

United States E-bike Market by Design (Foldable, Unfoldable) Market by Type (Pedelecs, Throttle on Demand, Scooters, Motorcycles) Market by Drive Mechanism (Hub Motor, Mid-drive) Market by Battery (Lithium-ion, Lead Acid) Market by Power (Less Than & Equal to 250 W, Above 250 W)


MARKET OVERVIEW

The United States e-bike market is expected to surge with a CAGR of 10.32% over the forecast period of 2024-2032 and is set to reach a revenue of $xx million by 2032

The e-bike market’s growth in the United States is driven by increased emphasis on travel and recreational activities, as well as the desire to alleviate traffic congestion. However, limited awareness among the country’s citizens poses a challenge to market development. On the other hand, despite being in its nascent stage, the e-bike market in the United States is witnessing a gradual rise in popularity among commuters, senior citizens, and recreational riders, particularly with the adoption of pedelecs.

United States E-Bike Market

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In order to bolster sales in the United States, e-bike retailers target active older customers. Baby boomers, aged between 52 and 70, comprise approximately 25% of Americans and represent a significant demographic for e-bike adoption. Many of them are inclined toward cycling but face health-related barriers, such as knee and joint pain or exercise-induced asthma.

Accordingly, retailers in the United States highlight the benefits of e-bikes to appeal to this demographic, emphasizing features like ease of pedaling, reduced effort required to propel the bike forward due to the electric motor, and diminished strain on the heart during rides. This promotes a steady increase in heart rate, reducing the likelihood of sudden spikes caused by hill climbs or rough terrain.

Venders also target urban youth who prefer biking over car commuting to avoid the associated inconveniences and expenses of car ownership, including insurance, parking, fuel, licensing, and maintenance costs. These factors, in turn, are projected to boost the demand for e-bikes in the United States, subsequently driving the market’s growth during the forecast period.

The United States e-bike market segmentation includes design, type, drive mechanism, battery, and power. The design segment comprises foldable and unfoldable. Foldable e-bikes offer a unique blend of convenience and versatility, catering to urban commuters and travelers seeking compact transportation solutions. Their compact design allows for easy storage in small apartments, offices, or public transportation, making them ideal for city dwellers with limited space. 

Additionally, the foldable feature enhances portability, enabling users to seamlessly transition between biking and other modes of transportation, such as trains or buses, for efficient multi-modal commutes.

Beyond urban settings, foldable e-bikes appeal to adventure enthusiasts and leisure riders seeking portable transportation for outdoor excursions. Their ability to collapse into a compact size facilitates transport in vehicles, boats, or RVs, expanding opportunities for exploration and recreation. Whether navigating city streets or venturing off-road, foldable e-bikes provide a convenient and eco-friendly means of transportation for diverse lifestyles and travel experiences.

Some of the leading players in the United States e-bike market are Accell Group, BionX International Corporation, Robert Bosch GmbH, etc.

Accell Group NV, heaquartered in the Netherlands, is a leading manufacturer specializing in a diverse range of bicycles, including racing, hybrid, children’s, mountain, electric, as well as luxury models. The company boasts a significant portfolio of brands such as Batavus, Lapierre, Mercier, Hercules, Koga-Miyata, Loekie, Sparta, and Winora. 

In addition to bicycles, Accell Group also produces accessories and fitness equipment, catering to a broad spectrum of cycling enthusiasts. With a strong geographic presence, the company distributes its products through a network of dealers and directly to consumers across more than 80 countries.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast Units

Revenue ($ Million)

Segments Analyzed
Design, Type, Drive Mechanism, Battery, and Power
Countries AnalyzedUnited States
Companies AnalyzedAccell Group, BionX International Corporation, Robert Bosch GmbH, Hero Cycles Ltd, Yamaha Motor Group, Derby Cycle Holding GmbH
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. MAJOR MARKET FINDINGS
      1. RISING URBANIZATION AND EXPANDING CITY DENSITY DEMAND COMPACT MOBILITY WITH LOWER ENVIRONMENTAL IMPACT
      2. ELECTRIC MOUNTAIN BIKES GAINING TRACTION DUE TO RECREATIONAL ACTIVITIES AND ATHLEISURE PREFERENCES
      3. INCREASE IN CARGO E-BIKE ADOPTION FOR LAST-MILE DELIVERIES REFLECTS CHANGING RETAIL/LOGISTICS PRIORITIES
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. SUPPORTIVE GOVERNMENT POLICIES PROMOTING SUSTAINABLE TRANSPORT OPTIONS
      2. GROWING CONSUMER INCLINATION TOWARDS ECO-FRIENDLY COMMUTING SOLUTIONS
      3. INCREASED INVESTMENTS IN CONNECTED INFRASTRUCTURE SUITABLE FOR E-BIKES
      4.  RAPID TECHNOLOGICAL PROGRESS MAKE E-BIKES MORE ADVANCED AND AFFORDABLE
      5. RISING FUEL PRICES STIMULATE DEMAND FOR COST-EFFECTIVE TRANSPORTATION
    2. KEY RESTRAINTS
      1. HIGH UPFRONT COSTS OF PURCHASING E-BIKES
      2. LACK OF CYCLING INFRASTRUCTURE HAMPERS ADOPTION 
      3. CONCERNS RELATED TO E-BIKE SAFETY FEATURES AND LIABILITY REQUIREMENTS
      4. LIMITED CONSUMER AWARENESS RESTRICTS MAINSTREAM POPULARITY
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. CUSTOMIZATION FOR DIVERSE RIDING STYLES AND NEEDS LIKE POWER, SPEED, AND RANGE
      2. INCREASED USAGE OF LIGHTWEIGHT YET DURABLE FRAMES SUCH AS CARBON FIBER
      3. RISING EMPHASIS ON SWAPPABLE BATTERIES FOR LONGER DISTANCES
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR UNITED STATES
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. COMPONENT SOURCING AND INTEGRATION
      2. DISTRIBUTION AND RETAIL CHANNELS
      3. TECHNOLOGICAL INNOVATION AND R&D
      4. AFTER-SALES SERVICES AND CUSTOMER SUPPORT
    7. KEY BUYING CRITERIA
      1. BATTERY PERFORMANCE AND RANGE
      2. TECHNOLOGY AND CONNECTIVITY FEATURES
      3. DESIGN AND BUILD QUALITY
      4. REGULATORY COMPLIANCE AND STANDARDS
    8. REGULATORY FRAMEWORK
  5. MARKET BY DESIGN
    1. FOLDABLE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. UNFOLDABLE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY TYPE
    1. PEDELECS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. THROTTLE ON DEMAND
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. SCOOTERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. MOTORCYCLES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY DRIVE MECHANISM 
    1. HUB MOTOR
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. MID-DRIVE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. MARKET BY BATTERY 
    1. LITHIUM-ION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. LEAD ACID
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  9. MARKET BY POWER
    1. LESS THAN & EQUAL TO 250 W
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. ABOVE 250 W
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ACCELL GROUP
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. BIONX INTERNATIONAL CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. ROBERT BOSCH GMBH
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. HERO CYCLES LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. YAMAHA MOTOR GROUP
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. DERBY CYCLE HOLDING GMBH
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – E-BIKE MARKET 

TABLE 2: UNITED STATES E-BIKE MARKET REGULATORY FRAMEWORK

TABLE 3: UNITED STATES E-BIKE MARKET, BY DESIGN, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 4: UNITED STATES E-BIKE MARKET, BY DESIGN, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 5: UNITED STATES E-BIKE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: UNITED STATES E-BIKE MARKET, BY TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 7: UNITED STATES E-BIKE MARKET, BY DRIVE MECHANISM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: UNITED STATES E-BIKE MARKET, BY DRIVE MECHANISM, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 9: UNITED STATES E-BIKE MARKET, BY BATTERY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 10: UNITED STATES E-BIKE MARKET, BY BATTERY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 11: UNITED STATES E-BIKE MARKET, BY POWER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 12: UNITED STATES E-BIKE MARKET, BY POWER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 13: LIST OF MERGERS & ACQUISITIONS

TABLE 14: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 15: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 16: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR UNITED STATES

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: UNITED STATES E-BIKE MARKET, GROWTH POTENTIAL, BY DESIGN, IN 2023

FIGURE 7: UNITED STATES E-BIKE MARKET, BY FOLDABLE, 2024-2032 (IN $ MILLION)

FIGURE 8: UNITED STATES E-BIKE MARKET, BY UNFOLDABLE, 2024-2032 (IN $ MILLION)

FIGURE 9: UNITED STATES E-BIKE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2023

FIGURE 10: UNITED STATES E-BIKE MARKET, BY PEDELECS, 2024-2032 (IN $ MILLION)

FIGURE 11: UNITED STATES E-BIKE MARKET, BY THROTTLE ON DEMAND, 2024-2032 (IN $ MILLION)

FIGURE 12: UNITED STATES E-BIKE MARKET, BY SCOOTERS, 2024-2032 (IN $ MILLION)

FIGURE 13: UNITED STATES E-BIKE MARKET, BY MOTORCYCLES, 2024-2032 (IN $ MILLION)

FIGURE 14: UNITED STATES E-BIKE MARKET, GROWTH POTENTIAL, BY DRIVE MECHANISM, IN 2023

FIGURE 15: UNITED STATES E-BIKE MARKET, BY HUB MOTOR, 2024-2032 (IN $ MILLION)

FIGURE 16: UNITED STATES E-BIKE MARKET, BY MID-DRIVE, 2024-2032 (IN $ MILLION)

FIGURE 17: UNITED STATES E-BIKE MARKET, GROWTH POTENTIAL, BY BATTERY, IN 2023

FIGURE 18: UNITED STATES E-BIKE MARKET, BY LITHIUM-ION, 2024-2032 (IN $ MILLION)

FIGURE 19: UNITED STATES E-BIKE MARKET, BY LEAD ACID, 2024-2032 (IN $ MILLION)

FIGURE 20: UNITED STATES E-BIKE MARKET, GROWTH POTENTIAL, BY POWER, IN 2023

FIGURE 21: UNITED STATES E-BIKE MARKET, BY LESS THAN & EQUAL TO 250 W, 2024-2032 (IN $ MILLION)

FIGURE 22: UNITED STATES E-BIKE MARKET, BY ABOVE 250 W, 2024-2032 (IN $ MILLION)

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