The global electric bike market attained a value of USD 69772.11 Million in 2025 and is projected to expand at a CAGR of 9.80% through 2035. The market is further expected to achieve USD 177707.30 Million by 2035. The rapid scale-up of BaaS battery swapping networks for two-wheeler fleets is lowering capex barriers, boosting vehicle uptime, and enabling larger fleet deployments across urban mobility and logistics sectors.
One of the most significant developments in the electric bike market surfaced in August 2025, when Wardwizard Innovations announced a strategic partnership with Battery Smart to roll out a battery-swapping model for its Joy e-bike brand. This collaboration is expected to reduce ownership costs considerably, especially for fleet operators and delivery companies, by decoupling battery purchase from the vehicle itself.
Apart from swapping, the electric bike industry is rapidly adapting modular platform strategies. OEMs are designing chassis that can accept different battery modules such as fixed, swappable, or subscription-based, allowing fleet owners to tailor total cost of ownership. Manufacturers are embedding IoT-based fleet telemetry to optimize routes, predict maintenance, and even rebalance battery usage. These innovations are opening long-term service and data-driven revenue models.
Meanwhile, used and refurbished e-bike platforms such as Upway are gaining traction in Europe and the United States’ Upway’s business model builds trust through certified reconditioning, battery testing, and warranty-backed resale, which not only prolongs vehicle life but also encourages B2B leasing companies and micromobility services to consider second-hand fleet expansion. In November 2025, Upway raised USD 60 million Series C to scale refurbished e-bike network, expand UpCenters and give one million bikes a second life by 2030. This electric bike market trend toward circular e-bike usage could reduce capital intensity and drive wider adoption in commercial applications.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
9.8%
Value in USD Million
2026-2035
*this image is indicative*
| Global Electric Bike Market Report Summary | Description | Value |
| Base Year | USD Million | 2025 |
| Historical Period | USD Million | 2019-2025 |
| Forecast Period | USD Million | 2026-2035 |
| Market Size 2025 | USD Million | 69772.11 |
| Market Size 2035 | USD Million | 177707.30 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 9.80% |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 11.3% |
| CAGR 2026-2035 - Market by Country | India | 13.0% |
| CAGR 2026-2035 - Market by Country | China | 10.8% |
| CAGR 2026-2035 - Market by Product Type | Pedelecs | 11.2% |
| CAGR 2026-2035 - Market by Drive Mechanism | Mid-Drive | 11.0% |
| Market Share by Country 2025 | UK | 2.7% |
Battery swapping is moving from pilot to commercial scale, letting fleet operators lower upfront costs and improve uptime. Partnerships between OEMs and swap-network providers are unlocking subscription models where operators pay per-use rather than owning batteries, reducing capex and simplifying replacement logistics. For example, in June 2025, Ather Energy announced that the company is set to launch a Battery-as-a-Service (BaaS) model to amplify competition against rivals like TVS, Bajaj and Ola Electric, driving demand in the electric bike market. This is a clear example that shows India’s swapping market growing rapidly, supporting fleet electrification in delivery and last-mile operations.
Manufacturers are standardizing frames and electrical architectures so a single chassis accepts multiple battery formats, motors, or cargo modules. This reduces SKUs, shortens development cycles, and helps fleet customers tailor fleets by role including cargo, courier, or passenger without heavy retooling. In September 2025, Kinetic Engineering Limited inaugurated an advanced Robotic Chassis Line at its Ahilya Nagar facility in Maharashtra, enhancing production capabilities for the Kinetic DX Electric scooter, redefining the electric bike market trends. OEMs are also exposing telematics and OTA update hooks at the platform level, enabling third-party fleet-management providers to integrate route optimization and predictive maintenance.
While hub motors dominate cost-sensitive markets, mid-drive systems are winning in premium, cargo and performance applications because of superior torque distribution, easier serviceability, and better uphill efficiency. In June 2025, Valeo launched Valeo Cyclee Mid Drive Unit, a unique assistance system on the market. It is a user-friendly human-machine interface designed for sustainability. Electric bike industry research shows mid-drive adoption rising with mountain, trekking and high-load urban models, driven by demand for durability and lower total cost of ownership in fleet duty cycles.
E-bike vendors are embedding IoT stacks such as battery health, cell balancing, ride profiles to sell services including predictive maintenance, route optimization, and even battery-performance guarantees. For instance, Force Motors launched iPulse in August 2025, that leverages AI and predictive analytics to enhance fleet efficiency, reduce downtime, and improve vehicle safety. Fleet operators are paying for analytics that reduce downtime and extend battery life through intelligent charge cycles. This is shifting OEM revenue from one-time vehicle sales to recurring data and service contracts. It is especially relevant for B2B fleet operators where uptime and predictable operating expense matter more than unit price, creating new electric bike market opportunities. Large OEMs and platform players are already bundling analytics subscriptions into commercial offers.
Government EV incentives, urban low-emission zones, and corporate sustainability targets are boosting e-bike procurement for corporate mobility and delivery fleets. However, compliance with vehicle classification, speed limits, and battery transport regulations creates procurement complexity for large buyers operating multi-jurisdiction fleets, accelerating the overall demand in the electric bike market. In April 2025, Massachusetts Clean Energy Center (MassCEC) launched the Massachusetts Statewide Electric Bike Incentive Program, with income-based e-bike vouchers of up to USD 1,200 to help residents switch to clean, affordable transportation options. Public procurement bodies are increasingly requiring certified safety features, standardized telematics for reporting, and end-of-life battery recycling plans, favoring suppliers with demonstrated compliance and circularity programs.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The EMR’s report titled “Global Electric Bike Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Key Insight: Product types considered in the industry report include pedelecs, speed pedelecs, throttle-on-demand models, and scooter/motorcycle classes. Pedelecs dominate the electric bike market due to regulatory ease and efficiency, speed pedelecs serve premium, faster commuting niches. Throttle models suit casual or motor-heavy usage and scooters/motorcycles are growing fast in terms of market shares for commercial payload and range needs. B2B buyers evaluate products on uptime, modularity, and service economics, choosing pedelecs for city fleets and scooters for longer suburban routes.
Market Breakup by Drive Mechanism
Key Insight: Drive mechanisms such as hub, mid-drive and newer in-wheel or shaft systems, are chosen based on cost, performance and serviceability. Hub motors lead for cost-effective mass models, while the mid-drive category is gaining momentum where torque and efficiency under load are essential. Other mechanisms including shaft, torque-split serve niche premium or rugged applications. Fleet buyers balancing TCO often select hub motors for low-cost, easily-serviced fleets, while operators seeking higher payload or steep-terrain performance are switching to mid-drive platforms.
Market Breakup by Battery Type
Key Insight: Battery categories include lead-acid (legacy), lithium-ion (dominant), and newer swap/advanced chemistries. Lithium-ion batteries hold the dominant share in the electric bike market due to energy density and established supply chains. Swappable modular packs are growing fast for fleet uptime and OPEX optimization. Lead-acid is largely legacy or very low-cost markets. Suppliers that couple battery hardware with battery-as-a-service and certified recycling programs are reducing owner risk and winning enterprise contracts.
Market Breakup by Region
Key Insight: Asia Pacific dominates in production scale and fleet density. Europe emphasizes standards, safety and circularity. The electric bike market in North America is growing quickly for premium fleet electrification and micromobility. Latin America and Middle East and Africa are emerging markets with selective urban pilots. Each region imposes different regulatory, logistics, and service expectations. Suppliers successful across regions are modularizing platforms, offering BaaS models, and localizing service networks to meet diverse procurement needs and compliance regimes.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
By product type, pedelecs dominate the market because they balance pedal assist with regulatory simplicity and range
Pedelecs or pedal-assist e-bikes limited by assistance thresholds, are the dominant commercial product because they align with many regulatory regimes and appeal to both consumers and fleets seeking human-assisted range efficiency. Pedelecs reduce battery draw by leveraging rider input, which improves lifecycle economics for commercial operations like delivery and bike-leasing. In April 2023, Yamaha’s diverse range of class-leading Urban Mobility models was expanded with the launch of two new electric models, the BOOSTER Easy eBike and the BOOSTER S-pedelec electric, boosting growth in the electric bike market.
The scooter and motorcycle category (larger-format two-wheelers with motorcycle ergonomics) is expanding in commercial and fleet use because they carry higher payloads, support longer ranges, and better match courier workflows. These vehicles increasingly adopt high-capacity battery packs, swappable modules, and telematics wired for route optimization. Fleet operators prefer them for longer suburban runs and B2B deliveries where speed and load capacity matter.
By drive mechanism, hub motors lead due to cost advantages and easier integration for mass models
Hub motors dominate global unit volumes because they are inexpensive, easy to integrate, and require fewer frame modifications. They suit lightweight commuter and entry-level fleet models where cost and simplicity matter. Hub units can be front or rear mounted and often permit throttle operation, which fleets use for assisted starts and urban stop-start profiles. Their lower parts complexity reduces repair times, which is critical for distributed fleets with limited workshop capacity. In November 2025, GOTRAX announced the launch of its latest model called the Mustang Electric Bike, that features 750W rear-hub motor delivering up to 90Nm of torque.
Mid-drive motors observe considerable growth in the electric bike market among performance and cargo applications because they concentrate torque at the crank, improving hill climbing and battery efficiency under load. This makes mid-drive systems attractive for cargo carriers, premium commuters and off-road models that require consistent power delivery. Mid-drive units also integrate well with drivetrain sensors, enabling smarter assist profiles and regenerative strategies for range extension.
By battery type, lithium-ion dominates the market due to energy density, lifecycle, and fast charging support
Lithium-ion batteries dominate e-bike fleets because of superior energy density, cycle life, and reliable charge-discharge characteristics. Li-ion chemistries (NMC, LFP) are standard due to predictable degradation profiles and mature supply chains for cells and battery management systems. For fleet buyers, Li-ion offers the best mix of range, weight and lifecycle costs when paired with smart BMS and thermal management. OEMs and pack integrators are offering serviceable modules, standardized connectors and certified repair workflows to meet commercial usage patterns, accelerating the electric bike market revenue.
The fastest-growing battery types are service-centric. Swappable modular packs and experimentation with alternative chemistries such as the growing use of LFP for its safety profile and early-stage development in solid-state technologies are growing more popular. In July 2025, Gogoro and ProLogium jointly developed the first swappable solid-state lithium-ceramic battery prototype for scooters and e-bikes. Swappable packs are seeing rapid uptake in fleet scenarios because they reduce downtime and shift battery ownership to service providers. LFP cells are mostly preferred for commercial fleets due to longer cycle life and thermal stability, even if energy density is slightly lower.
By region, Asia Pacific secures the dominant position owing to manufacturing scale, urbanization, and micromobility demand
Asia Pacific boasts dominance as a region with mature two-wheeler manufacturing, dense urban micromobility demand, and favorable policy support in several markets. China, India and Southeast Asia host major OEMs and component suppliers, enabling low lead times and cost efficiencies for global fleets. Urban delivery ecosystems and last-mile logistics in APAC are large demand motivators, and many pilot swapping networks and BaaS trials are concentrated here.
The electric bike market in North America is growing rapidly for higher-end e-bikes, fleet electrification in delivery, and micromobility services, driven by corporate sustainability goals and last-mile electrification grants. Urban logistics pilots and municipal incentives for low-emission fleets are catalyzing rapid procurement by parcel, grocery and food-delivery companies. United States and Canadian markets favor telematics-rich, serviceable platforms that integrate with enterprise fleet management software.
| CAGR 2026-2035 - Market by | Country |
| India | 13.0% |
| China | 10.8% |
| UK | 9.0% |
| USA | 8.7% |
| Germany | 8.1% |
| Canada | XX% |
| France | XX% |
| Italy | XX% |
| Japan | 6.8% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
The market dynamics is shifting fast as companies push deeper into battery innovations, intelligent drivetrain systems, and connected mobility upgrades that genuinely change the riding experience. Most electric bike market players are focusing on long-range platforms, integrated telematics, and rapid-charging ecosystems that help them lock stronger positions across urban mobility programs and private fleets. Policy support in major economies is creating fresh opportunities for partnerships between OEMs and battery suppliers, especially around solid-state chemistries that could reset performance benchmarks. There is also a rising focus on modular frames and lightweight materials, letting brands introduce more adaptive models for commuter and cargo use.
For many electric bike companies, after-sales services and software-based upgrades are becoming big opportunities, since recurring revenue models are getting more important than one-time sales. Overall, the market is rewarding companies that treat e-bikes as evolving tech platforms rather than simple transport tools.
Accell Group, established in 1998 and headquartered in Heerenveen, Netherlands, focuses on premium electric bikes built around advanced connectivity and user-centric powertrains. The company serves the market with smart e-bike ecosystems, integrating over-the-air diagnostics and predictive maintenance tools that boost fleet and commuter reliability.
Jiangsu Xinri E-Vehicle Co., Ltd, founded in 1999 and headquartered in Wuxi, China, delivers high-volume e-bikes with strong emphasis on battery durability, safety features, and scalable production capabilities. The company serves the market through advanced automated manufacturing lines and partnerships supporting Asia’s rapidly growing commuter adoption.
Mahindra & Mahindra Ltd, established in 1945 and headquartered in India, approaches the electric bike market through intelligent mobility engineering and consistent integration of IoT-driven features. The company caters to the market by focusing on smart battery packs, connected dashboards, and telematics-supported fleet management. Mahindra leverages its broader electric mobility portfolio to create synergies in charging infrastructure and shared mobility channels.
Fuji-ta Bicycle Co., Ltd., founded in 1992 and headquartered in Tianjin, China, caters to the electric bike market through high-volume, export-oriented manufacturing and partnerships with global distributors. The company focuses on durable frames, long-range battery systems, and integrated safety technologies suited for both recreational and urban use.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Unlock the latest insights with our electric bike market trends 2026 report. Discover regional growth patterns, consumer preferences, and key industry players. Stay ahead of competition with trusted data and expert analysis. Download your free sample report today and drive informed decisions in the electric bike market.
Upto 15% Off
USD
$2499 $2249
$3999 $3599
$4999 $4249
$5999 $5099
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2025, the market reached an approximate value of USD 69772.11 Million.
The market is projected to grow at a CAGR of 9.80% between 2026 and 2035.
Stakeholders are prioritizing smart battery alliances, expanding telematics integration, building modular product lines, strengthening after-sales ecosystems, and forming city-level partnerships that support long-term electric mobility adoption and recurring service-based revenue opportunities.
The key trends of the market are increasing consumer inclination toward use of e-bikes as an eco-friendly solution for commute and the growing implementation of regulations issued by various governments to encourage the use of electric bikes.
The major regions in the market are North America, Latin America, Europe, the Asia Pacific, the Middle East and Africa.
The various product types in the market are pedelecs, speed pedelecs, throttle on demand, and scooter and motorcycle.
The significant drive mechanisms are hub motor and mid-drive, among others.
The leading battery types in the market are lead acid and lithium-ion, among others.
The key players in the market include Accell Group, Jiangsu Xinri E-Vehicle Co., Ltd, Mahindra & Mahindra Ltd, and Fuji-ta Bicycle Co., Ltd., among others.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach USD 177707.30 Million by 2035.
Companies face rising battery material costs, tightening safety certifications, and pressure to shorten charging times while still keeping prices competitive, all while navigating fragmented infrastructure standards across different global markets.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Drive Mechanism |
|
| Breakup by Battery Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share