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The United States e-bike market size reached approximately USD 1.64 billion in 2023. The market is further projected to grow at a CAGR of 9.8% between 2024 and 2032, reaching a value of USD 3.95 billion by 2032.
E-bikes refer to bicycles that are equipped with electric motors to assist with pedalling. These battery-powered bicycles contain different electrical components, including controllers, among others. They also allow users to travel large distances without getting tired by augmenting the human power. E-bikes further aid in overcoming obstacles, including hills and headwind.
On the basis of propulsion type, the market is bifurcated into pedal-assisted and throttle-assisted. Based on application, the market is classified into city/urban, trekking, and cargo, among others. On the basis of drive type, the market is divided belt drive and chain drive.
Based on battery type, the market is categorised into lead acid battery and lithium-ion battery. On the basis of region, the United States e-bike market segmentation includes New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States e-bike market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
As per the United States e-bike market analysis, trekking is anticipated to account for a significant share of the market. This growth can be attributed to the focus of the regional population on incorporating physical activities in their daily lives, owing to growing health concerns. The adaptability and flexibility offered by e-bikes is further bolstering their adoption for trekking adventures. These bikes allow the riders to adjust the level of assistance required, depending upon their energy levels and the difficulty of the terrain.
Lithium-ion batteries account for a significant United States e-bike market share owing to the declining prices of these batteries. The lightweight nature, high energy density, and longer lifespan of lithium-ion batteries are bolstering their adoption in e-bikes. They also offer lower self-discharge, high power to weight ratio, good temperature performance, and high energy efficiency, among others. Lithium-ion batteries are also preferred by individuals as most of their components can be recycled.
Cycling Sports Group, Inc. is one of the leading manufacturers and marketers of sporting goods including e-bikes, mountain bikes and garments, and apparel and accessories, among others. The company was founded in 1971 and is headquartered in Connecticut, United States.
Giant Manufacturing Co. Ltd. is one of the leading bicycle manufacturing companies and has manufacturing facilities in Hungary, Taiwan, the Netherlands, and China. The company was founded in 1972 and is headquartered in Taichung, Taiwan.
Pedego Inc. is a leading manufacturer, marketer, and distributor of electric bikes. The high quality and innovative “pedal or not” models include fat-tire bikes, tandems, cargo bikes, mountain bikes, and cruisers, among others.
Other key players in the US E-bike market include Yamaha Motor Corporation, Trek Bicycle Corporation, Specialized Bicycle Components, Inc., Rad Power Bikes Inc., Aventon, Rambo Bikes, and Blix Bicycle Inc., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Propulsion Type |
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Breakup by Application |
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Breakup by Drive Type |
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Breakup by Battery Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America E-Bike Market Overview
8.1 Key Industry Highlights
8.2 North America E-Bike Historical Market (2018-2023)
8.3 North America E-Bike Market Forecast (2024-2032)
8.4 North America E-Bike Market Breakup by Country
8.4.1 United States
8.4.2 Canada
9 United States E-Bike Market Overview
9.1 Key Industry Highlights
9.2 United States E-Bike Historical Market (2018-2023)
9.3 United States E-Bike Market Forecast (2024-2032)
10 United States E-Bike Market by Propulsion Type
10.1 Pedal-assisted
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Throttle-assisted
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 United States E-Bike Market by Application
11.1 City/Urban
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Trekking
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Cargo
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 United States E-Bike Market by Drive Type
12.1 Belt Drive
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Chain Drive
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 United States E-Bike Market by Battery Type
13.1 Lead Acid Battery
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Lithium-ion Battery
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 United States E-Bike Market by Region
14.1 New England
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Mideast
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Great Lakes
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Plains
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Southeast
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Southwest
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Rocky Mountain
14.7.1 Historical Trend (2018-2023)
14.7.2 Forecast Trend (2024-2032)
14.8 Far West
14.8.1 Historical Trend (2018-2023)
14.8.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Cycling Sports Group, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certification
16.2.2 Giant Manufacturing Co. Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certification
16.2.3 Pedego Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certification
16.2.4 Yamaha Motor Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certification
16.2.5 Trek Bicycle Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certification
16.2.6 Specialized Bicycle Components, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certification
16.2.7 Rad Power Bikes Inc.,
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certification
16.2.8 Aventon
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certification
16.2.9 Rambo Bikes
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certification
16.2.10 Blix Bicycle Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certification
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America E-Bike Market: Key Industry Highlights, 2018 and 2032
2. United States E-Bike Market: Key Industry Highlights, 2018 and 2032
3. United States E-Bike Historical Market: Breakup by Propulsion Type (USD Billion), 2018-2023
4. United States E-Bike Market Forecast: Breakup by Propulsion Type (USD Billion), 2024-2032
5. United States E-Bike Historical Market: Breakup by Application (USD Billion), 2018-2023
6. United States E-Bike Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. United States E-Bike Historical Market: Breakup by Drive Type (USD Billion), 2018-2023
8. United States E-Bike Market Forecast: Breakup by Drive Type (USD Billion), 2024-2032
9. United States E-Bike Historical Market: Breakup by Battery Type (USD Billion), 2018-2023
10. United States E-Bike Market Forecast: Breakup by Battery Type (USD Billion), 2024-2032
11. United States E-Bike Historical Market: Breakup by Region (USD Billion), 2018-2023
12. United States E-Bike Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. United States E-Bike Market Structure
The market reached a value of approximately USD 1.64 billion in 2023.
The market is projected to grow at a CAGR of 9.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3.95 billion by 2032.
The major market drivers include increased product adoption owing to growing environmental concerns and rising advancements and innovations in battery technologies.
The key trends fuelling the growth of the market include growing health consciousness among the population owing to increasing prevalence of various lifestyle related disorders and increasing investments by the government of the United States towards the construction of an adequate charging infrastructure.
The major regions in the US market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The applications of e-bikes include city/ urban, trekking, and cargo, among others.
The key players in the market are Cycling Sports Group, Inc., Giant Manufacturing Co. Ltd., Pedego Inc., Yamaha Motor Corporation, Trek Bicycle Corporation, Specialized Bicycle Components, Inc., Rad Power Bikes Inc., Aventon, Rambo Bikes, and Blix Bicycle Inc., among others.
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