United States E-Bike Market Report and Forecast 2024-2032

United States E-Bike Market Size

The United States e-bike market 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.

Key Trends in the Market

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.

• Increasing environment consciousness among the population is supporting the United States e-bike market growth. Due to the rising awareness about various negative effects associated with the utilisation of vehicles operating on traditional fuels, the demand for e-bikes is increasing in the United States.

• Rising advancements and innovations in battery technologies, including the development of batteries with less charging time, are providing lucrative growth opportunities to the market. These innovations also include manufacture of e-bikes with enhanced efficiency and performance.

• The growing health consciousness among the population owing to increasing prevalence of various lifestyle-related diseases and disorders is boosting the market expansion in the United States. Such concerns are encouraging individuals to adopt different physical activities, including biking.

• Increased investment by the government of the United States towards the construction of an adequate charging infrastructure to promote the adoption of electric bikes is bolstering the United States e-bike market demand. Such investments and initiatives are expected to enhance the convenience of the riders and increase the product popularity.

United States E-bikes Market Segmentation

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.

• 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 

• Blix Bicycle Inc. 

• Others

United States E-bikes Market Share by Application

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.

United States E-bikes Market Share by Battery Type

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.

Competitive Landscape

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.

Key Highlights of the Report