Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Electric Bike Market size is projected to increase from USD 50.57 billion in 2024 to USD 277.75 billion by 2037, witnessing a CAGR of over 14% throughout the forecast timeline, between 2025 and 2037. Currently in 2025, the industry revenue of electric bike is assessed at USD 55.53 billion.
The growth of the market is primarily attributed to the rising trend of adopting zero emission transportation mode across the globe. For instance, worldwide sales of medium- and heavy-duty commercial vehicles are expected to exceed 3 million units per year by 2030, representing a compound annual growth rate of 2%. 1.2 million vehicles are anticipated to be sold in China, 510,000 in the United States, and nearly 400,030 in Europe.
Electric bikes are a popular, versatile, and ecofriendly mode of transportation. Customers perceive them as a viable alternative to scooters, smart cars, and public transportation. These bikes are simple to operate, suitable for people of all ages, and a low-cost option for eco-friendly transportation. Consumer’s traction for electric bike and government led various initiative and regulations are boosting up the growth of the e-bike market over the forecast period. For instance, the Indian government has established a number of EV Subsidy Programs and launched FAME (Faster Adoption and Manufacturing of Electric Vehicles), which has aided in accelerating the penetration of electric scooter and motorcycles on Indian roads.
Electric Bike Sector: Growth Drivers and Challenges
Growth Drivers
- Worldwide Increasing Air Pollution - Air pollution is the release of contaminants into the atmosphere that are harmful to human health and the environment on a global scale. The health issue caused by air pollution has mostly gone unnoticed for many years. According to the World Bank statistics, pollution is responsible for over 11 million premature deaths worldwide. But now from government to individuals are more concerned regarding the planet’s air quality. Thus, various kind of initiatives and electric vehicles adoption have started to regulate the air pollution level.
- Expansion in Motor Fuel Prices – As per the data provided by the Bureau of Transportation Statistics, in the United States, regular motor gasoline prices increased by 49% from January to June 2022, while diesel fuel prices increased by a slightly higher rate of 55%.
- Upsurge in Traffic Congestion - In 2021, worldwide congestion level was reached around 11%.
- Enhanced Energy Efficiency Compared with Other Vehicles - In a study, electric bikes were discovered to be more energy efficient. The energy use was around 7.3 ± 3.0 kW h 100 km-1 for electric bikes vs. 57 ± 15 kW h 100 km-1 for motorcycles and 36 ± 9 kW h 100 km-1 for buses.
- Increasing Urbanization - As per the World Bank, currently, more than 50% of the world's population resides in cities. The number of people living in urban areas is estimated to upsurge more than double to 6 billion by 2045.
Challenges
- High Cost of Electric Bikes
- Lack of Good Road Network
- Lack of Infrastructure in Emerging Nations
Electric Bike Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
14% |
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Base Year Market Size (2024) |
USD 50.57 billion |
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Forecast Year Market Size (2037) |
USD 277.75 billion |
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Regional Scope |
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Electric Bike Segmentation
Battery Type (Lithium-Ion, Lithium-Ion Polymer, Nickel Metal Hydride, Lead Acid, Sealed Lead Acid)
The global e-bike market is segmented and analyzed for demand and supply by battery type into lithium-ion, lithium-ion polymer, nickel metal hydride, lead acid, sealed lead acid, and others. Out of these, the lithium-ion segment is expected to significantly grow over the forecast period owing to the superior quality of lithium-ion battery chemistry, efficient and fast charging, good battery life, zero maintenance requirements, and ease of portability. For instance, compared to the average lead acid battery's 86% efficiency, lithium batteries charge with a nearly 100% efficiency.
Our in-depth analysis of the global market includes the following segments:
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By Product |
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By Battery Type |
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By Hub Motor Location |
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By Battery Power |
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By Usage |
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Customize this ReportElectric Bike Industry - Regional Synopsis
Regionally, the global electric bike market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2037 backed by the rising introduction of advanced technologies, significantly growing stances of traffic congestion, upsurge in carbon emission regulations, and growing urbanization in the region. For instance, in 2021, Mumbai's congestion level was accounted nearly 54%, which represents that it took 54% longer time to get from one point to another than in a free flow scenario. In comparison, the congestion level in Wellington and Singapore was reached nearly 28% in 2021.
Companies Dominating the Electric Bike Landscape
- Accell Group
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- FOCUS & Kalkhoff Holding GmbH
- Giant Manufacturing Co., Ltd.
- Energica Motor Company S.p.A.
- DOUZE Factory SAS
- PEDEGO INC
- Robert Bosch LLC
- Johammer e-mobility GmbH
- Karbon Kinetics Ltd.
- Kawasaki Motors Corp., U.S.A.
In the News
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PEDEGO INC released a brand new model to their lineup of electric bikes. With simple and electric features, the new Pedego Avenue offers a contemporary, minimalist design. With its minimalist styling, entry-level pricing, and versatility, Pedego Avenue rounds out the company's ebike product line.
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Robert Bosch LLC’s new eBike alarm function significantly enhances safety and protection by making the parking of eBikes even more secure using the smart system. Aside from the mechanical lock, the new eBike Alarm provides more comprehensive security against theft. It allows the eBike to be parked more carefree.
Author Credits: Saima Khursheed
- Report ID: 4436
- Published Date: Mar 21, 2025
- Report Format: PDF, PPT
