
United States E-Bike Market Report and Forecast 2024-2032
Description
United States E-Bike Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the United States e-bike market reached a value of USD 1.64 billion in 2023. Aided by the confluence of technological advancements, environmental consciousness, and a growing appetite for alternative modes of transportation, the market is projected to further grow at a CAGR of 9.8% between 2024 and 2032 to reach a value of USD 3.95 billion by 2032.
E-bikes, or electric bicycles, combine traditional biking with electric motors, offering riders an assisted boost to cover longer distances, tackle challenging terrains, and reduce physical strain. This blend of convenience, sustainability, and fitness has positioned e-bikes as a versatile solution for commuters, enthusiasts, and everyone in between.
Several factors contribute to the United States e-bike market growth. Firstly, the increasing environmental awareness and the urgent need to reduce carbon emissions have propelled the adoption of e-bikes as a green alternative to motor vehicles. Additionally, the COVID-19 pandemic has accelerated the shift towards personal mobility devices, as people seek safer and socially distanced modes of transportation.
The technological evolution of e-bikes, including improvements in battery life, motor efficiency, and overall design, has significantly enhanced their appeal and usability. Modern e-bikes are not only more reliable but also come in various models catering to different needs, from urban commuting to off-road adventures.
According to the United States e-bike market analysis, the integration of smart technologies, such as GPS tracking and connectivity features, has elevated the e-bike riding experience, attracting a tech-savvy demographic looking for connected and interactive mobility solutions.
The regulatory framework for e-bikes in the United States is undergoing development, with efforts to standardise classifications and usage guidelines at the federal and state levels. These regulations are crucial for ensuring rider safety, promoting responsible use, and integrating e-bikes into the broader transportation ecosystem.
From a health perspective, e-bikes offer a compelling proposition, blending physical activity with the convenience of motor-assisted travel. This balance encourages more people to incorporate biking into their daily routines, contributing to public health and wellness.
Looking ahead, the United States e-bike market demand is poised for continued growth and innovation. The expansion of cycling infrastructure, such as dedicated bike lanes and trails, will play a significant role in supporting the adoption of e-bikes. Additionally, the advent of e-bike sharing programs presents an opportunity for wider accessibility and exposure to this mode of transportation.
Market Segmentation
The market can be divided based on propulsion type, application, drive type, battery type, and region.
Market Breakup by Platform Propulsion Type
- Pedal-assisted
- Throttle-assisted
- City/Urban
- Trekking
- Cargo
- Others
- Belt Drive
- Chain Drive
- Lead Acid Battery
- Lithium-ion Battery
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States e-bike market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
160 Pages
- 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
Pricing
Currency Rates
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