United States E-Bike Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

United States E-Bike Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2678
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Market Overview:

The United States e-bike market size reached US$ 847.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,626.1 Million by 2028, exhibiting a growth rate (CAGR) of 11.79% during 2023-2028.

E-bikes, also known as electronic bikes, are battery-powered bicycles that consist of an electric motor, battery and a drivetrain. These bikes make use of lead-acid batteries, which help in covering long distances with a single charge. Their utilization is often associated with reduced risk of stress and depression while providing cardiovascular fitness, muscle strength, and flexibility to users.

The United States represents one of the largest markets for e-bikes worldwide. The market is primarily driven by improvements in lithium-ion battery technology, pricing, and power. Along with this, there has been a rising need for fuel-efficient vehicles, backed by increasing concerns for carbon and greenhouse gas (GHG) emissions. This has shifted the consumer’s preferences from gasoline-powered cars to zero-emission vehicles such as e-bikes. Consequently, the major e-bike manufacturers in the country are launching innovative product models, which are gaining traction among individuals. Additionally, rising demand from the tourism industry has bolstered the growth of the market as tourists are opting for e-bikes as a self-driving alternative to explore local areas. This offers them an economical and effortless riding experience, which, in turn, is creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States e-bike market reports, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on mode, motor type, battery type, class, design and application.

Breakup by Mode:

  • Throttle
  • Pedal Assist

Breakup by Motor Type:

  • Hub Motor
  • Mid Drive
  • Others

Breakup by Battery Type:

  • Lead Acid
  • Lithium Ion
  • Nickel-Metal Hydride (NiMH)
  • Others

Breakup by Class:

  • Class I
  • Class II
  • Class III

Breakup by Design:

  • Foldable
  • Non-Foldable

Breakup by Application:

  • Mountain/Trekking Bikes
  • City/Urban
  • Cargo
  • Others

Breakup by Region:

  • Northeast
  • Midwest
  • South
  • West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Million
Segment Coverage Mode, Motor Type, Battery Type, Class, Design, Application, Region
Region Covered  Northeast, Midwest, South, West 
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The United States e-bike market was valued at US$ 847.5 Million in 2022.

We expect the United States e-bike market to exhibit a CAGR of 11.79% during 2023-2028.

The increasing consumer concerns towards the elevating levels of carbon emissions, along with the continuous advancements in fuel-efficient and zero-emission vehicles, are primarily driving the United States e-bike market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous manufacturing units for e-bikes.

Based on the mode, the United States e-bike market can be segmented into throttle and pedal assist, where throttle holds the largest market share.

Based on the motor type, the United States e-bike market has been divided into hub motor, mid drive, and others. Among these, hub motor currently exhibits a clear dominance in the market.

Based on the battery type, the United States e-bike market can be categorized into lead acid, lithium ion, Nickel-Metal Hydride (NiMH), and others. Currently, lithium ion accounts for the majority of the total market share.

Based on the class, the United States e-bike market has been segregated into class I, class II, and class III. Among these, class I currently exhibits a clear dominance in the market.

Based on the application, the United States e-bike market can be bifurcated into mountain/trekking bikes, city/urban, cargo, and others. Currently, city/urban holds the largest market share.

On a regional level, the market has been classified into Northeast, Midwest, South, and West.

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United States E-Bike Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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