United States E-Bike Market to Grow at 10.3% During 2024-2032, Propelled by the Introduction of Innovative Product Models

November 25, 2020 | Automotive Industry

According to the recent report by IMARC Group, titled “United States E-Bike Market Report by Mode (Throttle, Pedal Assist), Motor Type (Hub Motor, Mid Drive, and Others), Battery Type (Lead Acid, Lithium Ion, Nickel-Metal Hydride (NiMH), and Others), Class (Class I, Class II, Class III), Design (Foldable, Non-Foldable), Application (Mountain/Trekking Bikes, City/Urban, Cargo, and Others), and Region 2024-2032,” the United States e-bike market is expected to exhibit a CAGR of 10.3% during 2024-2032. An e-bike, also referred to as an electronic bicycle, is a standard bicycle with an electric motor, a drivetrain, and a battery. It can run on rechargeable batteries and can be moved through pedaling. E-bikes majorly use lead-acid batteries, which aid users to cover long distances with a single charge. As these bikes are simple to operate and convenient for all age groups, they have gained immense popularity in the United States. Moreover, as cycling helps in building muscle strength, reducing the risk of stress, and improving cardiovascular fitness, e-bikes are attracting health-conscious individuals as well.

United States E-Bike Market Trends:

One of the major factors propelling the sales of e-bikes in the United States is the rising concerns regarding environmental pollution. E-bikes are eco-friendly and economical alternatives to other means of transportation, which have resulted in their increased demand in the country. Along with this, improvements in lithium-ion battery technology and pricing have made a great impact on the shift from gasoline-powered vehicles to zero-emission vehicles like e-bikes. Moreover, the rising trend of exploring local areas while riding an e-bike at your own pace has increased their demand in the tourism industry, which, in turn, is providing a thrust to the market growth. Furthermore, advancements in the local e-bike manufacturing companies in the United States are creating a positive outlook for the market. As most of the e-bikes in the country are usually imported from Asian factories, increasing local production is anticipated to bolster the economy. In addition to this, the introduction of advanced product models by manufacturers will attract a larger consumer base.

Market Summary:

Based on the mode, the market has been bifurcated into throttle and pedal assist segments.
On the basis of the motor type, the market has been divided into mid drive, hub motor, and others.
Based on the battery type, the market has been classified into lead acid, nickel-metal hydride (NiMH), lithium ion, and others.
On the basis of the class, the market has been segmented into Class I, II, and III.
Based on the design, the market has been categorized into foldable and non-foldable segments.
On the basis of the application, the market has been segregated into city/urban, mountain/trekking bikes, cargo, and others.
Region-wise, the market has been divided into South, West, Northeast, and Midwest.
The competitive landscape of the market has been analyzed in the report with the detailed profiles of the key players operating in the market.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
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$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
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Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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United States E-Bike Market to Grow at 10.3% During 2024-2032, Propelled by the Introduction of Innovative Product Models

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