Top E-Bike Companies

The e-bike market has expanded much faster than any other industry because more people seek green methods of transportation, cities grow, and governments make funds available to encourage the public toward clean transportation. Even many governments fund programs that reduce carbon footprints through electric bikes, cars, and other forms of transportation. Bike-friendly Road construction facilitates the travel of people using more environmentally friendly means. Some developments in battery technology, especially lithium-ion batteries with high energy density and longevity and faster recharge time, make e-bikes work more effectively. Among the most recent battery chemistries that becoming increasingly popular is lithium-iron phosphate (LFP), which is safe and durable. So, the market is growing. This page will land though the major drivers and trends that companies are adopting in the e-bike market.

Industry Overview

According to SkyQuest Technology “E-Bike Market By Class (Class I, Class II, and Class III) By Speed (Up to 25 Km/h and 25-45 Km/h), By Battery Type, By Motor Type, By Mode, By Component, By Usage, By Ownership, By Battery Capacity, By Motor Weight, By Drive System, By Region - Industry Forecast 2025-2032,” the part of class III is growing the fastest. The growth of this segment is driven by the increased desire for faster means of getting around cities, mostly from working professionals and delivery services.

Top 10 Global E-Bike Companies

1. Giant Manufacturing Co. Ltd.

Founded in the year 1972, Giant Manufacturing has its headquarters in Taichung, Taiwan and is among the largest manufacturers of bicycles and e-bikes in the world.   The approximate sales of the company were around US$2.24 billion in the year 2014.   Some of its components have high end brand names underneath CADEX, including Giant, Liv, and Momentum. GIANT is famous for creating modern performance bike concepts and light frames, inclusive of electric mobility solutions that incorporate lithium-ion and LFP technologies.   Really, the company cuts a significant swathe in terms of retail and dealerships as well as providing OEM services.   Giant aims to ally sustainability with technology to propel bike riding in the world.

2. Trek Bicycle Corporation

The American company that produces bicycles as well as e-bikes is known as Trek Bicycle Corporation and was established in 1976. Its headquarters is located in Waterloo, Wisconsin. In 2024, it registered revenues of approximately US$1.0 billion. Trek manufactures countless bicycles that span categories such as road, mountain, hybrid, gravel, and electric. It also has accessories sold under the Electra and Bontrager brands. Trek is known for making extremely strong and fast bikes. When it comes to e-bikes, the company invests quite a bit in research, carbon frame development, and battery integration. Trek has gained fame from not only its bikes that are cutting-edge but also its community service work. These products encourage leisure, sustainability, and healthier lifestyles by producing high-quality goods for enthusiastic amateurs and professional riders with a global dealer and distributor network.

3. Accell Group N.V.

Founded in 1998, Accell Group is based in Heerenveen, Netherlands, and has several brands in the bikes and e-bikes markets across Europe. Group sales in 2024 came down to approximately US$1.09 billion compared to the previous year. Most of the names within this group are Raleigh, Babboe, Koga, Batavus, and Haibike manufactured e-bikes, mountain bikes, city bikes, and cargo bikes. Besides that, Accell also sells bike accessories for recreation and professional cyclists. The company prides itself on innovative electric transport solutions that help families and urban mobility. Even with all that goes against Accell from the market point of view, it yet is the leading player in sustainable mobility in Europe.

 4. Yamaha Motor Co. Ltd.

Yamaha Motor Co., Ltd. is a world leader in motorcycles, marine engines, and mobility solutions. It was founded in 1955, and its headquarters are in the city of Iwata, Shizuoka, Japan. In 2024, total sales of the company reached $17.8 billion. The company mainly manufactures two-wheelers but also keeps an eye on Smart Powers Vehicle market opportunities by promoting electric cycles along with drive units for e-bike systems. Presently, e-bike makers of various brands from all over the world depend on Yamaha's technology: compact e-drive kits, advanced battery systems, and super-efficient electric motors for a variety of electric vehicles. At the forefront of clean transport today is Yamaha, with projects revolving around the modernization of more dependable and green solutions aimed at displacing conventional transport systems.

5. Yadea Technology Group Co., Ltd.

Yadea is the largest global producer of electric 2-wheeled vehicles, based in Wuxi, China. Sales for Yadea amounted to around 4.0 billion USD in 2024, which was down from last year due to market forces and regulation changes. Yadea sells motorcycles, scooters, and electric bikes in all 100 countries. Yadea focuses on urban commuters with modern lithium batteries, smart connectivity, and stylish designs. Their use of modern manufacturing and energy-efficient technologies along with the ability to quickly change following regulations, has kept Yadea a key player in the e-bike and e-vehicle market globally.

6. Riese & Müller

The luxury e-bikes and cargo bikes made by Riese & Müller are among the most recognized worldwide.  The company was established in 1996, and it is located in Mühltal, near Darmstadt, in Germany.  Innovation, engineering comfort, and craftsmanship are foremost in its industry.  By 2024, it is set to earn between $75 million to $100 million.  All these products are advanced in suspension and security features-their high-end pedelecs, folding bicycles, and urban E-bikes. Riese & Müller has become synonymous with craftsmanship, and it's probably the most eminent name in Germany. The company produces high-quality bicycles for sophisticated, discerning cyclists and encourages sustainable transportation use. German-made bicycles and their new range of pedal-assisted electric (e-bikes) bicycles have put the company on the map as one of Europe's pioneers in the rising premium e-bike market due to a commitment to design, safety, and making the mobility experience within urban landscapes far less cumbersome.

7. Merida Industry Co. Ltd.

Merida Industry is a major world player in bike and e-bike manufacturing.  It is headquartered in Yuanlin, Taiwan, and was established in 1972.  Judging by their anticipated revenue of approximately US920 million in 2024, the company is evidently in a steady growth phase.  The Merida Company supplies mountain, road, and electric bicycles under that name on the OEM market. Its fame is mostly on frame technology advancements, investments in carbon fiber, and battery integration efforts for e-bikes; however, it is even well-acclaimed for its performance and intelligence because of the professional cycling teams with whom they closely work.  Worldwide marketing of the products brings along support for sports and initiatives that create sustainable urban mobility.

8. Specialized Bicycle Components Inc.

Specialized was founded in 1974 and is based in Morgan Hill, California. It produces some of the finest e-bikes and high-performance bicycles. Sales are expected to be around US$500 million in 2024. Specialized's fame rests upon being the first to make carbon frames and cutting-edge e-bike technologies for road and mountain biking. Besides e-bikes, the company also sells clothes and accessories, mountain, gravel, road, kids' and commuter bikes. Performance-oriented Specialized targets serious riders and enthusiasts. It has a large international reach, consistently shaping riding culture and pushing for rider safety, sustainability, and new transport technologies.

9. Leebike

Based in Yuyao, Zhejiang Province, Leebike is a Chinese firm manufacturing electric bicycles, scooters, and conversion kits.  It was established in 2005.  Taking into consideration the type of product, the company's annual export income ranges from US$10,000 to US$1 million.  Its main business stream is providing ODM/OEM services to customers worldwide.  It is generally believed that Leebike could manufacture about 100,000 e-bikes each year, with folding, city, and mountain types being the most popular ones.  The company is placing considerable emphasis on CE, EN15194, RoHS, and other international standards and their certifications.  By focusing on the mid-to-premium market segments, the emerging reputation of Leebike exists in Europe, North America, and Asia.  The company provides trustworthy and affordable e-mobility solutions worldwide.

10. Five SRL

Five SRL was founded in 2014 and is headquartered in Bologna, Italy. The total sales exceeded € 6.8 million (around US$ 7.4 million) in 2021. Although data for 2024 are not fully available, sales have been steadily growing in the years thereafter. Five SRL builds and assembles electric mobility products, and e-bikes, keeping environment-friendly urban mobility, and the Italian spirit of design in mind. The company offers cargo solutions, city e-bikes, and product offerings targeting the European market.  Innovation, energy efficiency, and made in Italy represent its manufacturing ethic.  Within the clean mobility ecosystem in Italy, it is a small but rising player.

Other Leading Global E-Bike Companies

• Daymak
• Juiced Bikes
• Rad Power Bikes
• Haibike
• Scott Sports SA
• Canyon Bicycles GmbH
• DYNEM
• Hero Lectro (Hero Cycles Limited) (India)
• Polygon Bikes
• Tern

Conclusion

Numerous companies from all types, locations, and sectors of the world are influencing the global e-bike market at present. Notable brands with significant global influence and muscle in the sector include Giant Manufacturing, Merida, and Trek. Other notable brands include Yamaha and Accell Group, both varied mobility leaders with technology and extensive product range and then Specialized and Riese & Müller companies focused on performance and design.  Leaders like Yadea are leading manufacturers in the electric two-wheel mobility sector, supporting more people to adopt these types of products; while newer entrants like Leebike and Five SRL are bringing unique design concepts to market. Collectively, they are disrupting the mode of transportation by making bicycles and e-bikes increasingly widespread and traction all at increased pace.  More mobility options for people, and smarter and cleaner economies.