Electric Bike Market Size, Share, Growth Analysis, By Class (CLASS I, CLASS II), By Speed Type (UP TO 25 KM/H, 25-45 KM/H), By Battery Type (Lithium-ion Polymer, Lead Acid), By Motor Type (Mid Motor, Hub Motor), By Region-Industry Forecast 2024-2031

Global Electric Bike Market size was valued at USD 43.05 billion in 2022 and is poised to grow from USD 46.02 billion in 2023 to USD 78.48 billion by 2031, growing at a CAGR of 6.9% during the forecast period (2024-2031). 

Details about each company are provided in the electric bike (e-bike) market competitive landscape. Details include an overview of the business, financial information, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product introduction, product breadth, and application dominance. 'Accell Group N.V. (Netherlands) ', 'Giant Manufacturing Co. Ltd. (Taiwan) ', 'Yadea Group Holdings Ltd. (China) ', 'Yamaha Motor Company (Japan) ', 'Pedego Electric Bikes (United States) ', 'Pon.Bike (Netherlands) ', 'Aima Technology Group Co. Ltd. (China) ', 'Merida Industry Co. Ltd. (Taiwan) ', 'Trek Bicycle Corporation (United States) ', 'Specialized Bicycle Components, Inc. (United States) ', 'Hero Lectro E-Cycles (India) ', 'Fuji-Ta Bicycle Co., Ltd (Japan) ', 'Electric Bike Company (Status Unknown) ', 'Rad Power Bikes LLC (United States) ', 'Vanmoof (Netherlands) ', 'BH Bikes (Spain) ', 'Brompton Bicycle Limited (United Kingdom) ', 'Riese & Muller GMBH (Germany) ', 'Mystromer AG (Germany) ', 'Cowboy (Belgium) ', 'eAdicct Mobility Solutions Pvt.Ltd. (India)'

With growing environmental concerns, consumers are increasingly looking for greener modes of transportation. Electric bikes are eco-friendly as they emit low or zero emissions, making them an attractive alternative to gasoline-powered vehicles.

Electric mountain bikes (eMTBs) are gaining significant traction among outdoor enthusiasts. These bikes combine the thrill of traditional mountain biking with the power and range of electric assistance, enabling riders to explore more challenging terrains and enjoy longer rides. The growing popularity of eMTBs can be attributed to factors such as increased accessibility, improved battery technology, and a desire for more adventurous outdoor experiences. 

During the forecast period, Europe is anticipated to generate USD 25 billion at a CAGR of 10.9%. In Europe, electric bikes are becoming more and more popular as people choose them for commuting, recreation, and sports. The European government and environmental authorities are enacting strict emission rules and laws in response to growing environmental concerns, which is driving up demand for electric bikes across the continent.