USA Electric Bicycle (E-Bikes) Market Overview, 2029

The US electric bicycle market has a rich history of pioneering innovation. From advancements in battery technology to cutting-edge motor systems and smart connectivity features, US e-bike manufacturers have been at the forefront of pushing the boundaries of e-bike technology. The market continuously embraces new technologies and designs that redefine the e-bike experience. Sustainability is deeply ingrained in the US electric bicycle market. As environmental consciousness grows, e-bikes offer a sustainable transportation solution that reduces carbon emissions and minimizes the ecological footprint. The market reflects a commitment to eco-friendly mobility options and aligns with the broader sustainable lifestyle choices embraced by many Americans. E-bikes have become an integral part of urban lifestyles and commuting solutions in the US. With traffic congestion in cities and the need for efficient transportation, e-bikes offer a practical and eco-friendly alternative. They allow riders to navigate city streets effortlessly, bypassing traffic jams and reaching their destinations quicker, while promoting a healthier and more sustainable urban environment. The US, known for its vast and diverse landscapes, fuels a deep enthusiasm for outdoor adventures. E-bikes have revolutionized the outdoor adventure scene, enabling riders to explore rugged terrains, conquer mountains, and traverse trails with greater ease. The US market showcases a wide range of e-bikes designed specifically for off-road adventures, catering to the thrill-seeking and nature-loving spirit of outdoor enthusiasts. The US electric bicycle market emphasizes fitness and wellness. E-bikes allow riders to engage in physical activity while enjoying the benefits of assisted pedalling, making cycling accessible to individuals of varying fitness levels. With the market offering a range of models designed for leisurely rides or intense workouts, e-bikes encourage a healthier and more active lifestyle.

According to the research report "United States (US) Electric Bicycle (E-Bikes) Market Overview, 2029," published by Bonafide Research, the United States (US) Electric Bicycle (E-Bikes) market is anticipated to grow at more than 12.58% CAGR from 2024 to 2029. Factors such as inclination towards healthy lifestyles, a growing fitness trend, and increasing preference for recreational activities, specifically among youth, are expected to supplement the growth of the electric bike market throughout the forecast period. Furthermore, government regulations encouraging the use of e-bikes, increased R&D investment, the growing trend of all-terrain e-bikes for commuting and recreational activities in remote areas are expected to create several lucrative opportunities in the United States (US) electric bike market in the coming years. Further, the decrease in the cost of Li-ion batteries is driving the e-bike market. The increase in the use of e-bikes in the automotive sector has provided Li-ion battery manufacturers with economies of scale, decreasing the cost of Li-ion batteries and making them viable for use in e-bikes. As a result, the adoption of Li-ion batteries has increased in e-bikes, particularly by bike-sharing firms.

The USA e-bikes market is structured around Propulsion and Class Type segments, both key to understanding consumer preferences and regulatory considerations. Under Propulsion Type, e-bikes are categorized into Pedal Assist and Throttle. Pedal Assist e-bikes, which enhance the rider’s pedaling efforts, lead this segment due to their user-friendly design and alignment with regulations across various states, making them a popular choice for daily commuting and recreational use. Conversely, Throttle e-bikes provide motor power on demand, catering to riders seeking an effortless experience or quick acceleration, though they are subject to more regulatory limitations. In the Class Type segment, e-bikes are divided into Class 1, Class 2, and Class 3. Class 1, limited to Pedal Assist functionality and capped at moderate speeds, stands out as the preferred option due to its wide legal acceptance and suitability for most bike paths and trails. Class 2 offers throttle-based power on demand, allowing riders to engage motor assistance without pedaling, while Class 3, known as Speed Pedelec, permits higher speeds with Pedal Assist only, primarily targeting experienced riders looking for faster commuting options. The preference for Class 1 e-bikes and Pedal Assist systems illustrates the market’s leaning towards versatility and safety, balancing rider control with regulatory compliance, making them dominant choices in their respective segments.

In the USA e-bike market, the Battery Type segment plays a crucial role in determining the performance, range, and overall appeal of electric bikes. Lithium-Ion batteries are widely recognized for their efficiency, lightweight design, and longer lifespan, making them a preferred choice for many e-bike manufacturers and consumers. These batteries enable e-bikes to achieve longer distances on a single charge, providing a more reliable and convenient solution for daily commuters and recreational riders. Lead-Acid batteries, while heavier and less efficient compared to Lithium-Ion, are still relevant due to their lower cost and suitability for specific applications where budget considerations are a priority. Additionally, other types of batteries, such as lithium polymer or solid-state, are emerging as alternatives, offering potential benefits in terms of energy density and safety. Each battery type has its significance in the market, contributing to a diverse range of e-bikes that cater to varying consumer needs and preferences across the United States.

In the USA e-bike market, the application segment is diverse, with key categories including City/Urban, Trekking (E-mountain Bikes/e-MTB), Cargo, and Others (Speed e-bikes, Foldable, Fat Bicycle). Urban and Trekking e-bikes hold the major share in the market due to the growing demand for eco-friendly commuting solutions and recreational activities. In urban areas, e-bikes offer a convenient and efficient way to navigate congested cities, reducing traffic and pollution, while catering to consumers seeking an alternative to traditional transportation. Trekking e-bikes, including e-MTBs, are also popular due to the increasing interest in outdoor activities, adventure tourism, and fitness, particularly in regions with accessible nature trails and national parks. The demand for Cargo e-bikes is rising with the growth of e-commerce and last-mile delivery, but it remains smaller in comparison. The "Others" category, which includes niche products like speed e-bikes and foldable models, contributes to a diverse but more specialized market segment.



COVID-19 Impacts:
The COVID-19 outbreak has given a huge boost to the electric bike market. As people have become more cautious and with public transport taking a backseat even after the lifting of lockdowns, electric bikes have turned out to be the preferred choice of transport because it's fast, easy to ride, cheap and safe. The government restrictions and lockdowns during the first quarter of 2020 dampened the sale of e-Bikes as the stores were closed, and the commute was allowed for only essential services. However, after removing all impositions due to increased vaccination drives, things have started to normalize with the opening of offices and all other regular activity stores globally, which has again increased the regular travel scenario of commuters. The electric bike market is estimated to observe a huge boost in sales post-COVID-19 during the forecast period.

Considered in this report
• Geography: United States (US)
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• United States (US) Electric Bicycle (E-Bikes) market with its value and forecast along with its segments
• Various divers and challenges
• Ongoing trends and developments
• Five force models
• Top profiled companies
• Strategic recommendation

Segment covered in the report
By Propulsion Type
• Pedal Assist
• Throttle

By Class Type
• Class 1: Pedal Assist
• Class 2: Throttle On Demand
• Class 3: Speed Pedelec

By Battery Type
• Lithium-Ion Battery
• Lead-Acid Battery
• Others

By Application
• City/Urban
• Trekking (E-mountain Bikes/e-MTB)
• Cargo
• Others (Speed e-bikes, Foldable, Fat Bicycle)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing the government- generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have verified the details obtained from secondary sources.

Intended audience:
This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to electric bicycle products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry