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

Canada's vast and diverse geographical landscapes contribute to the dynamic nature of the e-bike market. From sprawling urban centers to picturesque rural areas, e-bikes find a place in various terrains and environments across the country. Whether it's commuting through city streets, exploring scenic trails, or navigating hilly landscapes, the Canadian e-bike market caters to a wide range of riding experiences. E-bikes play a vital role in urban commuting and addressing last-mile connectivity challenges in Canadian cities. With the increasing need for efficient and sustainable transportation options, e-bikes offer a practical solution for navigating congested urban areas. They enable riders to bypass traffic, reduce commuting time, and contribute to alleviating the strain on existing transportation infrastructure. Canada's love for outdoor recreation is deeply embedded in the e-bike market. E-bikes provide an exciting and accessible means of exploring the country's stunning landscapes, national parks, and recreational trails. From leisurely rides along scenic coastal routes to thrilling off-road adventures in mountainous regions, e-bikes open up a world of outdoor recreational opportunities for Canadians. In Canada's colder regions, the e-bike market showcases adaptability to winter riding conditions. With modifications such as studded tires, weather-resistant components, and advanced battery technology, e-bikes in Canada are designed to withstand snowy and icy conditions. Winter riding options extend the e-bike season and provide a unique and exhilarating experience for riders. The Canadian government recognizes the benefits of e-bikes and has implemented supportive policies and incentives. Provincial and municipal governments offer grants, rebates, and tax incentives to encourage the adoption of e-bikes and promote sustainable transportation. These initiatives contribute to making e-bikes more accessible and affordable for Canadian consumers.

According to the research report "Canada Electric Bicycle (E-Bikes) Market Overview, 2029," published by Bonafide Research, the Canada Electric Bicycle (E-Bikes) market is anticipated to grow at more than 3.78% CAGR from 2024 to 2029. E-bikes have sparked a revolution in urban commuting in Canada. With congested city streets and limited parking options, e-bikes offer a practical and eco-friendly alternative. They allow riders to navigate through traffic, shorten commuting times, and reduce their carbon footprint. E-bikes provide an efficient solution to the challenges of urban mobility. Canadians are known for embracing winter sports and activities, and the e-bike market is no exception. Many e-bike models in Canada are designed to handle winter conditions with features such as studded tires, weatherproof components, and robust battery performance in cold temperatures. This adaptability has opened up opportunities for year-round e-bike riding in Canada, even in snowy and icy conditions. Canada is renowned for its breathtaking landscapes and scenic routes. The e-bike market benefits from the diverse and picturesque riding opportunities available across the country. From coastal routes to mountain trails and scenic countryside paths, e-bikers in Canada can explore stunning natural beauty and enjoy unforgettable riding experiences. Canada has become a popular destination for bicycle tourism, and e-bikes play a significant role in this trend. Tourists from around the world visit Canada to embark on e-bike adventures, exploring the country's national parks, vibrant cities, and charming towns. E-bike rentals, guided tours, and e-bike-friendly accommodations have flourished, catering to the growing demand for bicycle tourism experiences.

The Canadian e-bike market is characterized by two primary propulsion types: pedal assist and throttle. Pedal assist systems, which activate the motor only when the rider pedals, are particularly popular among cyclists seeking a more traditional biking experience enhanced by electric support. Conversely, throttle systems allow riders to engage the motor without pedaling, providing immediate acceleration. Within this framework, the classification of e-bikes further delineates their functionality. Class 1 e-bikes, which utilize pedal assist, are leading in their segment due to their compliance with regulations that promote cycling as a sustainable mode of transport. These bikes assist the rider up to a maximum speed of 20 mph without a throttle, making them ideal for urban commuting and recreational use. Class 2 e-bikes feature throttle-on-demand capabilities, appealing to those who prefer a more effortless riding experience but are less prevalent in comparison to Class 1 models. On the other hand, Class 3 e-bikes, known as speed pedelecs, offer higher speeds and are designed for faster commutes but may have restrictions in certain areas.

The e-bike market in Canada is significantly influenced by various battery types, including lithium-ion, lead-acid, and others. Lithium-ion batteries are particularly important due to their high energy density, efficiency, and lightweight characteristics, which enable longer rides without the worry of range anxiety. This makes them a preferred choice for urban commuters and recreational cyclists alike, enhancing the overall appeal of e-bikes as a sustainable transportation option. Lead-acid batteries, while heavier and less efficient, still play a role in making e-bikes more affordable for entry-level consumers. The presence of alternative battery types also fosters innovation and competition within the market, allowing manufacturers to explore diverse solutions tailored to different consumer needs.

The Canadian e-bike market is significantly influenced by various applications, including city/urban, trekking, cargo, and others. Among these, urban and trekking applications hold major shares due to the increasing urbanization and outdoor recreational activities in the country. The growing emphasis on sustainable transportation solutions in cities like Toronto and Vancouver has led to a surge in demand for e-bikes as a practical commuting option, facilitating efficient travel while reducing carbon emissions. Additionally, the popularity of trekking and e-mountain bikes reflects Canadians' affinity for outdoor adventures, with many seeking eco-friendly ways to enjoy nature. This trend is supported by government initiatives promoting cycling infrastructure and recreational areas, further enhancing the appeal of e-bikes for both commuting and leisure.



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: Canada
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Canada 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