Canada Electric Bicycle (e-bike) Market Overview, 2027

"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 report, ""Canada Electric Bicycle Market Overview, 2027"", published by Bonafide Research, the market is projected to expand at a significant growth rate during the forecast period. 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 government has shown support for e-bikes through various initiatives and incentives. Provincial and municipal governments offer grants, rebates, and tax credits to promote e-bike adoption and sustainability. This support has played a crucial role in making e-bikes more accessible and affordable for Canadians. Canada is committed to sustainable transportation solutions, and e-bikes are a key part of this vision. The e-bike market aligns with Canada's efforts to reduce greenhouse gas emissions and promote eco-friendly transportation options. E-bikes contribute to creating cleaner and greener cities while offering a convenient mode of transportation. The e-Bike market is witnessing a lot of technological advancements for more optimized and reliable products. The connected e-Bike is one such advancement, wherein the SIM module enables the eBike to send and receive data to and from the cloud without a connected smartphone. The connected e-bikes provide advanced features like emergency calls, integrated navigation, social media connection, an anti-theft system, and remote diagnostics, which attract a larger customer base. Therefore, the trend for connected e-Bikes would create an opportunity for the e-Bike market to develop and grow during the forecast period. Consumer preference for e-bikes as an eco-friendly and efficient mode of transportation, rising fuel costs, and increased interest in cycling as a fitness and recreational activity across the country are expected to drive market growth. Furthermore, improvement in biking infrastructure and battery technology is expected to offer lucrative opportunities for the electric bike market's growth. According to the report, the Canada electric bicycle (E-bike) market is segmented into two propulsion types, including pedal assist and throttle. Among these types, the pedal assist segment occupied a major portion of the market share in 2021 and is expected to continue growing during the forecast period. The higher market growth is attributed to its better battery life, lower servicing needs, and the ability for users to choose from three to five modes of pedal-assist depending on the model. However, the throttle segment is anticipated to exhibit a higher CAGR during the forecast period. Factors such as decreased pedaling effort in scenarios such as accelerating up a hill or cruising will drive the growth of this segment. Further, the market is segmented into three class types, including Class 1: Pedal Assist, Class 2: Throttle On Demand, and Class 3: Speed Pedelec. Class 1 e-bikes had the highest market revenue share in 2021 and are expected to maintain their dominance in the coming years. The rising demand for pedelecs because of their health assistance along with power assistance within the range of 25 kph that does not have any regulation on its driving is likely to propel the growth of class 1 e-bikes. Furthermore, based on the application, the city/urban segment is anticipated to dominate the market during the upcoming timeframe. 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: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 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

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Manmayi Raval

Research Consultant

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."

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