The North America Electric Bike Market would witness market growth of 11% CAGR during the forecast period (2020-2026). An electric bike contains an in-built electric motor, a battery, & a controller and these components play a crucial role in forwarding propulsion. It utilizes rechargeable batteries, and these batteries are of various capacities based on their size.
Electric bikes come in different formats such as peddle assist, throttle on demand, speed pedelecs, and electric moped or motorcycle. Some of the factors that would drive the growth of the electric bikes market are the supportive government initiatives for electric bikes and the formulation of strict laws regarding CO2 emission.
In addition, the market growth is supplemented by the growing consumer preference towards the utilization of e-bikes as an environment-friendly & effective option for commute and rising fuel costs. Moreover, the electric bike market would witness various growth avenues due to the increasing inclination towards cycling as fitness & recreational activity and development in cycling infrastructure & battery technology.
In recent years, the domain of e-bikes has witnessed various technological developments as these bikes are getting highly popular globally. One example of these developments is the connected e-bike, in which the SIM module feature allows the e-bike to send & receive information to & from the cloud without the need for a connected smartphone. Automatic emergency calls, social media connection, in-built navigation, remote diagnostics, & an anti-theft system are some of the prominent features of the connected e-bike. For example, SmartphoneHub by Bosch is capable of connecting electric bikes to a smartphone and help the riders before & after their journey.
The US market dominated the North America Mid-drive Electric Bike Market by Country in 2019, and would continue to be a dominant market till 2026. The Canada market is experiencing a CAGR of 14.2% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 13.2% during (2020 - 2026).
Based on Drive Mechanism, the market is segmented into Hub Motor, Mid-drive and Others. Based on Battery Type, the market is segmented into Lithium ion (Li-ion), Lead Acid and Others. Based on Product, the market is segmented into Scooter/Motorcycle, Pedelecs, Throttle on Demand and Speed Pedelecs. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Electric Bike Market in North America is expected to register a CAGR of 11% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accell Group, Mahindra & Mahindra Limited (Mahindra Group), Yamaha Motor Co., Ltd., Giant Manufacturing Co. Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., Derby Cycle AG (Pon Holdings B.V.), Fuji-ta Bicycle Co., Ltd., Trek Bicycle Corporation, Tianjin Golden Wheel Group Co., Ltd., and Wuxi Truckrun Motor Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Drive Mechanism
- Hub Motor
- Mid-drive
- Others
By Battery Type
- Lithium ion (Li-ion)
- Lead Acid
- Others
By Product
- Scooter/Motorcycle
- Pedelecs
- Throttle on Demand
- Speed Pedelecs
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Accell Group
- Mahindra & Mahindra Limited (Mahindra Group)
- Yamaha Motor Co., Ltd.
- Giant Manufacturing Co. Ltd.
- Jiangsu Xinri E-Vehicle Co., Ltd.
- Derby Cycle AG (Pon Holdings B.V.)
- Fuji-ta Bicycle Co., Ltd.
- Trek Bicycle Corporation
- Tianjin Golden Wheel Group Co., Ltd.
- Wuxi Truckrun Motor Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Electric Bike Market, by Drive Mechanism
1.4.2 North America Electric Bike Market, by Battery Type
1.4.3 North America Electric Bike Market, by Product
1.4.4 North America Electric Bike Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Electric Bike Market by Drive Mechanism
3.1 North America Hub Motor Electric Bike Market by Country
3.2 North America Mid-drive Electric Bike Market by Country
3.3 North America Others Electric Bike Market by Country
Chapter 4. North America Electric Bike Market by Battery Type
4.1 North America Lithium ion (Li-ion) Electric Bike Market by Country
4.2 North America Lead Acid Electric Bike Market by Country
4.3 North America Others Electric Bike Market by Country
Chapter 5. North America Electric Bike Market by Product
5.1 North America Scooter/Motorcycle Electric Bike Market by Country
5.2 North America Pedelecs Electric Bike Market by Country
5.3 North America Throttle on Demand Electric Bike Market by Country
5.4 North America Speed Pedelecs Electric Bike Market by Country
Chapter 6. North America Electric Bike Market by Country
6.1 US Electric Bike Market
6.1.1 US Electric Bike Market by Drive Mechanism
6.1.2 US Electric Bike Market by Battery Type
6.1.3 US Electric Bike Market by Product
6.2 Canada Electric Bike Market
6.2.1 Canada Electric Bike Market by Drive Mechanism
6.2.2 Canada Electric Bike Market by Battery Type
6.2.3 Canada Electric Bike Market by Product
6.3 Mexico Electric Bike Market
6.3.1 Mexico Electric Bike Market by Drive Mechanism
6.3.2 Mexico Electric Bike Market by Battery Type
6.3.3 Mexico Electric Bike Market by Product
6.4 Rest of North America Electric Bike Market
6.4.1 Rest of North America Electric Bike Market by Drive Mechanism
6.4.2 Rest of North America Electric Bike Market by Battery Type
6.4.3 Rest of North America Electric Bike Market by Product
Chapter 7. Company Profiles
7.1 Accell Group
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.2 Mahindra & Mahindra Limited (Mahindra Group)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.1 Recent strategies and developments:
7.2.1.1 Partnerships, Collaborations, and Agreements:
7.2.1.2 Product Launches and Product Expansions:
7.2.1.3 Acquisition and Mergers:
7.3 Yamaha Motor Co., Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.4 Giant Manufacturing Co. Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Research & Development Expense
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.5 Jiangsu Xinri E-Vehicle Co., Ltd.
7.5.1 Company Overview
7.6 Derby Cycle AG (Pon Holdings B.V.)
7.6.1 Company Overview
7.7 Fuji-ta Bicycle Co., Ltd.
7.7.1 Company Overview
7.8 Trek Bicycle Corporation
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Acquisition and Mergers:
7.8.2.2 Partnerships, Collaborations, and Agreements:
7.9 Tianjin Golden Wheel Group Co., Ltd.
7.9.1 Company Overview
7.10. Wuxi Truckrun Motor Co., Ltd.
7.10.1 Company Overview
TABLE 1 North America Electric Bike Market, 2016 - 2019, USD Million
TABLE 2 North America Electric Bike Market, 2020 - 2026, USD Million
TABLE 3 North America Electric Bike Market by Drive Mechanism, 2016 - 2019, USD Million
TABLE 4 North America Electric Bike Market by Drive Mechanism, 2020 - 2026, USD Million
TABLE 5 North America Hub Motor Electric Bike Market by Country, 2016 - 2019, USD Million
TABLE 6 North America Hub Motor Electric Bike Market by Country, 2020 - 2026, USD Million
TABLE 7 North America Mid-drive Electric Bike Market by Country, 2016 - 2019, USD Million
TABLE 8 North America Mid-drive Electric Bike Market by Country, 2020 - 2026, USD Million
TABLE 9 North America Others Electric Bike Market by Country, 2016 - 2019, USD Million
TABLE 10 North America Others Electric Bike Market by Country, 2020 - 2026, USD Million
TABLE 11 North America Electric Bike Market by Battery Type, 2016 - 2019, USD Million
TABLE 12 North America Electric Bike Market by Battery Type, 2020 - 2026, USD Million
TABLE 13 North America Lithium ion (Li-ion) Electric Bike Market by Country, 2016 - 2019, USD Million
TABLE 14 North America Lithium ion (Li-ion) Electric Bike Market by Country, 2020 - 2026, USD Million
TABLE 15 North America Lead Acid Electric Bike Market by Country, 2016 - 2019, USD Million
TABLE 16 North America Lead Acid Electric Bike Market by Country, 2020 - 2026, USD Million
TABLE 17 North America Others Electric Bike Market by Country, 2016 - 2019, USD Million
TABLE 18 North America Others Electric Bike Market by Country, 2020 - 2026, USD Million
TABLE 19 North America Electric Bike Market by Product, 2016 - 2019, USD Million
TABLE 20 North America Electric Bike Market by Product, 2020 - 2026, USD Million
TABLE 21 North America Scooter/Motorcycle Electric Bike Market by Country, 2016 - 2019, USD Million
TABLE 22 North America Scooter/Motorcycle Electric Bike Market by Country, 2020 - 2026, USD Million
TABLE 23 North America Pedelecs Electric Bike Market by Country, 2016 - 2019, USD Million
TABLE 24 North America Pedelecs Electric Bike Market by Country, 2020 - 2026, USD Million
TABLE 25 North America Throttle on Demand Electric Bike Market by Country, 2016 - 2019, USD Million
TABLE 26 North America Throttle on Demand Electric Bike Market by Country, 2020 - 2026, USD Million
TABLE 27 North America Speed Pedelecs Electric Bike Market by Country, 2016 - 2019, USD Million
TABLE 28 North America Speed Pedelecs Electric Bike Market by Country, 2020 - 2026, USD Million
TABLE 29 North America Electric Bike Market by Country, 2016 - 2019, USD Million
TABLE 30 North America Electric Bike Market by Country, 2020 - 2026, USD Million
TABLE 31 US Electric Bike Market, 2016 - 2019, USD Million
TABLE 32 US Electric Bike Market, 2020 - 2026, USD Million
TABLE 33 US Electric Bike Market by Drive Mechanism, 2016 - 2019, USD Million
TABLE 34 US Electric Bike Market by Drive Mechanism, 2020 - 2026, USD Million
TABLE 35 US Electric Bike Market by Battery Type, 2016 - 2019, USD Million
TABLE 36 US Electric Bike Market by Battery Type, 2020 - 2026, USD Million
TABLE 37 US Electric Bike Market by Product, 2016 - 2019, USD Million
TABLE 38 US Electric Bike Market by Product, 2020 - 2026, USD Million
TABLE 39 Canada Electric Bike Market, 2016 - 2019, USD Million
TABLE 40 Canada Electric Bike Market, 2020 - 2026, USD Million
TABLE 41 Canada Electric Bike Market by Drive Mechanism, 2016 - 2019, USD Million
TABLE 42 Canada Electric Bike Market by Drive Mechanism, 2020 - 2026, USD Million
TABLE 43 Canada Electric Bike Market by Battery Type, 2016 - 2019, USD Million
TABLE 44 Canada Electric Bike Market by Battery Type, 2020 - 2026, USD Million
TABLE 45 Canada Electric Bike Market by Product, 2016 - 2019, USD Million
TABLE 46 Canada Electric Bike Market by Product, 2020 - 2026, USD Million
TABLE 47 Mexico Electric Bike Market, 2016 - 2019, USD Million
TABLE 48 Mexico Electric Bike Market, 2020 - 2026, USD Million
TABLE 49 Mexico Electric Bike Market by Drive Mechanism, 2016 - 2019, USD Million
TABLE 50 Mexico Electric Bike Market by Drive Mechanism, 2020 - 2026, USD Million
TABLE 51 Mexico Electric Bike Market by Battery Type, 2016 - 2019, USD Million
TABLE 52 Mexico Electric Bike Market by Battery Type, 2020 - 2026, USD Million
TABLE 53 Mexico Electric Bike Market by Product, 2016 - 2019, USD Million
TABLE 54 Mexico Electric Bike Market by Product, 2020 - 2026, USD Million
TABLE 55 Rest of North America Electric Bike Market, 2016 - 2019, USD Million
TABLE 56 Rest of North America Electric Bike Market, 2020 - 2026, USD Million
TABLE 57 Rest of North America Electric Bike Market by Drive Mechanism, 2016 - 2019, USD Million
TABLE 58 Rest of North America Electric Bike Market by Drive Mechanism, 2020 - 2026, USD Million
TABLE 59 Rest of North America Electric Bike Market by Battery Type, 2016 - 2019, USD Million
TABLE 60 Rest of North America Electric Bike Market by Battery Type, 2020 - 2026, USD Million
TABLE 61 Rest of North America Electric Bike Market by Product, 2016 - 2019, USD Million
TABLE 62 Rest of North America Electric Bike Market by Product, 2020 - 2026, USD Million
TABLE 63 key information – Accell Group
TABLE 64 key Information – Mahindra & Mahindra Limited
TABLE 65 Key Information – Yamaha Motor Co., Ltd.
TABLE 66 Key Information – Giant Manufacturing Co. Ltd.
TABLE 67 Key Information – Jiangsu Xinri E-Vehicle Co., Ltd.
TABLE 68 Key Information – Derby Cycle AG
TABLE 69 Key Information – Fuji-ta Bicycle Co., Ltd.
TABLE 70 key information – Trek Bicycle Corporation
TABLE 71 Key Information – Tianjin Golden Wheel Group Co., Ltd.
TABLE 72 Key Information – Wuxi Truckrun Motor Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Accell Group
FIG 3 Recent strategies and developments: Mahindra & Mahindra Limited
FIG 4 Recent strategies and developments: Trek Bicycle Corporation