United States E-Bike Market Analysis Report 2023-2028

According to the latest report by IMARC Group, titled, “United States E-Bike Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the United States e-bike market size reached US$ 847.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,626.1 Million by 2028, exhibiting a growth rate (CAGR) of 11.79% during 2023-2028.

E-bikes, also called electronic bikes, are battery-powered bicycles comprising an electric motor, battery, and a drivetrain. These bikes primarily use lead-acid batteries that enable them to cover long distances on a single charge. They promote cardiovascular fitness, muscle strength, and flexibility to users and reduce stress and depression. Furthermore, e-bikes have emerged as an ecologically sustainable mode of transportation as they help in reducing the carbon emissions. 

In the United States, the rising consumer concerns towards the depletion of conventional fossil fuels and soaring fuel prices are primarily driving the demand for e-bikes. Furthermore, the implementation of favorable regulations by the U.S. Environmental Protection Agency (EPA) for reducing carbon emission levels from fuel-based vehicles has also propelled the market growth. Additionally, several regional companies are emphasizing on the integration of e-bikes with numerous advanced technologies, such as Internet-of-Things, GPS, AI, etc., which have led to numerous product innovations. The introduction of smart e-bikes that are wirelessly connected to numerous software applications for displaying bike speed, battery status, power levels, and distance covered, will continue to further catalyze the market growth in the U.S.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

The report has segmented the market on the basis of Mode, Motor Type, Battery Type, Class, Design, Application and Region.

Throttle

Pedal Assist

 

Hub Motor

Mid Drive

Others

 

Lead Acid

Lithium Ion

Nickel-Metal Hydride (NiMH)

Others

 

Class I

Class II

Class III

 

Foldable

Non-Foldable

 

Mountain/Trekking Bikes

City/Urban

Cargo

Others

 

Northeast

Midwest

South

West

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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