Electric Bicycle Market Size

  • Report ID: 2501
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Electric Bicycle Market Size

Electric Bicycle Market size was over USD 34.46 billion in 2024 and is projected to reach USD 121.81 billion by 2037, witnessing around 10.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of electric bicycle is assessed at USD 37.45 billion.

Increasing awareness towards rising pollution levels and the increasing global warming worldwide, along with the necessity to lead a fit and healthier lifestyle are some of the significant factors boosting the market growth. Additionally, these bikes act as a cheap alternative to bimotored vehicles. Driven by these prominent features along with favorable government regulations for permitting e-bikes as a means of public transport.


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Author Credits:  Saima Khursheed


  • Report ID: 2501
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of electric bicycle is assessed at USD 37.45 billion.

Electric Bicycle Market size was over USD 34.46 billion in 2024 and is projected to reach USD 121.81 billion by 2037, witnessing around 10.2% CAGR during the forecast period i.e., between 2025-2037.

Europe industry is set to dominate majority revenue share by 2037, propelled by presence of a developed infrastructure for cycling as well as for the presence of the cycling culture amongst the individuals in the region.

The major players in the market are Giant Manufacturing Co. Ltd., AIMA Technology Co. Ltd., Yadea Technology Group Co., Ltd., Karbon Kinetics Ltd., Italjet S.P.A., Mahindra Group (GenZe), Pedego Electric Bikes, Riese and Müller GmbH, A2B, Beistegui Hermanos (BH Bikes), Benno® Bikes LLC, Bignay Inc., and others.
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