NORTH AMERICA E-BIKE MARKET 2022-2028

Automotive & Transportation | Automotive Technologies

NORTH AMERICA E-BIKE MARKET 2022-2028

Market by Product, Drive Mechanism, Application, Battery, Power, and Country Outlook | Forecast 2022-2028

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Triton Market Research’s report has concluded that the e-bike market in North America is likely to grow with CAGRs of 10.34% and 10.89%, by revenue and volume, respectively, over the estimated duration from 2022 to 2028.


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The countries scrutinized in this region include:

•         The United States

•         Canada

The prime driving factor of the e-bike market in the region is the government support offered in the form of subsidies or tax benefits such as tax rebates. The government of Canada is encouraging the adoption of zero-emission vehicles (ZEVs). For this, it is also developing a national strategy as a step toward reducing the effects of GHG emissions.

Low traffic congestion and an enhanced focus on travel & recreational activities are some of the key factors driving the market growth in the United States. The retailers are also focusing on youth living in big cities. They prefer to commute by bike instead of a car, avoiding the inconveniences and responsibilities accompanying car ownership, such as insurance, parking, gas, licensing, and overall maintenance costs. Thus, based on the aforementioned developments, the market is expected to witness growth in the coming years.

Some of the factors driving the market in Canada are the rising demand for e-bikes by older, yet active users, a rise in recreational travel & activities, and rising demand among youth. In addition, to improve e-bike sales, generate awareness among the public, and provide an improved experience, Revolution Cycle in Alberta’s Edmonton city started the Pedelec Bicycle Tour. Such initiatives are expected to drive the adoption of electric bikes in the Canadian market.

Above 250 W e-bikes are most suitable for use in hilly or off-road areas, compared to flat terrains. The power range available in this segment has been analyzed further as 350 W-500 W; 750 W-1,000 W, and 1,500+ W. The e-bikes in this range run at a speed of nearly 32 kmph; 45 kmph; and 60 kmph; respectively. With the increasing demand for recreational activities like off-road cycling, the demand for above 250 W e-mountain bikes is expected to rise over the forecast period.

The studied report assesses the market’s growth based on application, battery, power, products, and drive mechanism. Here, the power segment comprises less than & equal to 250 W and above 250 W.

Key players operating in the e-bike market include Accell Group, Trek Bicycle Corporation, Silence Urban Ecomobility, Yadea Group Holdings Ltd, Riese & Müller, Fuji-ta Bicycle Co Ltd, Brose Fahrzeugteile SE & Co KG, Derby Cycle, Vanmoof, Robert Bosch GmbH, Golden Wheel Group, and Giant Manufacturing Co Ltd.

Giant Manufacturing Co Ltd is primarily engaged in manufacturing and distributing bicycles and related accessories. Its bicycle products consist of road bicycles, race bicycles, mountain bicycles, urban bicycles, touring bicycles, folding bicycles, sports bicycles, women’s & children’s bicycles, as well as electric bicycles, among others.

Roam E+, Road e-+ Pro, Explore E+, and Stance E+ are some of its key electric bicycles. The company distributes its products in North America, among other regions. The company has shown strong financial performance in recent years, owing to increased production capacity, higher market penetration, and the construction of new facilities.

 

Key deliverables of the report:

·       Market CAGR during the forecasting years 2022-2028

·       Detailed data highlighting key insights, industry components, and market strategies

·      Comprehensive information and estimation of the e-bike market revenue growth in North America and its influence on the parent market

·       In-depth study of forthcoming trends in consumer behavioral patterns

·       A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Analysis

·       A wide-ranging study of factors that will challenge the North America e-bike market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here

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Table of Content

1. NORTH AMERICA E-BIKE MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. KEY INSIGHTS

2.1.1. INCREASED INVESTMENTS IN BICYCLING INFRASTRUCTURE & BATTERY TECHNOLOGY

2.1.2. GROWING AFFORDABILITY DUE TO THE E-BIKE SHARING SYSTEM

2.1.3. CYCLING AS A FITNESS TREND IS ON THE RISE

2.2. IMPACT OF COVID-19 ON THE E-BIKE MARKET

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. CONTRACTS & PARTNERSHIPS

2.6.2. BUSINESS EXPANSIONS & DIVESTITURES

2.6.3. ACQUISITIONS & MERGERS

2.6.4. NEW PRODUCT LAUNCHES & INVESTMENTS

2.7. MARKET DRIVERS

2.7.1. INCREASED DEMAND FOR ECO-FRIENDLY TRANSPORTATION

2.7.2. FAVORABLE GOVERNMENT INCENTIVES

2.7.3. INCREASED PREFERENCE FOR E-BIKES

2.8. MARKET CHALLENGES

2.8.1. HIGH COST OF E-BIKES AND PRODUCT RECALLS

2.8.2. PROBLEMS RELATED TO DISTRIBUTION

2.9. MARKET OPPORTUNITIES

2.9.1. INCREASED USAGE OF E-BIKES FOR DELIVERY SERVICES

2.9.2. E-BIKES AS A SOLUTION TO RISING FUEL PRICES

3. NORTH AMERICA E-BIKE MARKET – BY PRODUCT

3.1. PEDELECS

3.2. THROTTLE ON DEMAND

3.3. SCOOTERS

3.4. MOTORCYCLES

4. NORTH AMERICA E-BIKE MARKET – BY DRIVE MECHANISM

4.1. HUB MOTOR

4.2. MID-DRIVE

5. NORTH AMERICA E-BIKE MARKET – BY APPLICATION

5.1. CITY/URBAN

5.2. TREKKING

5.3. CARGO

6. NORTH AMERICA E-BIKE MARKET – BY BATTERY

6.1. LITHIUM-ION

6.2. LEAD-ACID

7. NORTH AMERICA E-BIKE MARKET – BY POWER

7.1. LESS THAN & EQUAL TO 250 W

7.2. ABOVE 250 W

8. NORTH AMERICA E-BIKE MARKET – COUNTRY OUTLOOK

8.1. NORTH AMERICA

8.1.1. TOP 5 PLAYERS IN NORTH AMERICA

8.1.2. COUNTRY ANALYSIS

8.1.2.1. THE UNITED STATES

8.1.2.1.1. REGULATIONS & INCENTIVES FOR THE E-BIKE MARKET IN THE UNITED STATES

8.1.2.2. CANADA

8.1.2.2.1. REGULATIONS & INCENTIVES FOR THE E-BIKE MARKET IN CANADA

9. COMPETITIVE LANDSCAPE

9.1. ACCELL GROUP

9.2. BMZ GMBH

9.3. BROSE FAHRZEUGTEILE SE & CO KG

9.4. DERBY CYCLE

9.5. FUJI-TA BICYCLE CO LTD

9.6. GIANT MANUFACTURING CO LTD

9.7. JIANGSU XINRI E-VEHICLE CO LTD

9.8. LG CHEM

9.9. PANASONIC CORPORATION

9.10. ROBERT BOSCH GMBH

9.11. SAMSUNG SDI CO LTD

9.12. SHIMANO INC

9.13. GOLDEN WHEEL GROUP

9.14. TREK BICYCLE CORPORATION

9.15. QWIC

9.16. VANMOOF

9.17. STROMER

9.18. RIESE & MÜLLER

9.19. YADEA GROUP HOLDINGS LTD

9.20. NIU INTERNATIONAL

9.21. SILENCE URBAN ECOMOBILITY

9.22. HERO ELECTRIC

9.23. VMOTO LIMITED

10. METHODOLOGY & SCOPE

10.1. RESEARCH SCOPE & DELIVERABLES

10.2. SOURCES OF DATA

10.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: NORTH AMERICA E-BIKE MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: NORTH AMERICA E-BIKE MARKET, COUNTRY OUTLOOK, 2022-2028 (IN THOUSAND UNITS)

TABLE 3: MARKET ATTRACTIVENESS INDEX

TABLE 4: VENDOR SCORECARD

TABLE 5: LIST OF CONTRACTS & PARTNERSHIPS

TABLE 6: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

TABLE 7: LIST OF ACQUISITIONS & MERGERS

TABLE 8: LIST OF NEW PRODUCT LAUNCHES & INVESTMENTS

TABLE 9: NORTH AMERICA E-BIKE MARKET, BY PRODUCT, 2022-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA E-BIKE MARKET, BY DRIVE MECHANISM, 2022-2028 (IN $ MILLION)

TABLE 11: NORTH AMERICA E-BIKE MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 12: NORTH AMERICA E-BIKE MARKET, BY BATTERY, 2022-2028 (IN $ MILLION)

TABLE 13: NORTH AMERICA E-BIKE MARKET, BY POWER, 2022-2028 (IN $ MILLION)

TABLE 14: TOP 5 PLAYERS IN NORTH AMERICA

TABLE 15: NORTH AMERICA E-BIKE MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 16: NORTH AMERICA E-BIKE MARKET, COUNTRY OUTLOOK, 2022-2028 (IN THOUSAND UNITS)

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: NORTH AMERICA E-BIKE MARKET, BY PRODUCT, 2021 (AVERAGE PRICE: $/UNIT)

FIGURE 3: NORTH AMERICA E-BIKE MARKET, BY PRODUCT, 2021 & 2028 (IN %)

FIGURE 4: NORTH AMERICA E-BIKE MARKET, BY PEDELECS, 2022-2028 (IN $ MILLION)

FIGURE 5: NORTH AMERICA E-BIKE MARKET, BY THROTTLE ON DEMAND, 2022-2028 (IN $ MILLION)

FIGURE 6: NORTH AMERICA E-BIKE MARKET, BY SCOOTERS, 2022-2028 (IN $ MILLION)

FIGURE 7: NORTH AMERICA E-BIKE MARKET, BY MOTORCYCLES, 2022-2028 (IN $ MILLION)

FIGURE 8: NORTH AMERICA E-BIKE MARKET, BY DRIVE MECHANISM, 2021 & 2028 (IN %)

FIGURE 9: NORTH AMERICA E-BIKE MARKET, BY HUB MOTOR, 2022-2028 (IN $ MILLION)

FIGURE 10: NORTH AMERICA E-BIKE MARKET, BY MID-DRIVE, 2022-2028 (IN $ MILLION)

FIGURE 11: NORTH AMERICA E-BIKE MARKET, BY APPLICATION, 2021 & 2028 (IN %)

FIGURE 12: NORTH AMERICA E-BIKE MARKET, BY CITY/URBAN, 2022-2028 (IN $ MILLION)

FIGURE 13: NORTH AMERICA E-BIKE MARKET, BY TREKKING, 2022-2028 (IN $ MILLION)

FIGURE 14: NORTH AMERICA E-BIKE MARKET, BY CARGO, 2022-2028 (IN $ MILLION)

FIGURE 15: NORTH AMERICA E-BIKE MARKET, BY BATTERY, 2021 & 2028 (IN %)

FIGURE 16: NORTH AMERICA E-BIKE MARKET, BY LITHIUM-ION, 2022-2028 (IN $ MILLION)

FIGURE 17: NORTH AMERICA E-BIKE MARKET, BY LEAD ACID, 2022-2028 (IN $ MILLION)

FIGURE 18: NORTH AMERICA E-BIKE MARKET, BY POWER, 2021 & 2028 (IN %)

FIGURE 19: NORTH AMERICA E-BIKE MARKET, BY LESS THAN & EQUAL TO 250 W, 2022-2028 (IN $ MILLION)

FIGURE 20: NORTH AMERICA E-BIKE MARKET, BY ABOVE 250 W, 2022-2028 (IN $ MILLION)

FIGURE 21: THE UNITED STATES E-BIKE MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: CANADA E-BIKE MARKET 2022-2028 (IN $ MILLION)

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