Automotive Industry Today

United States E-Bike Market to Grow at 10.3% CAGR by 2032| IMARC Group

The United States e-bike market size reached US$ 943.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,338.0 Million by 2032, exhibiting a growth rate (CAGR) of 10.3% during 2024-2032.
Published 30 April 2024

The latest report by IMARC Group, titled “United States E-Bike Market Report by Mode (Throttle, Pedal Assist), Motor Type (Hub Motor, Mid Drive, and Others), Battery Type (Lead Acid, Lithium Ion, Nickel-Metal Hydride (NiMH), and Others), Class (Class I, Class II, Class III), Design (Foldable, Non-Foldable), Application (Mountain/Trekking Bikes, City/Urban, Cargo, and Others), and Region 2024-2032” The study provides a detailed analysis of the industry, including the United States E-Bike market share, size, trends, price, growth, and forecasts. The market size is projected to exhibit a growth rate (CAGR) of 10.3% during 2024-2032.

United States E-Bike Market Trends:

An electric bike, commonly known as an e-bike, integrates an electric motor with a bicycle to offer motorized assistance to the rider. This feature can be activated through pedaling or a throttle. E-bikes are designed using advanced technology that includes a rechargeable battery, which typically provides a range of 25 to 50 miles per charge, depending on the mode and power usage. There are various types of e-bikes available, ranging from those that offer a small motor to assist the rider's pedal-power to more powerful models that are closer to moped-style functionality. The key components of an e-bike include the motor, battery, controller, and drivetrain, all integrated seamlessly to enhance the riding experience with less effort compared to a traditional bicycle. This integration makes cycling more accessible to people of various ages and abilities and also provides a sustainable and efficient mode of transportation. The versatility and eco-friendly nature of e-bikes make them suitable for commuting, leisure rides, or even more rugged outdoor activities, which contribute significantly to their rising popularity.

The United States e-bike market is experiencing robust growth, driven by environmental concerns, increasing awareness of health and fitness, and the rising cost of fuel which is pushing consumers toward more sustainable and cost-effective commuting options. E-bikes are seen as an alternative to conventional transportation and as a way to reduce traffic congestion and lower carbon emissions in urban settings. Additionally, advancements in battery technology and electric motor efficiency have led to longer ranges and more reliable e-bikes, which appeal to a broader consumer base. The market is further supported by favorable government policies, including subsidies and infrastructure development, that encourage e-bike usage.

Another trend influencing the market is the growing interest in outdoor recreational activities, where e-bikes are being used to explore trails and parks. Retail and rental services are also expanding, making e-bikes more accessible to the public. Moreover, the COVID-19 pandemic has accelerated the adoption of e-bikes as people seek socially-distanced modes of transport. These market drivers, coupled with ongoing innovations in e-bike technology and design, are poised to propel the growth of the e-bike market in the United States, making it a significant player in the transportation and mobility sector.

For an in-depth analysis, you can request the sample copy of the market report: https://www.imarcgroup.com/united-states-e-bike-market/requestsample

United States E-Bike Market Segmentation:

Breakup by Mode:

  • Throttle
  • Pedal Assist

Breakup by Motor Type:

  • Hub Motor
  • Mid Drive
  • Others

Breakup by Battery Type:

  • Lead Acid
  • Lithium Ion
  • Nickel-Metal Hydride (NiMH)
  • Others

Breakup by Class:

  • Class I
  • Class II
  • Class III

Breakup by Design:

  • Foldable
  • Non-Foldable

Breakup by Application:

  • Mountain/Trekking Bikes
  • City/Urban
  • Cargo
  • Others

Breakup by Region:

  • Northeast
  • Midwest
  • South
  • West

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=2678&flag=C

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