Battery Electric Bike Sales

Battery Electric Bike Sales Market Outlook

The global electric bike market is projected to reach USD 40 billion by 2035, growing at a compound annual growth rate (CAGR) of 8% during the forecast period. This growth can be attributed to a surge in demand for eco-friendly transportation solutions, increasing urbanization, and rising fuel prices. Furthermore, government initiatives promoting sustainable commuting options and the development of charging infrastructure have bolstered market expansion. Additionally, advancements in battery technology and the growing popularity of biking as a recreational activity are expected to fuel demand. With the rising awareness of health and environmental benefits associated with electric bikes, the market is poised for significant growth in the coming years.

Growth Factor of the Market

The electric bike market is experiencing remarkable growth driven by a combination of consumer demand and technological advancements. The increasing focus on sustainable transportation solutions has led to a heightened interest in electric bikes as an alternative to traditional vehicles. Additionally, urban areas are witnessing growing traffic congestion, prompting commuters to seek efficient and practical modes of transportation. Health-conscious consumers are gravitating towards electric bikes, as they offer a way to incorporate physical activity into daily routines while enjoying the benefits of pedaling assistance. Furthermore, government incentives and subsidies aimed at promoting electric mobility have significantly boosted market penetration. As the range and efficiency of electric bikes improve with innovations in battery technology, more consumers are likely to invest in these eco-friendly vehicles.

Key Highlights of the Market

• Projected growth of the global electric bike market to USD 40 billion by 2035.
• 8% CAGR expected during the forecast period of 2025-2035.
• Rising urbanization and fuel prices driving demand for electric bikes.
• Government initiatives promoting sustainable commuting options.
• Advancements in battery technology enhancing the performance and range of electric bikes.

By Product Type

Pedal Assist Electric Bikes:

Pedal assist electric bikes, also known as pedelecs, are designed to provide assistance to riders while pedaling. These bikes utilize sensors to detect the rider's pedaling speed and force, adjusting the electric motor's output accordingly. This type of electric bike allows for a natural cycling experience while reducing the effort required, making it an ideal choice for commuters and recreational users alike. The growing trend towards health-conscious commuting has led to increased adoption of pedal assist models, appealing to individuals looking for an efficient means of transportation that also promotes physical activity. With advancements in sensor technology and battery systems, pedal assist electric bikes are becoming more responsive and user-friendly, further driving their market popularity.

Throttle Electric Bikes:

Throttle electric bikes offer a unique mode of operation, allowing riders to engage the motor with a simple throttle mechanism without the need to pedal. This feature makes them particularly appealing for individuals who may not be accustomed to biking or those with physical limitations. Throttle bikes are perfect for short trips, providing a convenient mode of transportation for errands or leisurely rides. The ease of use and instant power delivery make these bikes popular among urban commuters, contributing significantly to the growth of the electric bike market. As cities look to reduce congestion and promote alternative transport solutions, throttle electric bikes are expected to see a surge in demand.

Speed Pedelec Electric Bikes:

Speed pedelec electric bikes represent a high-performance segment within the electric bike market, capable of reaching speeds of up to 28 mph. These bikes are equipped with powerful motors and battery systems that enable quick acceleration and extended range, appealing to enthusiastic riders who seek a faster and more exhilarating biking experience. Speed pedelecs are particularly popular among commuters looking to cover longer distances in a shorter amount of time while enjoying the benefits of cycling. As more people seek efficient solutions to urban transportation challenges, the demand for speed pedelecs is expected to increase, contributing to the overall growth of the electric bike market.

Folding Electric Bikes:

Folding electric bikes offer a compact and convenient solution for urban commuters who may need to balance their biking with public transport or limited storage space. These bikes can be easily folded and carried onto buses or trains, making them a practical choice for individuals living in densely populated cities. Their lightweight design and portability make them attractive for users who want the flexibility to switch between biking and other forms of transport. The growing trend toward “last-mile” solutions, where individuals seek efficient ways to complete their journeys, has positioned folding electric bikes as a key player in the electric bike market. As more urban dwellers prioritize convenience and adaptability in their commuting options, the demand for folding electric bikes is expected to rise.

Cargo Electric Bikes:

Cargo electric bikes are designed to carry heavy loads, making them ideal for deliveries, shopping trips, or transporting children. With robust frames and powerful motors, these bikes can handle significant weight while maintaining performance. The versatility of cargo electric bikes makes them a popular choice for businesses looking to reduce their carbon footprint and operational costs. Moreover, as e-commerce continues to grow, the demand for efficient and environmentally friendly delivery solutions is expected to rise, driving the popularity of cargo electric bikes. Their ability to navigate urban environments efficiently while minimizing the impact on traffic congestion positions them as a crucial component of the electric bike market.

By Application

Commute:

The commuting segment represents a significant portion of the electric bike market, driven by the increasing need for efficient transportation solutions in urban areas. Electric bikes offer a practical alternative to traditional car commuting, reducing travel time and alleviating traffic congestion. Many commuters are opting for electric bikes as a means of reducing their environmental impact while enjoying the benefits of cycling. The convenience of electric bikes, combined with government incentives promoting eco-friendly transportation, has led to a surge in their adoption for daily commuting. As cities continue to invest in biking infrastructure, the commuting segment of the electric bike market is expected to experience robust growth.

Fitness:

Fitness-oriented electric bikes are gaining popularity among health-conscious individuals looking to incorporate physical activity into their daily routines. These bikes allow users to customize their level of effort, making it easier for individuals of varying fitness levels to ride comfortably. The appeal of fitness electric bikes lies in their ability to provide a workout while still offering assistance when needed. Many fitness enthusiasts are discovering the joy of biking as a low-impact exercise option, contributing to the overall growth of this application segment. As awareness of health and wellness continues to rise, the fitness application of electric bikes is expected to attract a growing number of users.

Mountain Biking:

The mountain biking application of electric bikes offers riders the opportunity to explore rugged terrains with enhanced power and control. Electric mountain bikes (e-MTBs) are designed with robust components and powerful motors, enabling riders to tackle challenging trails with ease. This segment is appealing to outdoor enthusiasts seeking new adventures while enjoying the benefits of electric assistance. The growing popularity of outdoor activities and adventure tourism is driving demand for electric mountain bikes, as more riders look for innovative ways to enhance their biking experience. As manufacturers continue to improve technology and performance, the electric mountain biking segment of the market is expected to see significant growth.

Delivery Services:

Electric bikes have emerged as a vital tool for delivery services, providing an efficient and eco-friendly solution for businesses. The ability to transport goods quickly while minimizing environmental impact has made electric bikes a preferred option for last-mile delivery. Companies are increasingly adopting electric bikes to navigate urban areas, reducing delivery times and operational costs. As e-commerce continues to thrive, the demand for electric bikes in delivery services is expected to rise, positioning this application segment for substantial growth. The combination of convenience, speed, and sustainability makes electric bikes an attractive solution for the logistics sector.

Others:

In addition to the primary applications mentioned, electric bikes are increasingly being utilized for a variety of other purposes. These include recreational riding, tourism, and even specialized uses in sectors such as agriculture or surveillance. The versatility of electric bikes allows them to cater to a broad range of user needs, making them a valuable asset in various contexts. As more consumers recognize the benefits of electric bikes beyond traditional commuting or fitness, the "others" segment is likely to witness growth. This diversification of applications enhances the overall appeal of electric bikes, contributing to their widespread acceptance.

By Distribution Channel

Online Retail:

Online retail has become a dominant distribution channel for electric bikes, providing consumers with a convenient shopping experience. With the rise of e-commerce, many customers prefer researching and purchasing electric bikes from the comfort of their homes. Online platforms offer a wide range of models and brands, allowing consumers to compare features and prices easily. Furthermore, the availability of customer reviews and detailed product descriptions enhances the purchasing decision-making process. The convenience of doorstep delivery has further fueled the growth of online retail for electric bikes, making this distribution channel a crucial player in the market. As internet penetration continues to rise globally, online retail is expected to maintain its stronghold in the electric bike market.

Specialty Stores:

Specialty stores that focus on bicycles and electric mobility provide consumers with personalized shopping experiences and expert advice. These stores often feature a curated selection of electric bikes, allowing customers to test ride different models and receive guidance from knowledgeable staff. The hands-on experience and personalized attention offered by specialty stores enhance consumer confidence in their purchases. Additionally, these stores often provide after-sales services, such as maintenance and repairs, which can further attract consumers. The growing trend of supporting local businesses is also contributing to the popularity of specialty stores in the electric bike market, positioning them as a vital distribution channel.

Hypermarkets/Supermarkets:

The presence of electric bikes in hypermarkets and supermarkets is increasing as these retailers expand their product offerings to cater to consumer demand. These larger retail outlets often leverage their extensive reach and convenience to attract customers looking for electric bikes. The ability to view and compare multiple models in one location makes hypermarkets an appealing choice for consumers. Additionally, promotional activities and discounts offered by these retailers can encourage impulse purchases. As electric bikes gain mainstream popularity, the inclusion of these vehicles in hypermarkets and supermarkets is expected to grow, further broadening market accessibility.

Direct to Consumer:

Direct-to-consumer (DTC) distribution models are increasingly popular among electric bike manufacturers, allowing them to sell directly to consumers without intermediaries. This approach enables manufacturers to establish stronger relationships with their customers and gain valuable insights into consumer preferences. DTC models often feature online platforms that offer customization options and specialized services, creating unique shopping experiences for consumers. Additionally, this model can lead to cost savings for buyers by eliminating middlemen, making electric bikes more accessible to a broader audience. As more manufacturers adopt DTC strategies, this distribution channel is likely to experience significant growth in the electric bike market.

Others:

Other distribution channels for electric bikes encompass various platforms that may include pop-up shops, rental programs, and even collaborative marketing with local businesses. These alternative channels offer unique opportunities for consumers to experience electric bikes without committing to a purchase. Rental programs, in particular, have gained traction in urban areas, allowing individuals to test electric bikes for short durations before making a buying decision. These non-traditional channels contribute to the overall growth of the electric bike market by providing consumers with diverse options for accessing and experiencing electric bikes.

By Battery Type

Lithium-ion:

Lithium-ion batteries dominate the electric bike market, known for their high energy density and lightweight characteristics. These batteries provide longer ranges and faster charging times compared to other battery types, making them the preferred choice for most electric bike manufacturers. The ability of lithium-ion batteries to withstand numerous charge cycles enhances their longevity, contributing to the overall efficiency and performance of electric bikes. As technology continues to advance, improvements in lithium-ion battery systems are expected to drive innovation in the electric bike sector, further solidifying their market leadership.

Lead-acid:

Lead-acid batteries have been a traditional choice for electric bikes due to their lower initial costs. While they offer a more affordable option, lead-acid batteries tend to be heavier and have shorter lifespans compared to lithium-ion alternatives. As a result, their market share is gradually declining as consumers prioritize performance and efficiency over cost. However, lead-acid batteries still find applications in certain low-speed electric bikes and budget-friendly models, where the initial investment is a significant consideration. As the market evolves, lead-acid batteries are expected to hold a niche position but may remain at a disadvantage compared to lithium-ion technologies.

Nickel-metal hydride:

Nickel-metal hydride (NiMH) batteries have emerged as a viable alternative to both lithium-ion and lead-acid batteries for electric bikes. They offer a balance between performance and cost, providing a good energy density while being less prone to thermal runaway. NiMH batteries are often used in hybrid systems or lower-cost electric bike models, appealing to consumers who seek reliable performance without breaking the bank. While they do not match the performance of lithium-ion batteries, their ability to withstand extreme temperatures and longer lifespan make them a compelling option for certain segments of the electric bike market. The demand for nickel-metal hydride batteries is expected to persist as manufacturers explore diverse energy storage solutions.

Others:

The "others" category encompasses a variety of battery technologies such as solid-state batteries and emerging innovations that could redefine energy storage for electric bikes. While these technologies are still in the developmental phase, they hold the potential to offer significant advantages over traditional battery options. Solid-state batteries, for instance, promise higher energy densities, faster charging capabilities, and improved safety features. As research and development in the field of battery technology progresses, these alternative solutions could gain traction and revolutionize the electric bike market by enhancing overall performance and user experience. The growth of the "others" segment will largely depend on successful commercialization and consumer acceptance of new battery technologies.

By Region

In North America, the electric bike market has witnessed significant growth, driven by rising environmental concerns and an increasing number of urban cycling initiatives. The region has seen a surge in electric bike sales, with an estimated market size of USD 7 billion in 2023 and a projected CAGR of 9% through 2035. Cities like New York and San Francisco are leading the charge by investing in cycling infrastructure and promoting biking as a sustainable means of transportation. Furthermore, government incentives aimed at reducing carbon footprints are further supporting the growth of electric bikes across North America, making the region a promising market for future developments.

Europe remains one of the largest markets for electric bikes globally, with a market value exceeding USD 15 billion in 2023. The region is characterized by a strong biking culture and extensive cycling infrastructure, making electric bikes an attractive option for both commuting and leisure. Countries such as Germany, the Netherlands, and France are at the forefront of adopting electric bike technology, with increasing investments in e-mobility solutions. The anticipated growth rate for Europe is projected at 7% CAGR from 2025 to 2035, as more consumers embrace electric bikes as a viable alternative to traditional vehicles. The continuous push for sustainable urban mobility will further bolster the electric bike market in this region.

Opportunities

One of the key opportunities in the electric bike market lies in the growing trend of eco-consciousness among consumers. As more individuals become aware of the environmental impacts of traditional vehicles, there is a heightened demand for sustainable alternatives such as electric bikes. Manufacturers that prioritize eco-friendly practices and produce bikes with recyclable materials are likely to attract a loyal customer base. Furthermore, the expansion of cycling infrastructure in urban areas presents an opportunity for increased adoption of electric bikes, as consumers seek efficient and practical commuting solutions. Collaborating with city planners to integrate electric bikes into public transport systems can open up new markets and revenue streams for manufacturers.

Additionally, advancements in battery technology provide significant opportunities for innovation within the electric bike market. As battery life and performance continue to improve, electric bikes will become even more appealing to consumers seeking long-range capabilities. The development of lightweight and efficient battery systems will enable manufacturers to create more versatile and high-performance electric bikes. Furthermore, the integration of smart technology, such as GPS and connectivity features, can enhance the user experience and attract tech-savvy consumers. The potential for customization and personalized features presents an exciting frontier for the electric bike market, paving the way for new product offerings that cater to diverse consumer preferences.

Threats

Despite the promising growth prospects of the electric bike market, several threats could impede its progress. Intense competition from traditional bike manufacturers and rising prices of raw materials can lead to market saturation and reduced profit margins. As established bike brands enter the electric bike sector, new entrants may struggle to differentiate themselves and compete effectively. Furthermore, the fluctuating costs of lithium-ion batteries and other components could potentially impact pricing and profitability. Additionally, regulatory challenges related to safety standards and environmental regulations may present barriers to entry for new players in the market, restricting growth opportunities.

Another threat to the electric bike market is the potential for negative consumer perceptions regarding safety and reliability. Concerns related to battery performance and the overall durability of electric bikes could deter potential buyers from making a purchase. Consumer education and awareness campaigns are essential to address these concerns and promote the benefits of electric biking. Additionally, the lack of charging infrastructure in certain regions may hinder the widespread adoption of electric bikes. As manufacturers and governments work to expand charging networks, any delays in infrastructure development could impact market growth and consumer confidence.

Competitor Outlook

• Trek Bicycle Corporation
• Giant Manufacturing Co. Ltd.
• Specialized Bicycle Components Inc.
• Rad Power Bikes
• Merida Industry Co. Ltd.
• Pedego Electric Bikes
• Riese & Müller GmbH
• BionX International Corporation
• Haibike (Accell Group)
• Yamaha Motor Co. Ltd.
• Electra Bicycle Company
• Blix Bikes
• Canyon Bicycles GmbH
• Jetson Electric Bikes
• Ampler Bikes

The competitive landscape of the electric bike market is rapidly evolving, with numerous players vying for market share and consumer attention. Major manufacturers are continually innovating their product offerings, focusing on enhancing performance, efficiency, and user experience. The increasing demand for electric bikes has prompted both established bicycle companies and new entrants to invest heavily in research and development to create cutting-edge models that cater to diverse consumer preferences. Companies are also exploring partnerships with technology firms to integrate smart features that enhance connectivity and usability, further differentiating their products in a crowded marketplace.

Trek Bicycle Corporation stands out as a significant player, known for its commitment to quality and innovation. The company offers a wide range of electric bike models that cater to various segments, from commuting to mountain biking. Trek's focus on sustainability and eco-friendly practices resonates with environmentally conscious consumers. Similarly, Giant Manufacturing Co. Ltd. has established itself as a leader in the electric bike segment, offering a diverse portfolio of e-bikes that combine performance with affordability. With an extensive global presence, Giant continues to expand its electric bike offerings to meet the growing demand across different regions.

Specialized Bicycle Components Inc. has also made a significant mark in the electric bike market through its high-performance models designed for enthusiasts. The company prioritizes research and development, ensuring the integration of the latest technology into its electric bikes. Moreover, Rad Power Bikes has gained recognition for its accessible pricing and unique design features, appealing to a broad audience, particularly in the urban commuting segment. As the electric bike market continues to grow, these companies, along with other key players, will likely play a pivotal role in shaping the industry landscape while driving innovation and sustainability initiatives.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Blix Bikes
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Ampler Bikes
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Rad Power Bikes
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Canyon Bicycles GmbH
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Jetson Electric Bikes
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Pedego Electric Bikes
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Yamaha Motor Co. Ltd.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Haibike (Accell Group)
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Electra Bicycle Company
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Merida Industry Co. Ltd.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Trek Bicycle Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Riese & Müller GmbH
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Giant Manufacturing Co. Ltd.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 BionX International Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Specialized Bicycle Components Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Battery Electric Bike Sales Market, By Application
    • 6.1.1 Commute
    • 6.1.2 Fitness
    • 6.1.3 Mountain biking
    • 6.1.4 Delivery Services
    • 6.1.5 Others
  • 6.2 Battery Electric Bike Sales Market, By Battery Type
    • 6.2.1 Lithium-ion
    • 6.2.2 Lead-acid
    • 6.2.3 Nickel-metal hydride
    • 6.2.4 Others
  • 6.3 Battery Electric Bike Sales Market, By Product Type
    • 6.3.1 Pedal Assist Electric Bikes
    • 6.3.2 Throttle Electric Bikes
    • 6.3.3 Speed Pedelec Electric Bikes
    • 6.3.4 Folding Electric Bikes
    • 6.3.5 Cargo Electric Bikes
  • 6.4 Battery Electric Bike Sales Market, By Distribution Channel
    • 6.4.1 Online Retail
    • 6.4.2 Specialty Stores
    • 6.4.3 Hypermarkets/Supermarkets
    • 6.4.4 Direct to Consumer
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Battery Electric Bike Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Battery Electric Bike Sales market is categorized based on

By Product Type

• Pedal Assist Electric Bikes
• Throttle Electric Bikes
• Speed Pedelec Electric Bikes
• Folding Electric Bikes
• Cargo Electric Bikes

By Application

• Commute
• Fitness
• Mountain biking
• Delivery Services
• Others

By Distribution Channel

• Online Retail
• Specialty Stores
• Hypermarkets/Supermarkets
• Direct to Consumer
• Others

By Battery Type

• Lithium-ion
• Lead-acid
• Nickel-metal hydride
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Trek Bicycle Corporation
• Giant Manufacturing Co. Ltd.
• Specialized Bicycle Components Inc.
• Rad Power Bikes
• Merida Industry Co. Ltd.
• Pedego Electric Bikes
• Riese & Müller GmbH
• BionX International Corporation
• Haibike (Accell Group)
• Yamaha Motor Co. Ltd.
• Electra Bicycle Company
• Blix Bikes
• Canyon Bicycles GmbH
• Jetson Electric Bikes
• Ampler Bikes