How big is the Electric Bicycle Market | Global Growth and Regional Trends 2025

Q: What is the overall size of the electric bicycle market?

The electric bicycle market is projected at approximately USD 89.3 billion by 2031.

Q: What are the primary types of electric bicycles available in the market?

The types include pedal-assist (Pedelec), throttle-on-demand, and speed pedelecs used for commuting, recreation, and cargo.

Q: What is the CAGR of the electric bicycle market during forecast period?

The electric bicycle market is projected to grow at a CAGR of 10.1% during the forecast period.

Q: Which region is expected to see significant growth in the electric bicycle market?

While Europe leads in per capita adoption and infrastructure readiness, Asia-Pacific is predicted to see significant volume growth.

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Code: MTA5885

Publication Date: Jul 2025

How big is the electric bicycle market?

According to 6Wresearch internal database and industry insights, the electric bicycle market was valued at approximately USD 45.6 billion in 2024 and is projected to reach USD 89.3 billion by 2031, growing at a CAGR of 10.1% during the forecast period.

The market is expanding steadily due to rising urban congestion, eco-conscious commuting trends, and technological innovations in battery and motor systems. This growth is further driven by supportive government policies and investments in sustainable urban mobility infrastructure.

Key Growth Factors of the Electric Bicycle Market

Rising fuel prices and traffic congestion in urban areas
Increased consumer preference for eco-friendly transportation alternatives
Government incentives and subsidies promoting e-bike usage
Advancements in lithium-ion battery technologies and motor efficiency
Integration with fitness tracking and mobile app connectivity
Growth in cycling infrastructure and shared mobility programs

Electric Bicycle Market Trends

The market is seeing a shift toward lightweight, foldable, and high-torque e-bikes with enhanced battery life. Demand for pedal-assist and throttle-based models is rising, especially in urban mobility and delivery sectors. Europe leads the worldwide market due to cycling culture and supportive infrastructure, while Asia-Pacific dominates in volume.

Emerging Developments in the Electric Bicycle Market

Manufacturers are focusing on modular battery systems and regenerative braking features. AI-based fleet tracking and IoT-integrated e-bikes are gaining popularity in shared micromobility services. Companies are also emphasizing e-MTBs and smart urban e-bikes for niche market expansion.