How big is the Electric Bike Market | Expansion & Key Drivers 2025

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

The electric bike market is projected at approximately USD 92.1 billion by 2031.

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

The electric bike market is projected to grow at a CAGR of 13.0% from 2025 to 2031.

Q: What are the key applications of electric bikes?

Electric bikes are widely used for urban commuting, last-mile delivery, leisure, fitness, and shared mobility services.

Q: Which region dominates the electric bike market currently?

Europe leads due to strong government support, cycling infrastructure, and sustainable mobility programs.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA5886

Publication Date: Jul 2025

How big is the electric bike market?

According to 6Wresearch internal database and industry insights, the Global e-bike market was valued at approximately USD 18.7 Billion in 2024 and is expected to reach USD 44.9 Billion by 2031, growing at a compound annual growth rate of 13.00% during the forecast period (2025-2031).

The market is experiencing strong growth due to rising urban congestion, increasing fuel prices, and a push toward sustainable and eco-friendly mobility solutions. This rise is further supported by technological innovations in battery efficiency, lightweight frames, and app-enabled ride-tracking systems.

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Key Growth Factors of the Electric Bike Market

Increasing demand for eco-friendly urban transportation
Rising fuel prices and awareness about carbon emissions
Government subsidies and incentives for electric mobility adoption
Rapid advancements in battery technology, including lithium-ion cells
Growing preference for health-conscious commuting alternatives
Expansion of bike-sharing programs and connected mobility services

Electric Bike Market Trends

The electric bike market is shifting toward lightweight, foldable, and smart-integrated models with GPS, app support, and regenerative braking. Urban mobility startups and shared mobility players are significantly investing in e-bike fleets. Europe leads the market, followed closely by Asia-Pacific, which benefits from manufacturing capabilities and rising consumer awareness.

Emerging Developments in the Electric Bike Market

Manufacturers are focusing on modular battery systems and swappable battery models. Integration with IoT platforms for real-time diagnostics and remote locking is expanding. High-performance e-MTBs (mountain bikes) and cargo e-bikes for commercial delivery are gaining traction worldwide.