Market by Product, Drive Mechanism, Application, Battery, Power, and Country Outlook | Forecast 2022-2028
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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VIEW REPORT1. 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
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)
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)