Global E-Bike Market Trends, Growth & Forecast (2024–2030)
The E-Bike Market was valued at US$ 66.78 billion in 2024 and is projected to grow at a CAGR of 12.4% from 2025 to 2032, reaching approximately US$ 170.14 billion by the end of the forecast period. A bicycle equipped with an electric motor drive mechanism and a battery that produces energy to exert or assist propulsion is called an electric bicycle. From electric bikes with small motors that assist the rider's pedaling power, more powerful electric bikes that generate electricity and drive the bike entirely on gas are available all over the world.