GITNUXREPORT 2026

Electric Bike Industry Statistics

The global electric bike industry is rapidly expanding due to rising consumer demand and environmental benefits.

Rajesh Patel

Team Lead & Senior Researcher with over 15 years of experience in market research and data analytics.

First published: Feb 13, 2026

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Statistic 1

65% of U.S. adults aged 35-54 expressed interest in purchasing an e-bike within the next two years, according to a 2023 survey.

Statistic 2

Women accounted for 42% of e-bike buyers in Europe in 2023, up from 35% in 2020.

Statistic 3

The average age of e-bike owners in the U.S. is 47 years old, with 28% over 55.

Statistic 4

72% of e-bike purchasers cite "health and fitness" as a primary reason, while 58% mention "ease of commuting."

Statistic 5

Urban dwellers represent 68% of e-bike sales in major global cities, per 2023 data.

Statistic 6

E-bike ownership among millennials (25-40) in the UK rose to 19% in 2023 from 12% in 2021.

Statistic 7

55% of e-bike buyers in the U.S. are first-time bike buyers.

Statistic 8

E-bike rental services grew 40% in urban areas, with 25% repeat users aged 18-34.

Statistic 9

61% of European e-bike owners use them daily for commuting under 20km.

Statistic 10

Income level: 48% of U.S. e-bike owners earn over $100k annually.

Statistic 11

Hispanic consumers in U.S. showed 35% interest in e-bikes for family transport.

Statistic 12

Japan: 52% of e-bike users are women over 50 for shopping trips.

Statistic 13

78% of e-bike owners in surveys say they ride more frequently than with regular bikes.

Statistic 14

E-bikes appeal to 40% of non-cyclists as entry point to cycling.

Statistic 15

Average U.S. e-bike price paid was $2,800 in 2023.

Statistic 16

35% of e-bike purchases influenced by dealer test rides.

Statistic 17

49% of U.S. e-bike interest from suburban families for kids.

Statistic 18

E-bike satisfaction rate 92% among owners after 1 year.

Statistic 19

67% prefer Class 1 (pedal-assist only) for trail use.

Statistic 20

Online sales channel 45% of U.S. e-bike purchases.

Statistic 21

Low-step frames bought by 55% of women buyers.

Statistic 22

The global electric bike market size was valued at USD 55.8 billion in 2023 and is projected to reach USD 143.2 billion by 2032, growing at a CAGR of 11.2% from 2024 to 2032.

Statistic 23

In Europe, the e-bike market generated revenue of EUR 28.5 billion in 2023, with a forecasted annual growth rate of 8.7% through 2028.

Statistic 24

The U.S. electric bicycle market is expected to grow from USD 2.11 billion in 2024 to USD 4.03 billion by 2030 at a CAGR of 11.4%.

Statistic 25

China's e-bike market dominated with a 41.6% share of global revenue in 2023, valued at approximately USD 23.2 billion.

Statistic 26

The Asia-Pacific e-bike market is anticipated to grow at the highest CAGR of 12.1% from 2024 to 2030, driven by urbanization in India and Southeast Asia.

Statistic 27

Global e-bike market CAGR forecasted at 9.5% from 2023-2030, reaching $120 billion.

Statistic 28

North America e-bike market valued at $3.5 billion in 2023, growing at 10.8% CAGR.

Statistic 29

Latin America e-bike sales projected to grow 15% annually to 2030 due to infrastructure investments.

Statistic 30

Cargo e-bike segment to grow at 13.2% CAGR, valued at $4.1 billion by 2030.

Statistic 31

Folding e-bike market expected to reach $15.6 billion by 2028 at 11.5% CAGR.

Statistic 32

Southeast Asia e-bike market to hit $10 billion by 2030 at 14% CAGR.

Statistic 33

Middle East e-bike adoption growing at 18% CAGR from tourism.

Statistic 34

Youth e-bikes (16-20") segment up 25% to $1.2 billion.

Statistic 35

Adventure touring e-bikes projected 12.8% CAGR to $8.5 billion.

Statistic 36

Africa e-bike market nascent at $500 million, 20% growth expected.

Statistic 37

Global mountain e-bike market $15.2 billion by 2030, 10.5% CAGR.

Statistic 38

Urban mobility e-bikes to grow 13% CAGR to $50 billion.

Statistic 39

E-cargo bikes market $6.8 billion in 2023, 14.2% CAGR.

Statistic 40

Commuter e-bike segment largest at 38% share, $21 billion.

Statistic 41

E-bike aftermarket parts market $12.4 billion by 2029.

Statistic 42

Global e-bike sales reached 40 million units in 2023, up 15% from 2022.

Statistic 43

In the United States, e-bike sales surged to 1.1 million units in 2023, representing 14% of all bike sales.

Statistic 44

Europe shipped 5.5 million e-bikes in 2023, with Germany leading at 870,000 units.

Statistic 45

Rad Power Bikes, a leading U.S. direct-to-consumer brand, sold over 200,000 e-bikes in 2023.

Statistic 46

Trek Bicycle Corporation reported e-bike sales accounting for 25% of their total U.S. sales in 2023, equating to approximately 150,000 units.

Statistic 47

India's e-bike sales grew by 45% year-over-year to 1.2 million units in 2023.

Statistic 48

Australia e-bike imports hit 150,000 units in 2023, up 22% YoY.

Statistic 49

Specialized sold 100,000 Turbo e-bikes globally in 2023.

Statistic 50

Shimano's e-bike components featured in 3 million bikes shipped in 2023.

Statistic 51

Brazil e-bike market sales doubled to 50,000 units in 2023.

Statistic 52

Canada saw 120,000 e-bike sales in 2023, 18% of total bike market.

Statistic 53

U.S. Class 3 e-bikes (up to 45km/h) sales up 50% to 150,000 units.

Statistic 54

Netherlands e-bike fleet reached 3.5 million, 30% of all bikes.

Statistic 55

Giant Manufacturing shipped 2.1 million e-bikes in 2023.

Statistic 56

U.K. e-bike sales hit 170,000 units in 2023, up 10%.

Statistic 57

France registered 550,000 e-bikes in 2023.

Statistic 58

Turkey e-bike market grew 60% to 80,000 units sold.

Statistic 59

Italy e-bike sales 450,000 units in 2023, 20% market share.

Statistic 60

Cannondale e-bike deliveries 250,000 units worldwide.

Statistic 61

Mexico imported 30,000 e-bikes in 2023, up 40%.

Statistic 62

Spain registered 320,000 e-bike sales.

Statistic 63

Belgium e-bike penetration at 25% of new bikes sold.

Statistic 64

E-bikes reduced CO2 emissions by 1.2 million tons in Europe in 2023 compared to car trips.

Statistic 65

The EU's pedelec classification (EN 15194) mandates speed limits at 25 km/h and 250W power for legal road use.

Statistic 66

U.S. states with e-bike rebates saw 25% higher adoption rates, with California leading at $1,500 incentives.

Statistic 67

85% of e-bike users report replacing car trips, saving 500 million liters of fuel annually in the U.S.

Statistic 68

Recycling rates for e-bike batteries reached 70% in Germany in 2023 under WEEE directives.

Statistic 69

Germany's e-bike subsidies covered 100,000 bikes, reducing emissions by 20,000 tons.

Statistic 70

E-bikes classified as bicycles in 40 U.S. states without license requirements.

Statistic 71

Global e-bike production avoided 5 million car equivalents in CO2.

Statistic 72

Battery passport initiative in EU for traceability starts 2027, piloted 2023.

Statistic 73

E-bike sharing fleets in China offset 1.5 billion km car travel.

Statistic 74

U.K. VAT reduction on e-bikes to 0% boosted sales 15%.

Statistic 75

E-bikes saved 2.3 billion euros in healthcare costs EU-wide.

Statistic 76

China's e-bike speed limit 25km/h reduced accidents 20%.

Statistic 77

95% recyclable aluminum frames mandated in new EU standards.

Statistic 78

E-bike incentives in 15 countries totaled $2 billion in 2023.

Statistic 79

Lithium-ion batteries dominate with 92% market share in e-bikes, offering 400-800Wh capacity on average.

Statistic 80

Mid-drive motors hold 55% of the e-bike motor market in 2023, preferred for torque efficiency up to 90Nm.

Statistic 81

Bosch eBike Systems powered 4.2 million e-bikes in 2023 with their Gen5 smart system integrating app connectivity.

Statistic 82

Average e-bike top speed reached 28 km/h in Europe due to regulatory caps, with power outputs averaging 250W.

Statistic 83

Carbon fiber frames in premium e-bikes grew to 15% adoption in 2023, reducing weight by 20% compared to aluminum.

Statistic 84

E-bikes with integrated GPS and theft tracking features increased sales by 30% in 2023.

Statistic 85

Torque sensors in e-bikes increased to 48% market share for natural pedal assist.

Statistic 86

E-bike range averaged 80km per charge in 2023 models with 720Wh batteries.

Statistic 87

Yamaha's PWseries motors equipped 1.8 million e-bikes with 85Nm torque.

Statistic 88

Hydraulic disc brakes standard on 88% of new e-bikes sold in 2023.

Statistic 89

E-bike suspension systems (full) grew to 22% in MTB segment.

Statistic 90

Smartphones paired with e-bikes via Bluetooth rose to 65% integration.

Statistic 91

Panasonic supplied batteries for 2.5 million e-bikes with 13.6Ah capacity.

Statistic 92

E-bike lights with 500+ lumens became standard on 75% of urban models.

Statistic 93

Wireless shifting (e.g., Di2) in 12% of high-end e-bikes.

Statistic 94

Regenerative braking tech in e-MTBs recovered 10% energy.

Statistic 95

AI route optimization apps used by 20% of connected e-bikes.

Statistic 96

Samsung SDI batteries with 900Wh in 18% premium models.

Statistic 97

Belt drives (e.g., Gates) in 35% of urban e-bikes for low maintenance.

Statistic 98

E-bike tires with puncture protection 2.0mm thick standard on 80%.

Statistic 99

4G connectivity in e-bikes for fleet management up 150%.

Statistic 100

Lightweight e-MTBs under 20kg now 10% of sales.

1/100

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Zipping silently past the snarled traffic and billion-dollar market forecasts, the electric bike has shifted from a niche gadget to a global transportation revolution reshaping how we move, live, and even think about the humble bicycle.

Key Takeaways

The global electric bike market size was valued at USD 55.8 billion in 2023 and is projected to reach USD 143.2 billion by 2032, growing at a CAGR of 11.2% from 2024 to 2032.
In Europe, the e-bike market generated revenue of EUR 28.5 billion in 2023, with a forecasted annual growth rate of 8.7% through 2028.
The U.S. electric bicycle market is expected to grow from USD 2.11 billion in 2024 to USD 4.03 billion by 2030 at a CAGR of 11.4%.
Global e-bike sales reached 40 million units in 2023, up 15% from 2022.
In the United States, e-bike sales surged to 1.1 million units in 2023, representing 14% of all bike sales.
Europe shipped 5.5 million e-bikes in 2023, with Germany leading at 870,000 units.
65% of U.S. adults aged 35-54 expressed interest in purchasing an e-bike within the next two years, according to a 2023 survey.
Women accounted for 42% of e-bike buyers in Europe in 2023, up from 35% in 2020.
The average age of e-bike owners in the U.S. is 47 years old, with 28% over 55.
Lithium-ion batteries dominate with 92% market share in e-bikes, offering 400-800Wh capacity on average.
Mid-drive motors hold 55% of the e-bike motor market in 2023, preferred for torque efficiency up to 90Nm.
Bosch eBike Systems powered 4.2 million e-bikes in 2023 with their Gen5 smart system integrating app connectivity.
E-bikes reduced CO2 emissions by 1.2 million tons in Europe in 2023 compared to car trips.
The EU's pedelec classification (EN 15194) mandates speed limits at 25 km/h and 250W power for legal road use.
U.S. states with e-bike rebates saw 25% higher adoption rates, with California leading at $1,500 incentives.

The global electric bike industry is rapidly expanding due to rising consumer demand and environmental benefits.

Consumer Behavior and Demographics

65% of U.S. adults aged 35-54 expressed interest in purchasing an e-bike within the next two years, according to a 2023 survey.
Women accounted for 42% of e-bike buyers in Europe in 2023, up from 35% in 2020.
The average age of e-bike owners in the U.S. is 47 years old, with 28% over 55.
72% of e-bike purchasers cite "health and fitness" as a primary reason, while 58% mention "ease of commuting."
Urban dwellers represent 68% of e-bike sales in major global cities, per 2023 data.
E-bike ownership among millennials (25-40) in the UK rose to 19% in 2023 from 12% in 2021.
55% of e-bike buyers in the U.S. are first-time bike buyers.
E-bike rental services grew 40% in urban areas, with 25% repeat users aged 18-34.
61% of European e-bike owners use them daily for commuting under 20km.
Income level: 48% of U.S. e-bike owners earn over $100k annually.
Hispanic consumers in U.S. showed 35% interest in e-bikes for family transport.
Japan: 52% of e-bike users are women over 50 for shopping trips.
78% of e-bike owners in surveys say they ride more frequently than with regular bikes.
E-bikes appeal to 40% of non-cyclists as entry point to cycling.
Average U.S. e-bike price paid was $2,800 in 2023.
35% of e-bike purchases influenced by dealer test rides.
49% of U.S. e-bike interest from suburban families for kids.
E-bike satisfaction rate 92% among owners after 1 year.
67% prefer Class 1 (pedal-assist only) for trail use.
Online sales channel 45% of U.S. e-bike purchases.
Low-step frames bought by 55% of women buyers.

Consumer Behavior and Demographics Interpretation

While the e-bike is convincingly marketed as a youthful disruptor, the data reveals its true conquest is the sensible middle-aged professional, who is joyfully trading traffic for pedal-assist and discovering that the most efficient route to health, sanity, and the grocery store is on two wheels.

Market Size and Projections

The global electric bike market size was valued at USD 55.8 billion in 2023 and is projected to reach USD 143.2 billion by 2032, growing at a CAGR of 11.2% from 2024 to 2032.
In Europe, the e-bike market generated revenue of EUR 28.5 billion in 2023, with a forecasted annual growth rate of 8.7% through 2028.
The U.S. electric bicycle market is expected to grow from USD 2.11 billion in 2024 to USD 4.03 billion by 2030 at a CAGR of 11.4%.
China's e-bike market dominated with a 41.6% share of global revenue in 2023, valued at approximately USD 23.2 billion.
The Asia-Pacific e-bike market is anticipated to grow at the highest CAGR of 12.1% from 2024 to 2030, driven by urbanization in India and Southeast Asia.
Global e-bike market CAGR forecasted at 9.5% from 2023-2030, reaching $120 billion.
North America e-bike market valued at $3.5 billion in 2023, growing at 10.8% CAGR.
Latin America e-bike sales projected to grow 15% annually to 2030 due to infrastructure investments.
Cargo e-bike segment to grow at 13.2% CAGR, valued at $4.1 billion by 2030.
Folding e-bike market expected to reach $15.6 billion by 2028 at 11.5% CAGR.
Southeast Asia e-bike market to hit $10 billion by 2030 at 14% CAGR.
Middle East e-bike adoption growing at 18% CAGR from tourism.
Youth e-bikes (16-20") segment up 25% to $1.2 billion.
Adventure touring e-bikes projected 12.8% CAGR to $8.5 billion.
Africa e-bike market nascent at $500 million, 20% growth expected.
Global mountain e-bike market $15.2 billion by 2030, 10.5% CAGR.
Urban mobility e-bikes to grow 13% CAGR to $50 billion.
E-cargo bikes market $6.8 billion in 2023, 14.2% CAGR.
Commuter e-bike segment largest at 38% share, $21 billion.
E-bike aftermarket parts market $12.4 billion by 2029.

Market Size and Projections Interpretation

The electric bike industry is pedaling past a niche trend and into a full-blown transportation revolution, with China firmly in the driver's seat, cargo bikes hauling the future, and every continent from the urbanizing streets of Asia to the nascent markets of Africa eagerly jumping on the saddle.

Sales and Shipments

Global e-bike sales reached 40 million units in 2023, up 15% from 2022.
In the United States, e-bike sales surged to 1.1 million units in 2023, representing 14% of all bike sales.
Europe shipped 5.5 million e-bikes in 2023, with Germany leading at 870,000 units.
Rad Power Bikes, a leading U.S. direct-to-consumer brand, sold over 200,000 e-bikes in 2023.
Trek Bicycle Corporation reported e-bike sales accounting for 25% of their total U.S. sales in 2023, equating to approximately 150,000 units.
India's e-bike sales grew by 45% year-over-year to 1.2 million units in 2023.
Australia e-bike imports hit 150,000 units in 2023, up 22% YoY.
Specialized sold 100,000 Turbo e-bikes globally in 2023.
Shimano's e-bike components featured in 3 million bikes shipped in 2023.
Brazil e-bike market sales doubled to 50,000 units in 2023.
Canada saw 120,000 e-bike sales in 2023, 18% of total bike market.
U.S. Class 3 e-bikes (up to 45km/h) sales up 50% to 150,000 units.
Netherlands e-bike fleet reached 3.5 million, 30% of all bikes.
Giant Manufacturing shipped 2.1 million e-bikes in 2023.
U.K. e-bike sales hit 170,000 units in 2023, up 10%.
France registered 550,000 e-bikes in 2023.
Turkey e-bike market grew 60% to 80,000 units sold.
Italy e-bike sales 450,000 units in 2023, 20% market share.
Cannondale e-bike deliveries 250,000 units worldwide.
Mexico imported 30,000 e-bikes in 2023, up 40%.
Spain registered 320,000 e-bike sales.
Belgium e-bike penetration at 25% of new bikes sold.

Sales and Shipments Interpretation

The world is pedaling toward an electric revolution, with everything from India's booming streets to America's suburban driveways showing that the e-bike's silent ascent is no longer a niche trend, but a full-blown takeover on two wheels.

Sustainability and Regulations

E-bikes reduced CO2 emissions by 1.2 million tons in Europe in 2023 compared to car trips.
The EU's pedelec classification (EN 15194) mandates speed limits at 25 km/h and 250W power for legal road use.
U.S. states with e-bike rebates saw 25% higher adoption rates, with California leading at $1,500 incentives.
85% of e-bike users report replacing car trips, saving 500 million liters of fuel annually in the U.S.
Recycling rates for e-bike batteries reached 70% in Germany in 2023 under WEEE directives.
Germany's e-bike subsidies covered 100,000 bikes, reducing emissions by 20,000 tons.
E-bikes classified as bicycles in 40 U.S. states without license requirements.
Global e-bike production avoided 5 million car equivalents in CO2.
Battery passport initiative in EU for traceability starts 2027, piloted 2023.
E-bike sharing fleets in China offset 1.5 billion km car travel.
U.K. VAT reduction on e-bikes to 0% boosted sales 15%.
E-bikes saved 2.3 billion euros in healthcare costs EU-wide.
China's e-bike speed limit 25km/h reduced accidents 20%.
95% recyclable aluminum frames mandated in new EU standards.
E-bike incentives in 15 countries totaled $2 billion in 2023.

Sustainability and Regulations Interpretation

While e-bikes may seem like just a zippy toy, their globally proven track record of slashing emissions, saving billions in fuel and healthcare, and being nudged into mainstream adoption by smart policy shows they're quietly pedaling us toward a more sensible future.

Technology and Components

Lithium-ion batteries dominate with 92% market share in e-bikes, offering 400-800Wh capacity on average.
Mid-drive motors hold 55% of the e-bike motor market in 2023, preferred for torque efficiency up to 90Nm.
Bosch eBike Systems powered 4.2 million e-bikes in 2023 with their Gen5 smart system integrating app connectivity.
Average e-bike top speed reached 28 km/h in Europe due to regulatory caps, with power outputs averaging 250W.
Carbon fiber frames in premium e-bikes grew to 15% adoption in 2023, reducing weight by 20% compared to aluminum.
E-bikes with integrated GPS and theft tracking features increased sales by 30% in 2023.
Torque sensors in e-bikes increased to 48% market share for natural pedal assist.
E-bike range averaged 80km per charge in 2023 models with 720Wh batteries.
Yamaha's PWseries motors equipped 1.8 million e-bikes with 85Nm torque.
Hydraulic disc brakes standard on 88% of new e-bikes sold in 2023.
E-bike suspension systems (full) grew to 22% in MTB segment.
Smartphones paired with e-bikes via Bluetooth rose to 65% integration.
Panasonic supplied batteries for 2.5 million e-bikes with 13.6Ah capacity.
E-bike lights with 500+ lumens became standard on 75% of urban models.
Wireless shifting (e.g., Di2) in 12% of high-end e-bikes.
Regenerative braking tech in e-MTBs recovered 10% energy.
AI route optimization apps used by 20% of connected e-bikes.
Samsung SDI batteries with 900Wh in 18% premium models.
Belt drives (e.g., Gates) in 35% of urban e-bikes for low maintenance.
E-bike tires with puncture protection 2.0mm thick standard on 80%.
4G connectivity in e-bikes for fleet management up 150%.
Lightweight e-MTBs under 20kg now 10% of sales.

Technology and Components Interpretation

The e-bike is no longer a simple bicycle with a battery; it has evolved into a sophisticated, connected, and surprisingly efficient machine where Bosch brains and lithium-ion hearts now command the roads, all while politely respecting the speed limit.

Sources & References

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