FEATURED COMPANIES
- Accell Group
- Fuji-Ta Bicycle Co Ltd
- LG Chem
- Qwic
- Samsung Sdi Co Ltd
- Stromer
MARKET OUTLOOK
According to the analyst, the market for e-bike in North America is anticipated to grow with a CAGR of 10.34% in the forecasted period from 2022 to 2028. The United States and Canada together form the market in this region.To increase sales of e-bikes in the United States, retailers are focusing on older but active users. As of 2016, people in the age group of 52 to 70 years accounted for nearly 25% of Americans. Though many of them enjoy cycling, they cannot ride a bicycle due to health-related issues, such as exercise-induced asthma or knee & joint pain.
Therefore, to cater to this potential customer base and increase product sales, retailers are citing the benefits of electric bikes. This includes ease of pedaling, limited efforts required to propel the bike forward, less heart stress during a ride, and a reduced likelihood of sudden spikes while navigating elevated or uneven terrains.
Electric bikes are now being preferred as a new mode of transportation in different places across Canada, such as British Columbia and Toronto. Therefore, new rules are being implemented and infrastructure is also being developed to aid increased adoption of these vehicles. For instance, under the Transportation 2040 Plan, the city of Vancouver recognized electric-assist bicycles as a growing transport mode owing to their various benefits. Such initiatives support the growth of the market in Canada.
COMPETITIVE OUTLOOK
QWIC, Samsung SDI Co Ltd, Riese & Müller, Stromer, Accell Group, Brose Fahrzeugteile SE & Co KG, Shimano Inc, Yadea Group Holdings Ltd, BMZ GmbH, Giant Manufacturing Co Ltd, NIU International, Vanmoof are some of the notable players in the e-bike market.FEATURED COMPANIES
- Accell Group
- Fuji-Ta Bicycle Co Ltd
- LG Chem
- Qwic
- Samsung Sdi Co Ltd
- Stromer
1. North America E-Bike Market - Summary
2. Industry Outlook
3. North America E-Bike Market - by Product
4. North America E-Bike Market - by Drive Mechanism
5. North America E-Bike Market - by Application
6. North America E-Bike Market - by Battery
7. North America E-Bike Market - by Power
8. North America E-Bike Market - Country Outlook
9. Competitive Landscape
List of Tables
List of Figures
A selection of companies mentioned in this report includes:
- Accell Group
- Bmz GmbH
- Brose Fahrzeugteile Se & Co Kg
- Derby Cycle
- Fuji-Ta Bicycle Co Ltd
- Giant Manufacturing Co Ltd
- Jiangsu Xinri E-Vehicle Co Ltd
- LG Chem
- Panasonic Corporation
- Robert Bosch GmbH
- Samsung Sdi Co Ltd
- Shimano Inc
- Golden Wheel Group
- Trek Bicycle Corporation
- Qwic
- Vanmoof
- Stromer
- Riese & Müller
- Yadea Group Holdings Ltd
- Niu International
- Silence Urban Ecomobility
- Hero Electric
- Vmoto Limited
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