Market Size of E-Mountain Bike Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.77 Billion |
| Market Size (2029) | USD 10.43 Billion |
| CAGR (2024 - 2029) | 12.56 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
E-Mountain Bike (EMTB) Market Analysis
The E-Mountain Bike Market size is estimated at USD 5.77 billion in 2024, and is expected to reach USD 10.43 billion by 2029, growing at a CAGR of 12.56% during the forecast period (2024-2029).
- On a broader scale, COVID-19 had a marginal impact on the e-mountain bike market compared to the adverse effects it vastly had on different markets. With the preference for personal mobility that is to rise and the need to overcome traffic congestion, the demand for personal vehicles will increase. Also, with the growing environmental impact and concerns over rising temperatures due to emissions, e-bikes are a great alternative to conventional bicycles and motorcycles.
- However, COVID-19 set back the industry with zero mobility of people and halted the manufacturing of new e-bikes. Post COVID-19, with the recreational activities and health awareness among consumers, the market is set to a good rise in terms of economy.
- Over the longer term, the e-mountain is growing rapidly as the younger generation shows excellent interest in trekking and recreational activities. However, factors like government regulations regarding speed and safety issues associated with these bikes are likely to hinder the market's growth. For instance, The Union Cycliste Internationale (UCI) adopted strict regulations regarding the electric motors on e-mountain bikes, which must not exceed 250 watts. Pedaling assistance is only permitted to a maximum speed of 25 kph.
- Europe is anticipated to register the highest adoption rate for E-mountain bikes which is leading the global stance from the front.
