Study Period | 2017 - 2029 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2029 |
Market Size (2025) | USD 4.11 Billion |
Market Size (2029) | USD 7.54 Billion |
CAGR (2025 - 2029) | 16.41 % |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
North America E-bike Market Analysis
The North America E-bike Market size is estimated at 4.11 billion USD in 2025, and is expected to reach 7.54 billion USD by 2029, growing at a CAGR of 16.41% during the forecast period (2025-2029).
The North American electric bike industry is undergoing a significant transformation driven by increasing urbanization and the push towards sustainable transportation solutions. Major manufacturers are expanding their distribution networks to meet growing demand, with industry leader Trek Bicycle Corporation operating nearly 1,700 dealers across North America in 2023. Government initiatives supporting e-bike market adoption through infrastructure development and financial incentives are reshaping urban mobility patterns. The integration of advanced technologies like GPS tracking and smart connectivity features is elevating the consumer experience while enabling better fleet management for rental and sharing services.
The market landscape is characterized by a mix of established manufacturers and innovative startups competing to deliver advanced e-bike solutions. Companies are focusing on product innovations, including improved battery technology, enhanced range capabilities, and smart features to differentiate their offerings. The Light Electric Vehicle Association's data showing 7.9 million e-bikes imported to the United States highlights the robust demand for these vehicles. Manufacturers are also expanding their production capabilities and localizing assembly operations to better serve the North American electric bike market size while reducing supply chain dependencies.
The retail landscape is evolving with the emergence of omnichannel distribution strategies and specialized e-bike stores. Traditional bicycle retailers are adapting their business models to accommodate the unique requirements of e-bikes, including specialized maintenance services and battery management solutions. The growth of e-commerce has created new opportunities for direct-to-consumer sales, with Mexico's e-commerce market reaching USD 37.99 billion by the end of 2022, indicating strong potential for online e-bike market growth channels.
The industry is witnessing increased collaboration between e-bike manufacturers, technology providers, and urban mobility solutions companies. These partnerships are driving innovations in areas such as battery technology, motor efficiency, and connected vehicle features. Manufacturing companies are investing in research and development to improve product performance and durability while reducing costs. The focus on sustainable manufacturing practices and recyclable materials is becoming increasingly important as environmental consciousness grows among consumers and regulatory requirements evolve.
North America E-bike Market Trends
The US leads with a robust increase in e-bike adoption, reflecting a significant shift towards eco-friendly transportation.
- The North American region is witnessing a significant demand for e-bicycles. Rising fuel prices, highly dense traffic conditions, and health concerns are some of the factors responsible for the increasing adoption of e-bikes across North American countries. The United States accounts for the highest sales of e-bikes. The country witnessed a higher adoption rate in 2018 compared to other countries like Canada and Mexico. The rising demand for e-bikes accelerated their adoption rate by 2.3% across North America in 2018.
- North America witnessed a rapid change in the demand for e-bikes in 2020. The region accounted for the highest adoption rate of e-bikes in 2020. The pandemic had a positive impact on the adoption rate of bicycles, including e-bikes. In 2020, people opted for more personal rides and developed exercising habits, which had a positive impact on the bicycle market. Owing to these factors, the region witnessed an adoption rate of 3.1% in 2020.
- The interest of consumers in e-bicycles is growing tremendously across North America. The launch of new models with updated technologies by various companies across the region is attracting consumers toward e-bikes. In March 2022, the two-wheeler manufacturer, Yamaha, introduced new e-bikes, Wabash RT Gravel Adventure Model and CrossCore RC Fitness Commuter, in the United States. Both the models are equipped with 500-watt-hour lithium-ion batteries with speed support of 28 mph, and they have class-3 pedal-assist features. Such new launches are expected to enhance the adoption of e-bikes in North America during the forecast period.
A consistent upward trajectory in the population commuting 5-15 km, led by the US, highlights a shift towards moderate commuting distances.
- North America comprises various bicycle-oriented countries like the United States, Canada, and Mexico. The demand for bicycles in these countries has increased over the recent years. People in various countries across North America are gradually shifting to using bicycles to go to nearby places like offices, business areas, and malls. The United States has the highest number of daily commuters who travel between 5 km and 15 km.
- After the COVID-19 outbreak, which led to the closure of gyms and public transit across North America, various people found bicycles to be a safe and socially isolated mode of transportation. During the pandemic, people chose to exercise through cycling or going for weekend recreational runs to nearby locations. These factors increased the number of commuters who traveled between 5 kilometers and 15 kilometers by more than 1% in 2020. The launch of e-bikes with advanced battery packs for providing an enhanced range of up to 40-45 kilometers attracted consumers who travel a distance of 5-15 kilometers daily.
- Relaxation of the COVID-19-related restrictions opened up offices and businesses across North America. Many people now commute by bicycle to their places of employment and other areas. The popularity of bicycle-based commuting is increasing due to health benefits, carbon-free journeys, fuel savings, and time savings in packed countries like the United States and Mexico. Such factors are expected to accelerate bicycle journeys across North America during the forecast period.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Overall, North America's bicycle sales demonstrate resilience with gradual growth, indicating a sustained interest in cycling across the region.
- The overall trend indicates a robust and growing economy across the region, with a short-term dip in 2020.
- The US shows a gradual inflation rate decrease, while Canada maintains stability and Mexico experiences heightened fluctuations.
- The US leads the bicycle rental market with consistent growth, significantly influencing the overall regional trend.
- The E-Bike battery price trend in the US significantly influences the regional average, with a steady decrease over time.
- The US dominates the Hyper-Local Delivery market, exhibiting a rapid increase in volume, significantly impacting the regional trend.
- The US shows a notable increase, leading the North American region in expanding dedicated bicycle lanes.
- The United States leads North America in the number of bicycle trekkers, followed by Canada and Mexico, with a consistent growth trend.
- North America demonstrates a consistent decrease in battery charging time, with Mexico reducing more gradually compared to the US and Canada.
- Mexico consistently shows the highest traffic congestion rates, while Canada has the lowest and most stable congestion levels among the three countries.
Segment Analysis: Propulsion Type
Pedal Assisted Segment in North America E-bike Market
The pedal-assisted segment dominates the North American e-bike market, commanding approximately 80% e-bike market share in 2024. This significant market position is driven by several factors, including the segment's alignment with regulatory requirements across North American countries, where bikes with speeds under 45 km/h don't require driver's licenses, registration, or license plates. The segment's popularity is further enhanced by its ability to provide exercise benefits while commuting, making it particularly attractive to office workers who spend most of their day at desks. The integration of advanced features like GPS tracking and improved battery technology has made pedal-assisted e-bikes more appealing to a broader consumer base. Additionally, the segment benefits from strong support from transportation agencies and organizations that are investing in e-bike rentals and sharing programs, particularly in urban areas.

Throttle Assisted Segment in North America E-bike Market
The throttle-assisted segment is experiencing notable growth in the North American e-bike market, particularly driven by its appeal to tourism and recreational applications. These e-bikes, which function similarly to motorcycles or scooters, are gaining traction due to their ease of use and ability to handle various terrain types. The segment's growth is supported by expanding tourism activities across the United States, Canada, and Mexico, where throttle-assisted e-bikes are becoming increasingly popular for exploring countryside roads and historical landmarks. The segment is also benefiting from technological advancements in battery efficiency and motor control systems, making these bikes more reliable and user-friendly for both casual riders and commuters.
Remaining Segments in Propulsion Type
The speed pedelec segment, while smaller in market share, plays a crucial role in the North American e-bike market by catering to specific user needs. These high-performance e-bikes are particularly popular among commuters and enthusiasts who require faster travel speeds and enhanced capabilities for longer distances. The segment's growth is supported by ongoing technological developments and increasing features that expand their appeal in North American nations. Speed pedelecs are particularly valued in urban environments where they offer an economical alternative to mopeds and scooters while providing greater speed capabilities than standard pedal-assisted bikes.
Segment Analysis: Application Type
City/Urban Segment in North America E-bike Market
The City/Urban segment dominates the North American e-bike market, commanding approximately 82% electric bike market share in 2024. This significant market position is driven by increasing urbanization across major cities in the United States and Canada, where e-bikes have become a preferred solution for daily commuting and urban mobility. The segment's growth is further supported by expanding infrastructure development, including dedicated bike lanes and charging stations in metropolitan areas. Urban e-bikes are particularly popular among commuters seeking to avoid traffic congestion while maintaining environmental consciousness. The segment's strong performance is also attributed to technological advancements in battery efficiency and smart features that cater specifically to urban riding conditions. Additionally, government initiatives promoting sustainable urban transportation and various rebate programs in major cities have significantly boosted the adoption of city/urban e-bikes.
Trekking Segment in North America E-bike Market
The Trekking segment is emerging as the fastest-growing category in the North American e-bike market, driven by increasing interest in outdoor recreation and adventure tourism. This growth is supported by technological improvements in battery life and motor efficiency, making e-bikes more suitable for long-distance rides and challenging terrains. The segment is benefiting from the rising popularity of bike tourism and the growing number of dedicated mountain biking trails across North America. Manufacturers are responding to this trend by introducing advanced trekking e-bike models with features specifically designed for off-road conditions and extended rides. The segment is also seeing increased adoption among older riders who use e-bikes to maintain their outdoor activities and younger enthusiasts looking for adventure-ready vehicles. The integration of GPS technology and improved suspension systems has made trekking e-bikes more appealing to both casual and serious outdoor enthusiasts.
Remaining Segments in Application Type
The Cargo/Utility segment, while smaller in market share, plays a crucial role in the North American e-bike market, particularly in the commercial and delivery sectors. This segment is gaining traction among businesses looking to optimize their last-mile delivery operations and reduce carbon emissions in urban areas. Cargo e-bikes are increasingly being adopted by courier services, food delivery companies, and small businesses for local deliveries. The segment is also seeing growing interest from families using cargo e-bikes as an alternative to second cars for daily errands and shopping trips. The utility aspect of these e-bikes makes them particularly valuable for urban logistics and commercial applications, while their eco-friendly nature aligns with corporate sustainability goals and environmental regulations in major cities.
Segment Analysis: Battery Type
Lithium-ion Battery Segment in North America E-bike Market
The lithium-ion battery segment dominates the North American battery electric bicycle market, commanding approximately 93% market share in 2024, owing to its superior performance characteristics and declining costs. These batteries have emerged as the preferred choice among manufacturers and consumers due to their high energy density, longer operating range, and reduced size and weight compared to traditional alternatives. The segment's prominence is further strengthened by continuous technological advancements in battery chemistry and manufacturing processes, leading to enhanced efficiency and reliability. Major manufacturers are increasingly investing in research and development to improve lithium-ion battery technology, focusing on aspects such as faster charging capabilities, extended lifecycle, and improved safety features. The segment's growth is also supported by the expanding network of charging infrastructure and the increasing adoption of e-bikes for both recreational and commercial purposes across North America.
Lead Acid Battery Segment in North America E-bike Market
The lead acid battery segment continues to maintain a presence in the North American e-bike market, particularly in cost-sensitive applications and specific industrial uses. Despite facing competition from more advanced battery technologies, lead acid batteries retain certain advantages such as reliability in extreme conditions, lower initial costs, and established recycling infrastructure. The segment is witnessing technological improvements focused on enhancing battery life, reducing weight, and improving charging efficiency to better compete with alternative technologies. Manufacturers are developing enhanced variants of lead acid batteries that offer improved performance while maintaining their cost advantage, particularly for entry-level e-bike models and specific commercial applications where initial cost considerations outweigh performance requirements.
Remaining Segments in Battery Type
The other battery types segment in the North American e-bike market encompasses emerging technologies such as sodium-ion batteries and other experimental battery chemistries. These alternative battery technologies are gaining attention from manufacturers and researchers as potential future solutions for e-bike applications. The segment is characterized by ongoing research and development activities aimed at developing more sustainable and efficient energy storage solutions. While these alternative battery technologies currently represent a smaller portion of the market, they play a crucial role in driving innovation and providing diverse options for different e-bike applications and user requirements. The development of these alternative battery technologies is particularly focused on addressing specific challenges such as environmental sustainability, raw material availability, and specialized performance requirements.
North America E-bike Market Geography Segment Analysis
E-bike Market in United States
The United States e-bike market dominates the North America e-bike market, accounting for approximately 98% of the total market value in 2024. The country's e-bike industry is experiencing substantial growth driven by an increasing emphasis on sustainable transportation and recreational activities. Urban centers across the US are actively expanding their cycling infrastructure, with cities like New York implementing extensive bike lane networks to support the growing e-bike adoption. The market is particularly gaining momentum as users adopt e-bikes not only for recreational purposes but also for daily commuting. Retailers are strategically targeting both older active customers and younger urban professionals, with the former appreciating e-bikes for health benefits and the latter for convenient urban mobility. The government's supportive policies, including various state-level incentive programs and rebates, are further accelerating market growth. The integration of advanced technologies, such as improved battery systems and smart connectivity features, is enhancing the appeal of e-bikes among tech-savvy American consumers.
E-bike Market in Canada
Canada represents one of the most dynamic markets in the North America e-bike market, projected to grow at approximately 17% annually from 2024 to 2029. The country's e-bike market is undergoing a significant transformation as cities like Toronto and British Columbia increasingly recognize e-bikes as a legitimate mode of transportation. The government's strong commitment to sustainable mobility is evident through various initiatives, including substantial rebate programs and tax incentives for e-bike purchases. Canadian cities are actively developing dedicated cycling infrastructure and implementing supportive policies to encourage e-bike adoption. The market is particularly benefiting from the growing interest among retired consumers and youth demographics, each seeking different benefits from e-bike usage. The country's focus on reducing carbon emissions and promoting active transportation is creating a favorable environment for e-bike manufacturers and retailers. The integration of e-bikes into public bicycle-sharing networks and their increasing use in last-mile delivery services are opening new growth avenues in the Canadian market.
E-bike Market in Mexico
Mexico's e-bike market is experiencing significant growth, particularly in urban areas where e-bikes are increasingly becoming a preferred mode of commuting. The country's market dynamics are heavily influenced by its rapidly growing e-commerce sector and the increasing need for sustainable urban mobility solutions. Mexican cities are facing significant transportation challenges, including traffic congestion and air pollution, which is driving the adoption of e-bikes as an alternative mode of transportation. The government's initiatives to improve urban mobility and reduce carbon emissions are creating favorable conditions for e-bike market growth. The tourism sector, which accounts for a significant portion of Mexico's economy, is also contributing to market expansion through e-bike rental services and tour operations. Urban planning and transportation policies are increasingly incorporating provisions for e-bike infrastructure, reflecting the growing importance of this segment in Mexico's mobility landscape.
E-bike Market in Other Countries
The rest of the North American region, while representing a smaller portion of the overall market, shows promising growth potential in the e-bike sector. These markets are characterized by increasing awareness of sustainable transportation options and growing interest in recreational cycling activities. The adoption of e-bikes in these regions is being driven by factors such as urbanization, rising environmental consciousness, and the need for efficient last-mile transportation solutions. Local governments are increasingly supporting the development of cycling infrastructure and implementing policies to encourage e-bike adoption. The tourism industry in these regions is also playing a significant role in promoting e-bike usage through rental services and guided tours. The market in these areas is expected to benefit from the broader regional trends toward sustainable mobility and active transportation solutions.
North America E-bike Industry Overview
Top Companies in North America E-bike Market
The North American e-bike market features prominent players like Trek Bicycle Corporation, Cycling Sports Group, Giant Manufacturing, Yamaha Bicycles, and Rad Power Bikes leading the competitive landscape. These leading e-bike manufacturers are actively pursuing product innovation through the integration of advanced technologies like GPS tracking, smart connectivity features, and improved battery systems to enhance user experience. Operational agility is demonstrated through flexible manufacturing capabilities and robust supply chain networks, allowing companies to respond quickly to market demands. Strategic moves in the industry are centered around expanding direct-to-consumer sales channels, strengthening dealer networks, and establishing experience centers to provide customers with hands-on product testing opportunities. Market leaders are also focusing on geographical expansion through new manufacturing facilities, retail locations, and service centers across North America, while simultaneously developing specialized e-bike models for different consumer segments, including urban commuters, recreational riders, and cargo delivery services.
Dynamic Market with Diverse Player Mix
The North American e-bike market exhibits a fragmented competitive structure with a mix of global manufacturers and local specialists competing for market share. Established bicycle manufacturers have leveraged their brand reputation and existing distribution networks to gain significant positions in the e-bike segment, while specialized e-bike manufacturers have carved out niches through innovative designs and direct-to-consumer business models. The market features a combination of traditional bicycle companies that have expanded into e-bikes and pure-play e-bike manufacturers, creating a diverse competitive landscape with varying approaches to product development and market penetration. The presence of both large conglomerates with diverse product portfolios and smaller specialists focused solely on e-bikes has created a dynamic market environment with multiple paths to success.
The industry is characterized by ongoing consolidation activities as larger players seek to acquire innovative startups and smaller companies to expand their technological capabilities and market reach. Market participants are increasingly forming strategic partnerships with technology providers, battery manufacturers, and distribution partners to strengthen their competitive positions. The competitive dynamics are further shaped by the entry of automotive manufacturers and mobility solution providers into the e-bike space, bringing additional resources and technological expertise to the market. These developments have led to increased competition and innovation, driving improvements in product quality and customer service across the industry. Statistics on electric bike sales indicate a growing trend in consumer adoption, further intensifying the competitive landscape.
Innovation and Customer Experience Drive Success
For incumbent players to maintain and expand their market share, focusing on continuous product innovation and enhanced customer experience has become crucial. Companies need to invest in research and development to improve battery technology, motor efficiency, and smart features while maintaining competitive pricing. Building strong after-sales service networks, offering comprehensive warranty programs, and developing user-friendly digital platforms for customer engagement are becoming increasingly important. Successful market leaders are also diversifying their product portfolios to address different price points and use cases, while simultaneously strengthening their brand identity through sustainability initiatives and community engagement programs. The ability to maintain efficient supply chains and establish strong relationships with component suppliers is also proving to be a critical success factor.
New entrants and challenger brands can gain ground by focusing on specific market niches and developing innovative business models that address underserved customer segments. Success factors include offering unique value propositions through specialized product features, innovative financing options, or superior service experiences. Companies must also navigate the evolving regulatory landscape regarding e-bike classifications, speed limits, and usage restrictions while maintaining compliance with safety standards. The increasing focus on sustainable urban mobility solutions and government initiatives supporting alternative transportation methods presents opportunities for market expansion. Building a strong online presence, leveraging social media marketing, and developing effective direct-to-consumer channels while maintaining competitive pricing strategies are essential for gaining market share in this growing industry. E-bike sales by brand are increasingly influenced by these strategic initiatives.
North America E-bike Market Leaders
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Cycling Sports Group, Inc.
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Giant Manufacturing Co.
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Trek Bicycle Corporation
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VanMoof
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Yamaha Bicycles
- *Disclaimer: Major Players sorted in no particular order
North America E-bike Market News
- November 2022: Cannondale announced a new global unified organizational structure that may eliminate regional GMs and leverage Pon.Bike to enhance the company’s operations and growth.
- November 2022: Cannondale entered the urban e-mobility market with the Compact Neo electric bicycle.
- September 2022: All electric bicycles made by Aventon were updated with new features like better frames, integrated LED lighting, and full-color displays with Bluetooth connectivity. The company also launched the Aventon Level.2 commuter e-bike.
North America E-bike Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Bicycle Sales
- 4.2 GDP Per Capita
- 4.3 Inflation Rate
- 4.4 Adoption Rate Of E-bikes
- 4.5 Percent Population/commuters With 5-15 Km Daily Travel Distance
- 4.6 Bicycle Rental
- 4.7 E-bike Battery Price
- 4.8 Price Chart Of Different Battery Chemistry
- 4.9 Hyper-local Delivery
- 4.10 Dedicated Bicycle Lanes
- 4.11 Number Of Trekkers
- 4.12 Battery Charging Capacity
- 4.13 Traffic Congestion Index
- 4.14 Regulatory Framework
- 4.15 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Propulsion Type
- 5.1.1 Pedal Assisted
- 5.1.2 Speed Pedelec
- 5.1.3 Throttle Assisted
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5.2 Application Type
- 5.2.1 Cargo/Utility
- 5.2.2 City/Urban
- 5.2.3 Trekking
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5.3 Battery Type
- 5.3.1 Lead Acid Battery
- 5.3.2 Lithium-ion Battery
- 5.3.3 Others
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5.4 Country
- 5.4.1 Canada
- 5.4.2 Mexico
- 5.4.3 US
- 5.4.4 Rest-of-North America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Cycling Sports Group, Inc.
- 6.4.2 Giant Manufacturing Co.
- 6.4.3 Propella Electric Bikes
- 6.4.4 Rad Power Bikes
- 6.4.5 Ride Aventon Inc.
- 6.4.6 Riese & Müller
- 6.4.7 Royal Dutch Gazelle
- 6.4.8 Trek Bicycle Corporation
- 6.4.9 VanMoof
- 6.4.10 Yamaha Bicycles
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR E BIKES CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
North America E-bike Industry Segmentation
Pedal Assisted, Speed Pedelec, Throttle Assisted are covered as segments by Propulsion Type. Cargo/Utility, City/Urban, Trekking are covered as segments by Application Type. Lead Acid Battery, Lithium-ion Battery, Others are covered as segments by Battery Type. Canada, Mexico, US, Rest-of-North America are covered as segments by Country.Propulsion Type | Pedal Assisted |
Speed Pedelec | |
Throttle Assisted | |
Application Type | Cargo/Utility |
City/Urban | |
Trekking | |
Battery Type | Lead Acid Battery |
Lithium-ion Battery | |
Others | |
Country | Canada |
Mexico | |
US | |
Rest-of-North America |
North America E-bike Market Research FAQs
How big is the North America E-bike Market?
The North America E-bike Market size is expected to reach USD 4.11 billion in 2025 and grow at a CAGR of 16.41% to reach USD 7.54 billion by 2029.
What is the current North America E-bike Market size?
In 2025, the North America E-bike Market size is expected to reach USD 4.11 billion.
Who are the key players in North America E-bike Market?
Cycling Sports Group, Inc., Giant Manufacturing Co., Trek Bicycle Corporation, VanMoof and Yamaha Bicycles are the major companies operating in the North America E-bike Market.
Which segment has the biggest share in the North America E-bike Market?
In the North America E-bike Market, the Pedal Assisted segment accounts for the largest share by propulsion type.
Which country has the biggest share in the North America E-bike Market?
In 2025, US accounts for the largest share by country in the North America E-bike Market.
What years does this North America E-bike Market cover, and what was the market size in 2025?
In 2025, the North America E-bike Market size was estimated at 4.11 billion. The report covers the North America E-bike Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America E-bike Market size for years: 2025, 2026, 2027, 2028 and 2029.
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