Canada Electric Two-Wheeler Market Overview, 2029

Canada Electric Two-Wheeler Market Overview, 2029

The Canadian electric two-wheeler market is expanding rapidly, driven by a variety of factors that contribute to its dynamic nature. Pedal-assist models are the most popular type of e-bike, providing users with a harmonious balance of human pedalling strength and electrical aid. This popularity is supported by the widespread adoption of lithium-ion batteries, which continue to impose their supremacy due to lower costs and ever-improving performance parameters. In addition to e-bikes, e-scooters are becoming increasingly popular, especially for short-distance commutes and shared mobility options. This tendency is part of a larger shift toward accepting alternate forms of transportation, fueled by a combination of cultural, economic, and environmental considerations. An increasing environmental consciousness, combined with rising gas prices, is driving demand for environmentally friendly alternatives such as e-bikes and e-scooters. Furthermore, the growing emphasis on health and fitness is presenting e-bikes as an appealing option for enjoyment and exercise, adding to their popularity. Urbanisation and traffic congestion are also boosting the need for convenient and nimble transportation options such as e-bikes and e-scooters.

According to the research report “Canada Electric Two Wheeler Market Overview, 2029,"" published by Bonafide Research, the Canada Electric Two Wheeler Market is forecasted to value at more than USD 150 Million by 2029. Government incentives, such as rebates granted by provinces like British Columbia, play an important role in boosting adoption rates by offsetting the higher initial costs associated with these cars. However, problems remain, such as infrastructure development to accommodate charging stations and specific lanes for electric two-wheelers. E-bikes have evolved as a broad market, with prices ranging from $1,000 to $5,000 and higher, depending on features and technical improvements. Established heavyweights like Trek and Specialized now include e-bikes in their product lines, as do nimble startups like Rad Power Bikes, resulting in a diverse range of options that appeal to a variety of consumer needs. This competitive landscape highlights the industry's dynamic and potential for innovation, as companies compete to carve out a position in the developing electric bicycle market. Furthermore, navigating the regulatory landscape poses its own set of obstacles, with e-scooter legislation changing by province and certification standards complicating matters for manufacturers. Despite these challenges, government regulations that encourage electric vehicles and active transportation, together with increased investments in cycling infrastructure, create a favourable climate for industry growth. Events like bike parades and e-scooter pilot programs help to build awareness and encourage acceptance, pointing to a bright future for the Canadian electric two-wheeler business as it matures and evolves.

The electric two-wheeler market encompasses various segments based on different criteria such as vehicle type, battery type, motor power, and usage. Firstly, the market is divided by vehicle type, with electric motorcycles and electric scooters being the primary categories. Electric motorcycles, powered by electric motors and batteries, offer zero-emission transportation with lower operating costs and improved performance thanks to advancements in battery technology. Electric scooters, similarly powered by electric motors and rechargeable batteries, cater to short-distance commuting and urban transportation needs, offering convenience and eco-friendliness. Secondly, segmentation by battery type distinguishes between sealed lead-acid (SLA) and lithium-ion batteries. SLA batteries, known for their maintenance-free operation and suitability in environments with limited ventilation, find applications across various electric vehicles, including two-wheelers. On the other hand, lithium-ion batteries, characterised by their high energy density, are favoured for their lighter weight and enhanced storage capacity, making them ideal for electric motorcycles and scooters seeking improved performance and range.

Further segmentation based on motor power includes 48V, 60V, and 72V systems, each offering distinct performance characteristics. The 48V segment typically caters to lower power ranges, balancing performance with cost-effectiveness. Meanwhile, the 60V segment strikes a balance between power output and battery capacity, suitable for various electric motorcycles and scooters. The 72V segment targets higher performance and longer range, appealing to consumers seeking enhanced capabilities for their electric two-wheelers. Additionally, there exists an ""Others Motor Powers"" segment encompassing electric vehicles with motor powers outside the specified categories, providing further diversity in the market. Lastly, segmentation by usage separates electric two-wheelers into commercial and private categories. Commercial electric vehicles are optimised for business-related activities such as delivery services and last-mile transportation, prioritising factors like range, durability, and carrying capacity to meet the demands of commercial users. In contrast, private electric two-wheelers target individual consumers for personal commuting, recreation, or general transportation purposes, offering flexibility and convenience for private use.

E-bikes are distributed through a diverse network that includes traditional brick-and-mortar bicycle shops, online merchants, and direct manufacturer sales. This broad strategy assures accessibility and responds to a wide range of consumer tastes, hence promoting mainstream adoption. Conversely, e-scooter sales face legal difficulties, limiting direct ownership alternatives while encouraging an environment suitable to sharing services provided by industry participants. Notably, Canada's e-scooter business, while still in its early stages compared to its US counterpart, has the potential to grow, fueled by evolving legislative frameworks and shifting consumer attitudes toward sustainable urban mobility solutions. Canada's resource-rich geography makes it an attractive location for the production of lithium-ion battery components, albeit it may rely on imported materials. This dynamic highlights the country's strategic importance in the global electric mobility ecosystem, as attempts to strengthen domestic manufacturing skills coincide with the need to guarantee reliable supply chains. As demand for e-bikes and related technology rises, Canada's involvement in the value chain is set to grow, powered by strategic investments and collaborative activities targeted at strengthening its competitive edge in sustainable mobility solutions.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Electric Two-Wheeler market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Vehicle Type
• Electric Motorcycle
• Electric Scooter

By Battery
• Sealed Lead Acid (SLA)
• Lithium-Ion

By Motor Power
• 48 V
• 60 V
• 72 V
• Others

By Usage
• Commercial
• Private

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Electric Two-Wheeler industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.