United States E-bike Market Forecast 2024-2032

United States E-bike Market Forecast 2024-2032

KEY FINDINGS

The United States e-bike market is anticipated to develop with a CAGR of 10.32% over the forecast period of 2024-2032. The e-bike market’s growth in the United States is fueled by the rising emphasis on travel and recreational activities, in addition to the need to alleviate traffic congestion.

MARKET INSIGHTS

To enhance sales in the United States, e-bike retailers concentrate on engaging active older consumers, particularly baby boomers aged between 52 and 70; the population constitutes approximately 25% of American inhabitants and represents a significant demographic for e-bike adoption. Many in this demographic exhibit an interest in cycling but encounter health-related challenges like knee and joint pain or exercise-induced asthma.

Moreover, retailers in the US underscore the advantages of e-bikes to appeal to this demographic, emphasizing features such as easy pedaling, decreased exertion required for propulsion due to the electric motor, and reduced cardiovascular strain during rides. These features facilitate a gradual increase in heart rate, minimizing sudden spikes induced by uphill climbs or uneven terrain.

Additionally, vendors target urban youth who favor biking over car commuting to circumvent the associated hassles and expenses of vehicle ownership, including insurance, parking, fuel, licensing, and maintenance costs. These factors are anticipated to drive demand for e-bikes in the United States, consequently fostering market growth in the projected period.

COMPETITIVE INSIGHTS

Some of the major companies in the market include BionX International Corporation, Accell Group, Robert Bosch GmbH, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments