Global Class 2 E-bikes Market Growth 2023-2029

Global Class 2 E-bikes Market Growth 2023-2029

The global Class 2 E-bikes market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In United States market, key players of Class 2 E-bikes include Rad Power Bikes, Aventon, Lectric, Pedego and Himiway, etc. Top five players hold a share nearly 80%. In terms of product types, Urban E-bikes is the largest market segment, occupying for a share of nearly 50%. In terms of product sales channel, most of the channels are offline, with a market share of about 65%, followed by online.

Class 2 e-Bikes that also have a maximum speed of 20 mph, but are throttle-assisted. The Class 2 e-bike is equipped with a throttle which provides a boost without pedaling and stops assisting at 20 mph, where the motor can work independently. Class 2 throttle-assist E-Bikes are often allowed most places a traditional bicycle can go, though some states and cities are opting for additional restrictions (e.g. New York City & Michigan State). Class 2 may not be suitable for singletrack mountain bike trails — it has been shown that they pose greater physical damage to trails due to the throttle-actuation. Class 2 may be better suited for multi-use OHV trails designed for more rugged off-road vehicles.

LPI (LP Information)' newest research report, the “Class 2 E-bikes Industry Forecast” looks at past sales and reviews total world Class 2 E-bikes sales in 2022, providing a comprehensive analysis by region and market sector of projected Class 2 E-bikes sales for 2023 through 2029. With Class 2 E-bikes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Class 2 E-bikes industry.

This Insight Report provides a comprehensive analysis of the global Class 2 E-bikes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Class 2 E-bikes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Class 2 E-bikes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Class 2 E-bikes and breaks down the forecast by type, by sales channel, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Class 2 E-bikes.

This report presents a comprehensive overview, market shares, and growth opportunities of Class 2 E-bikes market by product type, sales channel, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Urban E-bikes
Mountain E-bikes
Others

Segmentation by sales channel
Offline
Online

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Rad Power Bikes
Aventon
Lectric
Pedego
Himiway
Ariel Rider
Blix
Juiced
Super73
Ride1UP
QuietKat
ENGWE

Key Questions Addressed in this Report

What is the 10-year outlook for the global Class 2 E-bikes market?

What factors are driving Class 2 E-bikes market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Class 2 E-bikes market opportunities vary by end market size?

How does Class 2 E-bikes break out type, sales channel?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.