The e-bikes market is projected to expand at a sturdy pace through 2027 owing to rising government initiatives to promote the adoption of e-mobility in key regions globally.

E-bikes or electric bikes refer to bicycles that are equipped with several electrical components, including a controller, a motor, and a battery. These bicycles are designed to enhance human power while giving a more effortless commute experience as compared to regular bikes.

Recent studies have shown that the increase in sales of e-bikes during the COVID-19 pandemic can be attributed to growing concerns among commuters regarding potential risks of exposure to COVID-19 in public transport, rising awareness pertaining to health benefits of biking, and the reliability of e-bikes as a means of transport. Consequently, this favorable shift of commuters towards a clean and healthy mode of transportation has augmented industry uptake during the pandemic.

The e-bikes market has been segmented based on sales channel, product, propulsion type, battery, motor, and region. With respect to product, the market has further been classified into city/urban bike, cargo bike, and trekking bike.

The cargo bike sub-segment is estimated to expand at a CAGR of more than 10% over the projected timeline. Rising focus of courier companies on sustainable mobility solutions to deliver packages would boost e-bike sales in North America, which is likely to drive segmental growth over the forthcoming period.

From the viewpoint of battery, the e-bikes market has been segregated into NiMH, SLA, and lithium-ion. The SLA sub-segment is set to witness optimistic growth through the assessment timeline owing to the low price and wider availability of SLA batteries.

On the basis of motor, the e-bikes market has been bifurcated into mid motor and hub motor. The mid motor sub-segment is slated to garner a considerable valuation by 2027 on account of several advantages offered by mid motor, such as higher torque generation and faster response.

In terms of propulsion type, the market has been categorized into throttle assist and peddle-assist. The e-bikes market from the throttle assist sub-segment is expected to showcase a robust growth trajectory over 2021-2027. Easy handling operation and instant power ability provided by throttle assist propulsion systems are set to drive product demand over the review period.

From the sales channel perspective, the e-bikes market has been divided into offline and online. The online sub-segment is anticipated to attain a notable share in the overall market by 2027.Shifting consumer focus towards online sales channels driven by better selection options and discounts offered by online sales channels is likely to propel segmental expansion over the analysis timespan.

In the regional landscape, the Latin America e-bikes market is projected to gain substantial traction through the forecast period owing to rising fuel prices in LATAM, along with surging availability of e-bikes through e-commerce platforms in the region.