Home > Automotive > Automotive Parts > Exterior Parts > Electric Bike Range Extender Market

Electric Bike Range Extender Market Size

Report ID: GMI12615
Published Date: Dec 2024
Report Format: PDF

Download Free Sample

Electric Bike Range Extender Market Size

The global electric bike range extender market size was valued at USD 414.5 million in 2024 and is estimated to register a CAGR of 8.3% between 2025 and 2034. The increasing demand for e-mobility is being driven by global efforts to reduce carbon emissions and reliance on fossil fuels. Electric vehicles (EVs), including e-bikes, are seen as a crucial part of achieving sustainability goals.

To get key market trends

Download Free Sample

According to the International Energy Agency (IEA), global EV sales surged by 40% in 2023, reflecting the growing consumer preference for eco-friendly transportation solutions. This trend is further supported by government incentives and subsidies for e-mobility solutions, pushing consumers to adopt electric alternatives.

Electric Bike Range Extender Market Report Attributes
Report Attribute	Details
Base Year:	2024
Electric Bike Range Extender Market Size in 2024:	USD 414.5 Million
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	8.3%
2034 Value Projection:	USD 892.4 Million
Historical Data for:	2021 – 2024
No. of Pages:	175
Tables, Charts & Figures:	300
Segments covered:	Product, Technology, Material, Application, Distribution Channel, End-user
Growth Drivers:	Increasing demand for E-mobility Integration with smart battery management systems (BMS) Shift towards renewable energy sources
Pitfalls & Challenges:	High initial cost Battery lifespan concerns

Learn more about the key segments shaping this market

Download Free Sample

Additionally, the shift towards urban mobility, especially in congested cities, has led to the rise of e-bikes as an alternative to traditional vehicles. E-bikes provide a convenient, cost-effective, and energy-efficient solution for short-distance travel, appealing to urban dwellers who seek faster commuting options without the high costs and environmental impact of cars. The increasing focus on sustainability and green technologies in transportation has propelled the adoption of electric bikes, with the electric bike range extender market expected to grow significantly in the coming years.

Moreover, advancements in battery technology, such as improved energy density and faster charging, have made e-bikes more attractive. As technology improves, the range of e-bikes has increased, addressing one of the primary concerns of potential users—range anxiety. The integration of range extenders and enhanced powertrain systems further boosts the appeal of e-bikes, allowing users to travel longer distances. This growing adoption of e-bikes is not only transforming the transportation sector but also contributing to the development of related industries, including range extender technologies.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric bike range extender reached USD 414.5 million in 2024 and is set to grow at a CAGR of 8.3% from 2025 to 2034, driven by the increasing demand for e-mobility.

The offline segment captured 54.4% of the market share in 2024, as consumers prefer to physically inspect products and receive expert advice before purchasing high-investment items like range extenders.

The North America market accounted for 33% of the revenue share in 2024, led by early adoption of electric vehicles and strong government incentives.

Key players in the industry include Bafang Electric, Bosch, Brose Fahrzeugteile, FAZUA, Mahle, Panasonic Corporation, Shimano, TQ-Group, Valeo, and Yamaha Motor.