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Mountain E-Bike Market Trends

Report ID: GMI11013
Published Date: Aug 2024
Report Format: PDF

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Mountain E-Bike Market Trends

The growing emphasis of governments on reducing carbon emissions and ensuring a cleaner environment has boosted the development of mountain e-bikes. In 2024, the U.S. government strengthened its support for green transportation by launching a federal tax credit for e-bike purchases. This initiative is designed to enhance the affordability and appeal of e-bikes for consumers by providing a tax credit of 30% of the e-bike's price, up to a maximum of USD 900.

The program covers new e-bikes that cost less than USD 4,000, including both pedal-assist and throttle-activated models with a maximum speed of 28 mph. Increasing usage of mountain e-bikes can help address the country’s health concerns such as asthma and respiratory diseases. The government aims to offer resiliency support to electric grids and support the adoption of e-bikes.

Major market players are engaged in various inorganic growth strategies such as partnerships, collaborations, and the setting up of new production facilities to expand their market globally. Market players, such as AIMA Technology and EMotorad, are focusing on the export of their mountain e-bikes to the international market to stay competitive.

The growing manufacturing and export of mountain e-bikes will augment the market demand in Asia Pacific as well as globally. According to the Germany Bicycle Association, the country exported over 90% of the e-bikes and bicycles produced in 2023, this will provide significant market opportunities for mountain e-bikes over a forecast time frame.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of mountain e-bike was worth USD 8.1 billion in 2023 and will grow at a 4.5% CAGR between 2024 and 2032, led by increasing interest in outdoor activities and adventure sports, coupled with a growing focus on sustainable transportation solutions.

The lithium-ion (Li-ion) battery segment achieved 80% of the market share in 2023, primarily due to its superior energy density, lightweight design, and longer lifespan compared to other battery types.

Asia Pacific market achieved 65% share in 2023, propelled by the growing urbanization and increasing interest in outdoor activities.

Some of the industry players are Accell Group, Brompton Bicycle Ltd, Giant Bicycles, Merdia Bikes, Polygon Bikes, Rad Power Bikes, LLC, Scott Sports Sa, Tern, Trek Bicycles, and Yadea Technology Group Co., Ltd., among others.