E-bikes: market size worldwide forecast 2015 and 2029

The e-bike market is projected to generate around 44.1 billion U.S. dollars in revenue by 2029. In 2024, revenue from the global e-bike market U.S. dollars.

Large markets across the globe

The Asia-Pacific region is the largest e-bike market, but the European market has picked up steam. In some countries within Europe, e-bikes now make up more than half of all bicycles sold. The leader here is the Netherlands, which reached this tipping point in 2020. Germany is another important market for e-bikes, with 2.1 million units sold in 2023.