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E-Trekking Bike Market Analysis

  • Report ID: GMI8503
  • Published Date: Mar 2024
  • Report Format: PDF

E-Trekking Bike Market Analysis

Based on battery type, the market is divided into SLA, Li-ion and NiMH. The Li-ion battery segment dominated around USD 9 billion revenue in 2023 and is set to exceed USD 11 billion by 2032, largely driven by their widespread adoption for offering higher energy density, longer lifespan, and faster charging capabilities compared to traditional battery options. Li-ion batteries enable e-trekking bikes to achieve greater range and performance, making them more appealing to consumers seeking efficient and reliable transportation solutions. Furthermore, the decreasing cost and increasing availability of Li-ion batteries have made electric bikes more accessible to a broader demographic.


E-Trekking Bike Market Share, By Motor, 2023

Based on motor, the e-trekking bike market is categorized into hub motor and mid motor. The hub motor segment held over USD 7 billion in 2023 and is expected to cross USD 9 billion by 2032, due to their ability to provide reliable propulsion for enhancing the overall riding experience. Hub motors offer several advantages, including silent operation, low maintenance requirements, and smooth acceleration, making them ideal for trekking and off-road adventures.


Moreover, their integrated design ensures seamless integration with the bike's frame, contributing to a sleek and streamlined appearance. As consumers seek reliable and versatile transportation options, the popularity of e-trekking bikes equipped with hub motors will continue to rise.


Asia Pacific E-Trekking Bike Market Size, 2022-2032 (USD Billion)

Asia Pacific e-trekking bike market accounted for 60% of the revenue share in 2023, attributed to the rising adoption of sustainable transportation solutions. Rapid urbanization, coupled with increasing environmental concerns, has prompted consumers to seek eco-friendly alternatives to traditional modes of transportation. Additionally, the diverse landscapes, ranging from bustling cities to scenic countryside, make e-trekking bikes an attractive option for both commuters and outdoor enthusiasts. The influx of government initiatives is also promoting electric mobility and infrastructure development. The growing population and rising disposable incomes in the Asia-Pacific will also represent significant market opportunities for e-trekking bike manufacturers.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of e-trekking bike reached USD 12.6 billion in 2023 and is set to register over 3% CAGR from 2024-2032, owing to the innovative product launches from leading companies and rising focus on sustainability and efficiency worldwide.

The Li-ion segment exceeded over USD 9 billion in 2023, due to their widespread adoption for offering higher energy density, longer lifespan, and faster charging capabilities.

Asia Pacific market held over 60% share in 2023, attributed to rapid urbanization, coupled with increasing environmental concerns in the region.

Accell Group, Brompton Bicycle Ltd, Giant Bicycles, Merdia Bikes, Polygon Bikes, Rad Power Bikes, LLC, Scott Sports Sa, Specialized Bicycle Components, Tern, and Trek Bicycles, are some of the major e-trekking bike companies worldwide.

E-Trekking Bike Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 600
  • Countries covered: 25
  • Pages: 220
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