The global bike industry in 2025 is experiencing steady growth, driven by increasing demand for sustainable and eco-friendly transportation. Traditional bike sales have seen a rebound, with exports rising by 20.4% year-on-year in the first nine months of 2024, particularly in regions like Asia-Pacific and Europe, where cycling infrastructure is expanding. Urbanization, rising fuel costs, and environmental concerns are pushing consumers toward bikes for commuting and leisure, especially in densely populated cities facing traffic congestion.

The e-bike market is a major growth driver, valued at USD 61.89 billion in 2024 and projected to grow at a CAGR of 10.3% through 2030. This surge is fueled by advancements in battery technology (like lithium-ion and emerging Lithium-Iron Phosphate batteries), lighter materials such as carbon fiber, and smart features like app-based connectivity and GPS navigation. Pedelec e-bikes dominate due to their user-friendly pedal-assist features, while cargo e-bikes are the fastest-growing segment, especially in North America, due to their use in last-mile delivery and logistics.

China plays a pivotal role in both the bike and e-bike industries, accounting for over 90% of global e-bike production and consumption in 2023. The country’s market is expected to grow from USD 10.68 billion in 2024 to USD 12.39 billion by 2029, with a CAGR of 3%. China’s dominance stems from its robust manufacturing ecosystem, government support for green transportation, and high demand in urban areas like East China, where population density makes e-bikes a practical choice.

1) Age 28 years or older
2) Participants from:
Europe, Australia
South, Central, North America
Russia, Ukraine, Belarus, Moldova, Georgia, Armenia