Class 2 E-bikes Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 5.4 Billion by 2030, growing at a CAGR of 10.5% from 2024 to 2030.
The Class 2 e-bikes market demonstrated significant growth in 2022, with the market size reaching approximately USD 2.5 billion. This segment of e-bikes, which features a pedal-assist system with a maximum speed of 20 mph, saw a robust increase due to rising consumer preference for eco-friendly transportation options. The compound annual growth rate (CAGR) for the Class 2 e-bikes market was estimated at 7.8% in 2022, reflecting a strong expansion trajectory driven by urban mobility needs and advancements in battery technology.
Opportunity analysis reveals that the Class 2 e-bikes market is poised for further expansion, particularly in emerging markets where infrastructure improvements and increased environmental awareness are creating favorable conditions for growth. Regions such as Southeast Asia and Latin America are anticipated to experience accelerated adoption rates, supported by favorable government policies and growing urban populations. The market's potential is also bolstered by ongoing innovations in e-bike technology and the increasing integration of smart features, which are expected to enhance user experience and drive further market growth.
Get an In-Depth Research Analysis of the Global Class 2 E-bikes Market Size And Forecast [2025-2032]
Rad Power Bikes
Aventon
Lectric
Pedego
Himiway
Ariel Rider
Blix
Juiced
Super73
Ride1UP
QuietKat
ENGWE
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Class 2 E-bikes Market
Application I
Application II
Application III
Application IV
Based on Types the Market is categorized into Below types that held the largest Class 2 E-bikes market share In 2023.
Urban E-bikes
Mountain E-bikes
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Class 2 E-bikes Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Class 2 E-bikes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Class 2 E-bikes Market, By Type
6. Global Class 2 E-bikes Market, By Application
7. Global Class 2 E-bikes Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Class 2 E-bikes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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