The India E-Bike Market report segments the industry into Propulsion Type (Pedal Assisted, Speed Pedelec, Throttle Assisted), Application Type (Cargo/Utility, City/Urban, Trekking), and Battery Type (Lead Acid Battery, Lithium-Ion Battery, Others). Five years of historical data and market forecasts are included.

The India E-bike market size reached USD 1,302.9 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 3,000.5 Million by 2033, exhibiting a growth rate (CAGR) of 8.70% during 2025-2033. The increasing sales of e-bikes, inflating prices of petrol, and the growing number of EV charging represent some of the key factors driving the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 1,302.9 Million
Market Forecast in 2033	USD 3,000.5 Million
Market Growth Rate 2025-2033	8.70%

IMARC Group provides an analysis of the key trends in each sub-segment of the India E-bike market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on propulsion type, battery type, power and application.

Discover the booming Indian e-bike market! Explore key trends, growth drivers, and leading companies shaping this dynamic sector, projected to reach significant value by 2033. Learn about market segmentation by propulsion, application, and battery type. Recent developments include: March 2023: Nibe Limited's board of directors accepts private placement and preferential issue fundraising plans up to Rs.104.40 Cr.November 2022: Motovolt Mobility has raised new funding in a pre-series A round of Rs 16 crore, which will be used to launch new products, launch marketing campaigns, and expand its footprint across India through more retail outlets.November 2022: EMotorad introduces the "Doodle v2" folding e-bike for Rs 49,999. It is available for purchase on the company's website as well as on Amazon and Flipkart.. Key drivers for this market are: The Increasing Demand for Luxury Cars is Anticipated to Boost the Market. Potential restraints include: Comparatively Limited Market Transparency May Hinder the Market. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The India Electric Bike Rental Market Report is Segmented by Application Type (Urban/City and Cargo & Logistics), Vehicle Type (Pedal-Assisted and Throttle-Assisted), End User (Consumers B2C and More), Subscription Model (Hourly, Daily, and More), Battery Type (Lithium-Ion, Lead-Acid, and Others), and Power Output (Less Than or Equal To 250 W and 251–500 W). The Market Forecasts are Provided in Terms of Value (USD).

USD 1.58 Billion in 2024; projected USD 4.27 Billion by 2033; CAGR 11.71%.

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E-Bike Market Size and Forecast 2025-2029

The e-bike market size estimates the market to reach by USD 28.3 billion, at a CAGR of 10.4% between 2024 and 2029.APAC is expected to account for 79% of the growth contribution to the global market during this period. In 2019 the SLA batteries segment was valued at USD 25.13 billion and has demonstrated steady growth since then.

The market is experiencing significant growth, driven by increasing sustainability and environmental concerns, making e-bikes an attractive alternative to traditional motor vehicles. The popularity of connected e-bikes, which offer features such as GPS tracking, smartphone integration, and real-time performance data, is further fueling market expansion. However, the market faces challenges, including the risk of product recalls due to possible failures of e-bike components. These recalls can lead to reputational damage and financial losses for manufacturers.
Companies must prioritize product quality and safety to mitigate these risks and maintain consumer trust. To capitalize on market opportunities and navigate challenges effectively, businesses should focus on innovation, sustainability, and robust quality control measures.

What will be the Size of the E-Bike Market during the forecast period?

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The market continues to evolve, driven by advancements in technology and shifting consumer preferences. Hub motor performance and energy consumption rate are key areas of focus, with manufacturers striving to optimize these factors for improved efficiency and longer ranges. For instance, a leading e-bike manufacturer reduced charging time by 30% through innovative battery technology. Tire rolling resistance, torque sensor technology, and GPS navigation integration are other critical aspects shaping the market. Frame material strength, integrated sensors, and electric motor efficiency are essential for enhancing performance and safety. Braking system performance and charging time reduction are also significant concerns, with regenerative braking systems gaining popularity for their energy recovery capabilities.

Lighting system efficiency, theft prevention systems, and battery pack capacity are essential for ensuring user convenience and peace of mind. Pedal assist levels, wheel size impact, motor controller design, and chain drive system are other factors influencing e-bike performance and user experience. Connectivity options, maintenance requirements, weight distribution effect, and repair cost estimation are essential considerations for e-bike buyers. The market is expected to grow at a robust pace, with industry analysts projecting a 15% annual growth rate. Safety features, such as power assist cutoff, motor thermal management, e-bike component lifespan, and range anxiety mitigation, are becoming increasingly important.

Display unit features and maximum speed limiter are also significant factors, as they offer riders valuable information and control over their e-bikes. Lithium-ion battery life and battery management systems are crucial for ensuring reliable and long-lasting e-bike performance. Mid-drive motor systems and belt drive systems are gaining traction for their efficiency and durability. Overall, the market is an ever-evolving landscape, with continuous innovation and progress shaping its future.

How is this E-Bike Industry segmented?

The e-bike industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Battery Type

  SLA batteries
  Li-ion batteries


Propulsion

  Pedal assist
  Throttle assist


Drive

  Belt drive
  Chain drive
  Belt drive
  Chain drive


End Use

  Personal
  Commercial
  Personal
  Commercial


Speed

  Up to 25 km/h
  25-45 km/h
  Up to 25 km/h
  25-45 km/h


E-Bike Type

  City
  Mountain
  Folding
  Cargo


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Battery Type Insights

The sla batteries segment is estimated to witness significant growth during the forecast period.

Electric bikes (e-bikes) incorporate various technological advancements in Electric vehicles to enhance performance and user experience. Sealed Lead Acid (SLA) batteries, a common power source, offer affordability and minimal maintenance requirements. SLA batteries, also known as gel cells, are partially sealed lead-acid batteries with coagulated sulfuric acid electrolyte. They are heavier and larger than lithium-ion batteries, but provide reliability. Hub motor performance is crucial, with high torque output ensuring efficient power

Gain insights into the India E-Bike Market, size at USD 1.5 Bn in 2023, showcasing industry trends and business potential.

Ola Electric dominated the electric two-wheeler market in India, with a share of ** percent in financial year 2023. This was followed by Okinawa and Hero, having a share of ** percent and ** percent, respectively.

This dataset contains records of motorcycle sales across various Indian states, covering top brands like Honda, Royal Enfield, TVS, Yamaha, Hero, Bajaj, KTM, and Kawasaki. The dataset includes key attributes such as average daily distance traveled, engine capacity, fuel type, mileage, price, resale value, insurance status, and seller type. It provides insights into bike sales trends, market demand, and resale values across different city tiers.

🔹 Use Cases:

Market Analysis: Understand the sales trend of different brands and models.

Resale Price Estimation: Analyze depreciation trends.

Consumer Behavior: Study how owner type, insurance, and mileage impact pricing.

Geographical Trends: Identify demand patterns in different Indian states and city tiers.

State (Random Indian states)

Average Daily Distance (in km, between 5-80 km)

Bike Brand (One of the top 10 brands you listed)

Model Name (Random bike models per brand)

Price (INR) (Based on brand & model)

Year of Manufacture (2015-2024)

Engine Capacity (cc) (100cc - 1000cc)

Fuel Type (Petrol, Electric, Hybrid)

Mileage (km/l) (Varies by brand)

Owner Type (First, Second, Third)

Registration Year (Varies based on Year of Manufacture)

Insurance Status (Active, Expired, Not Available)

Seller Type (Dealer, Individual)

Resale Price (INR) (Based on depreciation formula)

City Tier (Metro, Tier 1, Tier 2, Tier 3)

According to forecasts, the world market will increase from USD 54.7 billion in 2025 to USD 124.6 billion in 2035, with a CAGR of 8.5%. Thanks to the strong policy support, technological advancement, and shifting consumer attitudes, the e-Bikes have the potential to be at the forefront of the personal mobility revolution.

Metric	Value
Industry Size (2025E)	USD 54.7 billion
Industry Value (2035F)	USD 124.6 billion
CAGR (2025 to 2035)	8.5%

Country-Wise Analysis

Country	CAGR (2025 to 2035)
United States	8.2%

Country	CAGR (2025 to 2035)
United Kingdom	7.9%

Region	CAGR (2025 to 2035)
European Union	8.4%

Country	CAGR (2025 to 2035)
Japan	5.9%

Country	CAGR (2025 to 2035)
South Korea	8.3%

Competitive Outlook Market Overview

Company Name	Estimated Market Share (%)
Giant Manufacturing Co. Ltd.	14-17%
Accell Group N.V.	11-14%
Yamaha Motor Co., Ltd.	9-12%
Trek Bicycle Corporation	7-10%
Pedego Electric Bikes	5-7%
Other Companies (combined)	45-55%

The size of the India Electric Bike Rental Market market was valued at USD 6.84 Million in 2024 and is projected to reach USD 15.22 Million by 2033, with an expected CAGR of 12.10% during the forecast period. Recent developments include: February 2023: Joining the burgeoning electric two-wheeler space, Bengaluru-headquartered electric mobility platform Yulu Bikes Pvt Ltd, in partnership with Bajaj Auto Ltd, launched two new electric 2-wheelers (e2Ws), namely Miracle GR and DeX GR., December 2022: The Karnataka Transport Department announced its decision to issue a license to Wicked Ride, the parent company of Bounce, to operate electric bike taxi services in the state., June 2023: Yulu's signature small, blue-colored signature rental electric bikes (e-bikes) are gaining traction in the most prominent localities of Bengaluru, Delhi, and Mumbai. The electric mobility startup launched a new low-speed e-bike model, Yulu Wynn.. Key drivers for this market are: Growing Adoption of Electric Vehicles is Anticipated to Boost the Market. Potential restraints include: Limited EV Charging Infrastructure May Hinder the Market Growth. Notable trends are: The Pedal-assisted Segment Holds the Highest Share by Vehicle Type.

The Indian electric scooters and motorcycles market will stand at an estimated USD 681.3 million in 2024, advancing at a CAGR of 66.4% during 2024-2030.

• The global industry was valued at US$ 50.5 Bn in 2022
• It is estimated to grow at a CAGR of 7.1% from 2023 to 2031 and reach US$ 95.5 Bn by the end of 2031

Market Snapshot

Attribute	Detail
Market Value in 2022 (Base Year)	US$ 50.5 Bn
Market Forecast Value in 2031	US$ 95.5 Bn
Growth Rate (CAGR)	7.1%
Forecast Period	2023-2031
Historical Data Available for	2017-2021
Quantitative Units	US$ Bn for Value and Units for Volume
Market Analysis	Qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, and SWOT analysis. Furthermore, at the regional level, the qualitative analysis includes key trends, price trends, and key supplier analysis.
Competition Landscape	Prominent Players – Competition Dashboard and Revenue Share Analysis, 2022 Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
Format	Electronic (PDF) + Excel
Market Segmentation	Mode Pedal Assist Mode Throttle Mode Class Class-1 Class-2 Class-3 Usage Mountain & Trekking City/Urban Cargo Others Motor Type Mid Motor Hub Motor Battery Type Cargo Cargo Polymer Lead Acid Others
Regions Covered	North America South America Asia Pacific Europe Middle East & Africa
Countries Covered	U.S. Canada Germany U.K. France Spain Italy Russia and CIS Japan China India ASEAN Brazil Mexico GCC
Companies Profiled	Johammer e-Mobility GmbH Harley Davidson Govecs AG Giant Group Energica Motor Company S.p.A Douze Factory SAS Kalkhoff Werke Butchers & Bicycles BMW Group AIMA Technology Accell Group
Customization Scope	Available upon Request
Pricing	Available upon Request

The Global E-Bike Market Report is Segmented by Propulsion Type (Pedal Assisted, Speed Pedelec, and More), Application Type (Cargo/Utility, City/Urban, and More), Battery Type (Lead Acid Battery, Lithium-Ion Battery, and More), Motor Placement (Hub (Front/Rear), Mid-Drive), Drive Systems, Motor Power, Price Band, Sales Channel, End Use, and Geography. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The India E-bike Market size was valued at USD 25.00 Billion in 2024 and is projected to reach USD 48.02 Billion by 2032, growing at a CAGR of 8.5% from 2025 to 2032. Rising Demand for Sustainable Transportation: The demand for electric bikes (e-bikes) in India is rising rapidly due to increased environmental awareness and government incentives. The Indian government has launched various initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme to promote eco-friendly transportation. As of 2023, under the FAME II scheme, the government allocated USD 1.197 billion to support electric vehicle adoption, including e-bikes. Growing Government Support for EVs: The growing support from the Indian government for electric vehicles, including e-bikes, has significantly boosted the market. In 2023, the government announced the extension of the FAME II scheme until 2024 with an additional USD 117.3 million allocated for incentives. This scheme supports e-bike manufacturers, distributors, and customers, making electric bikes more affordable and accessible.

India E-bike comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

India’s e-bike market will grow at 7.48% CAGR (2024–2029), fueled by affordability, government support for green mobility, and urban transport needs.

The size of the India Electric Bike Market was valued at USD 7.9 Bn in 2023 and is projected to reach USD 16.93 Bn by 2032, with an expected CAGR of 11.50% during the forecast period. Recent developments include: Hero Cycles Limited partners with Gogoro to introduce a new range of electric bikes.

, Ola Electric launches its latest electric scooter model, Ola S1 Pro., Government of India approves the FAME-II subsidy scheme for electric vehicles, including electric bikes.. Key drivers for this market are: Government Incentives: Government subsidies and tax exemptions encourage electric bike adoption.

Environmental Awareness: Rising concerns about pollution and climate change drive consumer preference for eco-friendly transportation.. Potential restraints include: High Initial Cost: Electric bikes can be more expensive than traditional bicycles, posing a barrier to entry for some consumers.

Limited Charging Infrastructure: Inadequate charging stations hinder the adoption of electric bikes in remote areas.. Notable trends are: Connected Electric Bikes: Integration of IoT and GPS technology for enhanced user experience and safety.

Subscription-based Electric Bikes: Flexible rental and leasing options to cater to varying consumer needs..

The India electric scooter and motorcycle market was estimated to attain a volume of 1.14 Million Units in 2024. The industry is expected to grow at a CAGR of 26.10% during the forecast period of 2025-2034. Battery swapping is significantly driving the India electric scooter and motorcycle market, offering quick energy replenishment for delivery fleets and urban riders while reducing upfront vehicle costs and addressing range anxiety in congested cities. This in turn is expected to push the market ahead to attain 11.59 Million Units by 2034.

India's electric two-wheeler (e2W) segment continues to exhibit encouraging growth despite volatility. According to data from the Federation of Automobile Dealers Associations (Fada), total e2W sales in 2025 stood at 1,73,820 units, up 5.41% from 2024. This directly indicates the growth of India electric scooter and motorcycle market. The month of January recorded good momentum with 97,734 units sold, up 18.9% Y-o-Y. In February, there was a dip, with sales dropping to 76,086 units, down 8.05% Y-o-Y. This reflects changing consumer attitudes and potential policy or supply chain influences on monthly sales in the expanding electric mobility market.

As per industry reports, the traditional scooters and bikes run by fuel contribute almost 27% to the polluted air, and this leads to almost 1.2 million deaths every year. This necessitates the need for non-polluting two-wheeler alternatives, like electric scooters and motorcycles. Since they run on battery technology, there is no scope of air pollution.

Electric mobility is gaining traction in India owing to the increasing fuel prices and rising environmental concerns over fuel combustion. In a developing country like India, electric scooter and motorcycle is a high demand commodity, particularly for the middle-class population. Their low running cost, affordability, and usability in daily commuting makes them a great substitute for the conventional fuel-run vehicles, thereby bolstering the growth of the India electric scooter and motorcycle market.

Electric scooters are gaining pace among the women population for its ease of easy commute and battery efficiency. This is backed up by government initiatives like the Amma two-wheeler working women scheme by the Department of Social Welfare and Women Empowerment, India. Such an initiative empowers working women by facilitating their ability to buy women-friendly two-wheelers and to facilitate their journey to their enterprises, work locations, and interactions with banks and community-based institutions.

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Folding Electric Bicycle Market Size 2025-2029

The folding electric bicycle market size is forecast to increase by USD 264.9 million, at a CAGR of 10.3% between 2024 and 2029.

The bicycle market is experiencing significant growth, driven by the increasing traffic congestion in urban areas and the emergence of lightweight, foldable electric bicycles. These compact and portable vehicles offer a practical solution to commuters seeking to bypass gridlocked roads and reduce their carbon footprint. Additionally, the easy availability of refurbished electric bicycles presents an attractive option for budget-conscious consumers, further fueling market expansion. However, challenges persist, including regulatory hurdles and safety concerns, which necessitate ongoing research and development efforts to address these obstacles and ensure the continued growth and success of the market.
Companies seeking to capitalize on this market's potential must stay informed of regulatory developments and invest in innovative safety features to differentiate themselves and maintain a competitive edge.

What will be the Size of the Folding Electric Bicycle Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by advancements in technology and shifting consumer preferences. Smart features such as pedal assist, GPS navigation, and app integration enhance the user experience, while rental programs and e-bike sharing schemes expand accessibility. Hill climbing ability is a key consideration, with motor technology and lightweight materials like aluminum alloy and carbon fiber playing crucial roles. Electric bicycle laws and safety standards ensure regulatory compliance, prioritizing rider safety and environmental impact. Lithium-ion batteries power these vehicles, with battery life and recycling becoming increasingly important. Charging infrastructure and theft prevention are also essential components of the market's ongoing development.

Price point remains a significant factor, with various demographics targeting different price ranges. Energy consumption and fitness tracking are additional features gaining traction, as consumers seek more sustainable and health-conscious transportation options. The supply chain, from material science to manufacturing and distribution, continues to adapt to meet market demands. Continuous innovation in motor management technology, battery life, and user interface ensures the market remains a dynamic and evolving sector.

How is this Folding Electric Bicycle Industry segmented?

The folding electric bicycle industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Age Group

  Age 18-50
  Lesser than 18
  Age greater than 50


Distribution Channel

  Offline
  Online


Geography

  North America

    US
    Canada


  Europe

    Germany
    Italy
    The Netherlands


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Age Group Insights

The age 18-50 segment is estimated to witness significant growth during the forecast period.

Folding electric bicycles have gained significant popularity among adults aged 18-50 due to their numerous health benefits and practicality. These benefits include increased cardiovascular fitness, enhanced joint mobility, improved posture and coordination, reduction in stress hormones, and decreased body fat levels. Consequently, folding electric bicycles have become a preferred mode of transport for daily commutes to offices and colleges, helping to efficiently navigate traffic congestion and reduce air pollution. Furthermore, the use of folding electric bicycles mitigates the need for traditional vehicles, thereby reducing the demand for road infrastructure repairs and associated costs. The market for folding electric bicycles is witnessing several trends.

Smart features, such as GPS navigation, app integration, and fitness tracking, are increasingly being integrated into these bicycles. Rental programs and e-bike sharing schemes have gained traction, providing affordable and flexible options for consumers. Charging infrastructure and battery life are critical considerations, with advancements in lithium-ion batteries and charging technologies ensuring longer ranges and faster charging times. Theft prevention is a significant concern, with smart locks and other security measures being employed to address this issue. Lightweight materials, such as aluminum alloy and carbon fiber, are being used to improve the bicycles' durability and portability. Price poin