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Report
Canada E-bike - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2029)
Market Report I 2025-04-28 I 200 Pages I Mordor Intelligence
The Canada E-bike Market size is estimated at 39.41 million USD in 2025, and is expected to reach 86.27 million USD by 2029, growing at a CAGR of 21.63% during the forecast period (2025-2029).
Propulsion Segment Market Overview
- In Canada, there is no classification system for electric bikes. However, e-bikes in Canada cannot exceed 500 W or 32 kmph. E-bikes with pedal-assisted and throttle-assisted functions are legal in Canada. For example, in June 2021, the Transportation and Environment Ministry of Canada awarded USD 200,000 to fund the City of Vancouver's pilot project to build an e-bike micro hub. Trucks will transfer packages to the hub, where they will be transported by cargo e-bikes to their final destination.
- E-bikes are being recognized as a new mode of transportation in cities across Canada, including Toronto and British Columbia. British Columbia provides an e-bike subsidy, potentially creating a market opportunity. Vancouver offers one of the most extensive e-bike retail outlets in British Columbia. The North Vancouver District develops comprehensive regulations for e-bike charging infrastructure.
- Rising government spending on bike-sharing programs, bike lanes, and more pedestrian-friendly streets is expected to increase consumer interest in e-bikes in the coming years as part of the government's broader efforts to promote transportation options, improve road safety, and better the environment. Electric bicycles, for example, are listed as one of the emerging forms of transportation in Vancouver's Transportation 2040 plan. E-bikes may eventually become the most eco-friendly mode of transportation in Canada in the future.
Canada E-bike Market Trends
Canada's e-bike adoption rates show a steady increase, indicating a growing awareness and acceptance of e-bikes
- The demand for bicycles has increased significantly across Canada over the past few years. The benefits of an electronic bicycle over conventional bicycles have sparked a surge in demand for e-bikes across Canada. Ease of riding, pollution-free travel, time savings, and cost efficiency are some of the major factors contributing to the adoption of e-bikes over other vehicles for daily commuting. As a result, e-bike adoption increased by 0.70% in 2019 compared to 2018.
- The rise of COVID-19 cases and the avoidance of public and shared transportation have positively impacted the sales and usage of personal vehicles, including e-bikes. People prefer e-bikes to other modes of transportation because they are one of the cheapest and most carefree vehicles, with very little maintenance cost compared to other vehicles. Such factors have resulted in the sales growth of e-bicycles, which has caused the adoption rate of e-bikes among consumers in Canada to increase by around 0.70% in 2020 over 2019.
- The growing awareness of e-bikes among Canadians is changing their attitudes, with factors such as effort savings, no fuel expenses, eco-friendliness, a cheap mode of transportation, and exercise benefits driving the growth of e-bikes. The country witnessed an e-bike adoption rate of 1.30% in 2022 over 2021, which is projected to grow further during the forecast period.
Canada demonstrates a gradual and consistent rise in the percentage of commuters traveling 5-15 km daily, reflecting stable commuting habits
- Over the past few years, the demand for bicycles in Canada has increased significantly as residents of various cities steadily adopted the bicycle culture. However, commuter travel of 5-15 km is still relatively low compared to other modes of transportation. In 2019, most people preferred traveling by car and public transportation, and less than 5% of the population opted to commute by bicycle to nearby places within 5-15 km.
- The pandemic strongly and positively affected the demand for bicycles in Canada. Due to COVID-19-related concerns, more Canadians opted to cycle or walk to work than ride public transportation. Due to the pandemic, the use of public transportation decreased by 10%. However, daily bicycle commuters registered a growth of more than 3% in 2020 over 2019. The introduction of e-bikes with advanced features and higher battery ranges has encouraged consumers to opt for bicycles, thus increasing the number of commuters in Canada within the 5-15 km travel range in 2021 over 2020.
- Despite the relaxation in pandemic-related restrictions, people continued to use bicycles as a mode of commute as they developed a habit during the pandemic. Many people commute daily by bicycle between offices, businesses, and marketplaces within a range of 5-15 km. More people are adopting bicycles due to their health benefits, carbon-free journeys, and time-saving advantages. These factors are anticipated to increase the use of bicycles for commuting between 5 and 15 km in Canada during the forecast period.
Canada E-bike Industry Overview
The Canada E-bike Market is moderately consolidated, with the top five companies occupying 49.73%. The major players in this market are Accell Fitness North America Inc, Cervelo Cycles Inc., Cycling Sports Group, Inc., Dorel Industries Inc. and Giant Manufacturing Co. (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 EXECUTIVE SUMMARY & KEY FINDINGS
2 REPORT OFFERS
3 INTRODUCTION
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study?
3.3 Research Methodology
4 KEY INDUSTRY TRENDS
4.1 Bicycle Sales
4.2 GDP Per Capita
4.3 Inflation Rate
4.4 Adoption Rate Of E-bikes
4.5 Percent Population/commuters With 5-15 Km Daily Travel Distance
4.6 Bicycle Rental
4.7 E-bike Battery Price
4.8 Price Chart Of Different Battery Chemistry
4.9 Hyper-local Delivery
4.10 Dedicated Bicycle Lanes
4.11 Number Of Trekkers
4.12 Battery Charging Capacity
4.13 Traffic Congestion Index
4.14 Regulatory Framework
4.15 Value Chain & Distribution Channel Analysis
5 MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
5.1 Propulsion Type
5.1.1 Pedal Assisted
5.1.2 Speed Pedelec
5.1.3 Throttle Assisted
5.2 Application Type
5.2.1 Cargo/Utility
5.2.2 City/Urban
5.2.3 Trekking
5.3 Battery Type
5.3.1 Lead Acid Battery
5.3.2 Lithium-ion Battery
5.3.3 Others
6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 Accell Fitness North America Inc
6.4.2 Biktrix Enterprises Inc
6.4.3 Cervelo Cycles Inc.
6.4.4 Cycling Sports Group, Inc.
6.4.5 Daymak Inc.
6.4.6 Dorel Industries Inc.
6.4.7 Giant Manufacturing Co.
6.4.8 Pedego Electric Bikes
6.4.9 Rad Power Bikes
6.4.10 Ride Aventon Inc.
6.4.11 Royal Dutch Gazelle
6.4.12 Specialized Bicycle Components Canada, Inc.
6.4.13 Trek Bicycle Canada ULC
6.4.14 Yamaha Bicycles
7 KEY STRATEGIC QUESTIONS FOR E BIKES CEOS
8 APPENDIX
8.1 Global Overview
8.1.1 Overview
8.1.2 Porter's Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Market Dynamics (DROs)
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms
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