Canada E-Bike Market Size, Share, By Battery Type (Sealed Lead Acid, Lead Acid, Nickel Metal Hydride, Lithium-Ion Polymer, Lithium-Ion, And Others), By Battery Power (Under 750W And Over 750W), And Canada E-Bike Market Insights, Industry Trend, Forecasts to 2035

Canada E-Bike Market Insights Forecasts to 2035

• Canada E-Bike Market Size 2024: USD 630.4 Million
• Canada E-Bike Market Size 2035:  USD 3577.2 Million
• Canada E-Bike Market CAGR 2024: 17.1%
• Canada E-Bike Market Segments: Battery Type and Battery Power

The Canada E-Bike Market Encompasses All Economic Aspects Related To The Manufacturing, Selling, And Distribution Of E-Bikes, Provide An Eco-Friendly Solution To Transportation By Offering A Source Of Transportation That Does Not Use Fossil Fuels And Promotes Healthy Lifestyles. The growing trend in this market is due to the increased understanding by urban citizens with the need for an effective form of commuting using lower emissions and higher efficiency. E-Bikes in Canada have been established under federal and provincial legislation, to meet certain safety and performance standards.

The e-bikes in Canada are backed by government support, including the Electrify Nova Scotia Rebate Program offers point-of-sale discounts on eligible e-bike purchases, and British Columbia’s income-based rebate schemes provide financial incentives to residents buying e-bikes. E-Bikes sales in Canada surpassed 150,000 units in 2023 and that federal and provincial rebate programs are issuing thousands of rebates each year, reflecting strong consumer demand for electric micromobility options. E-bike usage is particularly high in major urban centres such as Vancouver, Toronto, and Montreal, where supportive infrastructure and policy frameworks encourage adoption.

As technology advances, Canadians e-bike providers are now using higher-capacity lithium-ion batteries providing increased range, short recharge times and the incorporation of smart technologies such as GPS, anti-theft technology, and compatibility with smartphones. Producers are examining improvements in motors, improvements in braking systems, and use of lighter frame materials to create a new generation of electric bikes that will appeal to all types of riders in Canada.

Market Dynamics of the Canada E-Bike Market:

The Canada e-bike market is driven by the environmental awareness and government climate goals, attractive to consumers due to zero-emission, rising fuel prices and urban congestion, cost-effective alternative to cars for short-to-medium distance, and accelerated interest in personalized transport modes, contributing to a lasting shift toward e-bikes and similar micromobility solutions.

The Canada e-bike market is restrained by the slow adoption, high upfront costs for quality e-bikes, lower-income households, limited availability of dedicated charging and secure parking infrastructure, and regulatory inconsistency across provinces which can deter potential buyers.

The future of Canada e-bike market is bright and promising, with versatile opportunities emerging from the rise of bike renting services, the popularity and growth of e-bikes is going to increase. Municipalities and businesses in urban areas will have a larger selection to choose from. Also, there is potential for B2B growth through increased fleets and further adoption of new connected technologies. As urban planners continue to push for greater sustainability within urban environments and promote active transportation methods, investment in connected technology and new infrastructure will help to expand the e-bike market.

Market Segmentation

The Canada E-Bike Market share is classified into battery type and battery power.

By Battery Type:

The Canada e-bike market is divided by battery type into sealed lead acid, lead acid, nickel metal hydride, lithium-ion polymer, lithium-ion, and others. Among these, the lithium-ion segment held the largest revenue market share in 2024 and is predicted to grow at a remarkable CAGR during the forecast period. Superior performance in cold weather, enhancement in ride quality and portability, extended range, rapid charging, longer lifespan, and growing infrastructure for e-bike in Canada all contribute to the lithium-ion segment's largest share and higher spending on e-bike when compared to other battery type.

By Battery Power:

The Canada e-bike market is divided by battery power into under 750W and above 750W. Among these, the under 750W segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The under 750W segment dominates because of country’s federal law having a maximum motor output of 500 watts and maximum speed of 32 km/h, widely accepted on city streets, bike lanes, and pathways, and rise in urban utility with affordable prices.

Competitive Analysis:

The report offers the appropriate analysis of the key organisations/companies involved within the Canada e-bike market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Top Key Companies in Canada E-Bike Market:

• Rad Power Bikes
• Biktrix
• VoltBike
• Surface 604
• Pedego Electric Bikes Canada
• ENVO Electric Bikes
• Trek Bicycle Canada
• Giant Manufacturing Co.
• Aventon
• Specialized Bicycle Components
• EMMO
• Rocky Mountain Bicycles
• OHM Cycles
• Argon 18
• Daymak
• Others

Recent Developments in Canada E-Bike Market:

In June 2025, Evolve announced it would operate the North Shore E-bike Share Program, providing a new fleet of e-bikes for commuters to navigate hills and reduce private vehicle reliance.

In May 2025, Chaos sports acquired the Vancouver-based Rocky Mountain Bicycles, planning to leverage their dealer network for expanded electric product roll-outs across Canada.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Canada, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Canada e-bike market based on the below-mentioned segments:

Canada E-Bike Market, By Battery Type

• Sealed Lead Acid
• Lead Acid
• Nickel Metal Hydride
• Lithium-Ion Polymer
• Lithium-Ion
• Others

Canada E-Bike Market, By Battery Power

• Under 750W
• Above 750W