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Electric Bike Kit Market Size, Share & Industry Analysis, By Component (Display, Controller, Battery, Motor, and Others), By Motor Type (Mid-drive Motor and Hub Motor), By Sales Channel (OEM and Aftermarket), By Application (City Bikes, Mountain Bikes, and Cargo Bikes), and Regional Forecast, 2024 – 2032

Last Updated: April 01, 2024 | Format: PDF | Report ID: FBI109099



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The global electric bike kit market size was valued at USD 54.33 billion in 2023 and is projected to grow from USD 66.21 billion in 2024 to USD 184.34 billion by 2032, exhibiting a CAGR of 13.7% during the forecast period of 2024-2032. The Asia-Pacific dominated the electric bike kit market with a share of 74.71% in 2023.

An electric bike kit refers to a set of components and accessories that can be added to a conventional bicycle to convert it into an electric bike (e-bike) or to manufacture an e-bike. The primary components in the kit typically includes an electric motor, a battery pack, a controller, and various wiring and mounting accessories.

The increasing interest of DIY enthusiasts in building their own e-bikes fuels the demand for the market. However, the lack of standardized components and compatibility between different kits and bicycle models challenges the market growth. The advancement in battery and motor technology is attributed to boosting the development of the market over the forecasted period.

The COVID-19 pandemic spurred a surge in e-bike interest driven by a shift towards cost-effective transportation and outdoor exercise. Lockdowns and economic uncertainty led individuals to seek affordable options, including DIY kits. With more time spent at home, DIY projects gained traction, gaining interest among consumers to build their own e-bikes. These factors combined to fuel the adoption of electric bike kits during and after the pandemic period.

Electric Bike Kit Market Trends

Trend of DIY E-Bike Conversions, Offering Personalization, and Affordability Fuels Market Growth

One ongoing trend in the global market is the continued popularity of DIY (Do-It-Yourself) conversions. Several cycling enthusiasts and consumers interested in electric bikes opt for these types of kits to convert their existing bicycles into electric ones. DIY e-bike conversions allow users to customize their electric bikes according to their preferences. This includes choosing specific components, designs, and features and providing a personalized and unique riding experience.

Electric bike kits often offer a more affordable option compared to purchasing a new electric bike. This cost-effectiveness appeals to consumers who want the benefits of electric assistance without the higher price tag of a pre-built e-bike. Thus, the growing community of DIY enthusiasts and tinkerers in the cycling space contributes to the popularity and growth of the electric bike kit industry. Online forums, communities, and resources provide support and guidance for those interested in undertaking their own electric bike conversions, fuelling the market growth.

In June 2023, GBoost introduced the GBoost V8 kit, designed to be easily installed on any bicycle within a mere 10 minutes. The electric bike conversion kit is available in three different battery configurations. The most affordable option includes a compact 250-watt-hour battery pack and is priced at EUR 980, approximately equivalent to USD 1,048.

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Electric Bike Kit Market Growth Factors

Rising Development in the E-bike Related Component Technologies Advances the Market Growth

Advancements and innovation in technology play a crucial role in driving the market growth of electric bike kits by enhancing the overall performance, efficiency, and user experience. Improvements in battery technology, such as the development of high-capacity and lightweight lithium-ion batteries, have significantly increased the range and efficiency of e-bikes. Longer battery life and faster charging times make e-bikes more practical and appealing to consumers. Technological advancements in electric motor design and manufacturing have led to more efficient and compact motors. High-torque and low-noise motors enhance the overall riding experience, providing smoother acceleration and better control.

In July 2023, Stromer introduced a battery utilizing solid-state technology specifically designed for e-bikes. The Stromer Solid-State Ceramic Battery boasts a charging time that is approximately ten times faster than traditional lithium batteries.

As technology continues to advance, electric bicycle kits are likely to become more sophisticated, user-friendly, and efficient, further driving market growth by attracting a broader range of consumers. The continuous evolution of technology contributes to the ongoing improvement of e-bike performance and features, making them more appealing and accessible to a larger audience.


Limited Variety and Customization Options Restrain the Market Demand

The market for e-bikes is characterized by a wide array of consumer preferences, encompassing various factors such as design, performance, range, and specific features. Each individual may prioritize different aspects of an e-bike based on their personal preferences, lifestyle, and intended usage. For instance, some consumers may prioritize sleek and modern designs, while others may prioritize off-road capabilities or long battery range for commuting purposes.

However, despite the growing popularity of e-bikes, there exists a potential challenge stemming from a lack of variety in electric bicycle kits. These kits are essential components that enable the conversion of conventional bicycles into electric ones, providing an affordable and flexible option for consumers who may not want to invest in a pre-built e-bike or who prefer to customize their ride. When there is a limited selection of electric bicycle kits available in the market, potential customers may encounter difficulty in finding an option that meets their specific requirements and aligns with their preferences.  Thus, the lack of variety and customization options restrains the market growth.

Electric Bike Kit Market Segmentation Analysis

By Component Analysis

Advancement and Innovation in Technology Boosts the Motor Segment Growth

Based on component, the market is divided into display, controller, battery, motor, and others.

The motor segment held the largest market share in 2023 and is also predicted to grow with the fastest CAGR during the forecast period. The ongoing advancements in motor technology have led to the provision of more efficient, compact, and powerful motors. These innovations contribute to improved performance, reduced weight, and enhanced overall efficiency, making e-bikes with the latest motor technology more attractive to consumers.

In June 2023, Bosch eBike Systems introduced a lightweight Performance Line SX drive unit. According to the company, eBikes equipped with the SX unit offer an exceptionally smooth and effortless riding experience, featuring pedalling assistance with pedal resistance reduction of over 50% compared to other Bosch drive units.

The battery segment held the second-largest market share in 2023. Batteries serve as the primary electric power source for e-bikes, providing the energy needed to drive the motor. Advances in battery technology, including higher energy density and improved charging efficiency, contributes to the overall performance and appeal of e-bikes, which propels the electric bike kit market growth. In December 2023, Nanotech Energy developed 18650 cells of non-flammable lithium-ion battery pack.

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By Motor Type Analysis

Easy Installation and Maintenance to Drive Mid-Drive Motor Segment Growth

Based on motor type, the market is divided into mid-drive motor and hub motor.

The hub motor segment dominated the market in 2023. Hub motors are known for their simple design, with the motor integrated into the hub of the wheel. This simplicity makes them easier to install and maintain, which appeals to DIY enthusiasts and individuals opting for electric bike conversion kits, catering to the market demand.

By Sales Channel Analysis

Collaboration between Electric Bike Kit Players and E-Bike Makers Augments the OEM Segment Growth

Based on sales channel, the market is divided into OEM and aftermarket.

The OEM segment in the market held the largest share in 2023 and is estimated to grow with the utmost CAGR during the forecasted period. OEMs in the market collaborate with bicycle manufacturers to integrate the kit directly into new electric bicycle models. This integration allows bike manufacturers to expand their product offerings, tapping into the growing market demand for electric bicycles. This fuels the market development of the segment over the forecasted period. In April 2023, JOBOBIKE, an electric bike manufacturer, collaborated with Bafang, a specialist in e-bike components. The JOBOBIKE Bruno features the integration of Bafang's M500 motor.

The aftermarket segment held a sustainable share of the market in 2023. Aftermarket kits provide a cost-effective alternative to purchasing a new electric bicycle. Consumers can convert their existing bikes into e-bikes at a fraction of the cost of buying a pre-built electric bike, making this option appealing to budget-conscious riders, thus boosting market growth.

By Application Analysis

Ease of Use and Practicality in the Cities Drives City Bikes Segment Expansion

Based on application, the electric bike kit market is divided into city bikes, mountain bikes, and cargo bikes.

The city bikes segment dominated the market in 2023. City bikes are well-suited for urban commuting due to their design, which prioritizes comfort, ease of use, and practicality. As e-bikes gain popularity as an eco-friendly and efficient mode of transportation in cities, the demand for electric city bike kits has increased, which fuels the segment growth in the market.

The mountain bikes segment held the second-largest market share in 2023. The combination of off-road capability, increased power, terrain versatility, and adaptability to mountain biking preferences drives the popularity of these kits in the mountain bike segment.

In March 2023, Himiway, the pioneering electric bike manufacturer, revealed the introduction of three models for the year 2023, including the Himiway Pony Portable Mini Bike, Himiway Rambler Electric City Commuter Bike, and the Himiway Rhino Dual Battery Electric Mountain Bike.


By region, the market for electric bike kit is studied across North America, Europe, Asia Pacific, and the Rest of the World.

Asia Pacific Electric Bike Kit Market Size, 2023 (USD Billion)

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The Asia Pacific market held the largest electric bike kit market share in 2023. Several major players are investing in emerging economies in the Asia Pacific region, which enhances the market growth in the region. The companies are focused on establishing their brand in developing economies to cater for the growing interest in e-bikes among consumers within the region. For instance, in October 2023, Daewoo, renowned for its popular cars, Matiz and Cielo, announced the reestablishment of its brand in India. The company aimed to leverage the growing market for electric vehicles in the two-wheeler segment, including electric bikes, electric scooters, and e-cycles.

Europe held the second-largest share of the global market in 2023. The popularity of bike tourism and events in Europe, including e-bike-specific events, promotes awareness and adoption of electric bicycles. The electric bicycle kits are tailored to individuals participating in such events who may want to retrofit their existing bikes for enhanced performance. In April 2023, The EBK, an e-bike racing series, is attributed to take place in London in the summer. Spearheaded by the Fédération Internationale de Motocyclisme (FIM), the global authority in motorcycle racing, this series aims to emphasize and promote eco-friendly transportation.

North America held an accountable share in the market for electric bike kit in 2023. The North America witnessed a growing interest among people in cycling as a recreational and fitness activity. E-bike kits cater to individuals who want to enhance their traditional bicycles with electric assistance, making cycling more accessible and enjoyable for a broader demographic. In 2022, approximately 1.1 million electric bicycles were purchased in the U.S., reflecting an almost fourfold surge compared to the sales recorded in 2019.

The Rest of the World, comprising of Latin America and Middle East Africa, held a sustainable share of the global market in 2023. Initiatives aimed at developing cycling infrastructure, including bike lanes and dedicated paths, contribute to the growth of the e-bike market. Improved infrastructure encourages individuals to choose e-bikes as a viable mode of transportation.

List of Key Companies in Electric Bike Kit Market

Technological Innovations and Public-Private Partnerships to Maintain Competitive Edge Drives Market Growth

The electric bike kit market encompasses several established and emerging players. The key players in the market offer products with different specifications that caters to OEMs and the aftermarket. Companies are focused on research and development in battery technology and motor efficiency, building innovative products that uphold the market and help companies maintain their position in the market. The key companies in the market include Bafang, Swytch, and E-BikeKit, among others.

Swytch is a U.K.-based company that specializes in e-bike conversion kits. The company is focused on providing an affordable and user-friendly solution for converting regular bicycles into electric bikes. Swytch's goal is to make e-bike technology accessible to a broader audience, promoting sustainable, environmentally friendly and efficient transportation.

List of Key Companies Profiled:

  • Bafang (China)

  • Swytch (U.K.)

  • E-BikeKit (U.S.)

  • Bosch (Germany)

  • Shimano (Japan)

  • Tongsheng (China)

  • Rubbee X (Lithuania)

  • eBikeling (U.S.)

  • L-faster (China)

  • VEVOR (U.S.)

  • JaxPety (U.S.)

  • Voilamart (China)

  • Pendix (Germany)

  • Pedego Electric Bikes (U.S.)

  • Falco eMotors (U.S.)

  • Green Pedel (China)


  • June 2023 – Pendix unveiled its mid-drive motor gDrive, which the company intended to showcase at the Eurobike event held in Frankfurt, Germany, between June 21 and 25.

  • June 2023 – Bikee revealed the production of its light e-bike kit at a larger scale. This lightweight electric bicycle conversion kit weighs 4.0 kg (~8.8 lbs). Various versions are offered, including an EU-compliant 250 W motor with a 250 Wh battery set and a top-tier model featuring a 1,000 W 120 Nm motor paired with an 840 Wh power pack.

  • July 2022 – During a pre-Eurobike presentation in Frankfurt, Germany, Bosch eBike Systems unveiled its product innovations for 2023. These include enhancements to its mid-drive motor systems and control units, increased integration of anti-lock braking technology, and the introduction of new battery options.

  • April 2022 - Swytch launched a smaller, lighter version of its e-bike conversion kit. It encompasses a 100Wh capacity battery offering a range of 15 km.

  • February 2022 – Bafang partnered with EUNORAU to launch the M625/M325 DIY drive systems, meeting the growing demand of DIY eBike enthusiasts. With easy installation, these systems feature superior performance, a maximum torque of 160Nm, power options (500W/750W/1000W), and 68mm-120mm five-way adaptors. The kits include a large-screen color display, cadence sensor, and a downtube battery (960Wh), catering to eCity, eMTB, eTour, and eCargo modifications.


The market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product/service types, and leading applications of the product. Besides, the report offers insights into the electric bike bit market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the growth of the market in recent years.

An Infographic Representation of Electric Bike Kit Market

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Report Scope & Segmentation



Study Period


Base Year


Estimated Year


Forecast Period


Historical Period


Growth Rate

CAGR of 13.7% from 2024 to 2032


Value (USD Billion)


By Component

  • Display

  • Controller

  • Battery

  • Motor

  • Others

By Motor Type

  • Mid-Drive Motor

  • Hub Motor

By Sales Channel

  • OEM

  • Aftermarket

By Application

  • City Bikes

  • Mountain Bikes

  • Cargo Bikes

By Geography

  • North America (By Component, By Motor Type, By Sales Channel, By Application)

    • U.S. (By Application)

    • Canada (By Application)

    • Mexico (By Application)

  • Europe (By Component, By Motor Type, By Sales Channel, By Application)

    • Germany (By Application)

    • The Netherlands (By Application)

    • Belgium (By Application)

    • Rest of Europe (By Application)

  • Asia Pacific (By Component, By Motor Type, By Sales Channel, By Application)

    • China (By Application)

    • India (By Application)

    • South Korea (By Application)

    • Japan (By Application)

    • Rest of Asia Pacific (By Application)

  • Rest of the World (By Component, By Motor Type, By Sales Channel, By Application)

Frequently Asked Questions

As per a study by Fortune Business Insights, the market size was valued at USD 54.33 billion in 2023.

The market is expected to grow at a CAGR of 13.7% over the forecast period (2024-2032).

By application, the city bikes segment held the largest market share in 2023

In 2023, the Asia Pacific market size stood at USD 40.59 billion.

Rising development in e-bike-related component technologies drives the market.

Bafang, Swytch, and E-bikeKit, among others, are the top players in the market.

The Asia Pacific region dominated the market in 2023.

Limited variety and customization options restrain the deployment of the infrastructure.

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