The global refurbished e-bike market size was reached at USD 5.09 billion in 2024 and is expected to be worth around USD 12.65 billion by 2034, exhibiting at a compound annual growth rate (CAGR) of 9.53% over the forecast period 2025 to 2034.
The refurbished electric bike (e-bike) market primarily thrives on heightened environmental awareness and the increasing demand for affordable, sustainable urban mobility options. Most cities in the world advocate low carbon footprints and light traffic, directing consumers toward e-bikes as cleaner modes of transport than traditional motor vehicles. However, the high cost of new e-bikes frequently deters potential buyers. Refurbished e-bikes provide an affordable alternative, allowing consumers to acquire high-quality bikes at reduced prices while supporting circular economies by extending product lifespans. Additionally, advancements in battery technology and more effective refurbishment methods have enhanced the reliability and appeal of refurbished e-bikes, contributing to industry growth.
One recent example of this growth is the launch of Upway's warrantied used e-bike shop, certified refurbished in 2023, which quickly gained traction in Europe and North America. Upway's shop offers warrantied used e-bikes that have been inspected, giving consumers the confidence to purchase quality merchandise at a significantly lower cost. This initiative is part of a broader industry trend in which both established companies and start-ups recognize the business case for taking back e-bikes to meet the rising demand for affordable, sustainable transportation. This move not only promotes sustainable consumption but also facilitates market expansion by making e-bikes accessible to more consumers.
What is a Refurbished E-Bike?
A refurbished e-bike is an electric bicycle that has been previously used or returned, then carefully inspected, repaired, and tested to meet safety and performance standards before being resold. These bikes offer more economical and environmentally friendly options than purchasing new ones, making them popular among commuters, delivery riders, and recreational users who desire quality e-bikes at a lower cost. Refurbished e-bikes are widely utilized for daily urban commuting, meal delivery, fitness, and leisure rides, providing permanent transport solutions that help reduce electronic and bike waste.
Recent Electric Two-Wheeler Adoption by Region & Country (2023–2024)
| Region/Country | Adoption Highlights |
| China | Dominates global market with nearly 6 million units sold; accounts for over 50% of global sales. |
| India | Approximately 1.3 million units sold in 2023; electric two-wheelers make up 5% of total two-wheeler sales. |
| Southeast Asia | Around 1.3 million units sold in 2023; electric two-wheelers account for 3% of total two-wheeler sales. |
| Turkiye | Leading non-Asian market with significant growth in electric two-wheeler adoption. |
| France | Among top European markets with increasing adoption rates. |
| Netherlands | High adoption rates, driven by supportive policies and infrastructure. |
| Italy & Spain | Both countries show significant growth in electric two-wheeler registrations. |
| Indonesia | Sales of Battery Electric Vehicles (BEVs) increased over 14 times, exceeding 10,000 units in 2023. |
| Cambodia | Government plans to register 720,000 electric two-wheelers by 2030, indicating strong future growth. |
Surge in Online Sales and E-Commerce Platforms
The refurbished e-bike market has experienced a significant shift towards online sales, inspired by the convenience and accessibility of digital platforms. In 2024, online purchases of e-bikes increased by 60% year-on-year. Consumers are rapidly becoming comfortable buying e-bikes from digital platforms, often opting for "click and assembled" services that allow them to purchase online and pick up a bike at a local store. This hybrid model is particularly attractive to consumers who desire e-commerce features but also value the option of brick-and-mortar shops for in-person transactions.
Growth in Budget-Friendly Refurbished Models
The availability and demand for refurbished e-bikes align with budget considerations. While high-end e-bikes can still command prices above $3,000, the market is witnessing an increase in more affordable models, especially in the $200-$400 range. Retail vendors have responded to consumer demand for e-bikes, surpassing traditional bicycles in the second-hand market.
Integration of Advanced Battery Technologies
Refurbished e-bikes are incorporating advanced battery technologies to enhance performance and longevity. Improvements in battery life and safety have increased buyers' confidence in purchasing refurbished e-bikes. Advanced battery technologies contribute to extended riding time and reduced maintenance costs, making e-bikes more appealing to a broader audience.
Expansion of Employer Leasing Programs
Employers are offering e-bike leasing programs as part of their sustainability initiatives and employee benefits. These programs often include refurbished e-bikes that are environmentally friendly and more accessible to employees. The increasing demand for comprehensive e-bike services and employer leasing options reflects a broader trend towards permanent transportation solutions in the workplace.
Report Scope
| Area of Focus | Details |
| Market Size in 2024 | USD 5.09 Billion |
| Expected Market Size in 2034 | USD 12.65 Billion |
| Projected CAGR from 2025 to 2034 | 9.53% |
| Principal Region | Asia-Pacific |
| Key Segments | Type, Battery Type, Motor Type, Application, Distribution Channel, Region |
| Key Companies | Upway, Trek (Red Barn Refresh), BikeExchange, Whizz Mobility, Luckeep, EBYCCO, Decathlon, Rad Power Bikes, VanMoof (via Resellers), XO Bikes, Wahu Mobility |
The refurbished E-bike market is segmented into type, battery type, motor type, application, distribution channel, and regions. Based on type, the market is classified into pedal-assisted (pedelec), throttle-based, and speed pedelec. Based on the battery type, the market is categorised into lithium-ion battery (Li-ion), lead-acid battery, and nickel metal hydride (NiMH). Based on motor type, the market is categorised into hub motor (front hub and rear hub) and mid-drive motor. Based on application, the market is classified into urban/city commuting, off-road/mountain biking, cargo/delivery, leisure/cruiser and touring/trekking. Based on distribution channel, the market is categorised into online marketplaces and offline stores.
Pedal-assisted e-bikes (Pedelecs) are the most dominant in the refurbished e-bike market due to their natural cycling experience and energy efficiency. These bikes only support the rider when pedaling, making them suitable for daily traffic, exercise, and urban mobility. Their low battery consumption compared to throttle-based models also extends battery life, which is a major factor for buyers of refurbished products. European rules promoting Pedelecs further enhance their market dominance.
Speed pedelecs are emerging as the fastest-growing type due to the increasing demand for sharp, long-range commuting options in urban areas. With speeds of up to 45 km/h, these e-bikes appeal to professionals who seek time-saving alternatives to cars or public transport. As more renewed models enter this space, they attract environmentally conscious consumers in search of performance at a lower price.
Li-ion batteries dominate the refurbished e-bike market due to their light weight, long life cycle, and better energy density. Their durability makes them ideal for renewal, allowing used e-bikes to resume appropriate range and performance. Most modern e-bikes use Li-ion batteries, increasing the availability of refurbished units in this segment.
Though not as common as Li-ion, NiMH batteries are gaining traction in certain regions due to their stable performance and low environmental impact. As the technology improves and recycling becomes more efficient, e-bikes with NiMH batteries are being renewed, showing a slow but steady increase, especially among environmentally conscious buyers.
The hub motors dominate the refurbished e-bike market due to their widespread use. They are easy to refurbish, offer a smooth ride, and support a cleaner design. Rear hub motors are also less expensive and provide balanced power, making them a practical option for e-bike manufacturers and buyers.
Refurbished E-Bike Market Revenue Share, By Motor Type, 2024 (%)
| Motor Type | Revenue Share, 2024 (%) |
| Hub Motor | 65.30% |
| Mid-Drive Motor | 34.70% |
Mid-drive motors are experiencing rapid growth due to their superior torque and balanced weight distribution. However, they are more complex and expensive, which is driving the adoption of the mid-drive motor system in the renewable sector, especially in response to the rising demand for high-performance e-bikes, particularly for hilly or rough terrains.
Urban commuting leads in application due to increasing traffic congestion and a shift towards permanent personal transport. Refurbished e-bikes are widely used by office-goers, students, and gig workers in urban settings, making it the most prominent sector. Their cost-effectiveness and utility in daily travel make them highly attractive.
The cargo and delivery segment is the fastest-growing, driven by the needs of the expanding gig economy and meal delivery. Businesses and distribution personnel are rapidly adopting refurbished e-cargo bikes to reduce operating costs and meet environmental goals. The refurbished models provide a practical solution for expanding the fleet.
Offline stores continue to dominate because they allow customers to renew their e-bikes and receive direct guidance from employees. Confidence and verification are important in renewed procurement, and physical inspection gives buyers greater confidence in the bike's status and quality.
Online platforms are the fastest-growing channel due to the ability to browse a wide range of digitally adopted and refurbished models. Companies such as Amazon and EBB, along with certified vendors, have made e-bikes more accessible, especially in areas without dedicated offline stores.
The refurbished E-Bike market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA.
The North America refurbished e-bike market size was reached at USD 0.79 billion in 2024 and is expected to reach around USD 1.97 billion by 2034. In North America, especially in the United States and Canada, the refurbished e-bike market is gaining significant traction. A combination of urban crowds, rising fuel prices, and a cultural shift toward green transport is driving this trend. Consumers are becoming more aware of environmental issues and are seeking sustainable mobility solutions. Refurbished e-bikes offer an affordable and environmentally friendly alternative to new models, particularly for students, gig workers, and budget-conscious travelers. E-bike brands and platforms such as Red Power Bikes, Aquantons, and Cycling are providing certified renewed options, making these bikes more reliable and accessible. Government support for e-mobility and emerging buyback programs is further contributing to market expansion in North America.
The Asia-Pacific refurbished e-bike market size was valued at USD 2.70 billion in 2024 and is projected to hit around USD 6.72 billion by 2034. Asia-Pacific is emerging as the fastest-growing sector, led by major countries like China, India, Japan, and Indonesia. China, already the largest producer and user of e-bikes, has a well-established renewal ecosystem that facilitates the easy resale and reuse of components. In India and Southeast Asian countries, the ability of renovated e-bikes appeals to lower and middle-income groups, especially given the increase in traffic congestion in urban areas. Local startups and marketplaces are taking advantage of digital platforms to sell refurbished models with warranty and buyback options. In Japan, the aging population and compact city structures have made e-bikes a favored mode of transport, and renovated versions are gaining popularity among elderly and middle-class consumers. The region's growing focus on smart cities and e-mobility adds further momentum.
The Europe refurbished e-bike market size was accounted for USD 1.35 billion in 2024 and is predicted to surpass around USD 3.35 billion by 2034. Europe stands as the global leader in refurbished e-bike adoption, thanks to its mature cycling culture, strong regulatory structures and high levels of environmental awareness. Countries such as Germany, Netherlands, France and Denmark have invested heavy in the infrastructure cycling infrastructure, thereby an integral part of e-bike-new or renewable-urban transport. The governments of the region provide tax incentives and subsidies for e-bike use and renewal, aligning with the goals of circular economy. Certified refurbished platforms such as Apway (France), Swapfiet (Netherlands), and Rebike 1 (Germany) have gained significant popularity, cheap, tested and guaranteed e-baches of the other hand. Additionally, the consumer trust strengthens the secondary e-bike market throughout Europe in quality certificate and warranty-supported purchase.
Refurbished E-Bike Market Revenue Share, By Region, 2024 (%)
| Region | Revenue Share, 2024 (%) |
| North America | 15.60% |
| Europe | 26.50% |
| Asia-Pacific | 53.10% |
| LAMEA | 4.80% |
The LAMEA refurbished e-bike market size was valued at USD 0.24 billion in 2024 and is anticipated to reach around USD 0.61 billion by 2034. The LAMEA region is an emerging market, with considerable potential in urban centers of Latin America (e.g., Brazil, Mexico), the Middle East (e.g., UAE), and parts of Africa (e.g., South Africa, Kenya). Economic challenges and high prices of new e-bikes are furthering demand towards more affordable renovated options, especially among distribution personnel, small businesses and urban travelers. Brazil has seen an increase in e-bike sharing and rental services, some of which have expanded into a renewed fleet. In the UAE, rising fuel prices and government led green dynamics initiative is encouraging more people to locate electricity options. However, extensive infrastructure, inconsistent quality check and lack of public awareness are obstructed widely. As digital retail grows and a partnership between manufacturers and refurbisers develops, the Lamia region is expected to see a gradual but meaningful increase.
The competitive landscape of the refurbished e-bike market is moderately fragmented, consisting of a mix of established electric bike manufacturers, third-party refurbishers, and specialized online marketplaces vying for market share. Prominent players emphasize offering pre-owned models, creating warranties, conducting performance tests, and providing priced services to build consumer trust and distinguish themselves. Companies like Red Power Bikes, Upways, Swapfiets, and Cycling are leveraging e-commerce platforms, forming strategic partnerships, and implementing permanent branding to broaden their reach. Meanwhile, local and regional refurbishers are gaining ground by appealing to specific demographics and value-sensitive consumers. Innovation processes, quality assurances, and advancements in digital sales strategies are becoming crucial competitive factors as market maturity and consumer awareness grow.
Market Segmentation
By Type
By Battery Type
By Motor Type
By Application
By Distribution Channel
By Region