Canada Electric Mobility Market Size & Outlook, 2022-2030

The electric mobility market in Canada is expected to reach a projected revenue of US$ 3,850.6 million by 2030. A compound annual growth rate of 12.5% is expected of Canada electric mobility market from 2023 to 2030.
Revenue, 2022 (US$M)
$1,496.0
Forecast, 2030 (US$M)
$3,850.6
CAGR, 2023 - 2030
12.5%
Report Coverage
Canada

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Canada electric mobility market, 2018-2030 (US$M)

Canada electric mobility market, 2018-2030 (US$M)

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Canada electric mobility market highlights

  • The Canada electric mobility market generated a revenue of USD 1,496.0 million in 2022 and is expected to reach USD 3,850.6 million by 2030.
  • The Canada market is expected to grow at a CAGR of 12.5% from 2023 to 2030.
  • In terms of segment, chain drive was the largest revenue generating drive type in 2022.
  • Chain Drive is the most lucrative drive type segment registering the fastest growth during the forecast period.

Electric mobility market data book summary

Market revenue in 2022USD 1,496.0 million
Market revenue in 2030USD 3,850.6 million
Growth rate12.5% (CAGR from 2022 to 2030)
Largest segmentChain drive
Fastest growing segmentChain Drive
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBelt Drive, Chain Drive, Hub Drive
Key market players worldwideBayerische Motoren Werke AG, Honda Motor Co Ltd, Gogoro Inc, PIERER Mobility AG, Mahindra & Mahindra Ltd DR, Ninebot, Suzuki Motor Corp, Terra Motors, Yamaha Motor Co Ltd, Vmoto

Other key industry trends

  • In terms of revenue, Canada accounted for 1.4% of the global electric mobility market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. electric mobility market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 17,189.6 million by 2030.

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Electric Mobility Market Companies

Name Profile # Employees HQ Website
Vmoto View profile - London, England, United Kingdom, Europe http://vmoto-uk.com/
Yamaha Motor Co Ltd View profile 65477 2500, Shingai, Iwata, Shizuoka, Japan, 438-8501 http://www.yamaha-motor.co.jp
Terra Motors View profile 51-100 Tokyo, Tokyo, Japan, Asia https://terramotors.co.jp/
Ninebot View profile 251-500 Beijing, Beijing, China, Asia http://ninebot.com
Mahindra & Mahindra Ltd DR View profile 61874 Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, India, 400 018 https://www.mahindra.com
PIERER Mobility AG View profile 6097 Edisonstrasse 1, Wels, Austria, 4600 https://www.pierermobility.com
Gogoro Inc View profile 1892 No. 225, Section 2, Chang’an E. Road, 11th Floor, Building C, SongShan District, Taipei, Taiwan, 105 https://www.gogoro.com
Bayerische Motoren Werke AG View profile 154950 Petuelring 130, Munich, BY, Germany, 80809 https://www.bmwgroup.com
Suzuki Motor Corp View profile 114903 300 Takatsuka-cho, Minami-ku, Shizuoka, Hamamatsu, Japan, 432-8611 https://www.globalsuzuki.com
Honda Motor Co Ltd View profile 194993 Number 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, Japan, 107-8556 https://global.honda

Canada electric mobility market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric mobility market will help companies and investors design strategic landscapes.


Chain drive was the largest segment with a revenue share of 55.05% in 2022. Horizon Databook has segmented the Canada electric mobility market based on belt drive, chain drive, hub drive covering the revenue growth of each sub-segment from 2018 to 2030.


  • Canada Electric Mobility Drive Type Outlook (Revenue, USD Million, 2018-2030)
    • Belt Drive
    • Chain Drive
    • Hub Drive
  • Canada Electric Mobility End-Use Outlook (Revenue, USD Million, 2018-2030)
    • Personal
    • Commercial
  • Canada Electric Mobility Battery Outlook (Revenue, USD Million, 2018-2030)
    • Lead-acid Battery
    • Lithium-ion Battery
    • Others

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Target buyers of Canada electric mobility market databook

  • Our clientele includes a mix of electric mobility market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada electric mobility market , including forecasts for subscribers. This country databook contains high-level insights into Canada electric mobility market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada electric mobility market size, by drive type, 2018-2030 (US$M)

Canada Electric Mobility Market Outlook Share, 2022 & 2030 (US$M)

Canada electric mobility market size, by drive type, 2018-2030 (US$M)

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