E-Bike Battery Market Highlights 2020-2029
The e-bike battery market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. The word 'e-bike' applies to bicycles with compact and rechargeable electric motor batteries to support the cyclist's power source. The market growth is further driven by increasing urbanization, rapid economic development, increased tourist operation, and high fuel costs. Moreover, the rising demand for e-bikes as an environmentally friendly and effective transportation option is driving the market growth.
The market is segmented on battery type into the lead-acid battery, li-ion battery, and NiMH battery, out of which the lead-acid battery segment is expected to lead the market owing to its low cost, durability, and maintenance features.
E-Bike Battery Market Regional Synopsis
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period due to many manufacturers in the region. The region is anticipated to be the fastest-growing market due to increasing urbanization and increasing demand for regular vehicle alternatives such as e-bikes. CLICK TO DOWNLOAD SAMPLE REPORT
The global e-bike battery market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the global e-bike battery market includes the following segments:
By Battery Type
- Lead-Acid Battery
- Li-ion Battery
- NiMH Battery
By Application
- Folding Electric Bicycles
- Smart Electric Bicycles
- Others
Growth Drivers
- Exemption from Standard Traffic Rules and Guidelines
- Rising Demand for E-Bikes
Challenges
- Decline in Oil Prices
- Maintenance of Batteries
Top Featured Companies Dominating the Market
- LG Chem Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- OptimumNano Energy Co.,Ltd
- Samsung SDI CO. LTD.
- AllCell Technologies LLC
- TianJin Lishen Battery Joint-Stock CO. LTD.
- Hunan CTS Technology Co. Ltd.
- ZHANGZHOU YOKU ENERGY TECHNOLOGY Co. Ltd.
- Johnson Matthey Plc
- Kingbo Power Technology Co. Limited
