About Electric Bicycle Battery
The global electric bicycle battery market is expected to grow in the coming years because of the increasing production of electric vehicles and the demand for light-duty vehicles in developing countries. The electric bike batteries are one of the most important components of an electric bike. Battery technology is evolving at a rapid rate, there are many types of batteries available such as frame battery, rack battery, integrated rechargeable battery, and various others according to the models of electric bicycles.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Electric Bicycle Battery is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LG Chem Ltd. (South Korea), Samsung SDI Co. Ltd. (South Korea), BYD Company Ltd. (China), Panasonic Corporation (Japan), Exide Technologies (United States), GS Yuasa Corporation (Japan), BMZ Group (Germany), OptimumNano Energy Co., Ltd. (China) and Phylion Battery Co.,Ltd (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are FIAMM Energy Technology S.p.A. (Italy) and Aucopo Energy Technology Co. Ltd. (Yoku Energy Ltd) (China).
Segmentation Overview
AMA Research has segmented the market of Global Electric Bicycle Battery market by Type (Lead Acid (SLA) Battery, Nickel Cadmium (NiCd) Battery, Nickel Metal Hybrid (NiMh) Battery, Li-ion (Li-ion) Battery and Others) and Region.
On the basis of geography, the market of Electric Bicycle Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Voltage, the sub-segment i.e. 36V will boost the Electric Bicycle Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Original Equipment Manufacturer {OEM} will boost the Electric Bicycle Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Frame Battery will boost the Electric Bicycle Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Age <20 will boost the Electric Bicycle Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Electric Bicycle Battery with Portable and Three-way Charging Options and Technological Advancements in Electric Bicycle Battery
Market Growth Drivers:
Growing Production of Electric Mobility Around the World and Increasing Demand for Light Electric Vehicles
Challenges:
Safety Risks Involved with Electric Bicycle Battery Might be the Hindrance and Electrical Issues with Electric Bicycle Battery
Restraints:
The Impact of Electric Bicycle Battery on Environment Might be the Major Concern
Opportunities:
Emerging Number of Electric Bicycle Projects and Startups Across the Developing Economies and The Improvements and Innovations in Battery Industry Technology will Boost the Electric Bicycle Battery
Market Leaders and their expansionary development strategies
In September 2023, Lithium-ion battery manufacturer The BMZ Group acquired e-bike brand Nox Cycles Austria, its sister companies in Germany and Switzerland, and the Hawk Bikes brand.
In November 2022, Volt Rider private limited, an e-mobility startup, has introduced the BOOTY series of electric cycles, in a unique design which is a crossover between a bicycle and scooty, in three variants.
"The American National Standards Institute (ANSI) and Standards Council of Canada (SCC) accredited under the UL LLC Standard that covers the electrical system of eBikes powered by a lithium-based, rechargeable battery. EBikes include both Electrically Power Assisted Cycle (EPAC – pedal assist) and non-pedal assist eBikes. Electrical systems may include onboard components and off-board components of eBikes. As a minimum, the electrical system consists of the drive unit, battery, battery management system (BMS), interconnecting wiring, and power inlet. Any additional components or systems required to demonstrate compliance are included based on the overall system application and risk. Off-board components include dedicated chargers for charging batteries that are removed from the eBike during charging or dedicated chargers for charging batteries that are in place on the bike during charging. However, this Standard does not cover the mechanical structure of the eBike unless specified otherwise."
Key Target Audience
Electric Bicycle Battery Manufacturers, Electric Bicycle Manufactures, Electric Bicycle Battery International Traders, Electric Bicycle Battery Distributors and Suppliers, Research and Development Institutes, Potential Investors, Upstream and Downstream Buyers, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.