Industry Background:
A Lithium Battery Electric Bike is a bicycle, scooter, or motorcycle with an integrated electric motor for propulsion. Lithium Battery Electric Bike comes in various classes including pedelec/pedal assist, throttle on-demand, and scooter/motorcycle. Consumers use electric bikes for commutation or recreation. Rapid urbanization, the growing tourism industry will help to boost the global Lithium Battery Electric Bike market.
According to AMA Research, the market for Lithium Battery Electric Bike is expected to register a CAGR of 6.3% during the forecast period to 2030. This growth is primarily driven by High Adoption of Electric Bikes for Daily Commute, Recreation, and Fitness Activities
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Automobiles sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Yamaha Motor Corporation (Japan), Giant Manufacturing Co., Ltd (Taiwan), Accell Group N.V (Netherlands), Aima Technology Group Co., Ltd (China), Yadea Group Holdings Ltd (China), Fuji-ta Bicycle Co., Ltd (China), Jiangsu Xinri E-Vehicle Co.,Ltd. (China), Bionx International Corporation (Canada), Prodecotech, LLC (United States) and BYVIN (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 29th June 2019, Li-ions Elektrik Solutions has launched its electric scooter Spock in India that comes with a host of features onboard. Price of the Spock ranges between Rs 65,000-99,999 (on-road).
In April 2022, Simple Energy signed an MoU with C4V to set up a Lithium-ion cell manufacturing ecosystem in India, a strategic move in Simple Energy’s plans to become a leading two-wheeler producer.Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Influencing Trend:
Increasing Consumer Preferences towards E-Bikes due to Eco-Friendly and Efficient Solutions and Increasing Concerns About Traffic Congestion
Market Growth Drivers:
High Adoption of Electric Bikes for Daily Commute, Recreation, and Fitness Activities and Rising Fuel Cost Across the World
Challenges:
Lack Of Distribution Channels
Restraints:
Underdeveloped Aftermarket Services and Concern Regarding Technological Complexity
Opportunities:
Government Support as well as Strict Rules in Favor of Electric Bikes and Increasing Expenditure on R&D Activities to Improve Battery Performance
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Lithium Battery Electric Bike Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Lithium Battery Electric Bike Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Lithium Battery Electric Bike players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Lithium Battery Electric Bike Study Sheds Light on
The Lithium Battery Electric Bike Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Lithium Battery Electric Bike industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Lithium Battery Electric Bike industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.