About E-bike Battery
E-bike or electric bike is a bicycle with an integrated electric motor, which can be used for propulsion. The most commonly used batteries for e-bike are lithium batteries, nickel batteries and lead batteries. Batteries vary according to the voltage, total charge capacity, the number of charging cycles, weight and ability to handle over-voltage charging conditions. The lifespan of the batteries varies according to the type of usage. The lithium batteries have taken the market completely due to its lighter weight and provide double power. Almost 80-90% of the e-bikes are suited with lithium-ion batteries.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The E-bike Battery market is a dynamic and exciting space with a lot of potential for growth. The competition is fierce, but the players who can innovate and adapt to the changing landscape will be the ones to succeed. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global E-bike Battery market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AllCell Technologies (United States), BMZ (Germany), Coslight Pvt. Ltd. (India), Fusion Power Systems (India), Johnson Matthey Battery Systems (United Kingdom), Panasonic (Japan), SAMSUNG SDI (South Korea), Phylion Battery Co., Ltd. (China), Shenzhen Delong Energy Technology (China) and LG Chem (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are CATL (China), EVE Energy Co., Ltd. (China) and BAK Battery (China).
Segmentation Overview
AMA Research has segmented the market of Global E-bike Battery market by Type (Lithium Batteries, Nickel Batteries and Lead Batteries) and Region.
On the basis of geography, the market of E-bike 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 Charging Cycles, the sub-segment i.e. Up to 1000 Charge Cycles will boost the E-bike Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Life Span, the sub-segment i.e. 2-3 years will boost the E-bike Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in the E-Bike Batteries and Improvements in the E-Bike Designs
Market Growth Drivers:
Increased Adoption of E-Bikes Leads into Demand for E-Bike Batteries, Government Initiatives for E-Bike Purchase, Increasing Prices of Fossil Fuels and Ease of Availability of Raw Material for Manufacture Batteries
Challenges:
Low Life Span of the Batteries
Restraints:
High Cost Associated With Replacement of E-Bike Batteries
Opportunities:
Rising Automobile Industry in Developing Countries Such As India and China and Growing Awareness among the Consumers about Environmental Safety
Market Leaders and their expansionary development strategies
In August 2023, Bosch and SK Innovation this partnership focuses on developing next-generation lithium-ion battery cells for e-bikes, with an emphasis on improved range, safety, and sustainability. Bosch, a major player in e-bike components, and SK Innovation, a leading battery manufacturer, aim to provide e-bike makers with cutting-edge battery solutions.
In October 2023, SK Innovation unveiled its NCM9 battery, claiming a 20% increase in energy density compared to previous models. This translates to longer ranges for e-bike riders.
Key Target Audience
E-bike Battery Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
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.