E-Bike Battery Market Size
[170+ Pages Research Report] to surpass USD 35.6 billion by 2031 from USD 9.6 billion in 2021 at a CAGR of 14.1% throughout the forecast period 2021-31.
The battery is one of the most crucial parts to consider when buying an electric bicycle. The bicycle's battery controls how long it can be used before needing to be recharged, how far it can travel, and how heavy or light it is. When buying an e-bike, make sure to pay attention to the battery because it's one of the most expensive components. Even more frequently than not, a good lithium battery pack can run you as much as the rest of your electric bike equipment. It's crucial to choose the appropriate pack for the task at hand. You can find information that will put you on the proper route to e-bike pleasure down below.
Market Highlights
Global E-Bike Battery Market is expected to project a notable CAGR of 14.1% in 2031.
Global E-Bike Battery Market to surpass USD 35.6 billion by 2031 from USD 9.6 billion in 2021 at a CAGR of 14.1% in the coming years, i.e., 2021-2031. The market is expanding significantly as a result of factors, such as rising urbanization, rapid economic expansion, increased tourist activity, and high gasoline prices. Additionally, the market is expanding due to the growing demand for e-bikes as an efficient and ecologically responsible mode of transportation.
Figure - Market Analysis of Global E-Bike Battery Market
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Global E-Bike Battery Market: Segments
Lead-Acid Battery segment is expected to grow with the highest CAGR during 2021-31
Based on Battery Type, the global E-Bike Battery Market is fragmented into Lead-Acid Battery, Li-ion Battery, and NiMH Battery. Due to its low cost, long lifespan, and low maintenance requirements, the lead-acid battery sector is anticipated to dominate the market. This kind of cell can be helpful when it comes to cost-cutting. These battery kinds are incredibly affordable, and you may recycle them as well. The lead-acid battery category, among others, is dominated by these elements taken collectively.
Folding Electric Bike segment is expected to grow with the highest CAGR during 2021-31
Global E-Bike Battery Market is classified on the basis of application into Folding Electric Bike, Smart Electric Bike, and Others. Due to factors like the world's population growth, urbanization, and the rise in entry-level, reasonably priced vehicles and motorcycles, which have caused an increase in traffic congestion globally, the folding electric bicycle sector is predicted to dominate the market. The lightweight aluminum alloy collapsible frame of the electric bicycle allows for quick folding and simple storage.
Figure - Market Analysis of Global E-Bike Battery
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Market Dynamics
Drivers
The Growing Environmental Concern is driving the demand for E-Bikes
E-bikes have numerous uses in numerous industries throughout the world in addition to being a safer, more environmentally friendly, and practical mode of transportation for short distances. Cycling tour packages have been provided by several travel agencies in Europe, and both tourists and locals are starting to take notice. Indeed, even tourists want to use e-bikes to visit particular locations in the countryside because they are enchanted by this novel and unusual experience. People all across the world are switching to environmentally friendly modes of transportation as a result of growing environmental concerns. The market for e-bikes has been facilitated by the worrisome rate of fossil fuel depletion.
The Advantage of Battery Capacity Information to the Driver
The driver of an electric vehicle can more accurately calculate distance and schedule battery charges to reduce overcharging and over-discharging by having knowledge about the battery's capacity. The released capacity of a battery is affected by a variety of factors, including different discharge rates, ambient temperature, battery charge and discharge efficiency, and battery age.
Restraint
Maintenance of Batteries and Reduction in Oil Prices
Some of the reasons that are anticipated to impede the growth of the E-Bike Battery Market are the drop in oil costs and battery maintenance.
Global E-Bike Battery Market: Key Players
- 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
- Other Prominent Players
Global E-Bike Battery Market: Region
Global E-Bike Battery Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Due to the abundance of manufacturers in the region, the market in the Asia Pacific is expected to develop at the greatest CAGR during the forecast period. Due to rising urbanization and rising desire for alternatives to traditional vehicles like e-bikes, the region is predicted to have the fastest-growing market.
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Impact of COVID-19 on E-Bike Battery Market
The e-bike battery market is rapidly regaining its pre-COVID levels, and over the projected period, a solid growth rate is anticipated, spurred by the economic recovery in most emerging countries. The high contagiousness of the virus and the frequent suspension of public transportation systems drove the need for passenger automobiles, which in turn drove demand for E bike Battery products.
Global E-Bike Battery Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of Middle East and Africa
Global E-Bike Battery Market report also contains analysis on:
E-Bike Battery Market Segments:
- By Battery Type
- Lead-Acid Battery
- Li-ion Battery
- NiMH Battery
- By Application
- Folding Electric Bike
- Smart Electric Bike
- Others
- E-Bike Battery Market Dynamics
- E-Bike Battery Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
E-Bike Battery Market Report Scope and Segmentation
|
REPORT ATTRIBUTE |
DETAILS |
|
Market size value in 2021 |
USD 9.6 billion |
|
Revenue forecast in 2031 |
USD 35.6 billion |
|
Growth Rate |
CAGR of 14.1% from 2021 to 2031 |
|
Base year for estimation |
2020 |
|
Quantitative units |
Revenue in USD million and CAGR from 2021 to 2031 |
|
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments covered |
Battery Type, Application, and Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
|
Key companies profiled |
LG Chem Ltd., 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, and Other Prominent Players. |
Frequently Asked Questions (FAQ):
E-Bike Battery Market size was estimated at USD 9.6 billion in 2021 and is expected to reach USD 35.6 billion in 2031.
The most important and expensive component of an e-bike is the battery. Determining how long the bicycle may be used before needing to be recharged is crucial.
Lead-Acid Battery segment accounted for the largest E-Bike Battery Market share.
Key players in the E-Bike Battery Market include LG Chem Ltd., 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, and Other Prominent Players.
Over the projected period, industry growth is anticipated to be fueled by the exemption from common traffic laws and regulations as well as the growing demand for e-bikes.
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