Enjoy complimentary customisation on priority with our Enterprise License!
The e-bike battery market share is expected to increase by USD 1.64 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.32%.
This electric bike battery market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the e-bike battery market segmentation by type (lead acid battery, li-ion battery, and nickel-metal hydride battery) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The e-bike battery market report also offers information on several market vendors, including Beam Group, BMZ Holding GmbH, Coslight India Telecom Pvt. Ltd., Giant Manufacturing Co. Ltd., Guangzhou Yuntong Lithium Battery Co. Ltd., Hunan CTS Technology Co. Ltd., Johnson Matthey Plc, LG Corp., Melsen Power Technology Co. Ltd., OptimumNano Energy Co. Ltd., Padre Electronics Co. Ltd., Panasonic Holdings Corp., Phylion Battery Co. Ltd., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Shenzhen Handpack Technology Co. Ltd., Shenzhen Telong Energy Technology Co. Ltd., SHIMANO INC., Yamaha Motor Co. Ltd., and ZHANGZHOU YOKU ENERGY TECHNOLOGY Co. Ltd. among others.
Download Report Sample to Unlock the E-bike Battery Market Size for the Forecast Period and Other Important Statistics
Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The long shelf life of Li-ion batteries when compared with other battery technologies is notably driving the e-bike battery market growth, although factors such as lead pollution and stringent laws on battery disposal may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the electric bike battery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key E-bike Battery Market Driver
The long shelf life of Li-ion batteries when compared with other battery technologies is a key factor driving the global e-bike battery market growth. Li-ion batteries are widely used in electric vehicles (EVs). Li-ion batteries are gaining momentum rapidly in the EV market, which is expected to increase further during the forecast period. Lithium-ion (Li-ion) phosphate batteries are the most adopted battery technology when compared with other types of Li-ion battery technologies. Li-ion batteries have several advantages over nickel-metal hydride batteries and lead-acid batteries. One of the key benefits of Li-ion batteries is the longer shelf life. Lithium-iron phosphate batteries have a good electrochemical performance, along with little resistance. The advantages of using these batteries are that they increase thermal stability and safety and have high current density with a longer lifespan. The presence of nano-scale phosphate cathode material enhances their performance and shelf life. Hence, the advantages of Li-ion batteries over other battery chemistries that are mentioned above will drive the growth of the global E-bike battery market, and it is expected that it will boost the market growth further during the forecast period.
Key E-bike Battery Market Trend
Advances in E-bike designs will fuel the global e-bike battery market growth. E-bike manufacturers are focusing on changes and advances in E-bike designs as consumers are increasingly adopting E-bikes and preferring advanced multipurpose E-bikes. Manufacturers are upgrading the batteries as well as the design of the E-bikes, as new designs require higher battery capacity and energy density. The need to incorporate more functionalities into an E-bike battery has led to the use of high-energy density batteries; however, high-energy density batteries require better battery technology since traditional battery technologies, such as lead acid batteries, do not have high energy density. Consumers want added functionality without compromising on battery life, and extending the battery life is an important aspect to consider in gaining market acceptance. This has led developers of E-bike batteries, such as Panasonic Corp. and Samsung SDI, to use low-power modules and chips that consume less energy and employ energy-harvesting technology to extend the run time of an E-bike. The development of flexible E-bikes and next-generation E-bike batteries (such as Lithium-sulfur cells) with long-range is expected to revolutionize E-bike power sources and technology in the future.
Key E-bike Battery Market Challenge
Lead pollution and stringent laws on battery disposal are major challenges to the global e-bike battery market growth. The recycling of lead-acid batteries reduces the volume of of batteries that are disposed of as solid waste. The standard arrangement of lead-acid batteries comprises lead plates placed in sulfuric acid inside a plastic casting. As soon as the lead acid batteries stop yielding efficiency, they will become unusable and are considered hazardous waste. The recycling of lead acid batteries in highly populated areas, with limited pollution checks, has negatively impacted the environment. The demand for lead-acid batteries has increased with the growth in the automotive sector and the widening scope for battery energy storage applications for hybrid electric vehicles and renewable power generation. However, the production of lead-acid batteries is associated with many environmental risks due to lead pollution. Lead-acid battery production comprises the use of toxic materials because of the lack of safer substitutes. It requires a large quantity of lead, and a portion of the lead is often mixed with the discharged fumes. This leads to health problems owing to air pollution. The above factors will hinder the market growth during the forecast period.
This e-bike battery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global E-bike battery market as a part of the global renewable electricity market within the global independent power and renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the e-bike battery market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the e-bike battery market encompasses successful business strategies deployed by the key vendors. The e-bike battery market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report on the global E-bike battery market contains comprehensive market knowledge and an in-depth vendor landscape add-on to an analysis of the key vendors.
Our report provides extensive information on the value chain analysis for the e-bike battery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and the evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global renewable electricity market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
For more insights on the market share of various regions Request PDF Sample now!
59% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the e-bike battery market in APAC. Market growth in this region will be slower than the growth of the market in other regions.
The long shelf life of Li-ion batteries when compared with other battery technologies will facilitate the e-bike battery market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the outbreak of the COVID-19 pandemic in APAC led to the temporary shutdown of e-bike battery manufacturing units. The stay-at-home measures resulted in a decline in electric vehicle sales and a significant decline in the demand for e-bike batteries. The restrictions on trade between China and a few other countries, such as the US, compelled Chinese manufacturers to reduce their production volumes in 2020. This hampered the growth of the e-bike battery market in APAC in 2020. Since Q4 2020, various regional e-bike battery manufacturers have been focusing on increasing production and reducing supply chain bottlenecks. In addition, various countries have been taking initiatives to boost automobile production. Moreover, with the lifting of lockdowns and the resumption of operations in e-bike battery manufacturing units in Q4 2020 due to the initiation of large-scale vaccination drives, the market in focus started to recover gradually, and the demand for e-bike batteries will rise during the forecast period.
To gain further insights on the market contribution of various segments Request a PDF Sample
The e-bike battery market share growth by the lead acid battery segment will be significant during the forecast period. Lead-acid batteries are a mature technology that has been widely accepted and primarily used in the conventional automotive and power market. Lead-acid batteries have been used for more than 50 years and are economical. Lead acid batteries are primarily used in the conventional automotive and power market. These batteries are deployed extensively to support power supply to telecom towers. Most automobiles use sealed valve-regulated lead acid (VRLA) or flooded lead acid (FLA) batteries.
This report provides an accurate prediction of the contribution of all the segments to the growth of the e-bike battery market size and actionable market insights on the post-COVID-19 impact on each segment.
|
E-bike Battery Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.32% |
|
Market growth 2022-2026 |
$1.64 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
3.1 |
|
Regional analysis |
APAC, Europe, North America, South America, and the Middle East and Africa |
|
Performing market contribution |
APAC at 59% |
|
Key consumer countries |
US, China, India, Japan, and Germany |
|
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
|
Key companies profiled |
Beam Group, BMZ Holding GmbH, Coslight India Telecom Pvt. Ltd., Giant Manufacturing Co. Ltd., Guangzhou Yuntong Lithium Battery Co. Ltd., Hunan CTS Technology Co. Ltd., Johnson Matthey Plc, LG Corp., Melsen Power Technology Co. Ltd., OptimumNano Energy Co. Ltd., Padre Electronics Co. Ltd., Panasonic Holdings Corp., Phylion Battery Co. Ltd., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Shenzhen Handpack Technology Co. Ltd., Shenzhen Telong Energy Technology Co. Ltd., SHIMANO INC., Yamaha Motor Co. Ltd., and ZHANGZHOU YOKU ENERGY TECHNOLOGY Co. Ltd. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
