Increasing Usage of E-Bicycles to Surge the Demand for E-Bike Battery Pack

Besides being a cleaner, greener, and feasible transport option for short distances, e-bikes have various applications in different sectors worldwide. Some travel agencies in Europe have introduced cycling tour packages that are becoming popular between tourists and localities. Since Europe houses multiple tourist attractions, people visit this destination in large numbers. Indeed, even travelers are charmed by this new and different experience and decide on e-bicycles to visit specific locales in the countryside.

The usage of e-bikes is comparatively increasing as urban areas in the United States, like Boulder, Colorado, and Madison, Wisconsin, are highly cycling-friendly urban regions. Additionally, the Federal highway spent USD 915.8 million for cycle and foot-related infrastructures, seemingly impacting the use of e-bikes in these areas. These factors prove to be the biggest drivers for the global e-bike battery pack market. 

Environmental Concerns to Aid the Market Growth

Due to the growing environmental concerns, people worldwide are shifting towards environment-friendly ways of transport. The depletion of fossil fuels at an alarming rate has paved the way for e-bikes in the market. Governments worldwide have come up with stringent norms regarding carbon emission, and hence the demand for these electric bikes is increasing worldwide.

Besides, e-bikes release no carbon emissions, save space, and guarantee great well-being. Consequently, e-bicycles are a viable method of transportation for brief distances (20–25 km) because of these benefits. In any case, because of the COVID-19 pandemic, individuals are picking e-bicycles for their long-range travel needs too, and the market is relied upon to witness fresher models with further developed reach and battery duration.

Effect of COVID-19

The pandemic has affected the inventory network of e-bicycles, e-bicycle adornments, and e-bicycle battery pack areas. Makers are likely to sell their items through different territorial providers. The chance of minor players offering parts at cutthroat rates is relied upon to limit the development of the enormous and laid out players on the lookout. Additionally, it is expected to urge providers to request a higher benefit share.

A need for supply and a production network hole will be prompting a cost increment to recuperate benefits and guarantee supportability. One more justification behind a cost climb is probably going to be the inclination of acquiring items from Europe, North America, and Southeast Asia instead of buying cheap Chinese materials. Nonetheless, this will probably be troublesome and unrealistic, remembering the innovative advances and the strong producing structure in China worked throughout the long term.

Got questions about your regional growth of

E-bike Battery Pack Market?

Just drop us a line or call on +1 646 480 7505

Regional Insights

The e-bicycle battery pack market in the district is as yet in its development stage. It is driven by the US, as e-bicycles are, bit by bit, becoming well known among workers, senior residents, and sporting riders. The US e-bicycle deals developed by over 80% during March 2020, inferable from the COVID-19 pandemic. Major worldwide battery pack makers enter the North American market by joining forces with neighboring e-bicycle producers.

A portion of the primary considerations driving the deals of the e-bicycle market in Germany is the inventive person of the item, completely incorporated batteries and drives, engaging plans, and the utilization of excellent materials. E-bicycle in Germany is the favored method of versatility for sports and relaxation, additionally a perfect, calm, and space-saving option for city-planned operations in the country.

The e-bicycle market in the UAE is developing as a few new companies are devising new stages for leasing e-bicycles for clients. With the changing inclination of individuals in the nation, an ever-increasing number of individuals are settling on green versatility arrangements and choosing e-bicycles. Be that as it may, the creation of e-bicycles in the nation is exceptionally early, and not many organizations like moto Saluki deliver locally. Most e-bicycles are brought into the nation, and these imported e-bicycles catch the biggest piece of the pie in the country.

A few new businesses in the area are sending off the most recent items and getting assets from financial backers to grow their business. For example, in October 2020, iFood and Tembici sent off electric bicycles project for conveyance accomplices in São Paulo. Before long, there will be more than 500 e-bicycles in use with restrictive access through iFood conveyance accomplices. Nearby makers are setting up their creation offices to supply e-bicycles in the nation and gain the developing business sector.

Key Highlights

  • The global e-bike battery pack market was valued at USD 6168.48 million in 2017, and it is predicted to increase at a CAGR of 13.5% from 2021 to 2027
  • According to the battery type, the market is divided into lithium-ion and lead-acid. The lithium-ion is expected to grow at a CAGR of 14.1 % till 2027
  • By motor type, the market is segmented into mid-motor air suspension and hub motor. The mid-motor part acquired the largest market share in 2021 and is expected to grow at a CAGR of 13.5%
  • In battery pack position, the rear carrier segment acquired ~60% of the market in 2021 and is expected to grow at a CAGR of 12.6%.
  • Asia-Pacific is the largest market for e-bike battery packs and is predicted to grow at an elevated CAGR of 13.9% by 2027.

Market News

  • December 2018 – Samsung SDI announced that it was expected to invest about USD 1.15 billion to expand the battery production capacities in Xian and Tianjin, China.
  • November 2018 – The BMZ Group announced that it was launching long-term cooperation in electromobility with Samsung SDI.
  • March 2019 – Yamaha unveiled its all-new Wabash Adventure Gravel series e-bike in the United States.
  • August 2020 – Yamaha launched an e-bike drive unit and a new External Crossover 500Wh battery.
  • October 2019 – Yoku Energy Co. Ltd. invested more than RMB 200 million in a new, fully automated production line for lithium-ion polymer batteries.

E-bike Battery Pack Market: Segmentation

By Battery Type

  • Lithium-Ion
  • Lead-Acid

By Motor Type

  • Mid-Motor Air Suspension
  • Hub Motor

By Battery Pack Position

  • Rear Carrier
  • Down Tube
  • In-Frame

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • SAMEA

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

View Full Report Buy This Report Now

Copyright . All rights Reserved By Straits Research