The market for electric bikes was estimated to be worth USD 35.69 billion, from 2022 to 2028, rising from USD 40.16 billion in 2022 to USD 92.19 billion. The COVID-19 pandemic has had an unprecedented and shocking impact on the world, and all regions have seen higher-than-expected demand for electric bikes compared to pre-pandemic levels.
E-bikes” are bicycles that have a motor to help the rider and relieve some of the strain from pedalling. E-bikes allow riders to pedal farther and more frequently without getting tired than traditional bicycles. It aids those with limited mobility and offers a more inexpensive alternative to driving. Because of swiftly rechargeable batteries, light motors, and improvements in bicycle component technology, electric mopeds are becoming more frequently employed as an efficient, ecologically friendly, and practical method of transportation.
Bicycles with a motor that aid the user and lessen part of the strain of pedalling efforts are referred to as “e-bikes.” Compared to traditional bicycles, e-bikes allow users to pedal farther and more frequently without becoming weary. It provides a more affordable alternative to driving and benefits people with limited mobility. Electric mopeds are now more widely used as an effective, environmentally beneficial, and practical mode of transportation because of quickly rechargeable batteries, lightweight motors, and technological advancements in bicycle components.
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It started deploying fleets of electric mopeds as public transportation dwindled during the pandemic. These bikes are becoming more and more popular, and in many locations, they have replaced non-motorized cycles. After the pandemic, Market brought micro-mobility to light as a crucial transportation service, filling in where transit service ceased or gaps existed and assisting vital workers in getting to work.
The lead acid market category had the biggest market share. Most of the e-bikes on the market today use lead acid batteries since they are inexpensive, simple to recycle, and reliable. Despite being less expensive, lithium-ion batteries are now taking the place of these older batteries because they offer higher efficiency, range, and durability. Lead acid batteries are criticised for being less durable than lithium-ion batteries and for not being eco-friendly.
The ecology of public transportation includes shared micro mobility. Shared electric micro-mobility is a flexible transportation option that offers mobility services for several journeys at a cheaper per-traveller cost, complementing greater volume fixed-route transit services. The income and expansion potential for a number of leading industry competitors have benefited from this notable increase in demand. The ecology of public transportation includes shared micro mobility. Shared electric micro-mobility is a flexible transportation option that offers mobility services for several journeys at a cheaper per-traveller cost, complementing greater volume fixed-route transit services.
Regional Analysis:
The market was led by the Asia Pacific region and was valued at USD 22.56 billion.with China accounting for the majority of the e-bike market share). The market dominance in this region is attributed to a number of factors, including the extensive bicycle infrastructure in developed and developing nations alike, including China and Japan, the high levels of traffic and public transportation congestion, and the increasingly strict emission regulations for gasoline motorcycles.
The market is predicted to increase significantly throughout Europe. The second edition of the European Mobility Atlas was released in July 2021 by the Heinrich Böll Stiftung European Union. The report states that 23 of the 27 EU members have an active e-bike manufacturing and parts business. There are about small and medium-sized businesses (SMEs), sales of electric bikes in the EU are anticipated to reach 13.5 million units, with 60 percent of those bikes being made in Europe.
The market is also anticipated to rise strongly in Many cities, including San Francisco, New York, and Washington, D.C., have reduced speed restrictions, blocked off certain routes to vehicles, and built special lanes for two-wheelers. These elements are to blame for the rise in e-bike usage in this area.
Competitive Analysis:
One of the top major companies in this industry is Accell Group, Through its Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Raleigh, Sparta, Babboe, and Carqon XLC Brands, Accell has a well-known brand in Europe and a wide range of products. The corporation has been able to increase its market share thanks to these brands, Bosch Robert GmbH, Samsung Electronics, Liv Cycling Samsung SDI Shimano Inc. (Energy Pak).
Important Features of the E-bike Battery Market report:
– Potential and niche segments/regions exhibiting promising growth.
– Detailed overview of E-bike Battery Market.
– Changing market dynamics of the industry.
– In-depth E-bike Battery Market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value.
– Recent industry trends and developments.
– Competitive landscape of E-bike Battery Market.
– Strategies of key players and product offerings.
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Table of Contents:
1. E-bike Battery Market Overview
2. Impact on E-bike Battery Market Industry
3. E-bike Battery Market Competition
4. E-bike Battery Market Production, Revenue by Region
5. E-bike Battery Market Supply, Consumption, Export and Import by Region
6. E-bike Battery Market Production, Revenue, Price Trend by Type
7. E-bike Battery Market Analysis by Application
8. E-bike Battery Market Manufacturing Cost Analysis
9. Internal Chain, Sourcing Strategy and Downstream Buyers
10. Marketing Strategy Analysis, Distributors/Traders
11. Market Effect Factors Analysis
12. E-bike Battery Market Forecast (2022-2028)
13. Appendix
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