Global E-bike Battery Market 2017-2021
About E-bike Battery
An electric bicycle, also identified as an e-bike or booster bike, is a bicycle with an electric motor utilized for thrust. There is a great variation of e-bikes available globally, from e-bikes that have a less powered motor to assist the rider's pedal-force to slightly more powerful e-bikes, which are closer to moped-style. However, all retain the ability to be pedaled by the rider and are therefore not considered as electric motorcycles.
Technavio’s analysts forecast the global E-bike battery market to grow at a CAGR of 1.01% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global E-bike battery market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global E-bike Battery Market 2017-2021
Technavio recognizes the following companies as the key players in the global E-bike battery market: HK KINGBOPOWER TECHNOLOGY, LG Chem, OptimumNano Energy, SAMSUNG SDI, YOKU Energy, and Sunbright Power.
Other Prominent Vendors in the market are: AllCell Technologies, BMZ, Coslight India Telecom, Fusion Power Systems, Johnson Matthey Battery Systems, Panasonic, Phylion Battery, Melsen Power Technology, Shenzhen Telong Energy Technology, and TianJin Lishen Battery.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is declining Li-ion battery prices. The global Li-ion battery market is gaining momentum and growing rapidly in the global battery market. Owing to this, the global lead-acid battery market will witness a slow growth. The factor that discriminates between Li-ion batteries and lead-acid batteries is the price.”
According to the report, one driver in the market is exemption from standard traffic rules and guidelines. E-bikes are gaining momentum in the market owing to the numerous benefits offered. One of the major benefits is that most e-bikes do not require a license to drive or registration, which exempts them from road taxes. An e-bike that can reach a speed of 25 mph is exempted from registration and license to drive. However, e-bikes that can reach speeds above 25 mph require a license and registration.
Further, the report states that one challenge in the market is decline in oil prices. Users worldwide are shifting their focus on e-bikes to reduce their fuel cost and dependency on petrol. Since 2012, there has been a continuous year-over-year decline in petroleum prices, which is having a negative impact on the growth of the global e-bike market. As e-bikes solely run on battery or electricity, the year-over-year decline in petrol prices is affecting the global e-bike battery market. As the petrol cost per gallon declines, the value proposition for substituting to alternative fuel systems such as e-bikes also decreases, which is increasing the payback period.
HK KINGBOPOWER TECHNOLOGY, LG Chem, OptimumNano Energy, SAMSUNG SDI, YOKU Energy, Sunbright Power, AllCell Technologies, BMZ, Coslight India Telecom, Fusion Power Systems, Johnson Matthey Battery Systems, Panasonic, Phylion Battery, Melsen Power Technology, Shenzhen Telong Energy Technology, and TianJin Lishen Battery.
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