The global Li-ion E-Bike market is anticipated to grow at a significant CAGR of 30.7% during the forecast period (2022-2028). Due to their higher capacity-to-weight ratio, Li-ion batteries are becoming more common than other battery types. Its adoption is influenced by factors such as improved performance (long life and low maintenance), a longer shelf life, and a reduced price. Leading competitors in the market, on the other hand, have been investing in economies of scale and R&D to improve their performance, resulting in increased competition and reduced Li-ion battery costs.
Li-ion batteries have traditionally been used largely in consumer electronic products such as mobile phones and computers, but due to considerations like as low environmental effect, they are increasingly being modified for use as the major power source in hybrid and fully e-bikes (They emit no CO2, nitrogen oxides, or other greenhouse gases). Li-ion batteries are far safer than other battery types, and all battery manufacturers ensure that customers are protected in the case of a battery failure. As a result, the market for electric vehicle batteries is expected to grow significantly throughout the anticipated period.
The Li-ion E-Bike market is expected to grow due to factors such as the implementation of government regulations to encourage the use of electric bikes, consumer inclination toward using e-bikes as an eco-friendly & efficient commute solution, increase in fuel costs, and an increased interest in cycling as fitness & recreational activity. In comparison to other types of e-bikes, such as city/urban and freight e-bikes, demand for e-MTBs has risen rapidly in recent years. It’s ideal for off-roading by its ruggedness, which ensures safety even in wet and slick conditions. E-MTBs are used not just for mountain tours, but also for commuting to work and shopping in many cities. The key reason for e-MTBs’ increasing popularity is their durability, which makes them ideal for road use. As they appear to be more expensive and stylish, e-MTBs have also become a status symbol, and with the Li-ion batteries, it becomes cost-effective also.
Some major players in the market include Accell Group N.V., Giant Manufacturing Co., Ltd., Merida & Centurion Germany GmbH, and Yamaha Motor Corporation, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.
Merida & Centurion Germany GmbH offers BT-E8035, an internal lithium-ion battery with a capacity of 504 Wh, which charges from 0 to 100% in 5 hours (when using the EC-E6000 charger) and keeps at least 60% of its original capacity after 1,000 charging cycles. The aluminum-cased battery is exceptionally compact, allowing us to smoothly incorporate it into the downtube for plenty of room for the rear shock, additional water bottle mounting points, and top tube clearance. It is impact and vibration-resistant, as well as waterproof.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Motor Type
- By Usage
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Accell Group N.V., Giant Manufacturing Co., Ltd., Merida & Centurion Germany GmbH, Yamaha Motor Corporation, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
A full report of Global Li-ion E-Bike Market is available at: https://orionmarketreports.com/global-li-ion-e-bike-market/102174/
Global Li-ion E-Bike Market Report by Segment
By Motor Type
- Hub
- Mid
By Usage
- Tracking
- Urban
- Cargo
- Others
Global Li-ion E-Bike Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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