The e-bike battery market is predicted to grow with a moderate CAGR during the forecast period, i.e., 2021-2029, on account of the rising demand for e-bikes and exemption from standard traffic rules and guidelines.
The market is segmented by battery type into the lead-acid battery, li-ion battery, and NiMH battery. Among these segments, the lead-acid battery segment is expected to hold the largest market share due to its durability, low cost, and maintenance.
Research Nester released a report titled “E-Bike Battery Market: Global Demand Analysis & Opportunity Outlook 2029″ which delivers detailed overview of the global e-bike battery market in terms of market segmentation by battery type, application and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The e-bike battery market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. It can be attributed to the fact that the region will provide significant business opportunities for the vendors present in the region during the forecast period.
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The e-bike battery is exempted from guidelines and standard traffic rules. E-bikes are obtaining momentum in the market owing to the numerous benefits offered. A significant advantage is that most e-bikes do not require a license to drive or register, exempting them from taxes. An e-bike that touches a speed of up to 25 mph is exempted from the registration and license. On the other hand, e-bikes that reach speeds above 25 mph require a license and registration.
This report also provides the existing competitive scenario of some of the key players of the global e-bike battery market which includes company profiling of LG Chem Ltd. (KRX: 051910), OptimumNano Energy Co. Ltd., Samsung SDI CO. LTD. (KRX: 006400), AllCell Technologies LLC, TianJin Lishen Battery Joint-Stock CO. LTD., Hunan CTS Technology Co. Ltd., ZHANGZHOU YOKU ENERGY TECHNOLOGY Co. Ltd., Johnson Matthey Plc (LON: JMAT), and Kingbo Power Technology Co. Limited. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global e-bike battery market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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