Key vendors dominating this market space include Chaowei Power Holdings Ltd, Tianneng Power Int. Ltd, Panasonic Storage Battery (Shenyang) Co. Ltd, and Chisen Electric Co.
Commenting on the report, an analyst from TechNavio’s Clean Tech team said, The Global e-bike market is one of the fastest-growing markets in the world. Many developing and developed countries are adopting e-bikes faster in comparison to other automobile vehicles. Increasing health awareness, rising fuel prices, and increasing disposable incomes are some of the major drivers of the Global e-bike market growth. These factors have had a direct impact on the Global e-bike Battery market as a result.
According to the report, vendors have started to develop next-generation batteries for e-bike applications. The market is dominated by both lead-acid and li-ion battery vendors. However, these two battery vendors are facing challenges such as price war, lead content pollution, and high cost of li-ion batteries. Therefore, vendors have started to develop next-generation batteries, which give more efficient and reliable energy storage in a cost-effective manner.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.