E-Bike Battery Market size was over USD 11.43 billion in 2023 and is expected to exceed USD 57.29 billion by the end of 2036, growing at over 13.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of E-bike battery is evaluated at USD 12.64 billion.
The word 'e-bike' applies to bicycles with compact and rechargeable electric motor batteries to support the cyclist's power source. The market growth is further driven by increasing urbanization, rapid economic development, increased tourist operation, and high fuel costs. Moreover, the rising demand for e-bikes as an environmentally friendly and effective transportation option is driving the market growth.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
13.2% |
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Base Year Market Size (2023) |
USD 11.43 billion |
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Forecast Year Market Size (2036) |
USD 57.29 billion |
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Regional Scope |
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The E-bike battery market is segmented on battery type into the lead-acid battery, li-ion battery, and NiMH battery, out of which the lead-acid battery segment is expected to lead the market owing to its low cost, durability, and maintenance features.
Our in-depth analysis of the global market includes the following segments:
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By Battery Type |
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By Application |
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Geographically, the E-bike battery market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in the Asia Pacific industry is likely to dominate majority revenue share by 2036, due to presence of key manufacturers in the region. The region is anticipated to be the fastest-growing market due to increasing urbanization and increasing demand for regular vehicle alternatives such as e-bikes.
Author Credits: Saima Khursheed
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