MRC Announces the Publication of its Research Report – Global E-bike Battery Market 2017-2021
MRC 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 MRC’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.”
MRC 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 MRC’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.”
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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.
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 vendors.
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.
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 vendors.
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