E-bike market projections to 2027
Contents |
[edit] Introduction
The global electric bike (e-bike) market is set to gain impetus from the rising trend of bike-sharing as a mode of transportation.
[edit] COVID-19 impact on e-bike designs
In 2020, the COVID-19 pandemic disrupted the supply chain of companies that used to purchase vital components (such as lithium and cobalt) from China. Hence, several companies tried to reduce their dependence on one country. Some have also looked to change the designs of the vehicles.
The pandemic also decreased the demand for the product.
[edit] Increasing congestion in developing nations
Developing nations are facing increases in traffic congestion. Therefore governments are taking initiatives such as promoting the use of e-bikes to help reduce the number of taxis and private cars on the road.
However, as e-bikes are operated by batteries, they may have technical issues, such as quick discharge of batteries. This factor may hamper the growth of the e-bike market in the years ahead.
[edit] Lithium-ion
Based on battery type, the lead acid segment had a 31.3% market share in 2019. This segment is expected to see a lower growth in the coming years due to the implementation of strict rules by regulatory bodies of various countries for their usage.
These batteries release harmful gases that may impact on the environment. The lithium-ion segment, on the other hand, will dominate, owing to multiple beneficial properties.
[edit] Dominance of Asia Pacific
Asia Pacific is set to dominate throughout the forthcoming years due to the major contribution of China, a prominent consumer and producer of e-bikes.
Europe is expected to remain in second position stoked by the presence of stringent vehicular emission standards.
[edit] Innovative products
The companies operating in the market are constantly conducting research and development activities to create state-of-the-art e-bikes. As more countries are inclined towards saving energy, these products are in high demand.
Below are two most recent industry developments:
- September 2020: Atumobile Pvt. Ltd., an electric vehicle startup headquartered in Hyderabad, India, launched its electric bike named Atum 1.0. Its base price is Rs 50,000. The bike is approved by International Centre for Automotive Technology (ICAT) and does not require a driving license or registration.
- August 2020: Detel, a consumer electronic brand based in Delhi introduced Detel Easy, its cheapest electric two-wheeler priced at Rs 19,999. It is equipped with a 48V 12AH LiFePO4 battery that delivers 60 km at full charge.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Types of domestic heating systems.
Will the way we heat homes change when winter comes ?
Extended reality in a post-pandemic world.
Can XR technology be leveraged in design & construction?
Or are you capping.
STEM ambassadors needed for ICE CityZen award.
Digital gaming competition for UK students aged 16 to 18.
Heritage protection in England vs Australia.
Fire doors and the Fire Door Inspection Scheme.
Three-quarters of fire doors fail inspections
UN International Day for Biological Diversity, May 22.
The role of geoparks, biospheres and world heritage sites.
BSRIA conference 2022, June 23.
Just one month to go ! Find out more here.
Restoring Broadbent’s Bath House
A new gallery for the University of Huddersfield.
Corruption in the construction industry.
What will it take to stop it ?
To celebrate world bee day 2022 !
Just one month until the changes to part L come into effect.
Not forgetting part F and the new part overheating part O.
Heat Pump demand rises by one quarter.
As energy prices jump up in cost.
With people in the UK from Ukraine.
Industry leader Steve Murray takes on role.
An abundant and versatile building material.
How overheating complicates ending gas in the UK.
600,000 heat pump installations targeted per year by 2028.
Cost planning, control and related articles on DB.
Helping prevent those unwanted outcomes.
ICE debate Public transport - post pandemic.
How has transport changed due to Covid-19 ?
Cross-ventilation in buildings. Do you have it ?
Will you need it ? after June 15 and the new Part O ?
Share your knowledge with the industry.
Create an account and write the first of many articles.