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
ECA Industry Awards 2024 shortlist revealed
22 leading businesses from across the electrotechnical and engineering services sector.
Government unveils Skills England strategy
Skills England to transform opportunities and drive growth.
New Government Hub for York Given Planning Green Light
For up to 2,600 civil servants, due for completion by 2028.
Construction Skills Certification Scheme cards
July update on Professionally Qualified and Academically Qualified Person Cards.
BSRIA Briefing 2024, November 22
Sustainable Futures: Redefining Retrofit for Net Zero Living.
The CLC on driving competency in the retrofit sector
Previously published roadmap on skills for net zero.
The first labour government King's speech in fifteen years
Construction industry reactions, support and some concern.
CIOB Retrofit of Buildings Technical Information Sheet
What retrofit is, the approach to be taken and processes to be followed.
Adapting Historic Buildings for Energy and Carbon Efficiency
Historic England advice note 18, free download published.
10 retrofit projects revisited 10 years after completion.
Information orders, building liability orders and SPVs
Key BSA terms and how they impact special purpose vehicles.
Listed despite problems with its design.
Zen and the art of cycling exploration.
Design Council Homes Taskforce launched
To support government 1.5 million homes target within UK climate commitments.