Global E-Bike Battery Swapping Cabinets Market Analysis by Type of bicycle, Sales Channel, Price, Region and segments forecast till 2033
Market Overview
The global E-Bike battery swapping cabinets market is expected to amplify with a CAGR of 14.2% over 2023-2033, thereby amassing a valuation of USD 18,300 million by end of the assessment timeline.
Report Scope
Report Attributes | Description |
Market Forecast in 2033 | USD 18,300 Million |
CAGR % 2023-2033 | 14.2% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Type of bicycle, Consumption, company share, company heatmap, company Material Type of bicycle capacity, growth factors and more |
Segments Covered | Type of bicycle, Sales Channel, Price |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Amptek, Exide, Amaron, Samsung SDI, SK Innovation, LG Chemical – LG Group Subsidiary, CATL Germany, Northvolt, Nissan Motor Corporation – Battery Manufacturing, BASF, Johnson Matthey, Yuasa Battery Europe Limited, Power Sonic Europe Limited, ACDelco, Coslight India, Greenfuel Energy Solutions. |
Electric bikes also known as e-bikes have provided cheap, convenient, and relatively energy-efficient transportation. E-bikes generates environmental impact through several processes and as they do not emit any local “tailpipe” emissions, they also do require traditional grid electricity sources in order to recharge their batteries. As the e-bike use grows there are concerns that are rising about lead pollution from their batteries and emissions from their use of grid electricity mainly generated by coal power plants.
While evaluating the environmental consequences of e-bikes throughout the entire life cycle, it is seen that the lead contamination from industrial processes stands out as a major threat to the mode’s environmental sustainability. An average medium-sized e-bike produces around 15% less CO2 per passenger-kilometre (pax-km). E-bikes produce less hydrocarbons and CO2 emissions and also consumes less energy per passenger-kilometre than buses. E-bikes also generates greater amount of SO2 and PM during their life cycle and two orders of magnitude more lead emissions per passenger-kilometre.
Drivers: Battery capacity information has also fueled the market growth
Another factor that has fueled the market growth is the battery capacity information that informs the electric vehicle driver of the remaining battery work time. The batteries in e-bikes differ from other electronic devices, which, in turn has fueled the market growth over the forecast period.
Trends: Changing market trends have boosted the growth
One of the major factor that has boosted the market growth over the forecast period is the changing market trends, such as the policy regulations and institutions from the high end developed countries. These have supported to invest in the e-bikes market that has created demands for the E-bikes.
Type of bicycle Insights
The road segment has dominated the market growth over the forecast period.
Sales Channel Insights
The online segment has dominated the market growth over the forecast period owing to the widespread internet penetration across the globe.
Price Insights
<$1,000 led the market with a revenue share of over 30.0% in 2021, and is anticipated to grow at a significant CAGR over the forecast period.
Regional Insights
The Global E-Bike Battery Swapping Cabinets Market is segmented into 5 main regions namely, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Among these, Europe has dominated the market growth over the forecast period. This is because of the rising number of e-bikes production and also the changing market trends in the region. Germany has seen a significant rise in the production of e-bikes in recent years, with several government initiatives aimed at promoting the use of electric bicycles. According to the German Bicycle Industry Association (ZIV), e-bike production in Germany increased by 38% in 2020 compared to the previous year. In total, 1.1 million e-bikes were produced in Germany in 2020, accounting for 39% of all bicycles produced in the country. The German government has launched several initiatives aimed at promoting e-bikes and other forms of sustainable mobility. For example, in 2019 the government announced a €1.5 billion package to promote the use of e-bikes and other electric vehicles. The package includes subsidies for the purchase of e-bikes and charging infrastructure.
Competitive Analysis
Some of the prominent companies operating in the market are Amptek, Exide, Amaron, Samsung SDI, SK Innovation, LG Chemical – LG Group Subsidiary, CATL Germany, Northvolt, Nissan Motor Corporation – Battery Manufacturing, BASF, Johnson Matthey, Yuasa Battery Europe Limited, Power Sonic Europe Limited, ACDelco, Coslight India, Greenfuel Energy Solutions.
· In 2021, Bosch eBike Systems announced plans to invest €400 million in expanding its e-bike production capacity in Germany over the next four years. The investment will be used to build a new plant in Dresden and expand existing facilities in Reutlingen and Hildesheim.
· In 2020, MIFA, a German bicycle manufacturer, announced plans to increase its production capacity for e-bikes by 50% in response to growing demand. The company cited the COVID-19 pandemic as a factor driving increased interest in e-bikes.
Global E-Bike Battery Swapping Cabinets Market- Segmental Analysis
Based on type of bicycle
• Road
• Mountain
• Hybrid
Based on Sales Channel
• Online
• Offline
Based on Price
• <$1,000
• $1,000-$4,000
• >$4,000
Why to buy this Report?
The report provides quantitative and qualitative aspect for Global E-Bike Battery Swapping Cabinets Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both Type of bicycleion and consumption point of view at the regional and country level. Key Factors considered within the report scope are Type of bicycleion capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Global E-Bike Battery Swapping Cabinets Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Type of bicycleion Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the Card Type of bicycle in taking a key decision within the business:
• Company Share Analysis from 2020-2022
• Company Analysis by Revenue and Sales
• Company Type of bicycle Capacity, Gross Margin
• Company Share Analysis by Card Type of bicycle/Card Type of bicycle
• Company Share Analysis by Type of bicycle/Specification
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Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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