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E-Bike Battery Pack Market Size (2024 - 2029)

The e-bike battery pack market is projected to experience substantial growth over the forecast period, driven by increasing e-bike sales, the expansion of e-bike sharing services, and supportive government initiatives promoting electromobility. The market's expansion is further supported by the introduction of new battery pack products aimed at capturing a larger market share. The Asia-Pacific region is anticipated to lead in market size due to the widespread adoption of e-bikes and the presence of battery manufacturers, while Europe is expected to follow closely due to rising e-bike sales and health consciousness. These factors collectively contribute to the significant growth anticipated in the e-bike battery pack market.

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Market Size of E-Bike Battery Pack Industry

E-Bike Battery Pack Market Summary
Study Period 2020 - 2029
Market Size (2024) USD 12.74 Billion
Market Size (2029) USD 23.80 Billion
CAGR (2024 - 2029) 13.33 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

E-Bike Battery Pack Market Major Players

*Disclaimer: Major Players sorted in no particular order

E-bike Battery Market Analysis

The E-Bike Battery Pack Market size is estimated at USD 12.74 billion in 2024, and is expected to reach USD 23.80 billion by 2029, growing at a CAGR of 13.33% during the forecast period (2024-2029).

In 2020, the e-bike battery pack market witnessed a steady downfall in global demand due to the COVID-19 outbreak. Governments across the nations issued strict policies and regulatory frameworks to lower infection rates. However, on a microscale, the pandemic had a positive impact on electric bike sales. The growing health concerns resulted in more sales of e-bikes. For instance,

  • In 2020, about 1.95 million e-bikes were sold in Germany, up from 1.36 million in 2019.

The motor and battery are the two key components of an e-bike. Choosing the right battery pack plays a crucial role in purchasing an e-bike. The battery is also the costliest component of an e-bike. Currently, there are 24V, 36V, 48V, 52V, and 72V batteries available for e-bike applications.

Most legal electric bike kits use a 36V battery, and the more powerful motors may use a 48V or even a 52V battery. For very high-performance e-bikes, voltages can go up to 72V and beyond.

Over the long term, growing e-bike sales, a rise in e-bike sharing services, government initiatives to promote electromobility, and new launches of battery packs are expected to result in healthy sales of e-bike battery packs.

Key players are launching new products to address the growing market for e-bike battery packs and gain more market share. For instance,

  • In July 2022, Appear Inc. launched new graphene battery packs in 36V, 48V, 60V, 64V, and 72V ratings for E-Bikes, E-Scooters, and Pedelecs.
  • In July 2022, UK-based e-bike conversion company Swytch launched its new e-bike conversion kit.

Geographically, Asia-Pacific was predicted to be the largest market for e-bike battery packs due to the widespread adoption of e-bikes, many major cities offering e-bike sharing services, rapid urbanization, growing traffic congestion and vehicular pollution, the large presence of battery OEMs, and growing usage of e-bikes by E-commerce and food delivery companies for last-mile delivery applications.

Europe is predicted to be the next biggest market for e-bike battery packs due to the rising sales of e-bikes, growing health consciousness amongst the general population, and the growing tendency to use e-bikes for adventure activities like mountaineering.

Thus, the confluence of the aforementioned factors is expected to produce significant growth in the e-bike battery pack market.

E-bike Battery Industry Segmentation

An E-bike battery pack is a rechargeable battery pack used to power e-bikes. Batteries vary according to the voltage, total charge capacity (amp hours), weight, the number of charging cycles before performance degrades, and ability to handle over-voltage charging conditions.

The E-Bike Battery Pack Market is Segmented by Battery Type (Lithium-ion Battery, Lead Acid Battery, and Other Battery Types), Battery Pack Position Type (Rear Carrier, Down Tube, and In-tube Battery Pack), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers market size and forecast in value (USD million) for all the above segments. The report also offers the market dynamics, latest trends, size, share, and industry overview.

Battery Type
Lithium-ion Battery
Lead Acid Battery
Other Battery Types
Battery Pack Position Type
Rear Carrier
Down Tube
In Frame
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Middle East and Africa
South Africa
United Arab Emirates
Saudi Arabia
Egypt
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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E-Bike Battery Pack Market Size Summary

The e-bike battery market is poised for significant growth over the forecast period, driven by increasing sales of e-bikes, the rise of e-bike sharing services, and government initiatives promoting electromobility. The market is characterized by the introduction of advanced battery technologies, such as lithium-ion and graphene batteries, which are becoming more prevalent due to their superior performance and efficiency. Key players in the industry are actively launching new products and enhancing battery capabilities to capture a larger market share. The Asia-Pacific region, particularly China, is expected to remain the largest market due to its high adoption of e-bikes and the presence of major battery manufacturers. Europe is also emerging as a significant market, fueled by rising health consciousness and the popularity of e-bikes for recreational activities.

The market landscape is moderately consolidated, with major companies like Bosch, Panasonic, and Samsung SDI dominating the scene. These players are engaging in strategic partnerships, mergers, and acquisitions to strengthen their market position and expand their product offerings. Innovations such as range extenders and high-performance drive systems are being introduced to meet the growing demand for longer-lasting and more powerful e-bike batteries. The COVID-19 pandemic has further accelerated the demand for e-bikes, particularly in urban areas, as consumers seek alternative transportation solutions. As the market continues to evolve, investments in research and development, production capacity, and charging infrastructure are expected to play a crucial role in shaping the future of the e-bike battery market.

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E-Bike Battery Pack Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Battery Type

      1. 2.1.1 Lithium-ion Battery

      2. 2.1.2 Lead Acid Battery

      3. 2.1.3 Other Battery Types

    2. 2.2 Battery Pack Position Type

      1. 2.2.1 Rear Carrier

      2. 2.2.2 Down Tube

      3. 2.2.3 In Frame

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

        4. 2.3.1.4 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 India

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Middle East and Africa

        1. 2.3.4.1 South Africa

        2. 2.3.4.2 United Arab Emirates

        3. 2.3.4.3 Saudi Arabia

        4. 2.3.4.4 Egypt

        5. 2.3.4.5 Rest of Middle East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

E-Bike Battery Pack Market Size FAQs

The E-Bike Battery Pack Market size is expected to reach USD 12.74 billion in 2024 and grow at a CAGR of 13.33% to reach USD 23.80 billion by 2029.

In 2024, the E-Bike Battery Pack Market size is expected to reach USD 12.74 billion.

E-bike Battery Market Report Snapshots

E-Bike Battery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)