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Research and Markets has announced the addition of the "Li-ion Battery Market for E-Bikes in Europe 2015-2019" report to their offering.
The Li-ion battery market for e-bikes in Europe to grow at a CAGR of 39.6% over the period 2014-2019.
The report, Li-ion Battery Market for E-bike in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Li-ion battery vendors are introducing miniaturized batteries for e-bikes to increase fuel efficiency. Batteries are the main heavy component in e-bikes. Miniaturized batteries increase the overall efficiency and performance of e-bikes as they reduce the overall weight.
According to the report, the growing population, urbanization, and the increase in disposable income have increased the demand for e-bikes worldwide. Also, e-bikes using Li-ion do not emit harmful gases as traditional fuel vehicles do, which has further increased their popularity among end-users. Li-ion batteries are smaller, lighter, and more powerful than lead-acid batteries.
Further, the report states that one common fear among consumers regarding the safety and use of e-bikes is the congested city traffic. Citing the road safety issues, there also have been concerns among consumers over switching from automobiles or other ICE vehicles to e-bikes.