Conjecture: The impact of COVID-19 on Electric Bicycle Batteries Market
As per a latest report published by Research Dive titled, “Global Electric Bicycle Batteries Market, by Battery (Lithium Ion Battery, Lead-acid Battery), Application (City/Urban, Trekking, Cargo), End-User (Automobile): Global Opportunity Analysis and Industry Forecast, 2020–2027,” the global electric bicycle batteries market is expected to witness a considerable growth over the forecast period from 2020 to 2027.
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The increasing number of vehicles per day coupled with the growing traffic congestion around the globe are the major factors expected to boost the growth of the global electric bicycle batteries market during the forecast period. Besides, increasing awareness amongst people regarding the benefits of using e-bikes is another factor to propel the market growth. However, the growing concerns regarding maintenance and the technological drawbacks e-bicycle batteries are predicted to hinder the market growth in the upcoming years. Furthermore, the increasing government initiatives to promote the usage of battery-operated automobiles is likely to create lucrative growth opportunities in the global industry by 2027.
Check out How COVID-19 impact on the Electric Bicycle Batteries Market. Click here to Connect with Analyst @ https://www.researchdive.com/connect-to-analyst/393
Prominent Players of the Market
The major players operating in the global electric bicycle industry include
• Giant Manufacturing Co. Ltd.,
• Yamaha Motor Co. Ltd.,
• Accell Group N.V.,
• Easy Motion,
• Derby Cycle AG,
• Jiangsu Xinri E-vehicle Co. Ltd.,
• Pedego Electric Bikes,
• Panasonic Corp.,
• YADEA Technology Group Co. Ltd.
Further, the report sketches various aspects of all these market players such as product portfolio, SWOT analysis, financial performance, and recent strategic moves & developments.
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