ELECTRIC BICYCLES MARKET ANALYSIS

Market Challenges And Opportunities

Restraints Section

Sealed lead-acid (SLA) batteries held the largest share in the market

SLA batteries held largest industry share in market, owing to low costs and large consumer base in China. Batteries utilized in the bikes vary on the basis of voltage, amp hour capacity, life and reliability. However, Li-ion batteries are projected to witness significant demand over the forecast period, primarily owing to relatively better performance characteristics and lower carbon footprints.