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Investment analysis of China’s electric bicycle industry from 2020 to 2024

pxid 2020-07-01 24 times

The global electric bicycle and scooter market is worth about US$18 billion in 2018 and will grow to US$24.26 billion by 2020, with an annual growth rate of more than 7.5%. Raising awareness of pollution is a key driver of the electric bike and scooter market. This is because more and more people now understand the importance of reducing pollution. This awareness has led them to seek more environmentally friendly means of transportation to minimize and control pollution.

1.1 Global bicycle development status

The global electric bicycle and scooter market is worth about US$18 billion in 2018 and will grow to US$24.26 billion by 2020, with an annual growth rate of more than 7.5%. Raising awareness of pollution is a key driver of the electric bike and scooter market. This is because more and more people now understand the importance of reducing pollution. This awareness has led them to seek more environmentally friendly means of transportation to minimize and control pollution.

For example, according to a survey released by Forbes in 2019, sales of electric bicycles (electric bicycles) have exceeded sales of non-electric bicycles in the Netherlands due to increased awareness of pollution. Similarly, due to the increased awareness of environmental hazards caused by pollution, Indians began to prefer electric bicycles. Sales of electric bicycles in the country increased from about 20,000 in 2016 to 23,000 in 2017. The adoption rate of electric bicycles and scooters is expected to continue to grow in the next few years, because quantified carbon dioxide emissions from burning fossil fuels are still the main threat to the environment, leading to global warming and climate change.

Investment analysis of China's electric bicycle industry from 2020 to 2024

1. The scarcity of battery charging stations will inhibit the market

The lack of battery charging infrastructure is a major constraint on the electric bike and scooter market. This is mainly due to the lack of sufficient charging stations for bicycles or scooters, which results in insufficient battery charging and prevents people from buying electric bicycles or scooters. Consumers believe that the lack of battery charging infrastructure is the third biggest obstacle to the purchase of electric vehicles. In this regard, the Edison Electric Power Research Institute (EEI) and the Electric Power Innovation Institute (IEI) estimate that by 2030, approximately 9.6 million charging ports will be needed to support the estimated 18.7 million electric vehicles sold in the United States.

Improving battery technology is an emerging trend in the electric bicycle and scooter markets. One such technical improvement for batteries includes the increasing use of graphene batteries in electric bicycles and scooters. Graphene batteries use an electrolyte based on an ultra-thin material called graphene, which enables faster charging time, higher capacity, and lighter vehicle weight. In this regard, Earthdas, a startup in Barcelona, ​​Spain, is working to further improve the efficiency of graphene batteries to charge electric bicycles and scooters in about five minutes.

Investment analysis of China's electric bicycle industry from 2020 to 2024

The market for electric bicycles and scooters is regulated by Articles 107-319 of the Public Law promulgated by the US Congress. The law deals with the amendments required by the Consumer Product Safety Act and provides strict rules for reviewing the speed of electric bicycles. According to the law, the electric motor of the vehicle must be less than 750 watts, and the maximum speed of a bicycle driven by a person weighing 170 pounds should not exceed 20 mph. To comply with this law, the US Consumer Product Safety Commission (CPSC) considers at the federal level to approve and certify bicycles that meet this definition for use in manufacturing and sales.

Second, competitors in the market

The major players in the global electric bicycle and scooter market are Yadea, Jiangsu Xinri, EMU Co., Mahindra & Mahindra Co., Ltd., BMW and Hero Electric. Players in the market are actively participating in M&A transactions. In March 2019, German automotive and industrial supplier Schaeffler acquired ElmotecStatomatGmbH in unknown quantities. Through this acquisition, Schaeffler's goal is to develop and advance faster and more efficiently in the electric motor construction business, while advancing its electric mobility strategy. ElmotecStatomatGmbH is involved in the field of motor manufacturing and winding technology. It was founded in 1998 and is headquartered in Karben, Germany.

1.2 2019 Chinese bicycle industry operating conditions

According to statistics from the China Light Industry Information Center, the operation of the bicycle industry from January to November 2019 is as follows:

Investment analysis of China's electric bicycle industry from 2020 to 2024

1. Production

From January to November 2019, among the main products of the national bicycle manufacturing industry, the output of two-wheeled pedal bicycles was 36.120 million, a decrease of 7.4% year-on-year; the output of electric bicycles was 24.582 million, an increase of 14.8% year-on-year.

In the month of November 2019, the national production of two-wheeled bicycles was 3.308 million, a year-on-year decrease of 3.6%; the output of electric bicycles was 2.116 million, an increase of 10.9%.

2. Benefits

From January to November 2019, the operating income of bicycle manufacturing enterprises above designated size nationwide was 44.12 billion yuan, a year-on-year decrease of 1.2%, and the total profit was 1.48 billion yuan, an increase of 46.9%; the operating income of electric bicycles was 66.33 billion yuan, an increase of 7.1% year-on-year. The total profit was 2.57 billion yuan, a year-on-year increase of 10.3%.

1.3 Analysis of the total import and export data of China's bicycle industry in 2019

1. Import and export scale analysis

In 2017, my country's total imports and exports of bicycles and other non-motorized bicycles were 57.010 million units, which decreased by 3.86% in 2018 to 54.801 million units.

In 2019, my country's total imports and exports of bicycles and other non-motorized bicycles continued to decline, with a total of 53.07 million imports and exports, a year-on-year decrease of 3.16%.

Investment analysis of China's electric bicycle industry from 2020 to 2024

In 2017, the total import and export of bicycles and other non-motorized bicycles in my country was 21.558 billion yuan, which decreased by 6.96% to 20.058 billion yuan in 2018.

In 2019, my country's total import and export of bicycles and other non-motorized bicycles continued to decline, with a total of 19.985 billion yuan in imports and exports, a year-on-year decrease of 0.36%.

Investment analysis of China's electric bicycle industry from 2020 to 2024

2. Analysis of trade surplus and deficit

For a long time, my country’s foreign trade in bicycles and other non-motorized bicycles has maintained a surplus.

In 2017, the foreign trade surplus of my country's bicycles and other non-motorized bicycles was 21.043 billion yuan, which was reduced to 19.621 billion yuan in 2018.

In 2019, my country's foreign trade surplus of bicycles and other non-motorized bicycles reached 19.632 billion yuan.

Investment analysis of China's electric bicycle industry from 2020 to 2024

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