E-bike Market in China 2015-2019
An e-bike, commonly known as booster bicycle or electric bicycle, is a bike with an integrated electric motor used for propulsion. E-bikes can be classified as e-bikes with pedal-assist only, with power-on-demand and pedal-assist, or with power-on-demand only. Depending on the laws, in many countries, e-bikes are classified as bicycles rather than mopeds or motorcycles, and are not subject to stringent laws regarding their certification and operation.
Technavio's analysts forecast the E-bike Market in China to grow at a CAGR of 3.94 % over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the E-bike market in China for the period 2015-2019. To calculate the market size, the report considers revenue generated through the unit shipments of e-bikes in China.
Technavio's report, the E-bike Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the China region; it also covers the E-bike Market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Key Region
Technavio Announces the Publication of its Research Report – E-bike Market in China 2015-2019
Technavio recognizes the following companies as the key players in the E-bike Market in China: Derby Cycle, Jiangsu Xinri, Yadea Technology Group and Zhejiang Luyuan
Other Prominent Vendors in the market are: eZee Kinetics, Geoby, Giant Bicycles, Jiangsu Aima, Pedego, Stromer Bicycles, Trek Bicycle and Yamaha Motor
Commenting on the report, an analyst from Technavio’s team said: “Vendors have started developing next-generation batteries for e-bike applications. The e-bike market in China is dominated by lead-acid and Li-ion battery suppliers. The Li-ion battery has some drawbacks however many Li-ion battery vendors have started to develop miniaturized batteries using nanotechnology to address some these issues. Miniaturized batteries could increase the efficiency and overall performance of e-bikes because they reduce the overall weight of the bike. To improve their product offerings Yadea has partnered with Bosch to innovate in this area in order to provide more variety, power, and battery life. The growing adoption of next-generation batteries and miniaturized batteries will propel the e-bike market in China.”
According to the report, the e-bike market in China is driven by a rise in disposable income. This has boosted the purchasing power of consumers and has increased the affordability of e-bikes. Also, there is a rise in dual-income households, which enables people to buy luxury products rather than just the necessities. The proportion of per capita household expenditure on transport and communication has also surged in 2013. Thus, the increase in average disposable income will fuel the e-bike market in China during the forecast period.Further, the report states that immature technology is threatening the e-bike market in China.
Derby Cycle, Jiangsu Xinri, Yadea Technology Group, Zhejiang Luyuan, eZee Kinetics, Geoby, Giant Bicycles, Jiangsu Aima, Pedego, Stromer Bicycles, Trek Bicycle, Yamaha Motor