- The key vendors in the e-bike market in China for 2015-2019 are Derby Cycle, Jiangsu Xinri Co. Ltd., Yadea Technology Group Co. Ltd. and Zhejiang Luyuan Co. Ltd.
London, 06 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the e-bike market in China for 2015-2019. Increased marketing initiatives and promotional activities are propelling the adoption of e-bikes in China. In China, there is an annual fair organized by the China Bicycle Association, where leading innovations in e-bike and e-bike accessories are displayed. The e-bike market in China is expected to grow at a CAGR of 3.94% in terms of unit shipments during the period 2014-2019.
China consumes over 82% of its domestically produced e-bikes and exports the rest. The e-bike has been an environment-friendly and cost-effective solution for the daily commute since its adoption. Unlike the US and Europe, where consumers use e-bikes for recreation, Chinese consumers use e-bikes for their utility. Moreover, innovation in the materials used and a reduction in Li-ion battery prices will provide an impetus to consumers to switch to Li-ion battery e-bikes.
“Vendors are developing e-bikes integrated with smartphones and cloud computing to provide a complete remote diagnostic system to enhance the user experience,” says Faisal Ghaus, Vice President of Technavio Research.
“Also, there is an increasing trend of offering combined throttle control and pedal-assist models, 3D-printed bicycles, electric cargo bicycles, as well as all-in-one retrofit kits and wheels.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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