Development status and trend analysis of China's electric bicycle industry in 2020 Clustering, large-scale, and technological development

——Original Title: Development Status and Trend Analysis of China's Electric Bicycle Industry in 2020: Clustering, Scale, and Technological Development
1. With the implementation of the "New National Standard", electric vehicles have entered a new stage of development

Electric bicycles are one of the most original innovative products with Chinese characteristics since China's reform and opening up. It is a green, environmentally friendly, close to people's livelihood, and a national industry with a high degree of independent property rights. It conforms to China's basic national conditions and has great development space. Since the advent of the first light electric vehicle in 1995, electric bicycles have become an important livelihood transportation tool for Chinese residents to travel short distances.

China's electric bicycle industry has grown from scratch to a scale of hundreds of billions, and has achieved tremendous development in more than two decades. China is the world's largest producer, consumer and exporter of electric bicycles. The development of the electric bicycle industry has gone through five stages: the initial stage, the initial large-scale stage, the rapid development stage, the mature stage, and the "new national standard" implementation stage.

2. Tianjin, Jiangsu and Zhejiang are the main clusters of electric bicycle industry in China

In terms of cyclical, regional and seasonal characteristics, China's electric bicycles are most prominently regional. Currently, Tianjin, Jiangsu and Zhejiang are the main clusters of electric bicycle industry in China.

According to the regional electric bicycle production data disclosed by E-TIMES, Jiangsu Province is the number one province for electric bicycle production in my country, and its electric bicycle output accounts for about 20% of my country's electric bicycle output. Tianjin and Shandong followed closely behind, accounting for approximately 19% and 17% of their output, respectively.

In addition, the sales of electric bicycles also show regional characteristics. According to the analysis of the current development of the electric bicycle industry, Shandong, Henan, Jiangsu, Zhejiang, Hebei, and Anhui are the main sales markets for electric bicycles in China. Among them, Henan, Shandong, and Jiangsu and Zhejiang markets are the traditional sales areas where electric bicycles have emerged earlier, while Hebei and Anhui are Two emerging sales areas that have developed rapidly in the past two years.

Guangxi, Yunnan, Sichuan, Guizhou and other places in the southwest region have gradually become important sales markets for electric bicycles with the increase of residents' purchasing power and the improvement of the climbing and middle-distance driving functions of electric bicycles.

3. The number of electric bicycles in China is rising

With the steady development of China's electric bicycle industry, the number of electric bicycles has steadily increased. According to the "China Electric Bicycle Quality and Safety White Paper" issued by the National Bicycle and Electric Bicycle Quality Supervision and Inspection Center on March 15, 2017 and the China Bicycle Association, as of the end of 2019, the number of electric bicycles in China has exceeded 300 million.

So who is using so many electric bicycles? According to the data released by ZOL, in terms of age distribution, users aged 30-39 have become the absolute main group, accounting for 47%, and users in the 40-49 age group are tight. Subsequently, it can be seen that the current users of electric vehicles are mainly distributed among the post-70s and post-80s population, and the post-90s and post-00s population accounts for a low proportion.

4. The development of China's electric bicycle industry in the direction of clustering, scale and technology

Driven by high-quality enterprises, China's electric bicycle industry is gradually becoming mature, and it is developing in the direction of clustering, scale, and technology. The product quality is improved and the products are more diversified. Leading electric bicycle enterprises and brand enterprises will have a broader market space. From 2012 to 2019, the main business income of electric bicycle enterprises above designated size showed an overall upward trend, reaching 128.69 billion yuan in 2019.

In addition to the steadily rising operating income, the production of electric bicycles also resumed growth in 2017. According to statistics from the Ministry of Industry and Information Technology and the China Automobile Manufacturers Association, in 2018, electric bicycles ranked second in the national transportation output, accounting for 22%, second only to two-wheeled bicycles, and became the output of China's transportation manufacturing field. Large-scale manufacturing industry.

In terms of output, according to the National Bureau of Statistics, China's electric bicycle output has increased year by year. The national electric bicycle output increased from 290,000 in 2000 to 36.95 million in 2013, with an average annual compound growth rate of 34.21%. During this period, the industry's activity reached its highest level, with many participants and the industry's technical level greatly improved.

With the maturity of the industry, the industry has gradually moved from the stage of rapid development to the stage of integrated development, and the industry's increased production capacity in the stage of rapid development also needs to be gradually digested. The output of the electric bicycle industry declined slightly from 2014 to 2017.

In 2018-2019, it began to resume growth. In 2019, the national output of electric bicycles was 36.09 million, and the total output of electric bicycles increased slightly year-on-year. In the future, reasonable control of electric bicycle output will be the new normal of the industry's development, and the increase in volume will gradually give way to the improvement of quality. As of the end of April 2020, China's electric bicycle production in 2020 will be 6.445 million units, a 4% decrease from the same period in 2019.

Of course, not all electric bicycles are produced in China every year. While many electric bicycle brands in China are striving to develop the domestic market, they are also actively exploring foreign markets. The main function of foreign electric bicycles is to travel easily and relax and exercise. They can be used in large parking lots, supermarkets and tourist areas. As consumers around the world gradually deepen their understanding of electric bicycles, the prospect of the electric bicycle industry is generally optimistic about the international market, and its application in the international market is becoming more and more extensive.

The demand of the international market is one of the driving forces for the development of China's electric bicycle industry. While many electric bicycle brands in China are striving to develop the domestic market, they are also actively exploring foreign markets. The main function of foreign electric bicycles is to travel easily and relax and exercise. They can be used in large parking lots, supermarkets and tourist areas. As consumers around the world gradually deepen their understanding of electric bicycles, the prospect of the electric bicycle industry is generally optimistic about the international market, and its application in the international market is becoming more and more extensive.

In 2019, due to the US Section 301 and the EU's anti-dumping policy (anti-dumping duties on electric bicycles exported from China), China's export of bicycles, especially electric assisted bicycles, was affected. At present, shifting the focus of production to Taiwan, Southeast Asia, and Europe is the response of many domestic companies. According to data released by the China Bicycle Association, 1.453 million electric bicycles were exported in 2019, a year-on-year decrease of 22.6%.

5. The market share of leading companies in China's electric bicycle industry has expanded

At present, the more well-known domestic electric vehicle manufacturers include Yadi Holdings, Xinri Co., Ltd., Zhejiang Lvyuan, Tailing Automobile Industry and other companies. The details are as follows:

From the perspective of sales volume, from 2016 to 2019, compared with the two-wheeled electric vehicle industry (quasi) listed companies such as Mavericks, Xinri, Yadi, etc., sales have maintained growth, indicating that industry concentration is accelerating. In terms of the absolute value of sales, the sales of Xinri, Emma and Yadea all exceeded 3 million, and Yadea broke the 6 million mark in 2019.

For more data and analysis, please refer to Qianzhan Industry Research Institute "China Electric Bicycle Industry Market Prospects and Investment Strategic Planning Analysis Report". At the same time, Qianzhan Industry Research Institute provides industrial big data, industrial planning, industrial declaration, industrial park planning, and industrial investment promotion. Solutions such as investment attraction.