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The overall demand for the electric bicycle industry has grown strongly.

2020-10-14

There are many types of electric bicycles, and different classifications can be made. For example, according to the different drive transmission methods, electric bicycles can be divided into motorcycle wheel rotation type, central shaft sprocket rotation type and hub drive type. According to the different drive motor types, electric bicycles can be divided into brush DC motor type and brushless DC motor type. model.



Industry Policy-Promote the rapid development of the industry

Industry policies are closely related to the development of the electric bicycle industry. In recent years, the promotion of new energy vehicles by policies such as the "Light Industry Development Plan (2016-2020)" and the "13th Five-Year" National Strategic Emerging Industry Development Plan has led to the rapid development of the electric bicycle industry. The regulation of the electric bicycle industry by relevant policies and standards has allowed industry enterprises to accelerate technological innovation and complete transformation and upgrading. National policies are having a profound impact on related industries all the time.



New national standard-forcing enterprise technological progress

In May 2018, the "E-Bike Safety Technical Specification" (GB 17761-2018) was released and officially implemented on April 15, 2019. Compared with the old national standard, the newly released "E-Bike Safety Technical Specification" (GB 17761-2018), the main technical requirements of electric bicycles were re-regulated, which has had a profound impact on my country's electric bicycle industry.

The "New National Standard" adjusts the technical requirements of some inspection items on the basis of the "Old National Standard", and at the same time adds some inspection items, such as increasing the technical requirements for prompt sound, vehicle size, tamper resistance, etc.; and "New National Standard" No longer distinguishing "rejected items, important items and general items", but stipulated that all inspection items meet the requirements, the inspection conclusion is qualified.At the same time, the "New National Standard" is still a mandatory national standard, so overall, the "New National Standard" is more stringent than the "Old National Standard."




Market supply and demand-demand growth and output rebound

The electric bicycle industry has no obvious periodic characteristics. The consumer demand for electric bicycles is inseparable from the continuous economic growth, the improvement of people’s living and income levels, and the pursuit of quality of life. Therefore, the cyclical characteristics of the electric bicycle industry are basically consistent with the overall cyclicality of the economy. Will continue to maintain a high degree of prosperity. At the same time, the electric bicycle industry market also shows certain regional and seasonal characteristics.

Judging from the data on changes in the output of electric bicycles released by the Ministry of Industry and Information Technology, the output of electric bicycles in my country increased slowly from 2014 to 2017. In 2018, due to the introduction of the "New National Standard", the electric bicycle industry was transformed and upgraded, and output dropped sharply. Subsequently, there was a relatively rapid growth in 2019, reaching 27.08 million units, an increase of 6.1% over 2018; in the first half of 2020, my country's electric bicycle production reached 11.7 million units, an increase of 10.3% over the same period in 2019.

From the perspective of ownership, with the steady development of China's electric bicycle industry, the ownership 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 2018, China's social ownership of electric bicycles has exceeded 250 million. According to public media reports, in 2019, the number of electric bicycles in my country will be around 300 million.

From the perspective of the main business income of enterprises above designated size, the overall income from the main business of electric bicycle enterprises above designated size has shown an upward trend from 2012 to 2019, reaching 128.69 billion yuan in 2019. The overall industry demand has grown strongly.



Export situation-international trade policy barriers are thickened and exports are falling

International market demand is also 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. From 2012 to 2018, China's export of electric bicycles has increased year by year. In 2019, the U.S. Section 301 and the EU's anti-dumping policy (levying anti-dumping duties on electric bicycles exported from China) affected China's export of bicycles, especially electric assisted bicycles. As a result, only 1.453 million electric bicycles were exported, a decrease of 22.6% year-on-year; the export value was US$603 million, a year-on-year decrease of 24.1%.