Market Size of china e-bike Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2017 - 2029 | |
Market Size (2024) | USD 10.68 Billion | |
Market Size (2029) | USD 12.39 Billion | |
Largest Share by Propulsion Type | Pedal Assisted | |
CAGR (2024 - 2029) | 3.00 % | |
Fastest Growing by Propulsion Type | Speed Pedelec | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
China E-bike Market Analysis
The China E-bike Market size is estimated at 10.68 billion USD in 2024, and is expected to reach 12.39 billion USD by 2029, growing at a CAGR of 3.00% during the forecast period (2024-2029).
10.68 Billion
Market Size in 2024 (USD)
12.39 Billion
Market Size in 2029 (USD)
11.02 %
CAGR (2017-2023)
3.00 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
81.18 %
value share, Pedal Assisted, 2023
Pedal assist is the largest segment in its market due to the bikes’ cheap affordability, no fuel cost, long commutes, and people’s focus on a healthy lifestyle.
Largest Segment by Application Type
79.45 %
value share, City/Urban, 2023
The city/urban bike segment is the largest due to the widespread use of bicycles for daily commutes among students, wage workers, and delivery boys.
Largest Segment by Battery Type
99.63 %
value share, Lithium-ion Battery, 2023
Lead acid batteries are the fastest-growing battery type in China as they use traditional technologies and are inexpensive. China is one of the largest producers of lead acid batteries.
Fastest-Growing Segment by Propulsion Type
6.18 %
Projected CAGR, Speed Pedelec, 2024-2029
The speed pedelecs segment is expanding quickly due to consumers' rising interest in fast bikes for various uses, including long-distance travel and adventurous trips.
Leading Market Player
25.04 %
market share, AIMA technology Group Co. Ltd, 2022
A strong customer base, brand awareness among people, offering quality products at effective prices, focus on customer requirements, and good customer support make Aima the largest market player across China.
PROPULSION SEGMENT MARKET OVERVIEW
- E-bikes are becoming more powerful, and some models are more similar to scooters and motorcycles than to bicycles in terms of performance. The government's policies and laws supporting the use of green technologies, like e-bikes, are what essentially fuel the China e-bike market. These initiatives have sparked the development of big data-using application platforms and e-bikes with smart batteries. Electric bikes (e-bikes) provide cheap, convenient, and relatively energy-efficient transportation to an estimated 40 million to 50 million people in the People’s Republic of China (PRC) as of 2007. In 2015, some 14.35 million electric bikes were sold to customers in China. The country is the most important market for electric bikes worldwide.
- In 2019, as the leading brand of electric bicycles in China, Yadea sold around 6.1 million units, almost doubling its sales compared to 2016. Meanwhile, Sunra and Niu also experienced sale growth from 2016 to 2019, with respective sales of 1.7 and 0.4 million units in 2019.
- The consequences of developing transportation infrastructure and increasing transportation volume include pollution and greenhouse gas emissions. The transportation industry accounted for 9% of direct CO2 emissions in 2020. The Chinese government is making concerted efforts to change its transportation system into a smart and environmentally friendly one. Given these considerations, the Chinese government will encourage pedal-assisted, speed pedelec, and throttle e-bikes to alleviate China's congestion, pollution, and fuel price difficulties.