China has been the leader in the annual sales of electric bicycles

China is in the leading position in terms of the number of electric bicycles

In all regions of the world, China is in the leading position in terms of the annual production, total volume, sales volume and number of electric bicycles on the streets.

It is expected that the Asia Pacific region will dominate the global market for some time in the future, and China will be the largest among them.

For quite a long time, China has been the leader in the annual sales of electric bicycles. In 2013, 37 million electric bicycles were produced nationwide, and 32 million were sold in the same year.

In the same year, the sales volume of electric bicycles in Europe was only 1.8 million, that in Japan was 440000, and that in the United States was only 185000.

How can China maintain its competitiveness?

Electric bicycles are easier to buy in China because they are equipped with lead-acid batteries, which are cheaper than other types of batteries, thus reducing the final price of electric bicycles.

The average price of electric bicycles using lead-acid batteries in China is 167 dollars. According to data from Pike Research, by contrast, the average price of electric bicycles in North America is $815, while that in Western Europe is $1546.

The global electric bicycle market is dominated by China. It is estimated that 85% of electric bicycles are sold in this Asian country.

Macquarie estimates that there were 180 million electric bicycles on the streets of China in 2013, far more than in other parts of the world.

European electric bicycle market

In Europe, the number of electric bicycles is also increasing. The main countries include Germany, France and Italy. But this trend can also be seen in other places, such as the Netherlands, Denmark and other Scandinavian countries.

In addition to the Asia Pacific region, Europe accounts for about 20% of the market share. When we compare the number of people living in the two regions, the number is huge.

In 2009, only about 500000 electric bicycles were sold in Europe. In 2018, this figure jumped to 2.6 million, an increase of more than 500% in just nine years.

In Germany, the sales of electric bicycles increased by 36% to 1 million.

According to the data of the Royal Association for the Prevention of Accidents (ROSPA), Germany and the Netherlands are the two major markets of electric bicycles in Europe, accounting for 44% and 21% of the total sales in Europe respectively.

In 2019, the sales of electric bicycles in Germany accounted for 25% of the whole bicycle market. Most Germans ride electric bicycles for leisure and sports, but also as a clean, quiet and space saving means of transportation.

Among all electric bicycles sold in Germany, 99.5% are 250W models with a speed of 25km/h. The other 0.5% is a high-speed bicycle with a speed of 45km/h, which requires insurance and helmet.

The number of electric bicycles in Europe is increasing

Although Germany is the European leader in the annual sales of electric bicycles, other European countries are also following.

In 2018, more than half of adult bicycles sold in the Netherlands were electric bicycles.

Similarly, the sales of electric bicycles in Spain in 2018 increased by 55% year on year, with 111297 electric bicycles sold at an average price of 2165 euros each.

In the UK, it will take a longer time for e-bikes to be regarded as a major mode of transportation. Although the sales of bicycles have risen to about 50000 a year, it is expected to further increase.

In addition, a study found that 5% of British residents said they "may" buy an electric bicycle in the coming year. This is equivalent to about 2.5 million people.

Article source: https://article-realm.com/article/Internet-Business/Ebooks/28741-China-has-been-the-leader-in-the-annual-sales-of-electric-bicycles.html