What is the market prospect of ebike in China?
E-bike (electric bicycle) has a very broad market prospect in China, which is mainly due to positive factors in many aspects.
1. The market size continues to grow
Market size status: In recent years, the market size of electric bicycles has continued to grow. According to data, the market size of lithium battery electric bicycles in China has reached 39.78 billion yuan in 2023, and is expected to reach 50 billion yuan by 2025, with an annual compound growth rate of 15%. This shows that the electric bicycle market has a strong growth momentum.
Social ownership: As of 2023, the social ownership of electric bicycles in China has reached 350 million, with a market size of more than 70 billion yuan, showing huge market potential and strong growth momentum.
2. Strong market demand
Wide user group: Electric bicycles are widely favored by urban residents, students and couriers, and have become an important tool for daily travel. With the improvement of environmental awareness and the government's support for environmental protection policies, electric bicycles, as a zero-emission, low-energy means of transportation, have further expanded market demand.
Diverse application scenarios: Electric bicycles are not only used for daily commuting, but also widely used in express delivery, takeaway delivery and other fields. Especially in short-distance travel in cities, electric bicycles are popular among consumers for their convenience and economy.
1. The market size continues to grow
Market size status: In recent years, the market size of electric bicycles has continued to grow. According to data, the market size of lithium battery electric bicycles in China has reached 39.78 billion yuan in 2023, and is expected to reach 50 billion yuan by 2025, with an annual compound growth rate of 15%. This shows that the electric bicycle market has a strong growth momentum.
Social ownership: As of 2023, the social ownership of electric bicycles in China has reached 350 million, with a market size of more than 70 billion yuan, showing huge market potential and strong growth momentum.
2. Strong market demand
Wide user group: Electric bicycles are widely favored by urban residents, students and couriers, and have become an important tool for daily travel. With the improvement of environmental awareness and the government's support for environmental protection policies, electric bicycles, as a zero-emission, low-energy means of transportation, have further expanded market demand.
Diverse application scenarios: Electric bicycles are not only used for daily commuting, but also widely used in express delivery, takeaway delivery and other fields. Especially in short-distance travel in cities, electric bicycles are popular among consumers for their convenience and economy.
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