家用电器行业:两轮车行业龙头集中 竞争从价格到产品

广发证券
Mar 02

核心观点:本报告深度复盘了电动两轮车行业的规模变化和竞争格局走势,主要探讨如下问题:(1)新国标政策如何影响两轮车行业的需求和竞争格局;(2)2020 年后,雅迪、爱玛、九号等电动两轮车行业龙头如何形成相对竞争优势;(3)如何看待未来的两轮车行业竞争格局,以及竞争要素的变化。行业四阶段发展,政策定节奏:历经 90 年代起步、2001-2014 年为高速成长期(禁摩令驱动,CAGR 为R36.7%)...

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