China Electric Two Wheeler Market Development, Growth and Demand Forecast, 2013-2025

1. China Electric Scooters and Motorcycles Market Research Report Size, Share Analysis and Growth Forecast to 2025

2. Increasing awareness about the harmful greenhouse gas (GHG) emissions from internal combustion engine (ICE) vehicles, and rapid urbanization are the major factors behind the progress of the Chinese electric scooters and motorcycles market. In 2017, the market attained a size of $7.7 billion, and it is predicted to generate a revenue of $12.5 billion by 2025, witnessing a 6.1% CAGR during the forecast period (2018–2025), finds P&S Intelligence. These two-wheelers are battery operated, therefore produce almost no carbon emissions. Based on product, the electric scooters and motorcycles market in China is bifurcated into scooters and motorcycles. Of these, in 2017, scooters contributed higher revenue to the market and are predicted to maintain their lead during the forecast period. This is mainly ascribed to the fact that scooters are less expensive as compared to motorcycles, hence more popular. Furthermore, the increasing adoption of scooters by females for short trips such as going to work or for grocery and picking up children from schools is escalating the growth of the market at a rapid pace.

3. On the basis of battery type, the Chinese electric scooters and motorcycles market is classified into lithium ion (Li-ion) and sealed lead acid (SLA), of which the Li-ion classification registered the faster growth during the historical period (2013–2017), and it is predicted to continue doing so during 2018–2025. Stringent government norms for lead acid batteries and rising grants and incentives for Li-ion batteries are some of the factors behind the increasing integration of Li-ion batteries in e-two-wheelers. Furthermore, the reducing prices of these batteries would further benefit this category. Mergers, acquisitions, and joint ventures are gaining popularity in the Chinese electric scooters and motorcycles market. Seeing the potential offered by the expected consolidation of the market, overseas players are entering it through collaborations and other agreements with existing Chinese firms. For instance, Yadea Group bought a 17.4% stake in U.S.-based Lightening Motors to maintain its position in the electric motorcycle market of China. Both companies agreed to cooperate in fields such as technology, research and development, and catering to global clients.

4. Due to the changing consumer preference in the European region, the need for advanced tires is increasing. The major qualities required in a tire presently are low rolling resistance for improved fuel efficiency, low wear and tear for enhanced tire durability, and better grip for increased safety quotient. In order to cater to these requirements, the automotive tire industry is witnessing the development and innovation of advanced products. For example, the speed and reliability of the tires have enhanced with the development of ultra-high-performance tires. In addition to this, manufacturers are increasingly focused on producing low-rolling resistance tires, especially for new vehicles, for meeting the rising need for fuel efficiency. Moreover, with the emergence of electric vehicles, the requirement for lightweight tires is also surging. In order to produce tires that are efficient, advancements in the manufacturing technology and raw materials are taking place. To lower the weight and rolling resistance of future vehicles, companies are investing heavily in research and development activities for the development of advanced blended materials or alternatives for the production of tires. The field of tire manufacturing has been witnessing several advancements, such as the development of new elastomers and polymers, for overcoming the shortage and fluctuation of the prices of natural rubber. Some of the other advancements include the usage of improved grades of silica, nanotechnology, carbon black and nanocellulose, reinforced filler technology, and dual fillers.

5. Rapid urbanization in China is anticipated to escalate the sales of electric two-wheelers during the forecast period. In 2011, the urban population crossed 50.0%, and by 2030 it is predicted that up to 70.0% of the population will live in urban areas. Due to the surging urban population, the demand for transportation from the small and mid-size cities will increase. People in such cities mainly use two-wheelers for frequent and short drives. Furthermore, due to low population and ample spaces, charging infrastructure devolpement would be easier in small cities compared to the bigger ones. Additionally, electric two-wheelers are majorly used for routine purposes, such as dropping-picking children from schools, going to work, and buying grocery. However, in the past few years, electric two-wheelers have been increasingly adopted by the retail industry for doorstep delivery. As scooters are quite simple, small, and smart, these have become the ideal choice for delivery services by e-commerce firms and fast food joints. The increasing use of e-scooters in delivery services is predicted to boost the growth of the electric scooters and motorcycles market in China during the forecast period. Thus, the rising adoption of electric two-wheelers in small and med-size cities and growing environmental concerns are fueling the market progress.

6. The research offers market size of scooters and motorcycles in China for the period 2013 – 2025. Market Segmentation by Product Scooter Motorcycle Market Segmentation by Battery Type Sealed Lead Acid Li-ion Market Segmentation by Voltage 36V 48V >60V Market Segmentation by Technology Plug-in Battery Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/china-electric-scooters-and-motorcycles-market/report-sample

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