China Electric Scooters and Motorcycles Market Analysis and Forecast to 2023

  • ID: 4435231
  • Report
  • Region: China
  • 59 pages
  • P&S Market Research
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FEATURED COMPANIES

  • AIMA Group
  • Yadea Group Holdings Ltd
  • MORE
Increasing pollution awareness among people and growing urbanization are driving the growth of the market. Electric scooters and motorcycles use electric battery for propulsion and do not produce any emissions. Moreover, these electric two-wheelers are virtually silent and do not cause noise pollution. Electric two-wheelers can manoeuvre through congested streets; can be charged from traditional wall outlets and can have a removable battery.

Insights on Market Segments:

As per the findings of research, lead acid powered electric scooters and motorcycles contributed majority of the industry sales, however, the share of lithium-ion battery powered two-wheelers is expected to grow significantly over the forecast period due to the declining prices of lithium-ion batteries and its advantages over lead acid battery. Electric scooters being simple and smart are best suited for delivery services such as in fast food joints and e-commerce. The demand of electric two-wheelers for delivery services is driving its sales, given the growth of e-commerce and internet penetration in the country. Electric scooters and motorcycles are expected to become a mainstay for such services in future.

On the basis of voltage, the 36V and 24V batteries powered scooters are the most commonly used in China and together account for majority of industry sales; as these two-wheelers are small and light for easy maneuvering on congested roads. Based on technology, plug-in electric scooters and motorcycles accounted for majority sales during the historic period and it will continue to dominate the country sales over the forecast period.

Growing Urbanization Continue to Benefit the Sales:

The growing urbanization in China is expected to benefit the sales of electric two-wheelers in the country over the forecast period. In 2011, population living in the cities in China crossed 50% and by 2030 it is expected that urbanization rate in the country would reach 65%-70%. Due to the growing urbanization, the transport demand from the medium and small cities is increasing. The travel profile in these cities typically involves short and frequent drives, for which electric scooters and motorcycles are most suited. Moreover, with low density of population and ample spaces, the development of charging infrastructure would be relatively easier in small cities compared to the bigger ones.

Fragmented Market Structure:

The research states that the Chinese electric scooters and motorcycles industry is fragmented, where the top three players, namely Yadea, Aima and Zhejiang Luyuan, together account for less than 30% of sales. The remaining market revenues are shared by many companies in the market each accounting for a small share in sales.

The competition in the market is fierce with many small privately-owned companies trying to gain share in the market. Large number of players has led to cut throat competition in the market, which has been majorly price driven. Due to cost sensitivity of the end user, the companies in the past have offered value of money products at competitive prices. However, nowadays the companies (especially the leading players) have started focusing more on product quality, brand building and after sale services. It is expected that these parameters would gain importance in future and further increase the competition in the market.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AIMA Group
  • Yadea Group Holdings Ltd
  • MORE
1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Product
1.3.2 Market Segmentation by Battery Type
1.3.3 Market Segmentation by Voltage
1.3.4 Market Segmentation by Technology
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.3.6.2 Volume
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By company type
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for the Study

3. Executive Summary

4. Introduction
4.1 Definition of Market Segments
4.1.1 By Product
4.1.2 By Battery Type
4.1.2.1 Sealed lead acid
4.1.2.2 Li-ion
4.1.2.3 Ni-MH
4.1.3 By Technology
4.1.3.1 Plug-in based
4.1.3.2 Battery based
4.1.4 By Voltage
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Companies investing in product quality and brand building
4.3.1.2 Market consolidation and joint ventures
4.3.1.3 Li-ion powered two-wheelers gaining momentum
4.3.2 Drivers
4.3.2.1 Growing urbanization continue to benefit the sales
4.3.2.2 Rising environmental awareness
4.3.2.3 Delivery business opting for electric two-wheelers
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Lack of infrastructure eco-system
4.3.3.2 High penetration of electric two-wheelers
4.3.3.3 Inadequate government support
4.3.3.4 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 High end electric two-wheelers to gain popularity among niche customers
4.4 Porter's Five Forces Analysis
4.4.1 Intensity of rivalry
4.4.2 Threat of new entrants
4.4.3 Bargaining Power of Buyers
4.4.4 Bargaining Power of Suppliers
4.4.5 Threat of Substitutes

5. Market Size and Forecast by Product

6. Market Size and Forecast by Battery Type

7. Market Size and Forecast by Voltage

8. Market Size and Forecast by Technology

9. Competitive Landscape
9.1 Market Share Analysis of Key Players
9.2 Competitive Analysis of Key Players

10. Company Profiles
10.1 Yadea Group Holdings Ltd
10.1.1 Business Overview
10.1.2 Product and Service Offerings
10.1.3 Key Financial Summary
10.2 AIMA Group
10.2.1 Business Overview
10.2.2 Product and Service Offerings
10.3 Zhejiang Luyuan Electric Vehicle Co. Ltd.
10.3.1 Business Overview
10.3.2 Product and Service Offerings
10.4 Jiangsu Xinri E-Vehicle Co. Ltd.
10.4.1 Business Overview
10.4.2 Product and Service Offerings
10.4.3 Key Financial Summary
10.5 Dongguan Tailing Electric Vehicle Co., Ltd.
10.5.1 Business Overview
10.5.2 Product and Service Offerings

11. Appendix
11.1 Abbreviations
11.2 Related Reports

List of Tables:

Table 1 Analysis Period Of The Study
Table 2 Drivers For The Market: Impact Analysis
Table 3 Restraints For The Market: Impact Analysis
Table 4 China Electric Scooters And Motorcycles Market, By Product, ‘000 Units (2013 - 2016)
Table 5 China Electric Scooters And Motorcycles Market, By Product, ‘000 Units (2017 - 2025)
Table 6 China Electric Scooters And Motorcycles Market, By Product, $M (2013 - 2016)
Table 7 China Electric Scooters And Motorcycles Market, By Product, $M (2017 - 2025)
Table 8 China Electric Scooters And Motorcycles Market, By Battery Type, ‘000 Units (2013 - 2016)
Table 9 China Electric Scooters And Motorcycles Market, By Battery Type, ‘000 Units (2017 - 2025)
Table 10 China Electric Scooters And Motorcycles Market, By Battery Type, $M (2013 - 2016)
Table 11 China Electric Scooters And Motorcycles Market, By Battery Type, $M (2017 - 2025)
Table 12 China Electric Scooters And Motorcycles Market, By Voltage, ‘000 Units (2013 - 2016)
Table 13 China Electric Scooters And Motorcycles Market, By Voltage, ‘000 Units (2017 - 2025)
Table 14 China Electric Scooters And Motorcycles Market, By Voltage, $M (2013 - 2016)
Table 15 China Electric Scooters And Motorcycles Market, By Voltage, $M (2017 - 2025)
Table 16 China Electric Scooters And Motorcycles Market, By Technology, ‘000 Units (2013 - 2016)
Table 17 China Electric Scooters And Motorcycles Market, By Technology, ‘000 Units (2017 - 2025)
Table 18 China Electric Scooters And Motorcycles Market, By Technology, $M (2013 - 2016)
Table 19 China Electric Scooters And Motorcycles Market, By Technology, $M (2017 - 2025)
Table 20 Yadea Group Holdings - At A Glance
Table 21 Aima Group- At A Glance
Table 22 Zhejiang Luyuan Electric Vehicle Co. Ltd - At A Glance
Table 23 Jiangsu Xinri E-Vehicle Co Ltd. - At A Glance
Table 24 Dongguan Tailing Electric Vehicle Co., Ltd - At A Glance

List of Figures:

Figure 1 Research Scope
Figure 2 Research Methodology
Figure 3 Breakdown Of Primary Research By Industry Participant
Figure 4 Breakdown Of Primary Research By Company Type
Figure 5 Data Triangulation Approach
Figure 6 China Electric Scooters And Motorcycles Market Summary
Figure 7 Value Chain Analysis Of China Electric Scooters And Motorcycles Market
Figure 8 Porter's Five Forces Analysis
Figure 9 China Electric Scooters And Motorcycles Market, By Product, ‘000 Units (2013 - 2025)
Figure 10 China Electric Scooters And Motorcycles Market, By Battery Type, ‘000 Units (2013 - 2025)
Figure 11 China Electric Scooters And Motorcycles Market, By Voltage, ‘000 Units (2013 - 2025)
Figure 12 China Electric Scooters And Motorcycles Market, By Technology, ‘000 Units (2013 - 2025)
Figure 13 China Electric Scooters And Motorcycles Market Share Of Key Players (2016)
Figure 14 Competive Analysis Of Key Players
Note: Product cover images may vary from those shown
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  • AIMA Group
  • Dongguan Tailing Electric Vehicle Co., Ltd.
  • Jiangsu Xinri E-Vehicle Co. Ltd.
  • Yadea Group Holdings Ltd
  • Zhejiang Luyuan Electric Vehicle Co. Ltd.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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