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China Electric Scooters and Motorcycles Market by Product, by Battery Type, by Voltage, by Technology - Market Size, Share, Development, Growth and Demand Forecast, 2013-2025

  • ID: 4600356
  • Report
  • May 2018
  • Region: China
  • 59 pages
  • Prescient & Strategic Intelligence Private Limited
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FEATURED COMPANIES

  • AIMA Group
  • Yadea Group Holdings Ltd
  • MORE
China electric scooters and motorcycles market is forecasted to reach over $12 billion by 2025.

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 48V battery powered scooters account for a majority of industry sales, as these two-wheelers provide sufficient power to ride on congested roads, at a reasonable price. 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 Group Holdings Ltd, AIMA Group and Zhejiang Luyuan Electric Vehicle Co Ltd, 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. A 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.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AIMA Group
  • Yadea Group Holdings Ltd
  • MORE
Chapter 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

Chapter 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

Chapter 3. Executive Summary

Chapter 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
4.1.3 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

Chapter 5. Market Size And Forecast By Product

Chapter 6. Market Size And Forecast By Battery Type

Chapter 7. Market Size And Forecast By Voltage

Chapter 8. Market Size And Forecast By Technology

Chapter 9. Competitive Landscape
9.1 Market Share Analysis Of Key Players
9.2 Competitive Analysis Of Key Players

Chapter 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
10.1.4 Strategic Growth Plans
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

Chapter 11. Appendix
11.1 Abbreviations
11.2 Related Reports
Note: Product cover images may vary from those shown
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  • Yadea Group Holdings Ltd
  • AIMA Group
  • Zhejiang Luyuan Electric Vehicle Co Ltd
  • Jiangsu Xinri E-Vehicle Co Ltd Dongguan Tailing Electric Vehicle Co Ltd.
Note: Product cover images may vary from those shown
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