China Two Wheeler Market

China Two Wheeler Market Overview:

The China two wheeler market size  is projected to exhibit a growth rate (CAGR) of 3.20% during ​2024-2032​. Rapid urbanization, rising disposable incomes, government incentives for electric vehicles (EVs), growing environmental awareness, advancements in battery technology, e-commerce and food delivery growth, ride-sharing and bike-sharing popularity, high car ownership costs, and smart two-wheeler innovations are fueling the market growth.

China Two Wheeler Market Trends:

Increasing Urbanization and Rising Disposable Incomes

Rapid urbanization in China is one of the significant factors driving demand for two-wheelers. The massive influx of people coming to cities in search of better job opportunities and living standards has given a sudden boost to the requirement for effective yet affordable transportation services. Two-wheelers have been the preferred mode of transport for people living in urban areas because they’re perfect to weave through the traffic and also easy to park. Moreover, expansion of individual purchasing power amid urban dwellers has increased the number of viable consumers for private vehicles. According to the industry report, in 2023 China’s national per capita disposable income reached 39,218 yuan, up by 6.3% nominally and increased by about 6.1% in comparison with last year. Apart from this, the easy availability and low maintenance costs of motorbikes are some factors that have increased its demand among the urban population which in turn is driving the overall two-wheeler market.

Government Policies and Incentives for Electric Vehicles

The Chinese regulation restricting mopeds is also lifting the growth of two-wheeler market, with strong backing of government for electric vehicles (EVs). Polices and incentives to reduce carbon dioxide (CO2) emissions as well as promote more sustainable transportation have supported the adoption of electric two-wheelers. These efforts range from subsidies to purchase EVs, tax incentives and investments in charging infrastructure. The internal combustion two-wheelers are not only causing pollution but also emit any amount of CO2, methane or NOx gases that contribute to climate change and the widespread goal is nothing less than global carbon net Zero target. Even worse, major cities around the world have begun to constrain gasoline-powered vehicles as well thereby further encouraging consumers to move towards electric. This not only results in electric two-wheelers becoming more affordable but also helps it become an enticing alternative for environmentally conscious users.

Growing Environmental Awareness

The increasing awareness of environmental issues among Chinese consumers is a crucial driver for the two-wheeler market, particularly for electric models. As pollution levels in urban areas rise, there is a growing public concern about air quality and its impact on health. This awareness has led to a shift in consumer preferences towards eco-friendly transportation options that produce lower emissions. Electric two-wheelers, with their zero tailpipe emissions, offer a sustainable alternative to traditional gasoline-powered vehicles. This environmental consciousness is further amplified by educational campaigns and media coverage highlighting the benefits of reducing carbon footprints. Apart from this, the rising demand for clean and efficient transportation solutions is expected to boost the adoption of electric two-wheelers, aligning with the global trend towards sustainable mobility and reducing the environmental impact of urban transportation.

China Two Wheeler Market News:

• In 2024, Yadea launched two new e-kickscooters: the Yadea EliteMax and the Yadea Artist. Debuting at CES 2024, the two e-kickscooters represent advancements in design, technology, and performance.
   

China Two Wheeler Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on type, propulsion type, end user, and distribution channel.

Type Insights:

• Scooters
• Motorcycle
   

The report has provided a detailed breakup and analysis of the market based on the type. This includes scooters and motorcycle.

Propulsion Type Insights:

• ICE
• Electric
   

A detailed breakup and analysis of the market based on the propulsion type have also been provided in the report. This includes ICE and electric.

End User Insights:

• Personal
• Commercial
   

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes personal and commercial.

Distribution Channel Insights:

• Offline
• Online
   

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes offline and online.

Region Insights:

• North China
• East China
• South Central China
• Southwest China
• Northwest China
• Northeast China
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North China, East China, South Central China, Southwest China, Northwest China, and Northeast China.  

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

China Two Wheeler Market Report Coverage:

Key Questions Answered in This Report:

• How has the China two wheeler market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the China two wheeler market?
• What is the breakup of the China two wheeler market on the basis of type?
• What is the breakup of the China two wheeler market on the basis of propulsion type?
• What is the breakup of the China two wheeler market on the basis of end user?
• What is the breakup of the China two wheeler market on the basis of distribution channel?
• What are the various stages in the value chain of the China two wheeler market? 
• What are the key driving factors and challenges in the China two wheeler?
• What is the structure of the China two wheeler market and who are the key players?
• What is the degree of competition in the China two wheeler market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the China two wheeler market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the China two wheeler market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the China two wheeler industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.