DUBLIN--(BUSINESS WIRE)--The "China Electric Scooters and Motorcycles Market Analysis and Forecast to 2023" report has been added to Research and Markets' offering.
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 maneuver through congested streets; can be charged from traditional wall outlets and can have a removable battery.
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.
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.
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.
Key Topics Covered:
1. Research Background
2. Research Methodology
3. Executive Summary
4. Introduction
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
10. Company Profiles
- AIMA Group
- Dongguan Tailing Electric Vehicle Co., Ltd.
- Jiangsu Xinri E-Vehicle Co. Ltd.
- Yadea Group Holdings Ltd
- Zhejiang Luyuan Electric Vehicle Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/6c5jhh/china_electric?w=4.
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Related Topics: Motorcycles, Electric and Hybrid Vehicles