China Two-Wheeler Market, By Propulsion Type (ICE Vehicle, Electric Vehicle), By Vehicle Type (Motorcycle, Scooter/Moped), By End Use (Individual, Institutional), By Region, Competition, Forecast and Opportunities, 2028

  • Industry : Automotive
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 17.45 Billion

CAGR (2023-2028)

2.02%

Fastest Growing Segment

Motorcycle

Largest Market

East China

A two-wheeler is a type of vehicle that has two wheels and is powered by an engine, is typically used for personal transportation which include motorcycles, scooters, and mopeds. They are usually smaller and more lightweight than four-wheeled vehicles and are popular in many countries due to their low cost, high fuel efficiency, and ease of use in crowded urban environments. Two-wheelers are also commonly used for recreational activities, such as racing or touring.

The China two-wheeler market had shown growth in the past years, and it is anticipated to increase at a high rate in the forecast year, 2024-2028. In China, the two-wheeler has traditionally been a very popular mode of transport, due to their low cost and easy operability, especially in congested traffic. Considering the already extensive use of traditional two-wheel vehicles in China and the arrival of the electric two-wheelers described as a "greener" and more sustainable means of transportation increases integration and expansion in the many cities of China. The main drivers for the increasing adoption of two-wheeler in China include quickening urbanization, rising demand and income for transportation, heavy traffic and environmental pollution, and occasionally underdeveloped public transit systems. The market and industry for China two-wheelers have indeed experienced remarkable expansion and it is expected to grow in the coming years.

Market Drivers

In China, there are several drivers that have contributed to the growth and development of the China two-wheeler market. With time in China, the demand for personal vehicle has increased, with the growth of China's economy and rising incomes, more people are looking for personal transportation options. Motorcycles provide an affordable and convenient alternative to cars. Apart from the affordability of two-wheelers, it has benefits such as low parking cost and toll free while riding. A two-wheeler also offers very good mileage; a rider can go up to 40 to 50 km per liter. In China, the maintenance cost of two-wheeler is low as compared to the four-wheeler, the cost of the spare parts is not that high, and most parts are available even at local repair shops. In China, electric two-wheeler’s sales has increased in the past few years, as they are popular among city inhabitants, regular road users, and people with special requirements because to their quickness and dexterity, ease of operation and maintenance, affordability, and low emission of pollution. In addition to being used for personal transportation, electric two-wheelers are increasingly being used in public services like delivery, domestic and short-distance patrolling, and urban cleanliness. All these factors are expected to drive then China two-wheeler market in the coming years.

Market Trends

Government support- The of government of China has implemented policies to encourage the development of the tow-wheeler industry. In September 2022, the Ministry of Finance (MOF), the State Taxation Administration (STA), and the Ministry of Industry and Information Technology (MIIT) jointly released the continuing tax exemption on purchases of new energy vehicles. The purchase of new energy vehicles between January 1, 2023, and December 31, 2023, will continuously be exempted from vehicle purchase tax.

Technological advancements- With time there are many enhancements in technology of two-wheeler has been made such as, two-wheelers with Internet of Things (IoT) technology. IoT-enabled rideshare and scooters are among the most recent advancements in China's two-wheeler industry. IoT benefits are numerous, and one of them is the ability to pick up IoT-enabled scooters from any area and drop them off at the destination. The user can plug the key back into the vehicle once the ride is over. All Chinese cities will use IOT by the end of the next five years. Moreover, IoT will make sure that motorcycles and scooters are not the typical two-wheelers. The Internet of Things (IoT) is predicted to make motorcycles and scooters intelligent and function in a much more interactive way.

Ride-By-Wire- The two-wheeler is not propelled forward by a cable or wire when using Ride-By-Wire (RBW) technology but by a advanced electronic system that drives the vehicle's acceleration. RBW was formerly exclusively offered in expensive two-wheelers. Actuators, sensors and an ECU were utilized to regulate how much gasoline and oil went into the engine. As a result, fuel efficiency and engine performance are greatly improved. With gasoline prices rising and consumers demanding greater mileage, RBW appears to be a technological advancement that the two-wheeler market desperately needs. This new technology has increased the sales of this technology in China, due to which the China two-wheeler market is expected to grow in the coming year.

Market Opportunity

Apprehensive consumers adopted e-commerce platforms for food, pharmaceuticals, clothing, and other fast-moving consumer goods because of the pandemic's mobility and business limitations. As a result, more two-wheelers are now being employed to deliver internet purchases, particularly in many cities of China. Bike-taxis and bike rentals, which can be booked immediately via a mobile application, is another potential business option for two-wheelers.

Two-wheelers are the preferred vehicle for making low-cost deliveries, according to e-commerce and last-mile delivery companies. Two-wheeler owners also benefited from this as they can work for any of these businesses at their convenience and make a primary or secondary income.


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Recent Development

  • In China, the motorcycle development and production has boomed, the motorcycle manufacturers have started to use the high quality and new design at an affordable price in the market. Zhejiang Chunfeng Power Co., Ltd., generally known by its trade name CFMoto has launched a new adventure bike 700MT 2023, the bike is heavily inspired by the existing 650MT. The CFMoto’s 700MT has 693cc, twin-cylinder engine, the bike produces 66 horsepower (at 6,000 RPM), it has TFT display shows all necessary display.
  • Lifan Industry (Group) Co., Ltd. has launched a new scooter in the year 2022, by the model’s name SKYGO KPV150 Dual Sport, and the company is also going to launch new bikes in the coming years.
  • Many Chinese motorcycle making companies has done partnership with the foreign motorcycle companies to make their two-wheeler engine and other equipment’s for the motorcycle. In 2019, China’s Zhejiang Qianjiang Motorcycle company has announced a strategic partnership with Harley-Davidson, under this partnership Zhejiang will make Harley-Davidson bike. In 2023, the company has launched Harley-Davidson’s X 350 which was showcased at the auto Shanghai China, in 2023.
  • ChungFeng Moto (CFMoto) has done extensive joint venture with the Perrier Mobility, which is the parent company of KTM, under this joint venture, CFMoto will manufacture the several KTM engines and motorcycles for the Asian market and KTM has allowed to use its engines for the motorcycle of CFMoto brands.

Market Challenges

In China, more and more people in rural areas are switching towards the use of e-bicycles as a mean of transport. Moreover, the rising preference towards the passenger car is also one of the main challenges for the China two-wheeler market.

Rising safety concerns among the people is one of the main reasons for this shifting preference. A motorcycle doesn’t provide the kind of occupant protection that a car does, there are no airbags, roof, or seatbelts, no cabin to protect and secure the rider.

Company Insights

Loncin Holding Ltd. was founded in the year 1993, and headquarter is based in Chongqing, China. The company has launched new real 5T electric scooter under Bicose brand. Bicose brand come under the Loncin Holding Ltd. The Bicose Real 5T is powered by an electric motor, it has a torque output of 389Nm or around 272 lb-ft, the top speed is claimed to be 115kph, or 71mph. The battery of 5T can be charged from zero to 80 percent charged within two hours.

Zonsen Industry Group Co., Ltd. Was founded in the year 1982, and the headquarter of the company is based in the Banan District, Chongqing, China. The company has a capacity of 3 million production of motorcycle annually, the company uses self-made parts by manufacturing it. The workshop area of the company is about 20,000m^2, the annual output capacity of 1 million sets of motorcycle plastic parts, fuel tanks products coating production.

Market Segmentation

The China two-wheeler market is segmented based on propulsion type, vehicle type, end use, region, and competitional landscape. Based on the propulsion type, the market is further bifurcated into ICE vehicle and electric vehicle. Based on vehicle type, the market is further divided into scooters and motorcycles. Based on end use, the market is divided into individual and institutional. Based on region, the market is further divided into the South-Central Region, South-West Region, East Region, North & Northeast Region, North-West Region. The China ICE two-wheeler market is segmented based on vehicle type, End use, and engine capacity. Based on engine capacity, the market is divided into up to 150cc, 151-250cc, and above 250cc. The China electric two-wheeler market is segmented into vehicle type, end use, and engine capacity. Based on engine capacity, the market is further divided into <25Ah and >25Ah.

Company Profiles

Jiangmen Dachangjiang Group Co., Ltd, Loncin Holding Ltd., Lifan Holdings Co., Ltd., Zongshen Industrial Group Co., Ltd., Chongqing Yinxiang Motorcycle (Group) Co., Ltd., Sundiro Honda Motorcycle Co., Ltd., Yadea Group Holdings Ltd., AIMA Technology Co., Ltd, Zhejiang Luyuan Electric Vehicle, and Dongguan Tailing Electric Vehicle Co., Ltd, are among the major market players that lead the growth of the China two-wheeler market. 

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, Volume in Million Units and CAGR for 2018-2021 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Propulsion Type

Vehicle Type

End Use

Region

Regional Scope

South-Central Region, South-West Region, East Region, North & Northeast Region, North-West Region

Key Companies Profiled

Jiangmen Dachangjiang Group Co., Ltd, Loncin Holding Ltd., Lifan Holdings Co., Ltd., Zongshen Industrial Group Co., Ltd., Chongqing Yinxiang Motorcycle (Group) Co., Ltd., Sundiro Honda Motorcycle Co., Ltd., Yadea Group Holdings Ltd., AIMA Technology Co., Ltd, Zhejiang Luyuan Electric Vehicle Co.,Ltd, Dongguan Tailing Electric Vehicle Co., Ltd.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

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Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, the China two-wheeler market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • China Two-Wheeler Market, By Propulsion Type:
    • ICE Vehicles
    • Electric Vehicles
  • China Two-Wheeler Market, By Vehicle Type:
    • Scooter
    • Motorcycle
  • China Two-Wheeler Market, By End Use:
    • Individual
    • Institutional
  • China Two-Wheeler Market, By Region:
    • South-Central Region
    • South-West Region
    • East Region
    • North & Northeast Region
    • North-West Region
  • Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the China two-wheeler market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

China Two-Wheeler Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on China Two-Wheeler Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decision

5.3.  Brand Satisfaction Level

6.    China Two-Wheeler Outlook, FY2018-FY2028F

Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Propulsion Type Market Share Analysis (ICE, Electric)

6.2.2.    By Vehicle Type Market Share Analysis (Scooter, Motorcycle),

6.2.3.    By End Use Market Share Analysis (Individual, Institutional)

6.2.4.    By Regional Market Share Analysis

6.2.4.1.        South Central Region Market Share Analysis

6.2.4.2.        South West Region Market Share Analysis

6.2.4.3.        East Region Market Share Analysis

6.2.4.4.        North & Northeast Region Market Share Analysis

6.2.4.5.        North West Region Market Share Analysis

6.2.5.    By Company Market Share Analysis (Top 5 Companies, Others – By Value, 2022)

6.3.  China Two-Wheeler Market Mapping and Opportunity Assessment

6.3.1.              By Propulsion Type Market Mapping and Opportunity Assessment

6.3.2.              By Vehicle Type Market Mapping and Opportunity Assessment

6.3.3.              By End Use Market Mapping and Opportunity Assessment

6.3.4.              By Regional Market Mapping and Opportunity Assessment

7.    China ICE Two-Wheeler Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Volume and Value

7.2.  Market Share & Forecast

7.2.1.    By Vehicle Type Market Share Analysis (Scooter, Motorcycle)

7.2.2.    By End Use Market Share Analysis (Individual, Institutional)

7.2.3.    By Engine Capacity Market Share Analysis (Up To 150cc, 151-250cc, Above 250cc)

8.    China Electric Two-Wheeler Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Volume and Value

8.2.  Market Share & Forecast

8.2.1.    By Vehicle Type Market Share Analysis (Scooter, Motorcycle)

8.2.2.    By End Use Market Share Analysis (Individual, Institutional)

8.2.3.    By Battery Capacity Market Share Analysis (<25Ah, >25Ah)

9.    Market Dynamics

9.1.  Market Drivers

9.2.  Market Challenges

10. Market Trends & Developments

11. Porter’s Five Forces Model

11.1.             Competitive Rivalry

11.2.             Bargaining Power of Buyers

11.3.             Bargaining Power of Suppliers

11.4.             Threat of New Entrants

11.5.             Threat of Substitutes

12. Competitive Landscape

12.1.             Company Profiles (Up To 10 Major Companies)

12.1.1. Jiangmen Dachangjiang Group Co., Ltd.

12.1.1.1.     Company Details

12.1.1.2.     Key Products Offered

12.1.1.3.     Recent Development

12.1.1.4.     Key Management Personnel

12.1.2. Loncin Holding Ltd.

12.1.2.1.     Company Details

12.1.2.2.     Key Products Offered

12.1.2.3.     Recent Development

12.1.2.4.     Key Management Personnel

12.1.3. Lifan Holdings Co., Ltd. 

12.1.3.1.     Company Details

12.1.3.2.     Key Products Offered

12.1.3.3.     Recent Development

12.1.3.4.     Key Management Personnel

12.1.4. Zongshen Industrial Group Co., Ltd.

12.1.4.1.     Company Details

12.1.4.2.     Key Products Offered

12.1.4.3.     Recent Development

12.1.4.4.     Key Management Personnel

12.1.5. Chongqing Yinxiang Motorcycle (Group) Co., Ltd.

12.1.5.1.     Company Details

12.1.5.2.     Key Products Offered

12.1.5.3.     Recent Development

12.1.5.4.     Key Management Personnel

12.1.6. Sundiro Honda Motorcycle Co., Ltd.

12.1.6.1.     Company Details

12.1.6.2.     Key Products Offered

12.1.6.3.     Recent Development

12.1.6.4.     Key Management Personnel

12.1.7. Yadea Group Holdings Ltd.

12.1.7.1.     Company Details

12.1.7.2.     Key Products Offered

12.1.7.3.     Recent Development

12.1.7.4.     Key Management Personnel

12.1.8. AIMA Technology Co., Ltd

12.1.8.1.     Company Details

12.1.8.2.     Key Products Offered

12.1.8.3.     Recent Development

12.1.8.4.     Key Management Personnel

12.1.9. Zhejiang Luyuan Electric Vehicle

12.1.9.1.     Company Details

12.1.9.2.     Key Products Offered

12.1.9.3.     Recent Development

12.1.9.4.     Key Management Personnel

12.1.10.              Dongguan Tailing Electric Vehicle Co., Ltd.

12.1.10.1.  Company Details

12.1.10.2.  Key Products Offered

12.1.10.3.  Recent Development

12.1.10.4.  Key Management Personnel

13. Strategic Recommendations/Action Plan

13.1.             Key Focus Areas

13.1.1. Target Regions & Countries

13.1.2. Target Vehicle Type

13.1.3. Target Propulsion Type

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Two-wheeler has way more benefits over a car, such as, they are highly affordable and are low maintenance as the overall cost of maintenance and servicing a bike or a scooter is far less than of a four-wheeler.

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East Region has the highest market share followed by South-west region in the China two-wheeler market.

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Some of the drivers for the China two-wheeler market are the increasing demand for personal transportation, changing consumer preferences towards electric two-wheeler. Also, the government of China is supporting to increase the sales of electric two-wheeler by implementing some of the policies such as tax incentives subsidies.

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Some of the major companies in China two-wheeler market are Jiangmen Dachangjiang Group Co., Ltd, Loncin Holding Ltd., Lifan Holdings Co., Ltd., Zongshen Industrial Group Co., Ltd., and Chongqing Yinxiang Motorcycle (Group) Co., Ltd, etc.

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